US Shale Can’t Offset Record-Low Oil Discoveries

The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil overhang and boost oil prices has been the other key development in 2017. U.S. shale production is expected to grow over the next few years as the companies that survived […]

Oil And Iran

The world Is watching and so is oil as the death toll rises in the streets of Iran, where the people revolt against a terrible economy and the lack of any real freedoms and rights. At least 19 people were reported killed in street protests in Iran, while President Hassan Rouhani on one hand defended […]

Toyota wants to change the world with Mirai, its new hydrogen car

The fourth-generation Toyota Prius is manufactured at the company’s Tsutsumi plant, a few kilometres south-east of Nagoya, around 100 minutes from Tokyo by Shinkansen bullet train. From Tsutsumi’s viewing gantries, two production lines stretch away into the distance. These halls house the trim workshop. Here, completed body shells roll in, are divested of their doors […]

Kunstler: Forecast 2018 — What Could Go Wrong?

Markets If you take your cues from Consensus Trance Central — the cable news networks, The New York Times, WashPost, and HuffPo — Trump is all that ails this foundering empire. Well, Trump and Russia, since the Golden Golem of Greatness is in league with Vladimir Putin to loot the world, or something like that. […]

Ten Years Ago Oil Was Worth $100 More Than Today

As the calendar changes, the price of West Texas Intermediate oil (WTI) is hovering around $60 per barrel. WTI is the U.S. benchmark oil and the underlying commodity used by the New York Mercantile Exchange in oil futures contracts. It is based on a type of light, sweet oil that was produced primarily in Texas […]

Mature ‘super basin’ in US breaks 44-year oil record

A mature ‘super basin’ located in Texas and New Mexico has set a new oil-production record, beating its previous peak set in 1973. The Permian Basin has reached a new production volume of at least 815 million barrels in 2017, far exceeding its previous peak of 790 million barrels, according to new analysis from information […]

The Biggest Oil Story Of 2017

There have been plenty of eye-catching stories in the energy industry this year, but one notable development has been the rise of the U.S. as a crude oil exporter. The ban on crude exports from the U.S. was lifted at the end of 2015, and exports ticked up in the following year, but only modestly. […]

Kunstler: The Year in Trump

There he is, our president, both immovable object and irresistible force, unsmiling with slitty eyes beneath that car-hood of a hair-doo, lumbering from one presidential prerogative to the next through squalls of opprobrium, perplexing leaders from foreign lands, punking congressmen and senators, inducing swoons of un-safeness among the zhes, theys, and thems on campus, provoking […]

7 Huge News Stories You Probably Didn’t Hear About In 2017

2017 was a chaotic year filled with violent protest, threats of nuclear war, ongoing Cold War-style accusations of collusion with ‘the Russians,’ and widespread allegations of sexual harassment.   Establishment media outlets like Washington Post and CNN took it upon themselves to protect American democracy from the Trump administration, but in typical fashion, many of the most vital stories […]

Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency

The Venezuelan government has published a decree outlining the operation of Venezuela’s national cryptocurrency, the Petro. It details the government’s plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil. 5 Billion Barrels of Oil and Mining Plan Nicolás Maduro. […]

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