Will The CIA Assassinate Trump? Ron Paul Warns Of “More Powerful, Shadow Government”

It isn’t just that Donald Trump routinely thumbs his nose at the establishment, insults media figures he sees as unfair and bucks conventional wisdom. It is that President-elect Trump is defying the will of the deep state, military industrial complex base of ultimate power in the United States. That is why he is treading dangerous […]

OPEC’s Production Cut: Who Will Cheat First?

There was one significant part of last year’s OPEC deal that was absent, and it may prove to be its undoing. Just weeks into the deal and days from a first inspection, there are rumours not everyone is playing by the rules. On the face of it, reports are positive. Output fell in December from […]

How I Survived Collapse: Chapter 11

The dinner with Kirsten had really thrown Kenny for a loop.  He still couldn’t quite believe she wasn’t playing a practical joke on him, but when she offered him to come back to her dorm room and kissed him goodnight, he had to start thinking it was for real.  He didn’t take her up on […]

The Church of England Conditionally Backs Fracking

The Church of England has conditionally backed fracking in the UK but warned that any development of shale gas reserves in the country must not distract or delay efforts to expand low-carbon renewable energy. In a recently released briefing paper, the Church accepts that a robust planning and regulatory fracking regime is possible, but states […]

Expert warns of Arctic drilling risks

A highly acclaimed Oxford professor who’s considered an expert on energy research has thrown cold water on Norway’s hopes for a new oil era in the Arctic. Dieter Helm doesn’t think oil prices will rise much higher and are more likely to fall, making costly oil investments in the Barents Sea unprofitable. Environmental activists have been at the forefront of […]

BP predicts “peak oil” will hit between 2025 and 2040

Oil major BP has outline six main trends which could “shape the future” of energy. The company said energy transitions this year will look at a “dominant fuel” with gas growing faster than any other fossil fuel. It will see a sharp change in price coupled with such agreements like the 2015 Paris agreement which […]

Oil Production Here Is Declining Faster Than Anywhere On Earth

Series of important warnings emerging in the oil sector this week. With several sources noting that production is taking a steep nosedive — in one particular part of the world. Asia-Pacific. Industry specialists Wood Mackenzie released data Monday showing that Asian crude output is falling notably. In fact, the decline is substantially greater than production […]

Saudi Arabia’s giant oil IPO on track for 2018

The world’s biggest oil company, Saudi Aramco, is still planning to go public next year. “We’re still looking at 2018 and no change in our plan to deliver in that time,” Aramco CEO Amin Nasser told CNNMoney’s John Defterios at the World Economic Forum in Davos. Saudi Arabia revealed plans to sell part of its […]

Exxon Bets Big on American Oil

Exxon Mobil (XOM) has joined a growing list of oil producers who are expanding in the Permian Basin of Texas, betting that America’s shale boom is far from over. The world’s largest publicly traded oil company inked a deal with the Bass family of Fort Worth, Texas, to double its footprint in the Permian. Exxon […]

China’s Oil Collapse Is Unintentionally Helping OPEC

OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer. China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016, according to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc. That’s about the same size […]

How robots will save the economy

When countries around the world face a rapidly ageing workforce, machines will help to fill the gap Image Credit: AP     The United Nations forecasts that the global population will rise from 7.3 billion to nearly 10 billion by 2050, a big number that often prompts warnings about overpopulation. Some have come from neo-Malthusians, […]

The Bomb That Never Detonated

On the 1970s, Paul Ehrlich, overpopulation, and why poverty is mostly caused by bad ideas and lack of virtue, not lack of resources. James V. Schall, S.J. us.fotolia.com/bagotaj I. Back in the early 1970s, in the heyday of unceasing rancor over Humanae Vitae, a great number of books were published that prophesied disaster for the human race. […]

China’s crude oil output will fall 7 percent by 2020

China’s crude oil output is expected to drop by 7 percent by 2020 compared with the previous five-year plan as output from some of the nation’s largest, but oldest, wells falls, while natural gas supplies will rocket by almost two-thirds. Under a plan covering the period 2016-2020 published by the National Development and Reform Commission […]

Kemp: US Oil, Gas Industry Has Turned The Corner

U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. Domestic oil and gas production hit a trough in the first half of 2016 and showed signs of rising in the second half as drilling picked […]

Peak Oil is Baaaack

A great report published last year by HSBC called: Global oil supply – Will mature field declines drive the next supply crunch? https://drive.google.com/file/d/0B9wSgViWVAfzUEgzMlBfR3UxNDg/view They make a good many points frequently hammered on by Chris: Based on our supply model, we estimate that 81% of world liquids production is already in decline, excluding future redevelopments. However, […]

Here’s Looking At You, 2050

The 21st century is still just a teenager, but we can already forecast with a fair degree of confidence what its demographic profile will look like by 2050. Population growth will have slowed down. Global aging will have risen to unprecedented levels. Birthrates will drop. The working-age share of the world’s population will shrink. Poverty […]

Saudi Pledges Adherence to Oil Cut, Confident Others Will

Saudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC’s plan to prop up prices would work. Saudi Energy Minister Khalid al-Falih, speaking at an industry event in Abu Dhabi, also said he was encouraged by signs […]

Kunstler: The Cheeto Cometh

I dunno about you, but I rather enjoy watching the praetorian Deep State go batshit crazy as the day of Trump’s apotheosis approacheth. I imagine a lot of men and women running down the halls of Langley and the Pentagon and a hundred other secret operational redoubts with their hair on fire, wondering how on […]

Energy Independence: Why Bother?

It doesn’t make economic or geopolitical sense. In a global economy where we drive cars built in Japan, work on computers made in China and eat shrimp caught and peeled in Thailand, why do we hesitate to use oil pumped in Saudi Arabia? Do we fear oil shortages or embargoes? We’ve weathered those before. The […]

Without a bucket to RCP in

“The only thing holding this global tsunami back is the cold depth of the deep blue sea.“   We are in a crisis of civilization but most people, by and large, have not realized it yet. It is as if we are a prizefighter in the ring with a stronger opponent and we have just […]

Expert Opinion

In August, I mentioned that I had chosen the title “Political Reality” for my memo in part because of my liking for oxymorons.  I classed that title with other internally contradictory statements, such as “jumbo shrimp” and “common sense.”  Now I’m going to discuss one more: “expert opinion.” This memo was inspired by a thought […]

Neoliberals know the price of everything and the value of nothing

My father likes to say that some people know the price of everything and the value of nothing. The same could be said of the neoliberals of the world, who–in case you missed my previous piece–are now transcendent in most policy circles across the world. To review, the neoliberal agenda is one of deregulation, unfettered […]

U.S. Shale’s Great Reawakening

OPEC and its friends have just received some uncomfortable reading. The latest forecasts from the U.S. Energy Information Administration suggest that their agreements to boost prices and hasten the rebalancing of oil supply and demand by cutting output may bring the U.S. shale industry out of hibernation faster than they might like. The EIA’s monthly […]

Coconut: Depletion of trees raises fear of extinction

Coconut farmers have raised the alarm over the imminent depletion of coconut trees, if urgent steps are not taken by stakeholders to urgently block the identified loopholes. Nigeria currently ranks 18th on the world coconut production country index and produces 265,000 metric tonnes of coconut annually, with Badagry, Lagos State, ranking as number one, leading […]

Peak Uranium: the uncertain future of nuclear energy

  Alice Friedmann recently posted on her blog “Energy Skeptic” a summary of the discussion on nuclear energy from my book “Extracted” (Chelsea Green, 2014). It is a well-done summary that I am reproducing here. Note that the text below mixes some of the considerations of the main text (written by me) and of one […]

Thomas Malthus on Population, Passions, Property and Politics

Those of us who have been fortunate enough to have been born in what is often still referred to as the Western World (Europe and North America) rarely appreciate the historical uniqueness of our material and related cultural well being compared not only to many still around the globe today, but relative to those who […]

Tillerson Tells Congress Neither He, Nor Exxon Lobbied Against Sanctions

Rex Tillerson, who recently gave up his post as CEO of Exxon Mobil Corp., told Congress during his Secretary of State confirmation hearing he’s made a clean break from his private sector life. “My love of country and my patriotism will dictate that I serve no one else but the American people,” he said. Tillerson […]

Oil – Past, Present, And Future King Of Energy

Summary Several articles on Seeking Alpha have recently proclaimed the imminent decline of oil – I disagree. Oil demand is strong and will continue to grow. Numerous research groups agree, oil demand will grow, not decline. Being an avid student of energy and an energy investor, I spend a great deal of time reading and […]

The ‘Circular Economy’ Is More Than Davos-Speak

The “circular economy” may have started off as a pie-in-the-sky concept, but in the last few years, it’s come into its own. With the world population expected to balloon to nearly 10 billion in 2050, business leaders are increasingly embracing the idea that their products and processes need to be more resource-efficient. Traditionally the economy […]

The coming famine: Russia, peak oil and the collapse of cheap food

I’ve gotten a couple emails from people who have asked me what I think the “end game” is in regards to Russia. And, indeed, the government is going into extra innings with this whole Russia vilification project. This is worse than someone who has held on to a grudge for years. The government does that, […]

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