In a move that is certain to infuriate those who see Trump as nothing more than a puppet of the Kremlin, moments ago NBC reported that Rex Tillerson, CEO of Exxon Mobil and late entrant into the SecState race after his first meeting with the president elect this past Tuesday at the Trump Tower, has […]
Summary EIA recently released the 2016 Annual Energy Outlook. I look at EIA’s past projections and compare with reality. What does this mean for an Energy Investor? Every year EIA releases an Annual Energy Outlook. Here are the projections from the 2016 EIA Annual Energy Outlook expressed as a percent of total power generation. Source […]
President-elect Donald Trump said Sunday that “nobody really knows” whether climate change is real and that he is “studying” whether the United States should withdraw from the global warming agreement struck in Paris a year ago. In an interview with “Fox News Sunday” host Chris Wallace, Trump said he’s “very open-minded” on whether climate change is […]
The entire Pacific Coast of the United States, Canada and Mexico has been contaminated with radioactive particles from Fukushima. And finally, it is being officially acknowledged. This is really happening… It is a stark reminder that the effects from Fukushima radiation continually spilling into the ocean have not been abated. The site continues to leak […]
The Arab Strategy Forum will take place on Wednesday in Dubai. Under the direction and patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the Arab Strategy Forum will take place on Wednesday in Dubai. The forum will host a group of leading […]
Up to two billion people live in countries affected by violence, conflict and fragility. Often, such political instability goes hand in hand with food insecurity. “Conflicts have pushed over 56 million people either into crisis or emergency levels of food insecurity”, Kimberly Flowers, Director of the Global Food Security Project, said at this years’ John […]
Glenn Waller, the head of ExxonMobil operations in Russia, said on Tuesday that the company will return to its joint oil project with Rosneft in the Russian Arctic once sanctions against Moscow are lifted. The oil major had to withdrew from the drilling project with Rosneft in 2014 when the West imposed sanctions against Moscow […]
When monetary control is centralized, as it is today, prosperity withers. The Wall Street Journal just surveyed top hedge fund managers and found a significant belief that full-fledged, global ruin is on its way. Tamper with freedom, monetarily or otherwise, and you end up facing catastrophe. That’s just where we are today. The managers pointed […]
Hurricane Ivan would not die. After traveling across the Atlantic Ocean, it stewed for more than a week in the Caribbean, fluctuating between a Category 3 and 5 storm while battering Jamaica, Cuba, and other vulnerable islands. And as it approached the US Gulf Coast, it stirred up a massive mud slide on the sea […]
Operation Inherent Resolve supported Iraqi security forces with airstrikes Dec. 8, 2016 that aimed to destroy 168 Da’esh oil tanker trucks in central Syria to degrade Da’esh revenue sources to fund terrorism. DVIDS (Photo: Stephane de Sakutin, AP) U.S. warplanes destroyed a fleet of 168 oil tanker trucks in Syria in the largest strike in […]
On Wednesday afternoon I was driving southeast from Houston in the direction of the Houston Ship Channel and its dozens of oil refineries and petrochemical plants. The air here is cleaner now than in decades past, thanks in large part to tighter federal air requirements. And despite regulations, Houston’s Refinery Row continues to grow, processing […]
(Photo: AP) For the first time, seaborne radiation from Japan’s Fukushima nuclear disaster has been detected on the West Coast of the United States. The levels are very low and shouldn’t harm people eating fish from the West Coast or swimming in the ocean, according to Ken Buesseler, a senior scientist at Woods Hole Oceanographic Institution. “To put […]
The world’s population is exploding and is expected to reach 10 billion people in 2050. Global farmers can’t keep up with demand, raising fears that the world could face a food shortage, and more people are relying on controversial GMOs to feed themselves as a result. Bee Vectoring Technologies (BVT), a Canadian based start-up with […]
Arab youths are suffering from pervasive social exclusion, the highest unemployment levels in the world, and low female labour force participation, the Arab Human Development Report for 2016 has found. The annual report, entitled Youth and the Prospects of Human Development in a Changing Reality, was launched at the American University of Beirut in late November by […]
Giraffes are now at risk of extinction as their numbers reportedly dropped by 40 percent in the last 30 years. With all the attention on global warming and climate change, many were surprised to find giraffes slowly disappearing. Scientists believe that if their population declines further, giraffes will be vulnerable to extinction. Known for their […]
The past year has been a rough one. The evidence was relentless: We lost David Bowie, Prince, Muhammad Ali, and a host of other beloved cultural figures died. There was Brexit, Zika and Harambe. Mass shootings and police shootings left a trail of incomprehensible death and destruction. All of this took place against the rage-filled backdrop of the 2016 presidential election, […]
The term Anthropocene is geological shorthand for a world of carbon-induced climate havoc — i.e., the world in which we now live, a world where, given the frightening pace of global warming, all bets are off. (By last summer, the hottest on record, mass coral bleaching was racing through the world’s oceans, with more than […]
By Dominique Browning The nomination of Oklahoma Attorney General Scott Pruitt to head the U.S. Environmental Protection Agency (EPA) is unprecedented. Whether you are a Republican or a Democrat, it is a travesty—because Pruitt has vigorously used his office to derail and obstruct clean air safeguards that are broadly supported by Americans in red and […]
Russia will seek discussions at a planned meeting with OPEC on Saturday about how the group will fully comply with production cuts, following an increase in its November oil output, said a government official. Russia will fulfill its pledge to cut production by as much as 300,000 barrels a day, if the Organization of Petroleum […]
Do you think solar panels are only for the affluent and for a small circle of elite environmentalists? Maybe that used to be the case, but not anymore! Community solar is here to turn that image upside down by offering solar benefits to all. First of all, let’s start by considering conventional energy production. Apart […]
Both Saudi Arabia and the UAE, two of the Middle East’s biggest powerhouses, are establishing a roadmap for economic development based on reduced reliance on oil. Top experts discussed what they see as the plan’s biggest challenges and opportunities with Bloomberg’s Riad Hamade at the Bloomberg Markets Most Influential Summit in Abu Dhabi on December […]
Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments. If we want any kind of specialization, we need some sort of long-term obligation that will make that […]
Royal Dutch Shell has signed a provisional agreement to develop oil and gas fields in Iran, a move that could signal energy companies will not be deterred from doing business with the Islamic Republic despite uncertainty whether a Trump administration will scrap a nuclear deal agreed to by world powers. A spokesman for Shell said […]
Agenda 2030 is being rolled out to condition the populace to accept total government control in all aspects of life with no possessions and no privacy. Alex Jones breaks down the elites latest developments to manage your life, destroy the middle class, and engage in mass population eradication. Aldous Huxley – Speech at UC Berkeley, […]
For the first 11 months of the year, OPEC talked oil prices up, but by December it became clear that oil prices were not going to rise higher on mere promises, and so OPEC announced a deal to cut production in their Algiers meeting on November 30. Crude oil promptly responded by rallying 12% since […]
The Economist has a look at the slide towards deglobalisation in their “World In 2016” edition – Bolshiness Is Back. I’m not sure raising the spectre of Lenin and communism makes much sense though, given that the global left is basically dead and the threat to the liberal order is coming entirely from right wing […]
Interview with Edward Snowden by Steven Erlanger Q. There’s a campaign for President Obama to pardon you before he leaves office. For many people, you’re a whistle-blowing hero, and for many other people you’re a traitor who broke your oath and betrayed your country. Having knowingly broken the law and fled the jurisdiction of the […]
Yes, it’s true. Middle East net oil exports are less than they were 40 years ago. How could this be? Just yesterday, Zerohedge released a news story stating that OPEC oil production reached a new record high of 34.19 million barrels per day. To the typical working-class stiff, driving a huge four-wheel drive truck pulling […]
The EIA has just released its Short-Term Energy Outlook. Some of their projections should be taken with a grain of salt because they usually change every month. Nevertheless… All US production is Crude + Condensate. All other production numbers are total liquids. The data is in million barrels per day. The EIA has US production […]
Forget peak oil, the world is about to reach peak diamond – and it’s coming soon. Global rough diamond production will reach a pinnacle in three years before entering into a supply deficit by 2020, according to research from consulting group GlobalData. Rough diamond production is set to rise from 127m carats last year to […]
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