Where are We Going?

By Nate Hagens, Ed. note: Nate Hagens gave this talk on Earth Day on April 23, 2018 at The Land Institute, Salina, Kansas. What follows is an edited transcript of the talk. The Human Predicament Around 11,000 years ago, as the last ice age ended, our ancestors – in no fewer than 5 locations around […]

Iran oil min says Tehran prefers ‘reasonable’ oil price

Iranian Oil Minister Bijan Zangeneh said on Sunday that Tehran preferred a “reasonable” crude oil price to avoid market instability, the ministry’s news agency Shana reported. Zangeneh said that reasonable oil prices would “encourage producers to keep supply while it would prevent global markets from plunging into instability,” according to Shana. He added that “manufactured […]

Oil hits $70 for the first time since 2014

Oil prices jumped to their highest since late 2014 on Monday on a deepening economic crisis in Venezuela and worries that the Unites States could re-impose sanctions on Iran. The dollar neared its 2018 peak at the same time. U.S. crude oil prices rose 70 cents, or 1 percent, pushing above $70 a barrel for […]

The ecologists who think moving to cities will save the planet

Getty Images / H. Armstrong Roberts / Stringer As far as professions go, conservationists are not known for their optimism. And, with the future of the planet looking so bleak, who can blame them? By 2100, the world is on track for more than three degrees of warming, sliding past the targets set by the […]

Billions on the line as Trump weighs Iran pullout

From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump weighs whether to pull America out of Iran’s nuclear deal with world powers. Regardless of where they are headquartered, virtually all multinational corporations do business or banking in the U.S., meaning any return to pre-deal sanctions could […]

Yemeni Rebels Begin Attacking Saudi Oil Infrastructure: You Know What That Means

The Houthi rebels in Yemen, officially known as Ansurallah, have vowed to intensify rocket attacks on Saudi Arabia’s critical oil infrastructure, warning that they are now manufacturing their own ballistic missiles to achieve those aims, the Financial Times reports. The threat comes at a time when Houthi attacks on Saudi Arabia have begun to increase. […]

Mysterious “Dead Zone” In Arabian Sea Far Worse Than Expected

Thanks to advances in robotic technology, scientists have been able to study a massive “dead zone” in the Arabian sea – a region with so little oxygen that virtually nothing can live. Scientists began to observe the oxygen-starved zones in the 1970s – which naturally form in the deep sea, but are also found wherever excess nitrogen and phosphorous-based fertilizers run off into coastal […]

World Not On Track To Meet Global Energy Targets

A new report from five international agencies has concluded that the world is not on track to meet 2030 global energy targets set as part of the Sustainable Development Goals, but that “real progress” is being made and helping to show signs of promise, particularly in expanding electricity access in developing countries and increasing industrial […]

UK to ban most hybrid cars, including Prius, from 2040

Hybrid cars that rely on traditional engines, such as the Toyota Prius, would be banned by 2040 under plans being drawn up by the UK government that would outlaw up to 98 per cent of the vehicles currently on the road. Vehicles such as the Prius — the best-selling hybrid car in Britain — will […]

U.S. To Become World’s Top Oil Exporter

As global oil markets shift their attention from U.S. shale oil production back to a resurgent Saudi Arabia and Russia and geopolitical concerns bearing down on oil prices, Citigroup said last Wednesday that the U.S. is poised to surpass Saudi Arabia next year as the world’s largest exporter of crude and oil products. The U.S. […]

Kunstler: The Horsefly Cometh

You can see where this Mueller thing is going: to the moment when the Golden Golem of Greatness finally swats down the political horsefly that has orbited his glittering brainpan for a whole year, and says, “There! It’s done.” It suggests that Civil War Two will end up looking a whole lot more like the […]

So About that “Tomorrow’s Economy”…

Are you for building a “resilient infrastructure for tomorrow’s economy”? Me too! Or #MeToo. This new political idea is being fertilized with this dogmatic article of faith: “It is critical we take strong and comprehensive action to protect all Californians from the threat of natural disasters and climate change” – Joint statement of Governor Edmund […]

LAVA ERUPTION IN LEILANI ESTATES

Evacuations ordered as volcanic eruption continues in lower Puna (Image: Jeremiah Osuna/Facebook) PUNA, BIG ISLAND (HawaiiNewsNow) – Residents in Puna’s Leilani Estates subdivision fled with little more than the clothes on their backs Thursday night after an eruption in Kilauea’s east rift zone created a fissure in the community, spewing lava into the air as […]

Fusion scientists find inspiration in atmospheric whistles

Spectrogram of whistler wave activity measured in the DIII-D device. Intermittent bursts of activity indicate that whistlers are interacting with relativistic electrons in a cyclic manner. Credit: US Department of Energy May 3, 2018, US Department of Energy The challenge of fusion energy is often equated to capturing—and holding—lightning in a bottle. The analogy is […]

Iran expects U.S. to walk away from nuclear deal

Saying the United States is likely to walk away from a U.N.-backed nuclear agreement next week, OPEC-member Iran said it was making budget preparations. U.S. President Donald Trump needs to decide by May 12 whether to issue sanctions waivers to Iran. If he doesn’t, it would counter the U.N.-backed nuclear agreement that opens trade doors […]

Climate change is ‘not as bad as we thought’ say scientists

CLIMATE change is likely to be markedly less severe than forecast, a study claimed yesterday. It predicted that the impact could be up to 45 per cent less intense than is widely accepted. But the study emerged as other scientists said winter waves pounding the Scottish and Irish coasts have grown grow by up to […]

Will Higher Oil Prices Destroy Demand?

Oil prices have dipped a bit this week, but still remain at their highest levels in nearly three and a half years. The reasons are by now familiar to most readers who pay attention to the daily whims of the oil market: OPEC cuts, falling inventories, geopolitical unrest and strong demand growth, to name a […]

China’s Growing Oil Demand Has Created A Geopolitical Dilemma

China has become the world’s largest oil importer, and despite establishing the largely successful yuan-denominated oil futures, Beijing will have to grapple with an overlooked geopolitical and economic consequence as it seeks to quench its thirst for oil and gas. As China relies more on both foreign crude oil imports and imported gas in the […]

$3 gas coming to a station near you

There’s a good chance you’ll soon see regular gas selling for $3 a gallon. Concerns that President Donald Trump is about to impose new sanctions on Iran have sent oil prices climbing, and gas prices are coming along for the ride. The national average price is up to $2.81 a gallon according to AAA, an […]

“Unusual Eruptions” At World’s Largest Active Geyser In Yellowstone Stoke “Supervolcano” Fears

One month after we reported that fears of an eruption at the Yellowstone supervolcano continue to grow following the first eruption of the world’s largest active geyser for the first time since 2014, overnight Reuters reported  of continued “unusual eruptions” at the same location after said giant geyser erupted no less three times in the […]

Goldman Sachs: The case for owning commodities has “rarely been stronger”

The strategic case for investing in commodities has “rarely been stronger” than it is now, according to Goldman Sachs. In a note published yesterday, Goldman Sachs researchers said commodities are the best performing asset class of 2018. According to the lender’s figures, commodity markets are outperforming equities by eight per cent, with a year-to-date return […]

Saudi Arabia needs oil at $85 a barrel to balance budget

Moody’s rates Saudi Arabia as A1 stable, with a strong fiscal position and significant liquidity buffers While a new Moody’s Investors Services says that Saudi Arabia’s credit outlook is stable and buffered by a strong fiscal position, the International Monetary Fund’s regional director believes that that the kingdom needs oil prices to be at least […]

Audit Puts Aramco’s Oil Reserves At 270 Billion Barrels

An international independent audit of the oil reserves of Saudi Aramco has more than confirmed the official figures released by Riyadh for three decades, putting the number at 270 billion barrels, two unnamed sources close to the company told Reuters. The audit was conducted by companies including DeGolyer and MacNaughton, and Baker Hughes’ Gaffney, Cline, and Associates. […]

Oil Rises as ‘Alarm Bells’ Sound Over Unraveling Iran Nuke Deal

Crude rose after Israeli intelligence about Iranian nuclear ambitions heightened concern an international accord may unravel. Futures in New York rose 0.7 percent on Monday to settle just pennies shy of a three-year high. Israeli Prime Minister Benjamin Netanyahu said Iran had a secret plan to build nuclear weapons. The announcement comes less than two […]

How Natural Gas Works

Natural gas, called “the prince of hydrocarbons” by some, is an increasingly important fuel source in the world energy system. Easy to transport, easy to use, cheap and relatively clean, it is an excellent way to improve our energy system in the short run. While a vast improvement over coal and oil, it is not […]

Collusion: How Central Bankers Rigged the World’

THE BREXIT EFFECT Prospects for the first post-Brexit G20 meeting were bright for China. The September meeting was a major step toward a reorganization of European cooperation. Concerns about currency markets increased with Brexit in regard to volatility, a rise of protectionism, and more conjured-money policies, as was evident by the Bank of England cutting […]

Fukushima Seven Years Later: Case Closed?

Investigators at the Fukushima power plant. Official investigations into the Fukushima nuclear disaster conclude that upholding international safety standards alone guarantees nuclear safety, But the plant manager’s account of the catastrophe sheds  new light on the story, writes Franck Guarnieri of MINES ParisTech university. Courtesy: The Conversation.   On March 11, 2011, a nuclear disaster struck Japan. […]

Peak Carbon

Is peak carbon behind us? Back in November of last year, the US and China came to an agreement to ensure a peak in carbon dioxide emissions by 2030. After 2030, yearly emissions would go down. Estimates by scholars in China were that by 2030, emissions would peak at 10.6 billion tonnes, 34% above the 2012 […]

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