Squats for Migrants

Responding to the refugee crisis, many European anarchists and other activists have stepped up to try and help provide services and a sense of community to those who have been rendered stateless in a foreign land. Watch the entire show here – https://sub.media/video/trouble-3-ref…

Why Oil Prices Are Plummeting

As a long-time investor in the energy sector, the current quarter has been one of the worst I can recall. It seemed like the market had turned the corner in 2016 when energy was the top-performing sector following two difficult years, but the price of West Texas Intermediate (WTI) is now down 20% from this […]

Fattened, Genetically Engineered Algae Might Fuel the Future

The future of fuel is green, slimy, and reeks of fish. “Fish smell like fish because fish eat algae,” says Imad Ajjawi, a geneticist at the synbio company Synthetic Genomics in La Jolla, CA that grows those smelly photosynthesizers. This algae is also fatty, which probably isn’t a word you’d typically associate with the goopy, […]

Expect $30 Oil In 2018 Unless OPEC Deepens Cuts

Oil prices could plunge to US$30 a barrel in 2018 and maintain that low price for some two years, if OPEC fails to make steeper output cuts, Fereidun Fesharaki, chairman of oil and gas consultancy FGE, said at a conference on Monday. The current OPEC cuts could be enough to keep the price of oil […]

Kunstler: Absent Without Leave

It ain’t bragging if it’s true. I’ve said repeatedly on this blog for years that the federal government would only become more impotent, more incompetent, and more ineffectual as The Long Emergency rolled out. And here we are now, at just such pass in history. The process has been well underway since the beginning of […]

The Fall of the Western Empire: Collapse is Not a Bug, It is a Feature

Esset aliquod inbecillitatis nostrae solacium rerumque nostrarum si tam tarde perirent cuncta quam fiunt: nunc incrementa lente exeunt, festinatur in damnum.”  Lucius Anneaus Seneca (4 BCE-65 CE)   In my book “The Seneca Effect”, the first chapter is titled “Collapse is not a bug, it is a feature“. The idea is that the evolution of […]

The Fall and Rise of Nuclear Power

Westinghouse’s bankruptcy culminates the collapse of potential US strategic leadership in world nuclear energy. The US has faltered in many aspects of nuclear technology, now allowing other nations to become the world leaders in nuclear and energy diplomacy. Regaining the strategic power will be technically straightforward but politically difficult. Nuclear energy importance More important even […]

Peak Oil Demand Is Millions Of Barrels Away

The notion that demand for crude oil will soon peak has largely replaced the idea from a decade ago that crude oil production was about to peak for geological reasons. This new idea is that we will no longer need oil (or at least a lot less of it) because consumers will choose alternatives to […]

Digitalization in Energy: Disrupt or Be Disrupted

The oil and gas industry is not seen as an industry quick to embrace new technologies. Several factors influence this conservative attitude, including safety challenges, complex systems, and a vast amount of investment. But if there’s any doubt about the changing landscape, a panel of experts at this year’s Offshore Technology Conference (OTC) in Houston […]

Current Yellowstone Quake-Swarm “Could Rip The Guts Out Of America”

U.S. Geological Survey (USGS) seismology reports conclude that a massive swarm of earthquakes swept through the park on Friday triggering more than 60 separate events in which seismographs spiked to magnitudes of up to 5.0. Experts fear that the supervolcano is long overdue for an eruption capable of wiping out a vast amount of human, […]

The elephant in the room —our population

India’s ‘demographic dividend’ is a myth. Resources are under stress, be it health or education. The government must act If you ever doubted the power of compounding, just take hum do humaare do and poof, magically you have 1.3 billion! Let’s face it, India’s enormous population is at that tipping point — a little north […]

Like the Earth itself, doomsday scenarios keep on spinning

I have been around long enough to have seen a lot of things. In 1970 George Wald, a Nobel Laureate biology professor, predicted, “Civilization will end within 15 to 30 years.” In that same year, we learned of the population bomb, declaring the world would run out of food by the 1980’s. Paul Ehrlich went […]

PetroDollar System In Trouble As Saudi Arabia Continues To Liquidate Foreign Exchange Reserves

The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line.  Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil is not covering the cost […]

The approaching crisis: Is the world running out of water?

GROWING up in Australia, most of us probably didn’t think twice about where our seemingly endless supply of water came from. In our young minds, the tap never ran dry. But the world certainly doesn’t have the luxury to think like that. Water is absolutely fundamental to life, which makes the increasingly loud warnings about […]

Doughnut Economics:a step forward, but not far enough

Doughnut Economics, by Kate Raworth (Chelsea Green, 2017) is an interesting book that goes in the right direction in the sense of promoting a circular economy, but it leaves you with the impression that it missed that extra step that would have lead it to define the goal in the right way. Bridging the gap […]

Peer-Reviewed Survey Finds Majority Of Scientists Skeptical Of Global Warming Crisis

It is becoming clear that not only do many scientists dispute the asserted global warming crisis, but these skeptical scientists may indeed form a scientific consensus. Don’t look now, but maybe a scientific consensus exists concerning global warming after all. Only 36 percent of geoscientists and engineers believe that humans are creating a global warming crisis, […]

How A $200,000 Well Could Drastically Change The Oil Industry

Technological upheavals in the oil sector will make it possible for mini-producers to market crude profitably, creating new competition for bloated fossil fuel companies accustomed to benefitting from their largesse. It takes serious cash to start an oil and gas exploration company the traditional way. A single well in the Permian Basin – recognized as […]

Why Some Hedge Funds Believe The Shale Boom Is Coming To An End (Again)

Today’s Baker Hughes report confirmed that the US shale miracle continues, as another 6 oil rigs were added bringing the total to 747, the highest since mid-2015, with domestic producers seemingly oblivious – or perfectly well hedged – to the ongoing decline in crude prices which is once again set to crippled the Saudi budget. […]

Solar Power Will Kill Coal Faster Than You Think

Solar power, once so costly it only made economic sense in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than previously forecast. That’s the conclusion of a Bloomberg New Energy Finance outlook for how fuel and electricity markets will evolve by 2040. The research group estimated solar already […]

The Global Oil & Gas Industry Is Cannibalizing Itself To Stay Alive

While the Mainstream media continues to put out hype that technology will bring on abundant energy supplies for the foreseeable future, the global oil and gas industry is actually cannibalizing itself just to stay alive.   Increased finance costs, falling capital expenditures and the downgrade of oil reserves are the factors, like flesh-eating bacteria, that […]

Summer Of Hate: The Arrival Of The Crisis & The Second Civil War?

In our previous article, we discussed how our analysis of recent events in the US and elsewhere seem to be leading up to some sort of ‘Crisis Event’ that appears to correlate with some of the predictions made in Neil Strauss and William Howe’s 1997 book The Fourth Turning: What the Cycles of History Tell […]

Trump sells Qatar $12 billion of U.S. weapons days after accusing it of funding terrorism

While President Trump berates Qatar for sponsoring terrorism at the highest levels, he is simultaneously authorizing the country to purchase over $21 billion of U.S. weapons. One portion of that deal — $12 billion for 36 F-15QA fighter jets — was inked on Wednesday in Washington, D.C., when Qatar’s Defense Minister met with U.S. Defense […]

Iran still world’s biggest natural gas player

A new report shows Iran still has the world’s largest reserves of natural gas and is closely followed by market rivals Russia and then Qatar.  The global energy giant British Petroleum (BP) in its annual report on world energy reserves put Iran’s natural gas reserves at 33.5 trillion cubic meters (tcm). The figure was obtained […]

Robert Rapier: Global Oil Demand Hits New Record High

Despite sensationalistic projections that oil demand could peak soon — which is one factor making the oil markets skittish — global demand growth for crude oil remains high. That’s been consistently shown by the International Energy Agency, and this week it was confirmed with the release of the BP Statistical Review of World Energy 2017. In […]

The Long-Term Price of Oil Is … $55 A Barrel

What’s the right way to think about the long-term price of oil? This question consumes the industry — and markets — no matter what prices are on any given day. Back in 2000, when mega-mergers formed giants like Exxon Mobil Corp., it was typical to plug roughly $20 a barrel into valuation models. Only a few […]

Gulf Showdown Exposes Qatar’s Fragility

At her new exhibition in Doha, Qatari artist Maryam Al-Semaitt explained to guests the central message of her latest work: what happens when great wealth is taken for granted. That money, mainly from selling natural gas from a peninsula in the Gulf desert that was a British protectorate until 1971, has paid for the city’s […]

There were 2 developments this week that could have huge consequences for Russia’s oil

Protests swept across Russia on Monday The US Senate passed a bill that would tighten sanctions on Russia These developments will have an impact on how Russia’s oil strategy plays out Oil watchers have mostly focused on the Middle East and the United States in recent months, but this week saw two notable developments for the third […]

Expect the ‘longest economic expansion’ since WWII, says economist

Key Takeaways Kevin Thorpe, global chief economist at Cushman & Wakefield, thinks there’s little cause to worry about a recession in the next couple of years. Consumer confidence is high, and although the government is experiencing gridlock in Washington, D.C., Thorpe expects at least a few of President Trump’s financial policies to pass. There’s a […]

Michael Lynch: How Two Nobel Prize-Winning Economists Got Oil Wrong

My recent book details the numerous mistakes made by many experts—real and apparent—about the oil market and oil prices, and this post will point to two in particular (the latter of which did not appear in the book).  Robert Solow and Paul Krugman are both M.I.T. professors of economics (Krugman only for a time) and […]

Technology to bring forward peak energy and renewables tipping point

The world economy stands to hit peak energy by 2025, according to a new study. Exploring the effects of advancing technology on the energy sector, a white paper from McKinsey & Company’s found the acceleration of global technology could mean peak coal is already upon us, while peak oil may arrive as soon as 2020, while […]

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