The Future of Oil Companies: A Slow Decline

Market watchers are announcing the demise of the oil majors. Not for the first time. According to Jilles van den Beukel, former geoscientist with Shell, the oil companies are indeed seeing their world shrinking. But they are not dead yet: their reason for being – the world’s demand for oil and gas – is still […]

Don’t expect an oil sands resurrection

Just a few years ago, Alberta’s oil sands were the great hope for Canada’s economic future. A 2013 report from the National Energy Board projected that oil sands production would more than double from about two million barrels a day in 2010 to five million by 2035. Projections from the Canadian Association of Petroleum Producers […]

Bird poop on the lines causes nuclear power shutdown

Indian Point Nuclear Power Plant outside New York City is in the news yet again. This time it’s to explain the cause of a three-day shutdown in December, 2015. It seems that they are blaming the shutdown on bird poop. New Orleans-based Entergy Corp. said the Indian Point facility shutdown safely for three days, starting […]

Time to End the Oil Addiction?

Oil has dominated the wealth of nations for the majority of the 20th century, often shaping the outcomes of wars and dominating the global geopolitical power. One can wonder, how has humanity come to such a reliance on oil? The first account of the use of oil dates back to 347 AD in China, but […]

Energy Wars of Attrition

Three and a half years ago, the International Energy Agency (IEA) triggered headlines around the world by predicting that the United States would overtake Saudi Arabia to become the world’s leading oil producer by 2020 and, together with Canada, would become a net exporter of oil around 2030. Overnight, a new strain of American energy […]

Russia may be running out of oil

Oil production in Russia will inevitably decline by 2035 according to an Energy Ministry report seen by the Vedomosti business daily. The different scenarios predict an output drop from 1.2 percent up to 46 percent two decades from now. The document, obtained by the newspaper and confirmed by a source in the ministry, says by 2035 […]

The Myth Of Africa Overpopulation

— “Many in position of power think the world has become overpopulated recently, and Africa takes the center of attention because of the constant increase in population” — “European countries are nowadays giving incentives to their women to give birth to more babies. Yet, an already underpopulated continent, Africa is crowded with Western ‘experts’ giving money to NGOs and […]

International Rig Count Still Falling

The Baker Hughes International Rig Count is out. The rig count data in all charts below is through February 2016. The Baker Hughes International Rig Count does not include the US, Canada, any of the FSU countries or inland China. It does include offshore China. That rig count peaked in July 2014 at 1,382 rigs […]

Total, Eni Bet On New Finds As Rivals Cut Costs In Oil Downturn

As oil firms slash billions of dollars of investment to survive the market crash, France’s Total and Italy’s Eni are making some of the smallest cuts, gambling in the hope of big-ticket discoveries that will reward them when prices recover. Both approaches carry risks. Intensive exploration programmes mean higher costs and lower profits in the […]

You’ll Eat Bugs. These Investors Are Betting Millions on It

Greg Sewitz and Gabi Lewis are used to people laughing at them. Three years ago the two college roommates ordered two boxes of live crickets off the Internet, the sort you might feed your pet iguana. They promptly shoved the two shoebox-sized containers of insects into the freezer. Later, they ground the tiny frozen corpses in […]

Why Resist the TPP

Did you know that under the TPP you can go to jail for downloading movies. Yep, that and then some. Watch this to learn about how this “Free Trade” deal could affect you.

Entropy and the collapse of civilizations

When we discuss the impending crisis of our civilisation, we mainly look at the resources our economy need in a growing quantity. And we explain why the diminishing returns of resource exploitation pose a growing burden on the possibility of a further growing of the global economy. It is a very interesting topic, indeed, but […]

The Federal Reserve’s Shell Game

The Federal Reserve is a key component of the American Transfer State.Under the guise of “macroeconomic management,” it redistributes vast amounts of wealth on an ongoing basis through inflation. The victims of these transfers are ordinary Americans. The beneficiaries are the government and its elite cronies. The Fed masks the nature of this surreptitious taxation […]

What if the suburbs went on forever?

Suburbia has a bad name. As a form of development, it’s associated with sprawl and waste, oversized homes, cookie-cutter communities, and a dreary dependence on automobiles. Yet suburban land is also where most people live — not just in the United States, but around the world — and a new exhibition at MIT argues that […]

Paul Craig Roberts: Murder Is Washington’s Foreign Policy

Washington has a long history of massacring people, for example, the destruction of the Plains Indians by the Union war criminals Sherman and Sheridan and the atomic bombs dropped on Japanese civilian populations, but Washington has progressed from periodic massacres to fulltime massacring. From the Clinton regime forward, massacre of civilians has become a defining […]

Saudis Awarded France’s “Highest National Honor” For “Fight” Against Terrorism

There is perhaps no more perverse relationship in the world than that which exists between the West and Saudi Arabia – or, “the ISIS that made it,” as Kamel Daoud, a columnist for Quotidien d’Oran, and the author of “The Meursault Investigation” calls the kingdom. We’ve been over and over the glaring absurdity inherent in […]

The Greenest Electric Cars of 2016

Vehicle-related air pollutants have decreased by 98 percent since the 1960s in Los Angeles, despite its residents burning three times as much gasoline and diesel fuel, according to the National Oceanic and Atmospheric Administration. The study credits greener cars as the catalyst behind improved air quality. This goes to show that going green can absolutely […]

Iran has sentenced one of its richest oil tycoons to death for corruption

An Iranian court has issued a death sentence against an Iranian oil tycoon, a judiciary spokesman told reporters Sunday, in a case widely portrayed as a symbol of corruption during the administration of former President Mahmoud Ahmadinejad. Babak Zanjani, 41, one of Iran’s wealthiest businessmen, was sentenced to death along with two other defendants, a […]

Economic Collapse of South America

The 7th largest economy on the entire planet is completely imploding.  I have written previously about the economic depression that is plaguing Brazil, but since my last article it has gotten much, much worse.  During 2015, Brazil’s economy shrank by 3.8 percent, but for the most recent quarter the decline was 5.89 percent on a […]

Big Oil Eyes Upcoming Auction In Iran

Iran, a country boasting the fourth largest oil and the second largest gas reserves in the world, has become one of the most prominent topics in the news – for example, today’s election news affirming the shifting of political power to the moderate and reform candidates. From the oil and gas industry point of view, […]

Has Degrowth Outgrown its own Name?

Why Degrowth has out-grown its own name by Kate Raworth Here’s what troubles me about degrowth: I just can’t bring myself to use the word. Don’t get me wrong: I think the degrowth movement is addressing the most profound economic questions of our day. I believe that economies geared to pursue unending GDP growth will […]

The Impact of Oil, Gas on the US Housing Market

Just a few years ago, the industry was in an upcycle – oil prices were high, drillers had discovered new ways to extract oil and gas and jobs were plentiful in the oilfield. Workers flocked to oil-rich cities like Houston; Midland, Texas; and Williston, North Dakota. The housing markets in these areas saw a heavy […]

Saudi foreign minister says ‘we will maintain our oil market share’

Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel al-Jubeir said on Saturday. “Our view is market forces determine the price of oil and we will maintain our market share and markets will recover,” […]

Mutations, DNA damage seen in Fukushima

Conservation group Greenpeace warned on Friday that the environmental impact of the Fukushima nuclear crisis five years ago on nearby forests is just beginning to be seen and will remain a source of contamination for years to come. The March 11, 2011 magnitude 9.0 undersea earthquake off Japan’s northeastern coast sparked a massive tsunami that […]

Is The BOJ Quietly Intervening In Oil And Commodities?

As we said last week, the significant highs and lows in markets over history have been marked by some form of intervention (whether it be public or private policy actions).  Of course, we’ve been predicting some form of intervention, and soon, to remove the systemic risk posed by persistently weak oil prices. It just so happens that key markets (oil, […]

Oil likely to recover to $55 in 12 months

Oil prices are likely to recover after 11-year low to USD 55 per barrel from the current USD 34 in 12 months, following gains in the latter half of 2016, according to a report. However, weakness in the price of crude oil is likely to continue in the short-term, with the market yet to see […]

BP CEO Gets 20% Rise in Total Pay

BP PLC’s chief executive Bob Dudley received a 20% bump in his total compensation package last year, bringing it to $19.6 million despite an ongoing slump in oil prices that has battered the ​energy​ giant’s earnings. Mr. Dudley got a boost in 2015 from a $1.4 million cash bonus—up from about $1 million in 2014—and […]

Fukushima Disaster Will Wreak Environmental Havoc for Centuries

A report from Greenpeace reveals that the destruction of ecosystems caused by the Fukushima meltdown is worse than the government lets on. Radiation from the Fukushima nuclear disaster in Japan will have a long legacy of environmental destruction with up to hundreds of years of devastating impacts on the ocean, waterways, plants, and animals, according […]

For The ECB, It’s No Longer About Oil

Inflation in the euro area came in at 0.2 percent in February, piling further pressure on policymakers at the European Central Bank ahead of next week’s monetary policy meeting. While the largest component of the price fall in the common currency zone remains energy, the ECB is becoming increasingly concerned about second round effects and the […]

The Stupid Things People Do When Their Society Breaks Down

A frequent mistake that many people make when considering the concept of social or economic collapse is to imagine how people and groups will behave tomorrow based on how people behave today. It is, though, extremely difficult to predict human behavior in the face of terminal chaos. What we might expect, or what Hollywood fantasy […]

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