Kemp: OPEC Plays The Chicken Game While Oil Prices Fall

OPEC members are making the task of oil market rebalancing harder by maximising their production ahead of a ministerial conference at the end of November. OPEC output is actually increasing, putting downward pressure on oil prices, even while the organisation’s members are in talks designed to reduce output in future, with the intention of pushing […]

Dark Peak by George R. Fehling

by Frank Kaminski, originally published by Mud City Press  | TODAY George R. Fehling’s DARK PEAK (Founders House Publishing, October 2015, 259 pages, $15.99) George R. Fehling’s novel Dark Peak is both an effective thriller and a heartfelt eco-polemic. Set in rural Vermont a century from now, it portrays a community at war over the fate […]

How I Survived Collapse: Chapter 3

Note to Readers:  I’m quite backed up with HISC chapters and several non-fiction articles, so I will be publishing during the week as well as the Sunday Brunch article for a while to work through the backlog.  Check back on the Diner regularly to look for new chapters of HISC. Karl’s Story It was midsummer […]

Taliban Raid German Consulate in Afghanistan

Militants ram car packed with explosives into wall of consulate in Mazar-i-Sharif in retaliation for Nato airstrikes near Kunduz Germany heads the Nato-led ‘Resolute Support’ mission in northern Afghanistan. Photograph: Michael Kappeler/AFP/Getty Images A Taliban suicide bomber rammed a car packed with explosives into a wall around the German consulate in the northern Afghan city […]

Trump’s Plan For Clean Coal Could Put The Brakes On Natural Gas

President-elect Donald Trump’s energy plan includes a promise to develop clean coal. Clean coal is a technology that has struggled for years and is unlikely to be competitive with cheap natural gas. NPR

#DisruptJ20: No Peaceful Transition

NO PEACEFUL TRANSITION #DisruptJ20: Call for a bold mobilization against the inauguration of Donald Trump on January 20, 2017 On Friday, January 20, 2017, Donald Trump will be inaugurated as President of the United States. We call on all people of good conscience to join in disrupting the ceremonies. If Trump is to be inaugurated at all, […]

Is the age of oil about to end? This oilman thinks so

There’s a new “Peak Oil” prediction out, and this one is worth taking seriously if for no other reason than its source. Peak Oil, you may recall, refers to a theory propounded by the late geologist M. King Hubbert, who predicted that world oil production would ultimately reach a maximum and then go into a […]

End Of The U.S. Major Oil Industry Era: Big Trouble At Exxon Mobil

The era of the mighty U.S. major oil industry is coming to an end as the country’s largest petroleum company is in big trouble. While Exxon Mobil (NYSE:XOM) has been the most profitable U.S. oil company in the past, it suffered its worst year on record. For example, just four years ago, Exxon Mobil enjoyed […]

World Oil And Its Seven Biggest Chokepoints

It’s common knowledge that most of the world’s oil is transported internationally by tankers. What might not be so commonly known is the fact that almost half of the crude shipped around the world passes through waters where piracy, the danger of terrorist attacks, or the possibility of local governments shutting down the waterway are […]

Oil, Coal Seen as Winners With Donald Trump Victory

Donald Trump’s energy ideas are ‘basically the antithesis of the current administration’s,’ according to JBC… Donald Trump ’s surprise victory fanned expectations in the energy industry that he would clear the path for new pipelines, end U.S. participation in global climate change pacts and undo environmental regulations to boost American coal mining. The prospect that […]

Trump, Berlusconi, and the Blob

This post was published nearly one year ago on Cassandra’s Legacy, on Dec 11, 2015. It didn’t prophesize the election of Donald Trump, but it outlined the main elements that made his election possible. (UB)   For about twenty years, Mr. Silvio Berlusconi has been the blob of Italian politics, absorbing everything thrown at him […]

Energy Market Assesses Trump Win

Abhishek Deshpande, chief energy analyst at Natixis, discusses rebalancing in the oil market, what a Donald Trump presidency would mean for energy markets and the potential outcome of the OPEC meeting at the end of the month. He speaks to Manus Cranny on “Bloomberg Markets: Middle East.”

IEA Sees Global Market Awash With Oil In 2017 If No OPEC Cut

The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Agency said on Thursday. In its monthly oil market report, the group said global supply rose by 800,000 barrels per day in October to 97.8 […]

Trump!

Donald John Trump was elected the 45th president of the United States on Tuesday in a stunning culmination of an explosive, populist and polarizing campaign that took relentless aim at the institutions and long-held ideals of American democracy. The surprise outcome, defying late polls that showed Hillary Clinton with a modest but persistent edge, threatened […]

Earth is Angry for a Reason

November is here, which means winter is coming, and so is our demise. Why are we surprised when natural disasters occur? The Earth is simply trying to fight back against the virus we call “humanity.” The overpopulation of the world and carelessness of its inhabitants have caused environmental issues that can’t be ignored. While there is […]

Boone Pickens On Natural Gas: It’s The Way To Defeat OPEC

One way or the other, the world will eventually be forced on to cleaner fuels for its vehicles, so says Bruce Pile, who runs the Marketocracy fund, and so hopes T. Boone Pickens, one of the world’s extraordinary investors who is banking on America’s trucking fleet shifting to natural gas sooner rather than later. Is […]

Kunstler: The Fat Lady Has a Sore Throat

A mighty nausea wells up across the land as the awful day cometh. Who will receive the black spot of fate on Tuesday? I wouldn’t want to be him or her on that dreadful day. The flagship of Modernity has lost its vaunted mojo and nobody knows what to do about it as the USS-USA […]

Energy and the 2016 Presidential Election

In less than a week, the most controversial and acrimonious presidential election in living memory will be over. Energy has largely been a second-tier issue in this contest, although the divergence in the candidates’ views on this vital subject is stark. Fortunately, the energy consequences–planned and unintended–of the last two US presidential elections hold some […]

A Glimpse Into the Future of Technologically Mature Electric Cars

Highlights The introduction of affordable 200+ mile electric cars under existing incentive programs offers a valuable glimpse into the future. In the US, incentives will cover the entire battery pack cost of the Chevy Bolt. In Norway, very large incentives will yield effective battery costs of negative $314/kWh – a massive bargain. Current market shares of […]

Saudi-Iranian Fallout Could Destroy The OPEC Deal

While OPEC is officially communicating that it is ‘deeply optimistic’ that it could reach a deal to stabilize oil prices, and simultaneously scolding industry observers for being too quick to judge and express skepticism, behind closed doors, two of OPEC’s heavyweights and bitter regional rivals – Saudi Arabia and Iran – are reverting to their […]

Why Oklahoma Can’t Turn Off Its Earthquakes

Sunday night’s 5.0 magnitude earthquake that hit Cushing, Okla., is the latest and, in some ways, the most troubling in a series of temblors that has rocked the Sooner State over the past few years. Not only did it strike within a mile of what is arguably one of the country’s most important strategic assets—Cushing is the largest crude oil trading hub in […]

Opec predicts Paris agreement will mean 2029 peak oil

Opec has argued oil demand would peak in 2029 if countries meet their obligations under the Paris climate agreement. In its annual global oil market report, the 14-member cartel, responsible for over a third of the world’s oil production, says its base case is that countries do meet the Paris targets despite trying to curb […]

Oil Price and US Politics: Peak Uncertainty

The political outlook – from the US elections and Brexit to the Middle East – has not looked more uncertain than it does now for at least a decade or two, the economic and political researcher Andrei Belyi told NGW in an interview. “The challenges in the developed world explain the instability in the dollar exchange […]

A deeper look at oil prices after a US presidential election

Election day in the United States is tomorrow, and we’re taking a closer look at how oil prices change right after a new American president is chosen. On Friday, we shared some patterns that emerged when we plotted a series of graphs showing the benchmark spot price of oil (dated Brent) for the 1992-2012 presidential […]

OPEC Chief Says Russia’On Board’ With Deal to Limit Oil Output

Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to the group’s Secretary- General Mohammed Barkindo. Members of the Organization of Petroleum Exporting Countries remain committed to an agreement they reached in Algiers in September to trim output, and cooperation […]

Delhi smog: Respiratory issues along with cases of asthma and allergies on the rise

New Delhi: The smog that has set in post Diwali in the national capital Delhi, has begun to show its dark side, with more cases of people complaining of asthma, allergies, severe breathlessness and other respiratory problems. As the city grapples with the worst smog to hit Delhi in 17 years, doctors and experts say […]

Richard Heinberg: Resilience scripts

This is the first of a series of 22 short videos that explore the interrelated crises of the twenty-first century, and what we as citizens, students, and community leaders can do to respond to them. Over about four hours total, we’ll do the following: 1.     We’ll examine the interrelated crises themselves, in four main spheres: […]

Egypt just massively devalued its currency — here’s what happens next

Egypt’s central bank floated the pound on Thursday in an attempt to stabilize its economy, which has been hampered by a shortage of dollars. The currency was initially devalued by 32.3% to about 13 pounds per dollar, down from the previous peg of 8.8 per dollar, which had been in place since March. It has since […]

Election Chaos Fears Have Preppers Stockpiling Survival Food

In case of an election night Doomsday, preppers are running up sales of emergency survival food. While sales for “long term food” typically see an increase around natural disasters and elections, “this is more intense than what we saw in 2012,” said Keith Bansemer, VP of marketing for My Patriot Supply, a manufacturer and seller […]

20 devastating photos show California’s drought-stricken reservoirs

California is in the middle of its fifth year in drought. Experts say it has been the worst the state has seen in 1,200 years. Dwindling reservoirs, shrinking lakes, and dried-up farm fields dot the state’s landscape — and despite some recent signs of recovery, the overall outlook is still ominously dry. Across the state, […]

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