Putin announces Russia will pull most of its military from Syria

President Vladimir Putin announced Monday that Russia would begin withdrawing the “main part” of its military from Syria, a surprise potential end to a six-month intervention that bolstered Syrian President Bashar al-Assad and dealt a grave blow to Syrian rebels. The decision came as U.N.-brokered peace talks between the Assad government and rebel representatives got […]

The Population Bomb

In 1900, the world surpassed 1.7 billion. By 1950 it had almost doubled that number at over 2.5 billion. By the year 2000, after only 100 years with two world wars in between, we had reached 6.1 billion. Now there are 7.5 billion people on this planet. By 2050 that number is projected to hit 10 billion. Protesters clash […]

Why Do Banks Invest in Big Oil?

For profits, obviously. Divesting from fossil fuel would lose business and lower profits, so the thinking goes. But is this true? A study finds ethical banks are just as profitable as major banks. If a mainstream bank adopts sustainable banking principles can they realistically expect to maintain profits? I look into the study’s methodology and see […]

Iraq Halts Pumping of Kirkuk Oil into Turkey Pipeline

Iraq’s state-run North Oil Company has stopped pumping crude produced at fields it operates in the Kirkuk area through a pipeline to Turkey, three sources said on Monday. The pipeline carries crude to the Mediterranean port of Ceyhan, where the Kurds have been selling it independently on the international market, along with oil produced in […]

How oil price volatility explains these uncertain times

How oil price volatility explains these uncertain times By TOM THERRAMUS for OIL-PRICE.NET, 2016/03/01 The numbers say that these should be the best of times for America. The economy has been growing for five years. Unemployment is low. Inflation is almost nonexistent and gas is cheap. Yet, many Americans feel deeply uneasy about their future […]

Kunstler: Bull Run

The Twitter-incited mob that shut down last week’s Donald Trump rally at the University of Illinois’ Chicago pavilion was the first skirmish in what is shaping up to be a civil war between a political Left that has lost its mind and a political Right that has lost its mind and its soul. The tensions […]

The US Is Pumping All This Oil, So Where Are The Benefits?

The U.S. has ramped up oil production so dramatically that it’s joined Saudi Arabia and Russia as one of the world’s largest producers. Just glance at the chart below. Since this surge began in 2008, American production rocketed from 5 million barrels a day to nearly 10 million barrels a day at the high point […]

Oil Prices Should Fall, Possibly Hard

Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price. Prices should fall to around $30 once the empty nature of an OPEC-plus-Russia production freeze is understood. A return to the grim reality of over-supply and the weakness of the world economy could push prices well into the $20s. Saudi Arabia’s Minister of […]

$67 Oil Has All The Majors Converging Here

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. But with the crash in prices since […]

India, Middle East Countries In Talks On Oil-For-Food

India is in talks with some Gulf nations to buy oil to fill its strategic reserves and sell food in return, seeking to use its position as the world’s third-largest oil importer to both secure energy supplies and boost exports. Indian Oil Minister Dharmendra Pradhan told reporters the idea was still fluid, but New Delhi […]

Coal Shock Model

The views expressed do not necessarily reflect the views of Ron Patterson. The eventual peak in World fossil fuel output is a potentially serious problem for human civilization. Many people have studied this problem, including Jean Laherrere, Steve Mohr, Paul Pukite (aka Webhubbletelescope), and David Rutledge. I have found Steve Mohr’s work the most comprehensive […]

Energy Access for the Developing World

Podcast: Play in new window | Download Subscribe: iTunes | Android | RSS What’s the best way to bring energy to those in the developing world who lack it? Why do forecasts by agencies like IEA always seem to overstate the cost of solutions in the developing world? Why do big expensive programs run by […]

Big Oil Faces Courtroom Showdown

ExxonMobil is being investigated by the Attorney’s General of New York and California with a view to criminal charges for securities fraud and racketeering over their stance on climate change. The ramifications are enormous for the course of the global energy transition. The oil and gas giant stands accused of lying to its shareholders for […]

The Legacy of the Fukushima Nuclear Disaster

Five years ago, on 11 March 2011, a large region of Japan was shaken for three minutes by a magnitude 9.0 earthquake. The movement was so severe that the country moved a few metres east, the local coastline dropped, and it triggered a tsunami which killed thousands of people. But what many people outside Japan remember is […]

explain global economic crisis

Something weird is going on with the global economy. It’s been going on since at least 2007. Economic growth has been slow, financial markets have been volatile and economic policy makers have often been at a loss. We tend to focus on the problem of the moment — the subprime crisis, the euro crisis, the […]

A Barrel of Oil Costs Less than the Barrel It Comes in

Here’s a stat that illustrates just how much crude prices have fallen: a barrel of oil costs less to buy than the actual barrel it comes in. That fact comes courtesy of Nicholas Colas, chief market strategist at Convergex, who calls oil “the Kim Kardashian of asset classes,” in a Friday note because of the attention it’s commanded across the […]

What Happens to Nuclear Power Plants Following an EMP?

We have covered some bases on the EMP (Electromagnetic Pulse) and how to prepare the home and supplies against it.  One of the major problems with the EMP is not just what will not work regarding unshielded equipment, but what will happen when certain things do not run anymore.  What I’m referring to the real […]

The Coming Collapse Of Saudi Arabia

They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew to Saudi Arabia. He was there to meet with King Abdullah, the country’s ruler and one of the richest men in the world. Informed observers […]

OPEC-Russia Oil Coalition Struggles With Its Very First Step

A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step. OPEC members and rival producers have yet to decide when, or where, to hold talks on a proposed accord to freeze oil output, a strategy aimed at curbing […]

Fukushima continues to leak radiation

Five years after an accident at the Fukushima nuclear plant in Japan, some scientists continue to find found small amounts of radioactive material along the West Coast of North America. And some of them say we should expect to see this in the ocean for decades to come. Elevated levels found off the coast of […]

Thousands Of ISIS Documents Apparently Leaked To British Media

Names, addresses and phone numbers of some 22,000 ISIS recruits — and information about the network that recruited them — are reportedly part of a trove of data that Sky News says it received from a former member of the extremist group. The identities of people from more than 50 countries, including Britain, European nations, […]

Is Saudi Arabia’s Oil Business Going Bust?

“What if Riyadh’s oil wealth days are numbered?” American political analyst Phil Butler asks, shedding light on what “peak oil” means for the Western economy. Saudi aggression against Yemen and the much discussed Saudi-Turkish initiative to kick off a ground operation in Syria are clear signs that Riyadh is in trouble. “Saudi Arabia’s ever increasingly hostile stance toward neighbors may not […]

Who’s afraid of cheap oil?

The Economist has an article (from January) on the gyrations of the oil price, reviving their circa-2000 prediction of $10 per barrel oil (this doesn’t look like occurring and if it did it would be for but a fleeting moment) – Who’s afraid of cheap oil?. The world is drowning in oil. Saudi Arabia is […]

Everything Must Fall!

Recently, shit has been popping off in South Africa, with students across the country taking to the streets to demand free education. To learn more about this situation, I recently caught up with Alex Hotz, a member of #RhodesMustFall, a grassroots student group that came together in March of 2015, to demand that a statue […]

The folly of long-term planning

This weekend I thought I might head up to Oil Shale City for a night out in the big town. After all, Oil Shale City has more than 300,000 people and it’s just between DeBeque and Rifle, where the town of Grand Valley used to be located before it was swallowed up by the city. […]

Slowly Moving to Protect the Environment

Many of us feel a sense of urgency when we think of the steps needed to preserve our planet, but governments attempting to maintain economic well-being and stay in power continue to balance change with stability. I think that more and more people in power understand the need to address climate change, ecosystem protection, and […]

Why, look: It’s an oil price-rigging revival

Beware, Americans! Wall Street is desperately trying to rig the oil and gasoline markets again. I’ve been following this scheme for nearly 10 years as speculators, led by the Goldman Sachs gang, tried to convince people that the world is running short of oil and that the price would soon go to $200 a barrel. […]

Where Has The Oil Gone? Missing Barrels And Market Rebalancing

Global oil production exceeded consumption by just over 1 billion barrels in 2014/15, according to the International Energy Agency (IEA). Production exceeded consumption by an average of 0.9 million barrels per day in 2014 and 2.0 million bpd in 2015 (http://tmsnrt.rs/1pvIEw8). Of the 1 billion barrels reportedly produced but not consumed, roughly 420 million are […]

World will need big oil

There are those who will tell you that this is a bad time to be running a big oil company. John Watson, chief executive of Chevron, is not among them. “Arguably, we’ve never been more advantaged than right now,” he says. Of course, he acknowledges, times are tough for everyone in the oil industry because […]

Former Prime Minister Admits Fukushima Almost Completely Destroyed Japan

This Friday, it will officially have been 5 years since the Tōhoku earthquake and tsunami disabled Tepco’s nuclear power plant in Fukushima. But despite the passing of 5 years, we still don’t really know much damage this disaster really caused. We don’t know what the long-term effects will be on the environment, or on the […]

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