What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?

Have you ever thought about what comes after the bubble?  In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity.  But of course the truth […]

The American Empire And Economic Collapse

Despite the widespread hope among libertarians, classical liberals, non-interventionists, progressive peaceniks, and all those opposed to the US Empire that it may have some of its murderous reins pulled in with the election of Donald Trump, it appears that such optimism has now been dashed.  While the hope for a less meddlesome US foreign policy […]

Coal’s Dirty Secret

The world’s biggest coal exporter has a problem. Demand for the dirtiest fuel is on the wane. The International Energy Agency — which has tended to overestimate coal production, and underestimate renewables — doesn’t expect consumption to regain its 2014 levels until 2021. Investment in new mines is “drying up,” according to its latest market forecast. […]

The oil market is finally starting to make sense

Companies that provide oil and gas drilling services had to lower prices for their clients during the most recent oil crash. Some oil-field services providers lowered prices for offshore drilling by as much as 50%, toward levels that would have made their businesses unprofitable, according to Reuters. Drilling prices, however, are starting to stabilize and […]

Oil could turn south again to the low $40s,

Several factors are conspiring to keep a lid on oil — and could even send prices sharply lower, analyst John Kilduff told CNBC on Monday. A recent rally — nearly 5.5 percent for West Texas Intermediate crude — has U.S. shale producers coming back online, said Kilduff, a founding partner of energy and metals specialist […]

A Squabble at Iraq’s Oldest Oil Field Could Rock Global Supplies

A territorial dispute in northern Iraq threatens to disrupt oil output at a field containing as much crude as Norway, even as U.S.-backed forces prepare what could be a decisive blow against Islamic State militants in the nearby city of Mosul. Kirkuk, where Iraq first discovered oil in 1927, can produce more than 1 million barrels […]

The Cool Lab

“Is it possible that technology no more complicated than an Easy Bake Oven — one that pays for itself — can reverse climate change?“ Permaculturally, the first stage of any design is protracted observation. What does a biological system have in over-abundance? What is scarce? How will it restore balance? What are the obstacles? Let […]

The Externality of Avoiding Fossil Fuels

Capital-intensive clean energy technology is not well suited to developing world growth. Reduced growth rates in poor countries have indirect costs in terms of slower gains in life expectancy and well-being. Large costs were calculated in a hypothetical scenario where coal power plant growth is replaced by nuclear or solar PV; Nuclear replaces coal: $312/ton CO2 […]

Kunstler: Musktopia Here We Come!

It ought to be sign of just how delusional the nation is these days that Elon Musk of Tesla and Space X is taken seriously. Musk continues to dangle his fantasy of travel to Mars before a country that can barely get its shit together on Planet Earth, and the Tesla car represents one of […]

Why to prefer pipelines

Want to protect Pennsylvania’s environment and strengthen its economy? Build more pipelines. Despite the emotion-filled protests charging that pipelines will doom our future — including a group of environmentalists who marched on the Governor’s Mansion in February — the facts tell a different story. Pipelines are safer than any other mode of transporting fuel. When […]

Iraq pledges to comply 100% with oil output cut agreement

  Iraq plans to reach 5mln bpd oil output capacity before year-end global oil supply cuts deal is positive Iraq compliance at 98% Iraq reiterates commitment to support OPEC/non-OPEC oil supply cut deal Iraq will proceed in parallel with exploration plans to increase its reserves by 15bln barrels in 2018 to reach 178bln barrels In response […]

The Big Contraction – An Interview With James Howard Kunstler

James Howard Kunstler is an American author, social critic, public speaker and blogger. His thinking gained prominence after the publication of his book The Geography of Nowhere (1994), a history of American suburbia and urban development “because [he] believe[s] a lot of people share [his] feelings about the tragic landscape of highway strips, parking lots, […]

Putin Exploits Europe’s Divisions in Bid to Dominate Gas Supply

KARLSHAMN, Sweden—This small port town offers a textbook case of how Russian President Vladimir Putin has thwarted U.S. and European efforts to rein in Moscow’s most powerful source of leverage and cash: energy. Karlshamn’s local leaders in January opened its port to Russia’s state-owned energy company, PAO Gazprom, in defiance of Swedish national authorities alarmed […]

gak! more peak oil

Yep, that’s right my loyal minions.  You all act like you hate it but you keep coming back for more on Peak Oil.  Gore Warming, climate change, weather weirding?  A piece of cake compared to Peak Oil.  If we had plenty of oil we could continue to ignore weather change and overpopulation just as we […]

Here’s reason behind depleting groundwater

You may be a hyperconscious consumer, only buying foodstuff that is organic and fair trade, or you may be one of those who embraced vegetarianism because it is good for the environment. But for all this effort to do the right thing for the planet, it is more than likely that more than one food […]

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements […]

Peak oil demand: What does it mean?

Many major international oil companies (IOCs) now believe that peak oil demand is round the corner. Shell has suggested the peak could come in the late 2020s. Statoil believes it could be between the mid-2020s and the late 2030s and BP in the 2040s. But not everyone agrees. The International Energy Agency (IEA) says that […]

Oil’s Central Bank To The Rescue!

WTI rallied back into $50 territory this week with help from positive OPEC speak regarding an output cut renewal, production outages in Libya, Iraq and Canada and compliance levels on output cuts near 95% (via Reuters) for March. We continue to be believers in flat price strength thinking that high levels of OPEC compliance and […]

Will grass become the new gasoline?

Researchers at Ghent University (Belgium, Europe) have developed a process that turns grass into biofuel. In the quest of more sustainable fuel types, scientists at Ghent University have developed a way to turn grass into biofuel. Will we soon drive on ‘grassoline’? “Until now, grass has mainly served as feed for animals. But apart from […]

Texas oil production down year-over-year

Though recovery is expected to evolve through 2017, data on oil production from Texas show volumes declined year-over-year, based on preliminary figures. The Railroad Commission of Texas, the state energy regulator, reported a preliminary volume of oil produced in January at 75,331,644 barrels. Year-over-year, preliminary production reported to the commission was 76,063,179 barrels, which was […]

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