Banks Face Massive New Headache on Oil Loans

The $147 billion question for banks: Will energy companies max out their credit lines? When big banks announce earnings starting on Wednesday, the spotlight will be on massive energy loans that most investors didn’t know much about until recently. These unfunded loans have been promised to energy companies that haven’t yet tapped the money. Many […]

19 Signs That American Families Are Being Economically Destroyed

The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.  Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family […]

The Joy Is True, The Sorrow Is True

Excerpt from Episode 14 – Carolyn Baker To hear the entire show or find out more please visit: http://www.extinctionradio.com/ For more from Carolyn Baker: www.carolynbaker.net Extinction Radio is a production of the Near Term Human Extinction Support Group on Facebook. http://bit.ly/NTHESG For all Xnotes: Field Notes from Extinction, please visit: http://bit.ly/1F0b0OE

Sanders Wants Nationwide Fracking Ban

Saying it’s a danger to the air and water supply, Vermont Sen. Bernie Sanders upped his rhetoric on hydraulic fracturing Monday by calling for a nationwide ban on fracking. In a statement to the press, Sanders – running against former Secretary of State Hillary Clinton for the Democrat’s nomination for the 2016 U.S. presidential election […]

The population problem: should the Pope tell people to stop breeding like rabbits?

Image by Rakka. In this post, I argue that overpopulation is a complex problem that has to do with human choices at the level of single families. It is not impossible that such choices will eventually lead to a stabilization of the world population at a sustainable level. It has happened in some historical cases, […]

Natural Gas Production Is About To Plummet

Summary As one of the seven largest natural gas producing regions in the U.S., the Eagle Ford is a significant area to understand for natural gas-oriented investors. In this article, I dig into the government’s data regarding production and forecast what output should look like by year-end. What I discovered is that, if something doesn’t […]

Kunstler: The Mystery Revealed

The mystery is at last revealed: why does the field of candidates for president score so uniformly low in trust, credibility, likability? Why are there no candidates of real substance, principle, and especially of real charm in this scrim of political basilisks? (Surely there are many people of substance and principle elsewhere in America — […]

$40 Per Barrel May Be The New $100 For Oil

Summary Who has been quickly preparing for a prolonged period of lower oil prices. Clearing out the rubble will be a good thing for the sector. Prolonging the inevitable would be a big mistake. Why any market intervention will make things worse over the long term. source: Stock Photo The oil sector is a complicated […]

Goodbye Rupee? Iran Tells India to Pay for Oil in Euro

Iran has stopped selling oil to India for rupees and now demands payment in euros only, Shana news agency citied Iran’s Oil Minister Bijan Zangeneh as saying on Saturday. “From now on, Iran will trade oil only in euros,” Bijan Zanganeh told reports on the sidelines of Iran-India business conference at Tehran Chamber of Commerce. Earlier, Tehran and New Delhi […]

Iran and Oil: You Ain’t Seen Nothing Yet

“Freeze” is a word rarely heard in balmy Doha, but it will be the talk of the town this week. That isn’t because a delegation from frigid Moscow plans an unusual appearance at a meeting of oil exporters being held in Qatar’s capital next Sunday. The star of the show, and quite possibly the spoiler, will […]

Rolling blackout fear in SoCal

After a new report warned that the Porter Ranch gas leak could lead to power outages this summer, officials have been meeting to find ways to keep the lights on in Southern California. The report said the loss of natural gas and the shut down of the Southern California Gas Aliso Canyon facility could lead […]

Saudi Oil Gambit Moves to Phase Two

There’s an oil supply crunch looming and Saudi Arabia and its local allies are positioning themselves to take advantage. In what would be the second phase of the kingdom’s strategy to defend its market share against rival producers (most visibly U.S. shale), Gulf states are planning to raise output capacity to fill the hole left by the lack of investment in […]

Wind and Solar Are Crushing Fossil Fuels

Bloomberg has a report on the massive growth in renewable energy and the steady marginalisation of fossil fuels – Wind and Solar Are Crushing Fossil Fuels. The article notes that even with low oil, gas and coal prices, renewable energy investment has still powered ahead. One reason is that renewable energy is becoming ever cheaper […]

Japan: The Canary in the Coal Mine

One of the epicenters of the global financial crisis that started during the second half of last year is Japan, and it looks like the markets in the land of the rising sun are entering yet another period of great turmoil.  The Nikkei was down another 390 points last night, and it is now down […]

Here’s why the markets may be decoupling from oil

Well, this is a bit of a disappointment. We have oil flying (up nearly 7 percent!), we have a weak dollar, we have China quiet all week, and we have a dovish Fed that traders believe have put some kind of floor under the market. And this is all we get? The Dow Industrials up […]

The Tesla 3: an earth-rape for the rare metals

It’s depressing when even Jalopnik – a car site that’s supposed to be into cars – throws a bukakke party for the new Tesla 3. Which is a car in the same way that this is an airplane. Elon Musk’s latest four-wheeled exercise in rent-seeking will reportedly be “sold” (fundamentally dishonest word; I’ll explain) for about $35,000 to […]

Neil Howe & The Coming Generational Crisis

I recently had the pleasure to visit with Neil Howe on the “Lance Roberts Show” about the coming generational shift and its potential affect on the economy. Neil Howe is a renowned authority on generations and social change in America. An acclaimed author and speaker, he is the nation’s leading thinker on today’s generations—who they are, […]

China’s Energy Future

China is always a bit of an enigma to the West: It is the world’s largest user of coal and the world’s largest emitter of carbon dioxide; the world’s largest car market; it has the world’s largest shale gas resources; and it has been building entire “ghost cities” with no one living in them. But […]

US Shale Oil Production Costs Fell by 30% from Decade High

Costs associated with shale oil exploration and production decreased by a third in 2015 thanks to implementation of more effective technologies. Experts are certain that this could affect crude oil prices in the short term. Costs beared by US shale producers shrunk by 25-30% last year in comparison to their decade high in 2012. This […]

Changing Everything

Among climate change activists, solutions usually center on a transition to renewable energy. There may be differences over whether this would be best accomplished by a carbon tax, bigger subsidies for wind and solar power, divestment from fossil fuel companies, massive demonstrations, legislative fiat or some other strategy, but the goal is generally the same: […]

How the Prophet of Peak Oil Explained Fracking in the 1950s

The following is excerpted from The Oracle of Oil: A Maverick Geologist’s Quest for a Sustainable Future, by Mason Inman. Copyright © April 11, 2016. W .W. Norton & Co. Adapted from Chapter 17, “A Magical Effect.” Author’s Note: In the mid-1950s, M. King Hubbert was the first to explain correctly how a new technique […]

Peak Oil: Are We Not Better Than This? Pt 2

In Part 1 of this series, I confessed at the outset that I had mixed feelings about posting this series. More of the same tiresome pieces [1. 2.] of fact-light energy abundance Happy Talk designed to do anything and everything but start a meaningful conversation [at least from this peak oil advocate’s perspective] was instead […]

Psychological Markers for the Price of Oil

analyst at Jefferies, discusses the outlook for oil and factors moving the price. He speaks with Guy Johnson and Hans Nichols on Bloomberg Television’s “On The Move.”

JPMorgan CEO Warns of Economic ‘Tragedy

In about a decade, the U.S. will have no choice but to take action to address a “tragedy that we can see coming,” according to JPMorgan CEO Jamie Dimon. AP In his annual letter to the company, Dimon laid out his “key concerns” about the future of the U.S. economy and the “serious issues” that […]

Making Meaning for the Ending of Our Days

Stephen Jenkinson made keen observations in his decades working with the dying. The author of Die Wise: A Manifesto for Sanity and Soul observed that our high-technology medical system often makes things harder for dying people. When a patient or their family bargains for “More Time” through radiology or chemotherapy or drugs, it “bears no […]

Why is Africa’s largest oil producer short of petrol?

Despite being one of the world’s biggest oil producers, Nigeria imports most of its fuel and is currently facing a severe shortage. It does not have enough oil refineries and even if the four it has were running at full capacity, they would only supply a quarter of the country’s needs, says John Ashbourne, an […]

Nearly 30 Oil Tankers in Traffic Jam Off Iraqi Coast

Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to Reuters, around 30 very large crude carriers (VLCCs) are sitting in the Persian Gulf, and the backlog could cost ship owners more than $75,000 per day. Some could be waiting for weeks to reach the […]

Goldman says $35 oil will correct oil glut, lift market in 2017

Goldman Sachs says $35 oil is a “Goldilocks” price, meaning it’s “just right” for the oil market. It’s low enough to keep U.S. crude production declining, which is expected to correct the global oversupply and lift prices next year. But it’s still above cash costs for domestic drillers. The investment bank’s thesis is current oil […]

Timetables of power

For more than three decades, Vaclav Smil has been developing the concepts presented in his 2015 book Power Density: A Key to Understanding Energy Sources and Uses. The concept is (perhaps deceptively) simple: power density, in Smil’s formulation, is “the quotient of power and land area”. To facilitate comparisons between widely disparate energy technologies, Smil […]

Global Demand for Food Is Rising. Can We Meet It?

Over the last century, the global population has quadrupled. In 1915, there were 1.8 billion people in the world. Today, according to the most recent estimate by the UN, there are 7.3 billion people — and we may reach 9.7 billion by 2050. This growth, along with rising incomes in developing countries (which cause dietary changes […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy