‘Coal is dead’ and oil faces ‘peak demand,’ says world’s largest investment group

BlackRock investment group, with $5 trillion in assets, is bullish on electric cars and renewables. U.S. coal production is at lowest level since 1978. CREDIT: EIA “Coal is dead,” Jim Barry, the global head of BlackRock’s infrastructure investment group, explained in a recent interview. BlackRock, the world’s largest investment group, with $5 trillion in assets — more than […]

Qatar Puts Military On Highest State Of Alert Over Fears Of Imminent Incursion

esterday’s news that Saudi Arabia has issued an ultimatum to Qatar, listing ten demands among which that Qatar end all ties with the Muslim Brotherhood and Hamas, has prompted a dramatic response by the small Gulf nation, and according to a just released report by Arabic CNN (and confirmed locally) US officials have said they […]

Desert of Death

Every year, hundreds of people fleeing poverty and persecution from Central and South America, die attempting to cross the desert lands around the Mexico / USA border. US based humanitarian group “No More Deaths” maintains a year-round presence in the deserts of southwestern Arizona where volunteers leave water, food, socks, blankets, and other supplies, to […]

The Dark Side Of The Oil Tech Boom

As artificial intelligence becomes ever more attainable and tech start-ups continue to divide and multiply, traditional oilfield research and development is going the way of the buffalo. Drilling is still an inexact and complex process, with high costs of labor and environmental damages. In the wake of the past years’ oil slump, energy industries are looking […]

Building blockchains in energy markets

The idea of using blockchain technology to ease trading in the energy and commodities markets is cropping up more and more. Famously, blockchain is the technology behind cryptocurrency Bitcoin. Blockchains can be public, as with Bitcoin, or private, such as a group of traders. The individual participant receives an online wallet that can be charged […]

China will declare war if PH drills for oil

On May 19, 2017, President Rodrigo Duterte disclosed at a press conference in Manila that he met with Chinese President Xi Jinping during the “One Belt, One Road” summit in Beijing on May 15 and told Xi of his country’s intention to drill for oil in the West Philippine Sea. “We intend to drill oil […]

U.S. Begins Importing Iraqi Oil

The United States has begun importing Iraqi oil at a rate of 1.1 million barrels per day to replace export cuts announced by Saudi Arabia late last month, new figures compiled by Bloomberg show. New data from the Department of Energy suggests that during the first week of June, Iraqi oil entered the U.S. at […]

World Population Will Lack Access To Clean Water by 2050

With rising population and limited fresh water resources, at least 25% of the world population will lack access to clean water by 2050. The global demand for fresh water is projected to grow by more than 40% and highly-populated countries like India, China and Bangladesh will face a “chronic or recurrent” lack of clean water. […]

Digging the Graveyard of Oil’s Past

Moored off the port of Rotterdam, Netherlands, Pioneering Spirit looms so large that it is difficult to recognize as a ship. The crew of 450 is dwarfed by the cranes and pipes that dominate the sprawling layers of decks. For decades, Edward Heerema, head of Allseas, the Swiss-based energy services company, dreamed of building a […]

The Relentless March of Drought – That ‘Horseman of the Apocalypse’

By 2025 –that’s in less than 8 years from today– 1.8 billion people will experience absolute water scarcity, and two thirds of the world will be living under water-stressed conditions. Now it is feared that advancing drought and deserts, growing water scarcity and decreasing food security may provoke a huge ‘tsunami” of climate refugees and […]

The World’s Top Oil Consumers

No doubt when faced with the question “Who’s the biggest oil guzzler in the world?” one would immediately think about the U.S. or China. Or perhaps India. Few of us, however, would say Gibraltar. Yet on a per-capita basis, Gibraltar is the world’s top crude oil consumer, with an average daily consumption rate of 861,06 […]

The Saudi Prince, the Sheikh and a Gulf Renegade

The choreographed statements by Saudi Arabia and three allies to quarantine Qatar at just after 6 a.m. on June 5 were not signed, but there was no mistake about who was behind them. The move to halt air and sea transport and shut the tiny Gulf nation’s only land border carried the fingerprints of two of […]

US oil output poised to hit 10 million barrels a day next year, breaking 1970 record

The U.S. Department of Energy on Tuesday signaled it is now more confident that U.S. oil production will rise to 10 million barrels a day next year, the highest average annual level on the books. The department’s Energy Information Administration forecast output would surge to the historic level in 2018 after last month projecting the […]

Is $75 Oil Still Possible?

   More draws predicted for late 2017, 2018 The oil market rebalancing is in progress, even if it is slower than expected, according to releases by Societe Generale and RBC Capital Markets. When OPEC first agreed to cut production in November, analysts were hoping that six months of reduced production would be enough to rebalance […]

Seven more Fukushima residents diagnosed with thyroid cancer

Seven more Fukushima Prefecture residents who were aged 18 or under at the time of the 2011 nuclear accident have been found to have thyroid cancer, the prefectural government said Monday. The number of Fukushima residents suffering from thyroid cancer now totals 152, the prefectural government said in a meeting of an expert panel. Hokuto […]

Capitalism is destructive and unsustainable

Several crises of contemporary capitalism have reached or are reaching dangerous tipping points. They are rooted in a path of destructive and unsustainable development. They include extreme wealth and social inequality, job loss and dislocation from automation, and the existential threat posed by the ecological crisis. These interconnected crises are impacting everything and must be […]

Saudi Arabia Gives Qatar 24 Hour Ultimatum As Analysts Warn Of “Military Confrontation”

Shortly after imposing a naval blockade in the immediate  aftermath of the Qatar diplomatic crisis, one which left the small Gulf nation not only politically isolated and with severed ties to its neighbors but potentially locked out of maritime trade and crippling its oil and LNG exports, on Tuesday SkyNews Arabia reported that Saudi Arabia […]

The World’s $100 Trillion Question: Why Is Inflation So Low?

Central bankers and investors are grappling with a $100 trillion question: why consumer price inflation remains so low in most parts of the world even as economic growth quickens. Compounding the riddle, question marks are now emerging over the one part of the global inflation picture that had been moving higher — producer prices. That’s […]

The Arab World Has Never Recovered From the Loss of 1967

On Dec. 11, 2016, Sadiq Jalal al-Azm, Syria’s most consequential public intellectual in the last half-century, died in Berlin. He was 82 years old. In his last conscious days, Azm, like numerous other Syrian exiles, watched from afar the slow, methodical massacre of rebel-held eastern Aleppo. For a man who struggled for half a century […]

Washington’s Empire Is Not Unraveling

Paul Craig Roberts The military/security complex spent seven decades building its empire. The complex assassinated one American president (JFK) who threatened the empire and drove another (Richard Nixon) out of office. The complex does not tolerate the election of politicians in Europe who might not follow Washington’s line on foreign and economic policy. Suddenly, according […]

Our overpopulated planet

Henderson Island, an uninhabited South Pacific atoll, is so isolated as to be practically untouched, ever, by human presence. Yet according to scientists who studied it in 2015, this island is the final resting place for 38 million pieces of mostly plastic trash, with 3,500 pieces washing up daily. The garbage comes from China, South […]

Big oil, small US towns see new reward in old production technique

Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the economy around them sank. Occidental Petroleum Corp (OXY.N) and a few other oil producers with wells near this town on New Mexico’s border with Texas […]

Millets, Sorghum, and Grain Legumes: the Smart Foods of the Future

The Smart Food Project is hoping to popularize nutrient-rich, drought-tolerant crops in an effort to diversify diets and ensure global food security. An initiative by the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), the Smart Food Project is promoting the consumption of sorghum, millets, and grain legumes like chickpea, pigeon pea, green gram, […]

T. Boone Pickens Applauds Trump’s Decision to Withdraw From Paris Climate Agreement

Today, President Donald J. Trump announced that he will pull the United States out of the Paris climate accord. Me, I’m with the Weather Channel on this move: Weather Channel brings the fire pic.twitter.com/ScTkqlKNTA — Ryan Teague Beckwith (@ryanbeckwith) June 1, 2017 But T. Boone Pickens sees things differently. Here’s the statement he posted to […]

Israel’s Secret Plan to Nuke the Egyptian Desert

Fifty years ago, war transformed the Middle East. From June 5 to June 10, 1967—known to Israelis as the Six-Day War and to Arabs as the 1967 War—Israel defeated three Arab armies, gained territory four times its original size and transformed from a nation fighting for survival into an occupier and regional powerhouse. The consequences […]

Kunstler: Gimme Shelter

“Have you all lost your mind?” Vladimir Putin replied to one of Megyn Kelly’s thrusts about alleged Russian perfidy toward the US in the gala interview that debuted her new Sunday Night star-chamber on CNN. Old Vlad put his finger on something there. His view of the late goings-on in America is like that of […]

It’s A “Geopolitical Earthquake”: A Stunned World Responds After Saudi Alliance Cuts All Ties With Qatar

Virtually nobody saw it coming. Late on Sunday night, the Saudi-led alliance of Gulf Arab states including Egypt, shocked the world when they announced they had severed ties and closed borders with one of the Gulf’s wealthiest, if smallest, neighbors Qatar, a (now former) member of the Gulf Cooperation Council in what we called a […]

Overpopulation a threat to Earth

  Overpopulation is an undesirable condition where the number of existing human population exceeds the carrying capacity of the Earth. This is caused by a number of factors – reduced mortality rate, better medical facilities, depletion of precious resources etc.   The effects of overpopulation can include the depletion of resources, environmental deterioration, and prevalence […]

U.S. considers possible sanctions against Venezuela oil sector

The Trump administration is considering possible sanctions on Venezuela’s vital energy sector, including state oil company PDVSA, senior White House officials said, in what would be a major escalation of U.S. efforts to pressure the country’s embattled leftist government amid a crackdown on the opposition. The idea of striking at the core of Venezuela’s economy, […]

All Dutch trains now run on 100% wind power

Initially, trains in the Netherlands were set to run entirely on renewable energy by 2018. However, it seems officials have been able to beat that goal by an entire year. As of the first of January this year, all public transport trains are being powered by renewable energy, namely from wind power. The historical land […]

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