This Is The Only Russia Story That Matters

The World Gold Council has reported that the Central Bank of Russia has more than doubled the pace of its gold purchases, bringing its reserves to the highest level since Putin took power 17 years ago. Russia’s desire to break away from the hegemony of the U.S. dollar and the dollar payment system is well-known. […]

Why “peak” arguments are always wrong

The human tendency to extrapolate is a wonderful thing. It’s given us so many technological revolutions that would otherwise have never been funded. A charismatic if somewhat eccentric chap comes along, repackaging the idea of an electric car into a sleek Apple-esque exterior, and at just the right time in the oil production cycle. Everyone […]

New Honey Research Suggests a Grim Outcome For Bees Worldwide

Just when we thought things were finally looking up for the bee population, researchers have delivered some disheartening — and frightening — news. Swiss researchers recently published a study indicating that a large majority of the world’s bee population is affected by a common (yet controversial) pesticide, which has contributed to the alarming decline in […]

Debunking the myths about nuclear fusion

This is the third of three reports about the claims by representatives and proponents of the International Thermonuclear Experimental Reactor (ITER). “The Selling of ITER” published on Jan. 12, 2017. “Former ITER Spokesman Confirms Accuracy of New Energy Times Story” published on Jan. 19, 2017. Abstract (Abstract is Copyleft, duplication permitted but only with attribution […]

ExxonMobil ‘Puts Guyana on the Map’ with Discovery

Exxon Mobil Corp. on Thursday reported its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana with the Stena Carron drillship. “The results from this latest well further illustrate the tremendous potential we see from our exploration activities offshore Guyana,” ExxonMobil Exploration Co. President Steve Greenlee said in a company announcement. “ExxonMobil, along […]

Where The US Exports Oil And Petroleum Products

This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to import an average of 8.1 million BPD. In the previous article, I discussed the reasons the U.S. exports oil, despite the fact that we are still a significant net importer of crude oil. In a nutshell, the […]

US Shale Juggernaut Shows Signs of Fatigue

American shale companies are starting to tap the brakes on drilling. U.S. oil output remains robust and may still surpass the record annual average of 9.6 million barrels a day, set in 1970. But companies, confronting technological, operational and financial obstacles, are starting to ease up on drilling. The pace of innovation that allowed shale […]

Energy East’s demise is Canada’s Peak Oil Divide moment

Canadian leaders cannot despise oil and pipelines and maintain high living standards. Without the goose, there will be no golden eggs. It’s that simple. This week’s cancellation of another oil pipeline – from Alberta to New Brunswick – should not be a cause for celebration as it is in some minds. It represents Canada’s Peak […]

Is Population Decline Catastrophic?

In the 1970’s we heard the earth was going to get so crowded we’d be falling off. Now the panickers have flipped to population decline. They were wrong in the 70’s, so are they wrong again? Is a declining population catastrophic? Countries from Germany to Japan are investing in mass immigration or pro-birth policies on […]

No, Trump Is Not Withdrawing From the Iran Deal

If any former Obama administration officials, European diplomats or arms-control advocates are reading this, I have some reassuring news. President Donald Trump will not be killing your precious Iran nuclear agreement. Yes, the president is expected next week to decertify Iranian compliance with the Joint Comprehensive Plan of Action. Which would indeed throw the matter […]

After the Dust has Settled

The UN General Assembly week in New York last month was an important and inspiring gathering of leaders from Government, business, civil society and academia from all corners of the world to debate how to create the world we all want. Or, more specifically, how to take action on the 17 Global Goals and turn […]

Trump expected to decertify Iran nuclear deal

President Donald Trump is expected to announce soon that he will decertify the landmark international deal to curb Iran’s nuclear program, a senior administration official said on Thursday, in a step that potentially could cause the 2015 accord to unravel. The official, speaking on condition of anonymity, said Trump is also expected to roll out […]

The future of oil is almost here and it doesn’t look very pretty

The world is propelling fast towards a post-oil future when electric batteries will drive the world. After Elon Musk’s Tesla popularised electric vehicles (EVs), now is the turn for planes to go electric. Boeing and JetBlue Airways have announced they would begin selling a hybrid-electric commuter aircraft by 2022. Planned by start-up Zunum Aero, the […]

US Department Of Energy Looks To Subsidize Coal Plants

In a Canute-like move, On September 29, the US Department of Energy sent a proposal to the Federal Energy Regulatory Commission (FERC) that would, if adopted, significantly increase the value of aging coal and nuclear power plants. There are a number of interesting aspects to the DOE’s directive to the FERC. First, what surprised us […]

China’s Oil Demand Is Far Ahead Of Last Year’s Pace

OPEC recently released its Monthly Oil Market Report which covers the global oil supply and demand picture through July. OPEC crude oil production decreased by 79,000 BPD in August to average 32.8 million BPD. This marks the first OPEC production decline since April and was primarily driven by sizable outages in Libya. The cartel revised global oil […]

Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan

Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to trade Venezuelan crude would have to do so in Chinese […]

King Salman Visits Russia: Something is Brewing

As though there aren’t enough surprises in the Middle East, consider these: King Salman of Saudi Arabia will visit Russia tomorrow, China will continue its import of crude oil from Iran, the Organization of Petroleum Exporting Countries (OPEC) meets next month, and Russia, well it plays all sides depending on which way it wants to […]

Making an Economic Case for Climate Action

Having faced a year of record temperatures and devastating hurricanes, the United States stands more to lose if it doesn’t take steps to reduce the risk and impact of climate change, according to a new report. Launched by the Universal Ecological Fund, it details the costs of the U.S.’ climate inaction to the national economy […]

What is Counterinsurgency?

The science, known as COIN or Counterinsurgency doctrine, is nothing less than a perpetual war, waged by states against their domestic populations. Despite the unimaginable capacity for violence and coercion that they wield, states are far more vulnerable than they let on. This is not only true of the so-called “failed states” currently plagued by […]

Our Shoggoths, Ourselves

  There are many ways I could talk about the point I want to make in this week’s post, but when it comes to the really difficult issues—and yes, we’re going to be talking about one of those—the indirect routes are generally the most useful. For that reason, I want to start out with a […]

The Man Who will be King

Saudi Arabia Wednesday announced the consolidation of development funds under a unified body led by Crown Prince Mohammed bin Salman, cementing the powerful prince’s position in the Gulf kingdom’s affairs. The new National Development Fund joins industrial, agricultural and social development funds under a board headed by Prince Mohammed who is also defence minister, deputy […]

Call For Reviewers: Mathematical GeoEnergy

A new book entitled Mathematical GeoEnergy: Oil Discovery, Depletion and Renewable Energy Analysis     by Paul Pukite, Dennis Coyne, and Dan Challou will be published late next year by Wiley as part of their AGU Book Series. We are looking for potential reviewers of the manuscript. As the title implies, the contents are math intensive, and […]

The Way Towards Economic Decarbonization: A New Energy Reality

Since 2014, the International Energy Agency has been observing a remarkable development: despite continuing growth in the global economy, worldwide energy-related carbon dioxide emissions are staying flat. This turning point in emissions signals more than the decoupling of economic activities, writes Lisa Davis, Chairman and CEO of Siemens Corp in the U.S.: it reflects a […]

ExxonMobil Dethroned As Top Energy Company

Gazprom dethroned ExxonMobil as the top energy company in the world, according to the 2017 S&P Global Platts Top 250 Global Energy Company Rankings. The rankings measure the financial performance of energy firms on four key metrics: asset worth, revenues, profits, and return on invested capital. The list only includes companies that have assets greater […]

Kunstler: Fall of the Great Pumpkin

Welcome to the witching month when America’s entropy-fueled death-wish expresses itself with as much Halloween jollity and merriment as the old Christmas spirit of yore. The outdoor displays alone take on a Babylonian scale, thanks to the plastic factories of China. I saw a half-life-size T-Rex skeleton for sale at a garden shop last week […]

The Dirty Secret of Catastrophism Exposed

  If you are a reader of this blog, you may have been wondering what fun is there in writing every day about catastrophes to come: peak oil, abrupt climate change, mega financial collapses, etc.  Why would anyone want to engage in that? Isn’t that a lot of stress? Good questions; and I think I […]

Trouble Is Brewing In The House Of Saud

Saudi women being allowed to drive is a smokescreen – Salafi-jihadism is alive and well inside the Kingdom. What’s more, another coup may be along shortly… Suddenly, the ideological matrix of all strands of Salafi-jihadism is being hailed by the West as a model of progress – because Saudi women will finally be allowed to drive. […]

Want to bet on $100 crude oil in 2018? Some investors already have

When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100. Almost two years later, as a global crude glut shows signs of receding, the oil options market has seen a spike in activity at $100 a barrel, indicating some oil […]

a Practical Method for Desalination of Seawater is Closer to Reality

This could spell bad news for Nestle and other corporations seeking to corner the world market on clean water – but it would mean welcome relief for the hundreds of millions of people who have limited access to such a fundamental part of life. It is well-known that over 70 percent of the earth’s surface […]

Puerto Rico: When the electricity stops

When the electricity stops in modern civilization, pretty much everything else stops. Not even gasoline-powered vehicles can get far before they are obliged to seek a fill-up—which they cannot get because gas pumps rely on electricity to operate. When I wrote “The storms are only going to get worse” three weeks ago, I thought the […]

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