After ‘Peak Water,’ the Days of Plenty Are Over

In a recent paper in Science of The Total Environment, a team of Chinese researchers created a model of the Urumqi No. 1 catchment in Xinjiang, China, and made a surprising discovery. As they sought to estimate the effects of global warming on glacier thinning, retreat and local supply of water resources, they found that […]

Analysts: SPR Release Won’t Lower Gasoline Prices

Even if the U.S. Administration decides to release crude oil from the Strategic Petroleum Reserve (SPR), American drivers are unlikely to see gasoline prices coming down, because U.S. refiners already have enough oil to run at maximum rates, and much of the oil products that would be produced could be exported, analysts briefed by Reuters […]

After Billions in Blowouts, Mega Oil and Gas Projects Are Back

Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 crude. From liquefied natural gas in Mozambique to deep-oil in Guyana, the world’s biggest energy companies are gearing up to sanction the first slate of […]

Saudi Arabia And Iran Reignite The Oil Price War

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to […]

Apocalypse by 2040? Shock as MIT computer model predicts END DATE for civilisation

A COMPUTER MODEL developed in 1973 by a team of MIT researchers has predicted the “end of civilised life as we know it” by 2040, with a major change coming in 2020 – just two years away from now. An apocalyptic computer model, processed by one of the world’s largest computers in 1973, has predicted […]

Rapid Depletion of Oil Reserves Continue to Influence Growth

Well interventions are used to avoid future problems in oil and gas wells, safely suspend production during storms or planned maintenance, clean and remove debris before completion and stimulation to rejuvenate production. In this regard, the well intervention market is anticipated to witness moderate CAGR during 2018 to 2026. This insight has been mentioned in […]

Rand Paul Is Single-handedly Preventing War With Iran

A report citing an unnamed aide to President Trump has suggested that the only reason that the US has not because embroiled in military conflict with Iran is because Rand Paul has the President’s ear on foreign policy and is offsetting the parade of war hawk neocons circling Trump. The report, published by Politico, notes […]

The Black Plague And Nuclear Energy

wanted to share an article with you today because it explains so darn well how investment markets work… and yet it has nothing ostensibly to do with investment markets. The original can be found here. The black plague, also known as the black death, is a disease caused by the bacterium Yersinia pestis. It enters […]

PetroChina To Impose Temporary Halt On US LNG Purchases

Energy traders were on alert when Reuters reported last week that Chinese energy giant, PetroChina – the world’s first company to hit (and lose) a $1 trillion market cap long before Apple – was in advanced discussions with Qatar to purchase liquefied natural gas (LNG) under short- and long-term agreements. The superficial explanation was that […]

Climate, politics and the narrow vision of futurists

Most people know the tale of the blind men and the elephant. Each describes a part of the elephant. The elephant is said to be like a pillar by the blind man touching the elephant’s leg. The one touching the elephant’s tail says the elephant is like a rope and so on. Now, let’s substitute […]

Oil Is Losing Its Grip Over the Currencies of Top Energy Producers

Oil’s typically a key driver of the world economy, and an indicator of the industrial cycle. Higher prices can act as a drag on global growth while enriching nations who suck it out of the soil. When other drivers such as politics take hold of their currencies, crude can become a useful diversifier for a […]

My Plastic Fantastic Love Affair

  Her neon mouth with a bleeding talk smile Is nothing but electric sign You could say she has an individual style She’s a part of a colorful time Super-sealed lady, chrome-color clothes You wear ’cause you have no other But I suppose no one knows You’re my plastic fantastic lover Your rattlin’ cough never […]

War Without End

Second Platoon did not hide its dark mood as its soldiers waded across the Korengal River in the bright light of afternoon. It was early in April 2009 and early in the Pentagon’s resumption in earnest of the Afghan war. The platoon’s mission was to ascend a mountain slope and try to ambush the Taliban […]

Using Microbes to Convert CO2 to Natural Gas

Lawrence Livermore National Laboratory (LLNL), in collaboration with Southern California Gas Co. and Stanford University, are using microbes to convert carbon dioxide directly to renewable natural gas. The U.S. Department of Energy recently awarded the power-to-gas project $800,000. SoCalGas will provide co-funding of $400,000 in addition to $125,000 of seed funding it provided in 2017. Using microbes to convert carbon […]

Peak oil went in the barrel — now the debate is over peak oil demand

When I started writing this column here a decade ago, I laid down several markers that might shove us sideways. Long before the word became a tech commonplace, I called the sum of these trends the Great Disruption. One was peak oil. This didn’t mean “the world about to run out of oil.” Instead, it […]

Ten Years After the Crash, We Are Still Living in the World It Brutally Remade

If you were standing in the smoldering ashes of 9/11 trying to peer into the future, you might have been overjoyed to discover this happy snapshot of 2018: There has been no subsequent major terrorist attack on America from Al Qaeda or its heirs. American troops are not committed en masse to any ground war. […]

$90 Oil Is A Very Real Possibility

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year. The first round of U.S. sanctions on Iran just took effect, a slew of measures targeting Iran’s currency and its financial sector. The U.S. sanctioned the trading of bank notes issued by the Iranian government, the trade of gold […]

Hyperloop transport moving closer to reality

In India, Virgin has partnered with the state of Maharashtra to build the world’s first hyperloop track. The ultra-fast rail system will link Mumbai and Pune and help to modernise the South Asian nation’s transport infrastructure Mumbai, India’s largest city. The proposed route will allow for ultra-fast travel between Mumbai and Pune, via the soon-to-be-completed […]

Kunstler: Fever Pitch

Those in the USA who have not been driven plumb insane by President Donald Trump are probably scratching their heads down to the subdural cavity this week with his imposition of more severe sanctions on Russia only a month after he went to Helsinki to repair tattered relations with Russia’s president, Mr. Putin. The official […]

BP Is ‘On The Cusp’ of Delivering Huge Oil and Gas Results

Goldman Sachs reminded us just how bullish it is on BP PLC  (BP) . With a “buy” rating on the oil giant, analyst Michele Della Vigna wrote in a note to clients that “BP is on the cusp of delivering one of the industry’s strongest pipelines of new oil & gas projects.” That, coupled with several […]

Energy Slaves, “Hard Work,” and the Real Sources of Wealth

Check out this brilliant ‘long-form comic’ by Stuart McMillen: Energy Slaves.  Click here or on the URL above. Many Canadians and Americans struggle financially.  Millions are unemployed.  Many others live paycheque-to-paycheque.  A 2017 report by the US Federal Reserve Board found that 40 percent of US citizens couldn’t cover an unexpected expense of $400 without selling something or borrowing […]

IDF says war in Gaza approaching

A member of the Hamas military police walks through rubble at a site that was hit by Israeli airstrikes in Gaza City on August 9, 2018 (AFP PHOTO/MAHMUD HAMS) A senior army official warned Thursday morning that Israel was nearing a full-blown military confrontation in the Gaza Strip after hundreds of rockets were launched overnight […]

At Iran’s Risk, Trump Is Winning Over Fastest Growing Oil Market

One of Iran’s biggest oil customers is buying more U.S. crude as President Donald Trump sticks to his pledge to squeeze the Persian Gulf nation’s energy trade. State-run refiner Indian Oil Corp., which had been buying U.S. crude in the spot market, signed a term tender to purchase American oil for delivery every month between […]

The Next Big Energy Standoff Will Happen Here

The Association of Southeast Asian Nations (ASEAN) and China have agreed on a so-called single  working text to continue negotiations for a Code of Conduct (COC) in the disputed South China Sea. “I am pleased to announce yet another milestone in the COC process,” said Vivian Balakrishnan on Thursday, Singapore’s foreign minister, who is hosting […]

Will Paul Ehrlich’s prediction finally come true?

The Green Revolution may have prevented the fate that was forecasted for a world bursting at the seams and unable to feed itself. But unlimited population growth means that doomsday could be well within sight In the period 1975–2018, world population increased steadily at 83 million per year, and reached 7.6 billion in 2018. The […]

How the World Elites are Going to Betray us: Lessons from Roman History

The more I study the story of the Roman Empire, the more I see the similarities with our world. Of course, history doesn’t always repeat itself, but it is impressive to note how with the start of the collapse of the Western Empire, the Roman elites abandoned the people to build themselves strongholds in safe […]

Exxon Said to be Close to Hitting ‘Huge’ Oil Reserves Near Pak-Iran Border

ExxonMobil is “very hopeful” of success in discovering a “big cache” of oil off the Indus Delta, the Pakistan minister for maritime affairs and foreign affairs, Abdullah Hussain Haroon, has said in a press statement. “ExxonMobil has purchased a block of Pakistani deep sea drilling rights off the Indus Delta for exploration. Their drilling is […]

Its Not The Heat. It’s The Stupidity

With your sweaty host, Category5. (Thanks, J.T., J.S. and T.M. for the donations. Its been put to good use for a future article)   There is only one subject worth talking about. THE subject. The Heat. Ya. I know I said I wouldn’t be back till the winter once all the chores and Honey, Do […]

Johan Rockström predicts climate doom again but is not advocating nuclear or ocean solutions

If global warming reaches 2 degrees C it could trigger a feedback, or “tipping element,” in one or more of our natural systems and drive further warming, Rockström. * Johan Rockström has predicted ticking environmental clocks to doom before. I will review his warning from 2009. * Many others have predicted climate runaway scenarios * […]

John Michael Greer: The Kek Wars, Part Four: What Moves In The Darkness

In last week’s thrilling episode of The Kek Wars, we saw how a band of outsiders linked by the network of online forums loosely called “the chans,” and armed with the tools of chaos magic, found themselves in the midst of a cascade of meaningful coincidences and strange happenings, more or less clustered around Pepe […]

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