IEA to review oil demand outlook after China, India signal auto policy shifts

The International Energy Agency will review its electric vehicle (EV) use and oil demand forecasts after India and China recently signaled new policies in favor of electric cars and vehicles using other alternatives to gasoline. In its current policies scenario, last updated in November 2016, the IEA expects vehicle demand for oil to rise until […]

Kunstler: Blood Sports

What you’re seeing in the political miasma of “RussiaGate” is an exercise in nostalgia. Apart from the symbolic feat of getting a “black” president freely elected in 2008 (remember, Mr. Obama is also half-white), the Democratic Party hasn’t enjoyed a political triumph in half a century to match the Watergate extravaganza of 1972-74, which ended […]

Limits to Economic Growth

On April 3 in the Guardian there was an article about Christine Lagarde of the IMF concerned that the growth of productivity in many “developed countries” has been falling. There is a problem for the finance sector if growth falls away since additional income is needed for people to be able to service and repay […]

East River Oil Spill: ‘Catastrophic’ Con Ed Fail Spews 37,000 Gallons Of Transformer Oil

Wondering what to make of that oily sheen coating an increasingly large surface of the East River? According to a spokeswoman for the U.S. Coast Guard, a “catastrophic transformer failure” at the Con Edison station along the Brooklyn coastline two full days ago (!), around 1:30 p.m. Sunday, caused 37,000 gallons of “dielectric fluid,” or […]

In record-breaking weekend, Germany got 85% of its electricity from renewables

Germany is kicking all kinds of sustainable butt when it comes to its use of renewable energy sources. According to recently released figures, for the last weekend of April, the country established a jaw-dropping new national record in this department — with 85 percent of all electricity consumed in Germany being produced through wind, solar, […]

The Horror Of The Deep State’s Plan Exposed

In Part One and Part Two of this article I detailed the decades of propaganda, false flags, and misinformation campaigns used by the Deep State to gain power and control over the U.S. government. When war or a financial crisis is necessary to keep the profits flowing, events will be steered to such an outcome. […]

How Western Civilization Could Collapse

Collapsist stories in the media are pretty rare these days (even the tide of stories about authoritarian dystopias has receded since its peak after Donald Trump’s election) – however the BBC has kept the meme going with this uplifting tale – . The political economist Benjamin Friedman once compared modern Western society to a stable […]

Saudis Plan $40 Billion US Investment To “Cement Ties With Trump”

Having gone all-in on a Hillary Clinton victory ahead of the elections, Saudi Arabia has quickly pivoted in its “appreciation” of the Trump administration, and having realized that the fastest way to Trump’s heart is through the US Treasury’s bank account, it is preparing to invest an “unprecedented” amount of money in the US. According […]

When Oil Stops Pumping Is Game Over

There is a consensus between industry leaders and analysts that world oil production will peak between 2010 and 2030, with a significant chance that the peak will occur before 2020. Dates after 2030 were considered implausible by some. Meaning that by the year 2020 the daily production of oil will only decrease. Now, I’m aware […]

The Crop That Ate America

Farmers who had long rotated plantings among a diverse group of grains are increasingly turning to a single one. Corn has always been a mainstay of U.S. agriculture, but its increasing profitability has driven up corn’s share of total production, while grains such as wheat, oats and sorghum have steadily fallen, according to a Bloomberg […]

Breaking New Ground in Economic Theory

Steve Keen defines a production function based on energy Professor Steve Keen may be the first mainstream economist to address a fatal flaw in economic theory: omitting or minimizing the role of energy. Keen has developed a production formula incorporating energy, not as one factor of production along with capital and labor, but as the […]

Oil Below $65 Per Barrel…For Years

  Recognizing that something had to be done to halt the latest crash in oil prices, Saudi Arabia’s energy minister went public with his support not only for an extension of the OPEC cuts for another six months, but he also dangled the possibility of an extension into next year. “Based on consultations that I’ve […]

The Doomsday Glacier

In the farthest reaches of Antarctica, a nightmare scenario of crumbling ice – and rapidly rising seas – could spell disaster for a warming planet. Thwaites Glacier in West Antarctica is so remote that only 28 human beings have ever set foot on it. Knut Christianson, a 33-year-old glaciologist at the University of Washington, has […]

Is There Life Before Death?

As the conversation about Near-Term Human Extinction (NTHE) grows increasingly deafening, I notice many people behaving as if they are already dead—and in fact they may be. Do we have 15 years, 20 years, 50 years? Should I move to another location? What’s the point of doing the job I now have? Why even have […]

Measuring Energy Return on Investment at a National Level

A recently published study proposes a novel approach to measure how much ‘net energy’ is produced at national level. François-Xavier Chevallerau | April 25, 2017 Economic growth requires energy. Or rather, it requires ‘net energy’, i.e. energy effectively available to do other things than procuring, processing and distributing energy. A growing body of research suggests that the […]

US Wants to Nuke Russia, China And Use Missile Shield to Prevent Retaliation

According to Russian Lieutenant General Viktor Poznikhir, the US is surrounding Russia and China with missile defense systems in order to launch a “sudden nuclear strike” and prevent any retaliation.  The US has said recently it’s installing anti-ballistic missile systems in Poland and Romania to prevent Iran from attacking Europe and in South Korea to […]

Population growth will fall to zero in Asia by 2050

Asia’s rapidly ageing population means the region is shifting from being the biggest contributor to the global workforce to subtracting hundreds of millions of people from it, according to the International Monetary Fund. The reversal of the so-called “demographic dividend” will drag on global growth and also that in Asia, the world’s fastest growing region, […]

North Korea Prepping EMP Catastrophe Aimed At U.S. Homefront

While the international community and news media focus on North Korean missile tests and the country’s nuclear program, one expert warned on Sunday that North Korea may be secretly assembling the capability to take out significant parts of the U.S. homeland via an electromagnetic pulse (EMP) attack. Dr. Peter Vincent Pry is executive director of […]

A Sobering Look At The Future Of Oil

The current discussion about the future of oil is how soon will it be before petroleum becomes a sunset industry. If it isn’t already. Flat or falling demand. Carbon taxes. Electric cars. Renewable energy. Oil has no future. It is only a matter of time, although how much time remains is subject to considerable discussion […]

Google Asked To Label Anti-Fracking Websites As ‘Fake News’

An oil and gas drilling advocacy group published an open letter to Google asking the search engine giant to consider “purging or demoting” websites spreading misinformation about hydraulic fracturing. Google rewrote its search engine algorithm to bury “fake news” websites in the wake of the 2016 presidential election. The industry-funded Texans for Natural Gas wants […]

What if it IS Different for Oil This Time?

It’s time we prepare ourselves. It may actually be different for oil this time… Yeah, I know. It’s an article of faith for investors. Anytime you hear someone say, “It’s different this time,” you can chuckle to yourself with an air of superiority, because you know, you KNOW, that person is just wrong. And not only […]

Is There Such a Thing as a “Net Energy Cliff?”

New research outlines how energy resource depletion and declining energy return on investment (EROI) may affect prosperity. Modern, prosperous lifestyles are heavily dependent on the availability of abundant, low-cost energy supplies. In fact, a society and its component parts (people, groups, organisations, institutions) are physical systems that require inflows of affordable energy resources with high […]

Russian supply vs production

Extending the deal with Opec is the only barrier to oil-output growth in 2017. But Russian exports should keep rising whatever is decided in Vienna Despite financial and technological sanctions, lower oil prices and the depletion of mature fields, Russian oil firms lifted output in 2016 by 2.6%, to 11m barrels a day—within touching distance […]

Art Berman: Don’t Get Used To Today’s Low Oil Prices

Oil expert and geological consultant Art Berman returns to the podcast this week to address head-on the question: Was the Peak Oil theory wrong? With the world “awash” in sub-$50 per barrel oil, were all the warnings about persistently higher future oil prices just a bunch of alarmist hand-wringing? In a word: No. Art explains […]

When Trucks Stop Running: Energy and the Future of Transportation

I left off last week’s post – “Money Doesn’t Grow on Trees, Industrial-Scale Renewable Energy Does” – by mentioning the existence of a rather excellent resource. By that I didn’t mean an energy resource, but rather a book – a book that nonetheless gives a rather fine breakdown of our various energy resources and their […]

Saudi Arabia: Oil Output Cuts Could Run ‘Beyond’ 2017

Saudi Arabia’s oil minister said he is confident that an agreement by oil producers to curb output and shrink a market glut will be extended into the second half of the year and possibly beyond. While U.S. shale output growth and refineries shut for maintenance have slowed the impact of cuts by OPEC and its partners, producers […]

War And Empire: The American Way Of Life

A few months ago I received a message from a professor at the Khomeini Institute for Education and  Research in Tehran, Iran, informing me that my 2010 book “War and Empire: The American Way of Life” (London, Pluto Press) had been translated into Farsi. He requested that I write an Introduction for Iranian readers. What […]

Thousands Flee As Taliban Take Key Afghan District

Thousands of Afghans have fled fighting between Afghan forces and Taliban militants in the northeastern province of Kunduz since the group captured a key district following the launch of their spring offensive last month, the Norwegian Refugee Council (NRC) said on May 7. The Taliban captured the Qala-i-Zal district, west of Kunduz city, on May […]

Inside the dark conspiracy that made its way from the fringe to the White House

The modern history of the “deep state” in American politics — real or imagined — starts with real leaks of classified information and ends as a conspiracy theory on popular yet dubious websites. And how it got there raises serious questions about whether the intelligence community is trying to subvert a new president or whether […]

Icebergs to be towed from Antarctica to United Arab Emirates for drinking water

Icebergs to be towed from Antarctica to United Arab Emirates for drinking water Icebergs could create micro-climates in the region and bring rain to the arid landscape Simulations predict it will take up to one year to tow an iceberg to the UAE

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