THE ENERGY CLIFF APPROACHES: World Oil and Gas Discoveries Continue To Decline

As the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017.  And to make matters worse, world oil investment has dropped 45% from its peak in 2014.  If the world oil industry doesn’t increase its capital expenditures significantly, we are going to hit […]

Saudi king said will boost oil output if needed

The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White House said on Saturday, rowing back on an earlier Trump tweet that appeared to suggest the Saudis had agreed to boost output by that […]

Food, oil to stoke June inflation

The Philippine Statistics Authority (PSA) will report official inflation data on Thursday. Latest forecasts show that prices have definitely picked up faster than the 2.5% pace clocked in June 2017. — BW FILE PHOTO By Melissa Luz T. Lopez, Senior Reporter INFLATION likely clocked in faster in June on the back of rising food and oil […]

David Korowicz: A study of global system collapse

  [ I’ve extracted about half of Korowicz’s paper, left out the references, math, charts, and tables, so you might want to read the original document yourself.   This is a great explanation – one of the best – of the intertwined spheres of complexity (financial system, supply chains, oil production, electric grid, and so on) […]

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