Saudi-UAE-US Air Raids Kill Dozens, Including 22 Children

Rebels say air strikes targeted a camp for IDPs in Duraihami, an area which has seen intense clashes in recent weeks. Yemen: Air raids kill dozens of childrentoday HRW says Saudi-UAE alliance covering up war crimes in Yementoday Residents of Korea’s Jeju island talk about Yemeni refugeesyesterday Yemenis shut down construction of Saudi military baseyesterday […]

why do political and economic leaders deny peak oil and climate change?

Since there’s nothing that can be done about climate change, because there’s no scalable alternative to fossil fuels, I’ve always wondered why politicians and other leaders, who clearly know better, feel compelled to deny it. I think it’s for exactly the same reasons you don’t hear them talking about preparing for Peak Oil. 1) Our […]

Steady as she goes: Scientists tame damaging plasma instabilities

Before scientists can capture and recreate the fusion process that powers the sun and stars to produce virtually limitless energy on Earth, they must first learn to control the hot plasma gas that fuels fusion reactions. In a set of recent experiments, scientists have tamed a plasma instability in a way that could lead to […]

Why American Collapse Is Coming To A Country Near You

A friend said on Twitter, last night, “I understand Umair’s points about America. But I don’t get why Europe isn’t being stricken by American collapse, too.” You might think, reading recent essays, that I suppose Europe (Canada, Asia, whomever) is immune from what America’s going through. I’m sorry if I’ve given you that impression. No […]

A Seed Of Populism

As a surge of populism is altering the face of politics around the world, a puzzling irony hangs in the air: populism wins approval and votes from a generally hard-working socio-economic sector that often struggles to make ends meet – yet its leaders, once elected, commonly implement policies that slash at programs supporting the education, […]

‘Peak Coal’ is Getting Closer, Latest Figures Show

Total global coal capacity continues to inch up, but a peak is on the horizon. In the first half of 2018, retired capacity has nearly matched newly operating plants and the global pipeline for proposed coal is quickly eroding. This is according to CoalSwarm’s latest Global Coal Plant Tracker results, which we completed in July 2018. Our figures confirm […]

This Vital Oil And Gas Choke Point Could Be At Risk

Beijing is taking to task a Pentagon report, ”Military and Security Developments Involving the People’s Republic of China 2018” released last Thursday on China’s military activities. The annual report issued by the Pentagon and presented to Congress, highlights growing Chinese naval capability, all the while underscoring the narrowing gap between China’s maritime forces and he U.S. […]

Saudi Arabia Calls Off Aramco IPO, Disbands Advisors

Two years ago, when the Aramco IPO was first floated, bankers on Wall Street declared a week-long fee orgy: after all, the $1+ trillion IPO – the biggest in history – was going to result in an underwriting fee bonanza. However, it was not meant to be, and last October the first reports emerged that the IPO […]

China Shipowners Shunning Iranian Oil as U.S. Sanctions Near

China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade. All 17 ships used to carry oil from the Islamic Republic to China in July and August are owned by the state-run National Iranian Tanker Co., […]

The Price of Oil.. with one comment

Crude oil is the world’s biggest and most important traded commodity. Figure 1: The chart shows the oil price (Brent) with some policies/decisions/events. The monetary and fiscal policies of the world’s largest economies, China [red text boxes] and the US [yellow text boxes] and supply events/policies [grey text boxes]. The red line shows the annual […]

Alaska’s North Slope ‘Super-Basin’ Still Holds 28 Billion Barrels of Oil

Since its discovery in 1968, Alaska’s North Slope (ANS) basin has produced nearly 17 billion barrels of oil. Since hitting a peak of 2 million barrels of oil a day in the late 1980s, production has fallen to around 400,000 barrels a day as of last week. But a lot more North Slope oil remains […]

China builds an ‘Ecological Civilization’ while the world burns

Record heat waves and massive forest fires are sounding the alarm – nature and humanity face an existential crisis. To avert the rapidly growing ecological crisis and adapt to the inevitable consequences of climate change, civilization is being urgently called on to act. In one hopeful sign, an entire nation of 1.3 billion people, China, […]

The Telltale Signs Of Imperial Decline

Nothing is as permanent as we imagine – especially super-complex, super-costly, super-asymmetric and super-debt-dependent systems. Check which signs of Imperial decline you see around you: The hubris of an increasingly incestuous and out-of-touch leadership; dismaying extremes of wealth inequality; self-serving, avaricious Elites; rising dependency of the lower classes on free Bread and Circuses provided by a […]

Mexico Production and Reserves, 1H2018

Mexico oil production is in decline though, at the moment, not as steep as it was expected to be (at least by me – IEA predictions are closer). Data is through June and comes from Pemex and National Hydrocarbons Information Center (CNIH) (both sites are pretty good). For June C&C was 1870 kbpd, down 25 […]

Kunstler: The Winners Will Lose and the Losers Will Win

Who doesn’t want to think that they are a good human being? That they are a person of good intentions, clear conscience, fair-minded, generous, loving, and merciful? On the other hand, who wants to be a loser? The current political predicament in the USA has America’s winners turned losers and the consequent pain of that […]

Why so Many People on Earth? The Ideology of Natalism

(Above: a 19th century English family).  A few years ago I was invited at a reunion of citizens concerned about social issues. When I was there, I was startled to discover that only concern of the group was the evils of abortion. It was a fascinating experience: one of the persons speaking reported a calculation […]

World is consuming resources at an alarming rate, far quicker than our planet can replenish

Consumerism is an economic theory; it says that a progressively greater level of consumption is beneficial to consumers. Since the 1800s and the Industrial Revolution, the world has been consuming at a higher rate than ever. Consumerism is an economic theory; it says that a progressively greater level of consumption is beneficial to consumers. Since […]

Energy conservation? Trump administration says it isn’t needed

Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs. The position was outlined in a memo released last month in support of the administration’s proposal to relax fuel […]

The Sudden Death of Peak Oil – 4.5 Trillion Barrels of Oil Left

Google trends – nobody is interested anymore in the topic of “peak oil” Technology is not just expanding our daily oil production; it also continues to increase the amount of oil and liquid fuels we can count on for the future. In 1981, the U.S. Geological Survey estimated that remaining global recoverable crude and condensate […]

BIG TROUBLE BREWING AT THE BAKKEN: Rapid Rise In Water Production Signals Red Flag Warning

Big trouble is brewing in the mighty North Dakota Bakken Oil Field.  While oil production in the Bakken has reversed since it bottomed in 2016 and increased over the past few years, so has the amount of by-product wastewater.  Now, it’s not an issue if water production increases along with oil.  However, it’s a serious […]

Oil Price Rise to Drive Up Drilling Globally

The rise in oil prices is feeding through into higher spending in the oil and gas sector and will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research. “Globally, rotary rig counts have averaged 183 rigs higher […]

No Seller – Not Even China – Can Disrupt US By Selling Treasurys…But The “Why” Ain’t Good

I often read that China may retaliate against US trade sanctions by further decreasing their US Treasury holdings, sending Treasury yields significantly higher, thus blowing out US deficit spending on interest payments.  Trouble is, Chinese Treasury holdings peaked in 2014 (on an annualized basis) and have been declining since.  The Chinese have not only ceased accumulating US […]

Iranian-Backed ‘Sleeper Cell’ Militants Hibernating in U.S., Positioned for Attack

Iranian-backed militants are operating across the United States mostly unfettered, raising concerns in Congress and among regional experts that these “sleeper cell” agents are poised to launch a large-scale attack on the American homeland, according to testimony before lawmakers. Iranian agents tied to the terror group Hezbollah have already been discovered in the United States […]

Saudi Aramco committed to meeting future oil demand

Saudi state oil giant Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom’s Energy Minister Khalid Al Falih said in a company report on Friday. Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia May 25, 2018. REUTERS/Sergei Karpukhin Aramco, which is […]

How Ghana’s Rapid Population Growth Could Become an Emergency

Paul Ayormah and his fellow farmers make their way home after hours spent manually weeding a friend’s one-acre maize farm in Ghana’s Eastern Region. “Tomorrow it will be the turn of my maize farm,” he tells IPS. This year, Ayormah and his colleagues who live in Donkorkrom in the Kwahu Afram Plains District of the […]

Kunstler: The Three-headed Monster

The faction that used to be the Democratic party can be described with some precision these days as a three-headed monster driving the nation toward danger, darkness, and incoherence. Anyone interested in defending what remains of the sane center of American politics take heed: The first head is the one infected with the toxic shock […]

Is Deepwater Drilling More Profitable Than Shale?

Just as the U.S. shale patch is starting to look a little crowded, deepwater drilling could see a comeback. Royal Dutch Shell says that offshore drilling is now more competitive than onshore shale drilling, upending what has become conventional wisdom since the 2014 oil market meltdown. The downturn was thought to place a premium on […]

A Better World Is Here

The belief that everything is getting worse paints a distorted picture of what we can do, and makes us more fearful. But while getting the facts wrong – or willfully misrepresenting them – often results in misguided policies, fact-based recognition of what humanity has achieved encourages policies that can achieve the most good. SKANDERBORG, DENMARK […]

New world currency will topple dollar

MOSCOW The use of the U.S. dollar to put pressure on other countries will lead to the creation of an alternative world currency, costing the dollar its world currency status, a top Russian deputy told Anadolu Agency on Wednesday. Anatoly Aksakov, who heads the Russian State Duma Financial Committee, said the dollar gained its “world […]

Hyperinflation Has Destroyed Venezuela

Has coffee become an unattainable luxury? It is if you live in Venezuela’s capital of Caracas. In July, the price of a cup of coffee was 2 million bolivars. In a country where the minimum wage has been raised to 3 million bolivars, coffee has become as unaffordable as food, housing, clothing, and medicine. Venezuela is in […]

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