Kunstler: The Pause That Refreshes

Let’s take a breather from more consequential money matters at hand midweek to consider the tending moods of our time and place — while a blizzard howls outside the window, and nervous Federal Reserve officials pace the grim halls of the Eccles Building. It is clear by now that we have four corners of American […]

Saudi Crown Prince Flies To Washington To Meet With Donald Trump

Saudi Deputy Crown Prince, Mohammed bin Salman, responsible for the kingdom’s reforms, left on Monday for Washington to meet President Donald Trump on a visit expected to pitch the world’s top oil exporter as an attractive investment destination. It will be the first meeting since Trump took office in January between the U.S. President and […]

Trillion-dollar question looms as Aramco audits oil reserves

* One auditor working towards completing report by year-end * Listed reserves haven’t changed in nearly 30 years * Falih says reserves could be bigger than those already booked * Disclosures likely to resemble those of BP and Shell * Market will not get detailed information by field – sources When Saudi Aramco reveals a […]

Saudi Arabia Won’t Let Oil Head Back To $20s Again

Saudi Arabia and American frackers are gearing up for the second oil war. It will take oil lower, but not back to $20 again. Saudi Arabia has kept its promise. It has cut oil output by 486,000 barrels a day, in line with the OPEC agreement the Kingdom pulled together last October, helping oil stabilize above […]

The Strategic Triangle That Is Changing The World

While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for […]

Southern Communities Brace for the Impact of Big Oil’s Expansion Plans

President Donald Trump kicked off this week with a Monday morning tweet hailing — and seeming to wrongly take credit for — Exxon Mobil’s plan for a $20 billion expansion of its refineries, chemical plants and liquefied natural gas operations along the U.S. Gulf Coast. “We are already winning again, America!” Trump tweeted after the Texas-based company released the latest […]

Fukushima nuclear crisis still unfolding 6 years on

While Japan yesterday marked the sixth anniversary of the 2011 earthquake and tsunami and the subsequent Fukushima nuclear disaster, how the aftermath has been dealt with has drawn much attention and concern from all over the world. Tokyo Electric Power Company Holdings Inc (TEPCO), operator of the crippled Fukushima Daiichi nuclear plant, has said it […]

Saudi Arabia and the war on shale oil that never ended

Last week when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from American shale deposits, it was another sign that the Saudi war on shale actually never ended. To properly understand this announcement, we need to return […]

When This All Blows Up…

This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious […]

Life Coach and Author Carolyn Baker Tosses a Lifeline to Depressed Collapsitarians

In this historical first interview ever on the new and improved Humptydumptytribe, your old Depressed Collapsitarian sits down and chats with life coach and author Carolyn Baker about the state of the planet, and what we can do to keep from falling into existential despair when we think about it too much. If you would […]

Shell to develop transition framework over next two decades

Royal Dutch Shell plans to shift its business model in the next several decades to a mix of renewables and traditional fossil fuels, said Shell CEO Ben van Beurden, during a keynote address given Thursday at the 2017 CERAWeek conference in Houston.  The shift, he said, will enable the company to  focus on creating less […]

Could Saudi Arabia Cancel Aramco’s IPO?

As oil prices decline, the lead underwriters of Saudi Aramco’s initial public offering (IPO) must be wondering if the Saudi government will change its mind about privatizing the company in 2018. U.S. crude fell again on Thursday, settling at $49.28 per barrel, lowest close since November. Fitch Ratings revised their WTI crude oil price forecasts […]

Peak Oil — The Game

Peak Oil on BoardGameGeek: https://www.boardgamegeek.com/boardga…

Can China Lead The World Economy?

Summary China is routinely presented in media as the world’s next economic leader. It has delivered impressive GDP growth. However, it is not as developed as its image in media suggests. Also, it does not innovate. Its growth may not continue as expected due to the rise of automated manufacturing. China is routinely presented in […]

DOE economist talks SPR exports, storage and sales

The presenter who arguably received the best questions at Wednesday’s Crude Oil Quality Association meeting in New Orleans was the US Department of Energy’s economist, Kenneth Vincent. His presentation was part overview, such as the locations of the four salt caverns that hold the more than 700 million barrels of US oil – Texas and […]

The Conflict Within The Deep State Just Broke Into Open Warfare

The battle raging in the Deep State isn’t just a bureaucratic battle – it’s a war for the soul, identity and direction of the nation. When do the unlimited powers of the Intelligence/Security agencies threaten America’s domestic and global national interests? The CIA and its political enablers claim the agency’s essentially unlimited powers, partially revealed […]

Canada Oil Dependence on US Loosens in Age of Donald Trump

The Canadian oil patch’s half-century bond to the U.S. market is loosening one tanker load at a time in Donald Trump’s “America First” era. Last month, a ship loaded oil off Newfoundland and set sail on a 10,000-plus nautical mile journey to China, following on the heels of an oil sands cargo shipped from the U.S. […]

The king of Saudi Arabia’s Asia tour

The size of Saudi King Salman’s entourage on his tour of Asia has been stealing the show, but there are big business and political priorities that are driving this month-long journey. Those priorities can be broken down into three categories: Energy, diversification and geopolitics. But the overarching theme is: Asia is a big deal to […]

The Refugee Crisis Is a Sign of a Planet in Trouble

The plight of immigrant families in the United States facing threat of deportation has provoked a massive compassionate response, with cities, churches, and colleges offering sanctuary and legal assistance to those under threat. It is an inspiring expression of our human response to others in need that evokes hope for the human future. At the […]

Shell CEO: Peak oil demand could arrive in late 2020s

The global demand for oil could peak as soon as the late 2020s as the world continues to rely more on natural gas and renewable energy sources, Royal Dutch Shell CEO Ben van Beurden said Thursday at the CERAWeek by IHS Markit conference in Houston. Van Beurden acknowledged he disagrees with many of his energy […]

Bakken January Production Data

North Dakota has published January production data for the Bakken and for all North Dakota. Bakken production was up 37,617 bpd to 932,817  bpd while all North Dakota’s production was up 37,972 to 980,294 bpd. Bakken bpd per well was up 3 to 86 while the average bpd per well for all North Dakota wells […]

Oil could flow through the Dakota Access Pipeline as early as next week.

On Tuesday, a U.S. district judge denied a motion to stop construction of the final piece of the pipeline, which had been filed by the Standing Rock Sioux and Cheyenne River Sioux Tribes. While disappointing to the tribes, the ruling is narrow. It only concerned the tribes’ claim that oil spilled by the pipeline in Lake Oahe […]

How Russian oil giant Rosneft could claim U.S. oil

Rosneft, an oil corporation majority-owned by the Russian government, says it has the right to claim an ownership stake in U.S. oil company Citgo Petroleum if Citgo’s cash-strapped parent company defaults on billions in loans, according to a lien Rosneft recently filed in Delaware. If that claim succeeds, Rosneft, which is run by one of […]

Why $50 is more likely to be a ceiling than a floor for the oil price

OPEC’s production cut agreement is not yet succeeding in driving down supply, suggesting that $50 per barrel oil may turn out to be a market top, industry experts told CNBC on Thursday. The predictions follow Wednesday’s slump in oil prices when the benchmark WTI and Brent indices both tumbled over 5 percent to close the […]

High-rises could be hit hard by blackouts

APARTMENT prices could drop over the threat of more frequent blackouts, which can cause chaos among residents stuck in lifts and without airconditioning. Power outages can create headaches for apartment dwellers who are left without access to lifts, or stuck inside them, when the lights go out. It’s a problem that could start to impact […]

‘Decade of Disorder’ Looms Without Global Energy Investments, Says Former EIA Chief

Global oil markets are facing down a “decade of disorder” if long-term supply projects aren’t put into the pipeline, a former chief of the Energy Information Administration (EIA) said Tuesday. Adam Sieminski, who headed EIA from June 2012 until January, discussed global supply trends during a panel discussion in Houston on the second day of […]

Saudi Arabia Warns Oil Market: ‘Will Not Allow Itself To Be Used By Others’

Asia “is still thirsty for oil” and demand for petroleum imports will continue to grow steadily in the developing world Khalid al-Falih said, “Saudi Arabia will not allow itself to be used by others. Khalid Bin Abdulaziz Al-Falih, Saudi Arabia’s energy and industry minister, speaks during the 2017 IHS CERAWeek conference in Houston, Texas, on Tuesday, […]

Counter-Coup Spookmaster Dr. Steve Pieczenik Discusses Destruction Of CIA And Game Changing Implications Of #Vault7

This is as close to a real life spy novel as you’re going to get… Dr. Steve Pieczenik is a legend. For those of you who don’t know – he’s the guy Tom Clancy based Jack Ryan on. He’s served 5 U.S. Presidents (Nixon, Ford, Carter, Reagan and the 1st Bush) and was co-founder of Delta Force. Pieczenik served as […]

Lebanon looks to develop oil industry

A major energy summit is being held in Lebanon, where politicians and business leaders are discussing how to kick-start the oil industry. Huge reserves of gas and oil lie beneath Lebanese waters in the eastern Mediterranean, but years of war and political problems have prevented efforts to tap those resources. “With these oil reserves we […]

Preparing for Emergencies with Wind, Solar, Energy Storage, and Microgrids

Resilience is a character trait that is universally admired and respected in people. In recent years, it has also gained attention as a new imperative for infrastructure planning and development. In the wake of Superstorm Sandy and other recent natural disasters, there is heightened awareness that one of the essential components of resilience is the […]

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