Macron on course to become French president

Centrist presidential candidate Emmanuel Macron had a commanding lead over far-right leader Marine Le Pen, according to projections released after balloting ended across France. The results, if confirmed, put Macron on course to be France’s next president.  This article will be updated shortly. PARIS —  After months of improbable twists in its campaign to pick […]

Can the US Become the Saudi Arabia of Natural Gas?

The Department of Energy gave a Texas-based energy company permission Tuesday to export liquefied natural gas (LNG) to countries with which the U.S. does not have free trade agreements. Golden Pass Products will build an LNG export terminal capable of shipping 2.21 billion cubic feet per day (Bcf/d) of natural gas around the world. It’s […]

Doug Casey On The End Of Western Civilization

  Civilization is on a lot of people’s minds. Let’s talk about this trend. Doug Casey: Western Civilization has its origins in ancient Greece. It’s unique among the world’s civilizations in putting the individual—as opposed to the collective—in a central position. It enshrined logic and rational thought—as opposed to mysticism and superstition—as the way to deal […]

In Venezuela’s Chaos, Elites Play a High-Stakes Game for Survival

Even as Venezuela sinks into chaos, with clashes between protesters and the police escalating, why have its powerful political and military elites stuck by President Nicolás Maduro? The country would seem to be a prime candidate for something scholars call an “elite fracture,” in which enough powerful officials break away to force a change in […]

Real Economic Growth Is 2%

Bill Gross, a fund manager at Janus Capital, says real economic growth in the U.S. is a 2 percent number going forward. Prior to that, Jean-Claude Trichet, former ECB president, says he agrees with Emmanuel Macron on respecting rules and reforming France. Alan Krueger, a professor at Princeton University, remembers the legacy of economist William […]

Humans prosper because of oil, natural gas

The global warming alarmists who want to shut down pipelines, cap wells, limit exploration and make wind and solar the major sources of energy aren’t doing humanity any good, according to a new assessment by a world-recognized think tank, says Joseph Farah’s G2 Bulletin. If the green crowd that is pursuing the 80 percent greenhouse-gas emissions reduction […]

The Times, They Are a-Changin’

Monetary policy is on hold: The Fed has set a pattern of interest rate increases and is sticking to it. Fiscal policy is also on hold. Republican scorpions bottled in the House of Representatives are split between deficit hawks and deficit doves, and those favoring a border tax and those joining the president in skepticism […]

Russia announces oil production milestone above Arctic Circle

Nearly 200 tankers have left an oil field above the Arctic Circle in Russia that’s passed the production milestone of 35 million barrels, Gazprom Neft said. A subsidiary of Gazprom Neft, the oil arm of Russian energy company Gazprom, said Friday total cumulative production from the Novoportovskoye field above the Arctic Circle has reached 5 […]

Petrodollar Faces Growing Threat From the East. Payments in Gold Across Asia

While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russian alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar. The Persian rival who showed the way In 2012/2013, the US Treasury […]

Kunstler: A Paler Shade of Gray

If you seek to know why this country is in so much trouble, check out the lead reports about the health care reform bill in today’s New York Times, WashPo, and CNN. You will find there is no intelligible discussion in any of them as to what’s actually ailing US health care. All you get […]

In the Name of Globalization

There are lots of things wrong with globalization, but efficiency isn’t one of them. Within the past 25 years, a dense network of international production chains and webs of finance have superimposed themselves on national economies. This internationalization of capital has brought significant profits to investors and companies alike. The world champion in exports, Germany, […]

American Democracy: A Dead Man Walking

Trump’s “sell-out,” as it is called, coming on top of Obama’s eight-year “sell-out,” is instructive. We have now had a Democratic president who sold out the people who elected him and a Republican president who has done the same thing. This is a very interesting point, the meaning of which most people miss. But not […]

Fusion Power: First Plasma Has Been Achieved

Due to technological advances, what was predicted to be achievable in the year 2025 has already been attained this 2017 — eight years earlier than the initial forecast. International Thermonuclear Experimental Reactor (ITER) is an international nuclear fusion research and engineering megaproject. It is the world’s largest magnetic confinement plasma physics experiment and is also […]

We would need 1.7 Earths to make our consumption sustainable

President Trump has acted on his campaign promises to reverse Obama’s environmental policies and proposed a budget that would significantly slash the Environmental Protection Agency’s funding in an effort to take federal responsibility out of environmental regulations. More recently, White House officials have met to discuss whether the United States should leave the Paris climate agreement. [Local programs […]

Oil just dropped to a 5-month low below $46

Oil prices struck a new 2017 low on Thursday as mixed U.S. stockpile data compounded bearishness that has permeated the energy complex in recent weeks. U.S. West Texas Intermediate crude fell below $46 and international benchmark Brent breached $49, both sinking to the lowest level since Nov. 30, the day the Organization of the Petroleum […]

Saudis To Retain Full Control Over Aramco’s Oil After IPO

Saudi Arabia will continue to have full control over the oil wells and production of Aramco, after the much-anticipated initial public offering of around 5 percent of the Saudi oil giant next year, Deputy Crown Prince Mohammed bin Salman said on Tuesday. “The wells will still be owned by the government. The company only has […]

All Eyes On Saudi Arabia As OPEC Begins To Unravel

Has OPEC failed? That’s the question analysts have begun to ask, approaching the group’s next meeting later this month. When the members gather at their headquarters in Vienna, it will likely be to agree on an extension of production cuts in place since January. Those cuts, originally intended to re-balance markets and boost prices, had an […]

Trump’s Arctic Drill Plan Challenged by Environmental Groups

Environmental groups are challenging President Donald Trump’s attempt to restore oil and gas leasing on more than 125 million acres in the Arctic and Atlantic oceans, arguing that a warming world doesn’t need the fossil fuels they contain. The League of Conservation Voters, The Wilderness Society, Sierra Club and seven other conservation groups sued Wednesday […]

Saudi Arabia Controls the Largest Oil Refinery in North America

he Port Arthur refinery in Texas is North America’s largest oil refinery, and as of this week Saudi Arabia controls all of it. With the stroke of a proverbial pen, Saudi’s state-owned oil giant Aramco took on 100 percent ownership of the port, cementing its access to the lucrative U.S. energy market at a critical […]

Why the Phrase ‘Late Capitalism’ Is Suddenly Everywhere

A job advertisement celebrating sleep deprivation? That’s late capitalism. Free-wheeling Coachella outfits that somehow all look the same and cost thousands of dollars? Also late capitalism. Same goes for this wifi-connected $400 juicer that does no better than human hands, Pepsi’s advertisement featuring Kendall Jenner, United Airlines’ forcible removal of a seated passenger who just […]

The Return Of Bearishness In Oil Markets

The oil bears are gaining leverage over the bulls as confidence in the stability of crude prices continues to wane. Oil prices traded above $50 per barrel for most of the first quarter, falling back into the $40s in March, although it quickly rebounded back above $50 in April. The high level of OPEC compliance […]

Junk-Bond Armageddon

In recent years, whenever U.S. credit markets have become mired in boredom and melted up out of sheer habit, traders start worrying about junk-bond bubbles. Now is no different. It has been a notably unremarkable year for credit traders despite populist upheavals in Europe and the U.S. and subsequent unpredictable policies and rhetoric. Meanwhile, yields […]

Down With The Pipeline And Its World

Camp White Pine is a forest defense camp resisting Sunoco’s Mariner East 2 Pipeline, which plans to transport natural gas liquids through OH, WV, and PA to an export facility on the east coast.

Chevron Drilling VP: Oil, Gas Needs to be Innovative, but Make Money

Technological innovation is a hot topic for oil and gas operators and service companies. During a Tuesday panel at the Offshore Technology Conference, some of the industry’s leaders shared how to embrace innovation while maintaining profit margins. When industry panelists were asked if profit margins did, in fact, stifle innovation, responses were mixed. “That’s precisely […]

Middle East will see ballooning deficits tumble as oil prices rise

Oil exporters in the Middle East and North Africa will see their budget deficits shrink as austerity, taxes and stable oil prices begin to take effect, a director at the International Monetary Fund (IMF) told CNBC. “Sizeable adjustments were made in the last two years and yesterday (Sunday) the Saudi government reemphasized commitment to bring […]

Michael Lynch: …And This Is Where The Oil Will Come From

During the height of the peak oil scare, a pundit commented to me that the lack of billion-barrel discoveries in recent years seemed alarming, and my reassurance that this primarily reflected the shift of drilling from the Middle East to other, less prospective, areas was less than compelling.  Additionally, while many industry observers focus on […]

Kunstler: The Sound of One Wing Flapping

And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin Diesel video library. France appears resigned […]

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