Gail Tverberg: Something Has Got To Break

Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been using debt to fund further energy exploration and extraction. That strategy has diminishing returns, Tverberg warns. And […]

BAKKEN – Single Well Economics

This is a guest post by Ciaran Nolan Disclaimer The opinions and views expressed in this presentation are solely those of the author and not necessarily those of any organisation. Introduction This presentation builds upon earlier work carried out by the author in May 2015 on the North Dakota (ND) Bakken / Three Forks Light Tight Oil (LTO) Play […]

Peak Oil? What Peak Oil?

It is unbelievable how many times I’ve heard people telling me “the US has become self-sufficient in oil production,” a group that includes some respectable members of the EU parliament. This is probably due to the confusion that the media have made on the fact that the US production has recently surpassed the US imports […]

The Saudi Iran Crisis Is Sending Oil Prices Higher

Markets wonder what’s next in the conflict. Oil prices rose Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data showing some of Asia’s largest economies are struggling. Saudi Arabia, the world’s biggest oil exporter, cut diplomatic ties with […]

Robert Rapier: Grading My 2015 Energy Predictions

Introduction “It’s tough to make predictions, especially about the future.” ― Yogi Berra I haven’t looked forward to this post since about mid-year, when it became clear that I wasn’t going to have a repeat of 2014’s perfect record. I recall a year ago wondering whether I would ever have a year the exact opposite […]

Kunstler: Pretend to the Bitter End

Forecast 2016 There’s really one supreme element of this story that you must keep in view at all times: a society (i.e. an economy + a polity = a political economy) based on debt that will never be paid back is certain to crack up. Its institutions will stop functioning. Its business activities will seize […]

Economic Collapse Leads to Nuclear Event

In today’s video, Christopher Greene of AMTV reports on the Economic Collapse 2015. Website: http://www.amtvmedia.com/ On Demand: https://amtvmedia.vhx.tv/ Store: http://store.amtvmedia.com/

Oil’s prologue likely to be a harbinger of worse things to come

In any assessment of the oil price crash, it is worth remembering Shakespeare’s aphorism: “What’s past is prologue”. In 2015, it appeared that the salient features of the US oil industry were: falling costs and rising productivity, which meant total output fell only gently from its April peak; continued investor support for capital raising (at […]

Trump: ‘Clinton Created ISIS with Obama’

Republican presidential frontrunner Donald Trump blasted the Obama administration on its relationship with Iran and its handling of the Islamic State group. He also said Hillary Clinton “created ISIS with Obama.”

Iraq Says It Exported More Than 1 Billion Barrels of Oil in 2015

Iraq said it exported 1.097 billion barrels of oil in 2015, generating $49.079 billion from sales, according to the oil ministry. It sold 99.7 million barrels of oil in December, generating $2.973 billion, after selling a record 100.9 million barrels in November, said oil ministry spokesman Asim Jihad. The country sold at an average price of $44.74 a barrel […]

Thanks to technology, we’re not going to run out of oil

If you read Stephen Moore’s column, he noted how the consensus over oil is wrong. We’re not running out of oil. In fact, many have been saying we’re going to run out since the 1930s: These stupid predictions of the end of oil have been going on for most of the last century. Just over […]

Saudi execution will ‘topple Saudi regime’

The former prime minister of Iraq, Nuri al-Maliki, has said that the execution of the prominent Shi’ite cleric Sheikh Nimr al-Nimr by Saudi Arabia will be the downfall of the Gulf kingdom’s government. Mr al-Maliki, who was prime minister of Iraq between 2006 and 2014, said in a statement that his countrymen “strongly condemn these […]

Russia Discounts Gas For Ukraine

Russian Prime Minister Dmitry Medvedev approved a discount in the price of natural gas for Ukraine to bring Russian gas prices closer to prices in European markets. Russia will discount its previous gas price of $230 per 1,000 cubic meters (TCM) by $17.8, bringing it to $212.2 per TCM, an official Russian government notice said […]

What will happen in 2016?

Never make predictions, especially about the future. So said Mark Twain, Yogi Berra or Niels Bohr – or possibly all three. But if you must, there are really only two options: play safe and go for the obvious, or come up with forecasts so giddily optimistic that no one will take you seriously. Using the […]

Collapse 2015 in Words & Pictures

Download the mp3 on Diner Soundcloud Full Transcript for non-native speakers of English Collapse in 2015 is now in the grave, a thing of the past, an artifact of history.  Not to be forgotten though, because of course those who do not learn from history are doomed to repeat it.  Of course, those who do […]

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