Iran Reports 15 Billion Barrel Oil Find

Iran has struck new crude oil reserves totaling 15 billion barrels of which 2 billion barrels are recoverable, according to the managing director of the National Iranian Oil Company Ali Kardor. Along with the crude, there were 1.8 trillion cu m of natural gas in the new deposits, details of whose location were not divulged. […]

U.S. East Coast Has a Growing Appetite for Foreign Oil

Imported crude oil is cheaper than domestic alternative Start of Dakota Access Pipeline to make Bakken less attractive U.S. East Coast refineries, which have thrived for a few years on a boom of production from the Bakken shale play in North Dakota and eastern Montana, are increasingly looking abroad to supply their needs. Last year […]

US Could Export More Oil Than OPEC Countries In 2017

The U.S. may export more oil in 2017 than four OPEC member states produce, according to a survey of energy analysts by Bloomberg. The U.S. is already outproducing Libya, Qatar, Ecuador and Gabon; in 2017, U.S. companies could ship more oil overseas than those OPEC nation pump out of the ground, according to Bloomberg. “The […]

If we are reaching neoliberal capitalism’s end days, what comes next?

It is unfashionable, or just embarrassing, to suggest the taken-for-granted late-modern economic order – neoliberal capitalism – may be in a terminal decline. At least that’s the case in what former Australian prime minister Tony Abbott likes to call the “Anglosphere”. What was once known as the Chicago school of economics – the neoclassical celebration […]

NOAA Whistleblower Claims World Leaders Fooled By Fake Global Warming Data

Dr John Bates’ disclosures about the manipulation of data behind the so-called ‘Pausebuster‘ paper is the biggest scientific scandal since ‘Climategate’ in 2009 when, as Britain’s Daily Mail reported, thousands of leaked emails revealed scientists were trying to block access to data, and using a ‘trick’ to conceal embarrassing flaws in their claims about global […]

Who Are the Anarchists?

Why Resistance Is Coming from Below America is in the throes of crisis. Polling as the least popular starting President in history, Donald Trump has taken the reins and intends to force his agenda on the world by brute force. Alongside him, outright white supremacists are coming out of the woodwork, convinced that their time […]

Tech billionaires are building boltholes in New Zealand because they now fear social collapse or nuclear war

You’re all set — your bags were packed long ago, there’s a dozen solid gold coins stashed inside your belt and a pistol strapped round your waist. There’s no need to say goodbye to the wife and children as they’re already waiting for you 6,000 miles away in New Zealand, having slipped off quietly at […]

TEPCO Admits Fukushima Radiation Levels Reach Record Highs As Hole In Reactor Discovered

With just 3 years left until the 2020 Olympics, Japan is likely desperate to reassure the world’s athletes that all is well, but an admission from TEPCO – the Fukushima nuclear plant operator – that they discovered a hole at least one square meter in size beneath the reactor’s pressure vessel, and lethal record-high radiation […]

Population will soon hit 8 billion. Here’s why that scares people

Any day now, global population will hit 7.5 billion. Experts predict that we humans will reach 8 billion in number sometime around the year 2024. Does that fact fill you with trepidation? Chances are that it does, even though it’s only a number, after all. “8 billion” says nothing about innovations in agriculture or renewable […]

Peak Oil, fudged figures and the Saudi audit

Hardly a decade ago, Peak Oil debate was holding the global centre-stage. Pundits were concerned. Questions were being raised, about the world’s largest oil field, Ghawar and its capacity and potential to keep on producing crude at the current levels. Measuring 280 by 30 km (174 by 19 miles), Ghawar has been producing crude for […]

Viral Conspiracies

“Now that President Trump has brought fake news out into the open, is it safe to call bullshit on the 9/11 story?” When we watch the near-hysteria going on in the United States as the country tries to come to grips with the consequences of its recent choice of government we notice how completely out […]

Dollar Or Iran? Oil Needs A Serious Catalyst To Breakout

Oil traded in a painfully dull range yet again this week through Thursday ($54.34 / $52.24) after managing just a $4.53 range in January ($55.24 / $50.71.) The market remains caught between preliminary OPEC data which revealed significant production cuts from six members and Russia in January and poor US data which continues to show […]

More Bad News For Coal, Another Rosy Report For Clean Energy

Imperial College London has more bad news for coal and oil, too. The school’s Grantham Institute has paired with the Carbon Tracker Initiative to crunch the numbers, and the results ain’t pretty. The researchers are basically accusing fossil energy companies of using alternative facts to project relatively slow growth in the clean energy sector. The […]

The War Against Ordinary Americans

Paul Craig Roberts The Saker is a level-headed person. I take it seriously when he spells out the threat to Trump’s presidency presented by the paradoxical alliance of the ruling oligarchs with what purports to be the “liberal/progressive/left.” It is amazing that the “liberal/progressive/left” are aligned with war and not with peace and are aligned […]

Low-Eroei Manifesto: A First-person-view of the Nomadic State-of-Being

A First-person-view of the Nomadic State-of-Being 1. THE STAGE FULL OF ANONYMOUS MATERIAL I was born a year before the UN commissioned report Our Common Future more or less defined the term sustainable development 1. There have been scientists ever since the 19th century who have warned about the green house effect caused by extensive […]

Iran Carries Out New Missile Tests After Trump Imposes Sanctions

Iran carried out further missile tests during an annual military exercise, a day after President Donald Trump imposed fresh sanctions on a raft of individuals and companies in response to the country test-firing a ballistic rocket last week. The country successfully tested a range of land-to-land missiles and radar systems during the drills in a […]

How Innovation Could Bring Us to Peak Oil by 2020

Energy companies are grossly underestimating low-carbon advances with a business-as-usual approach says a new report co-authored by the Grantham Institute at Imperial College London and the Carbon Tracker Initiative. The report also points to the falling costs of electric vehicle and solar technology as having the potential to halt the growth in global demand for […]

‘Biggest Oil Find’ of 2016 Puts Crown Jewel Texas Oasis in Crosshairs for Fracking

Travelers crossing the long stretch of arid desert spanning West Texas might stumble across an extraordinarily improbable sight — a tiny teeming wetlands, a sliver of marsh that seems like it should sit by the ocean but actually lays over 450 miles from the nearest coast. This cienega, or desert-wetlands (an ecosystem so unusual that its […]

Iran thumbs nose at Washington on oil

Iran says it’s still getting more of its oil to the international market despite Washington’s latest policy stance. Photo by Pepj/Shutterstock Feb. 3 (UPI) — Iran is still able to get its crude oil to the international market and increase production despite souring U.S. relations, an Iranian official said Friday. The White House is expected […]

OECD Oil Production

OECD Fig 1 The OECD has only 4 significant oil producers: the USA, Canada, Mexico and Norway. The UK has now become a small player with production ~ 1 Mbpd alongside small producers Denmark and Australia. The revival in OECD oil production began at the beginning of 2012, led by US light tight oil (LTO) […]

The Keystone XL Pipeline: A Risky Bet on Higher Oil Prices and Tight Oil

Opponents of the Keystone XL and Dakota Access pipelines hold a rally as they protest President Donald Trump’s executive orders advancing their construction, at Lafayette Park next to the White House in Washington, DC, on January 24. (SAUL LOEB/AFP/Getty Images) The Keystone XL Pipeline is a bet on much higher oil prices several years from now. […]

Peak Uranium by Ugo Bardi from Extracted: How the Quest for Mineral Wealth Is Plundering the Planet

Figure 1. cumulative uranium consumption by IPCC model 2015-2100 versus measured and inferred Uranium resources [ Figure 1 shows that the next IPCC report counts very much on nuclear power to keep warming below 2.5 C.  The black line represents how many million tonnes of reasonably and inferred resources under $260 per kg remain (2016 […]

How I came to Realize I was Wrong About Peak Oil – F. William Engdahl

Dr. Richard Presser recently shared a newsletter on his blog from William Engdahl which for some may provide ground-breaking information about oil and gas. I heard some time ago that there is nothing “fossily” about fossil fuels and this research supports that. It was just more “junk science”. It’s the old “rare and costly” scheme […]

Kunster: The Purpose of Decadence and the Pleasures of Coercion

I guess you’ve noticed by now that the center didn’t hold. Instead of a secure platform for political premises like tradition, precedent, rationality, and cultural norms, you see a fiery maw of sheer emotion between the camps of the so-called Left and the so-called Right. I say so-called because the campus Left and the Trump […]

The world’s tallest vertical garden in Sydney

Inhabitat has a post on Sydney’s coolest green building, Central Park (it’s actually been up for a few years now but the picture gallery is worth a look) – The world’s tallest vertical garden lives and breathes in Sydney. The world’s tallest vertical garden now graces the Sydney skyline in the form of a towering […]

Irreversible Damage – The U.S. Economy Cannot Be Repaired

As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness […]

Soros Insider Demands Military Overthrow Trump

A former Obama administration official, now linked to a Soros-funded foundation, has suggested Donald Trump be declared mentally unfit to hold office or overthrown in a military coup.Rosa Brooks, who served as Counselor to the Under Secretary of Defense for Policy from 2009-2011 and as a senior adviser in the State Department, outlined four ways to […]

Electric Cars Could Cause Oil Market Disruption on Par With OPEC

The growth of battery-powered cars could be as disruptive to the oil market as the OPEC market-share war that triggered the price crash of 2014, potentially wiping hundreds of billions of dollars off the value from fossil fuel producers in the next decade. About 2 million barrels a day of oil demand could be displaced […]

Khamenei ally says useless for U.S. to threaten Iran over missile test

A top adviser to Supreme Leader Ayatollah Ali Khamenei said on Thursday Iran will not yield to “useless” U.S. threats from “an inexperienced person” over its ballistic missile program. U.S. President Donald Trump’s national security adviser, Michael Flynn, said on Wednesday the United States was putting Iran on notice over its “destabilizing activity” after it […]

The Road to Fossil Fuel Dependence

A friend of mine recently said that he found it easier to imagine the end of the world than to imagine the end of capitalism. I thought about this idea a great deal as I was doing research for my book “Food Fight: GMOs and the Future of the American Diet.” The deeper I looked, […]

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