Iran CIVIL WAR brewing: Fury at ‘corrupt’ regime – ‘they make us poorer every day’

With prices spiralling and President Hassan Rouhani at loggerheads with US opposite number Donald Trump, things got even worse this week with the reimposition of tough economic sanctions aimed at further undermining the Islamic fundamentalist republic. Measures which target cars, gold and other metals trading, as well as the government’s ability to buy US dollars, […]

Fusion start-ups hope to revolutionize energy in the coming decades

Martin Greenwald stands in a windowless control room at Massachusetts Institute of Technology, holding a heavy, thick cable in his left hand. Pinched between his right index finger and thumb is a thin strip of dull-brown metal tape. That strip can carry as much electrical current as the hefty cable, he explains, and could enable […]

Where is Iran? What are US sanctions imposed on Iran? Will it cause World War 3?

President Donald Trump’s administration has begun the process of re-imposing sanctions on Iran. In turn, this has reignited fears it could spark World War 3. Where is Iran? Iran is a large country located in the Middle East. Officially known as the Islamic Republic of Iran, it is situated on the Arabian Golf. It borders many countries, including Pakistan, […]

Saudi Arabia is starting to stockpile oil again

The key Opec oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting build-up in their stockpiles should at least help them offset the drop in Iranian supplies as US sanctions start to bite deeper. Crude oil exports from the five Arabian Gulf members of Opec fell […]

Why ‘Peak Lithium’ Is An Irrational Fear

Even ignoring the pop-up ads for lithium producers, serious observers have expressed concerns about the adequacy of those resources. For one thing, the booming demand for lithium-ion batteries for electric vehicles and backup power systems (from household level to utility-scale) has caused some to worry whether the lack of lithium resources will constrain efforts to […]

Something Strange Is Happening In The Saudi Oil Patch

Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season of peak local consumption of crude, Lee notes, as air conditioning demand hits a high. However, this year temperatures have been below the five-year average […]

Venezuela’s president Nicolas Maduro survives assassination bid using drones packed with explosives during live TV speech

Maduro has since called on US president Donald Trump to join his fight against the “terrorist groups” responsible for the attack. But questions have been raised about whether the incident was faked after Maduro quickly blamed political opponents and media footage of the event suddenly cut out. The explosions cut short a televised speech by […]

China tariffs on LNG, oil aim at US energy dominance agenda

China’s proposed tariffs on U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. […]

Boom over: The industry that was spending $10000 a minute has reached its peak

At the peak of the LNG construction boom, oil and gas company Santos was spending about $10,000 a minute over seven years to bring its $25 billion Queensland-based Gladstone LNG project online. But the days of new gas mega-projects being built is over as the industry shifts into a new gear of producing gas, says […]

We’re Going to Die in Record Numbers as Heatwaves Bake The World

Mounting science is painting a very bleak picture of a future of soaring temperatures, and the accompanying death toll those soaring temperatures will demand. New research has given us the first solid prediction of how more heatwaves like the one that’s struck Europe this year will affect future death rates, finding tropical heatwaves in some […]

The Decline and Fall of the American Empire

So what would the decline of America look like? I don’t ask the question because I think it’s happening (yet?), but because even the most inveterate optimist should be interested in the dangers, if only to ward them off. Here’s the cleanest tale of hypothetical decline I could come up with, keeping away from the […]

See the Scars That Oil Exploration Cut Across Alaska’s Wilderness

Matt Nolan, who runs a mapping business in Alaska using aerial photography, was flying a small plane to the Arctic National Wildlife Refuge in the northeastern part of the state last month when he noticed a pattern on the tundra. Dr. Nolan, a geophysicist, saw a grid of tracks left by heavy vehicles involved in […]

Oil market braces for ‘a major supply shock’

Oil prices could soon rally above $90 a barrel amid growing concerns over the prospect of steep declines in Iranian crude, according to industry analysts. Brent crude was on track to post a fourth week of declines in five on Friday, with the global oil benchmark poised to slip more than 1 percent amid continued […]

China Won’t Stop Buying Iranian Crude Oil Despite US Request

Beijing has declined a request by U.S. envoys to stop importing crude oil from Iran, Bloomberg reports, citing unnamed sources in the know. While this is a major setback in President Trump’s quest of cutting Iranian oil exports to zero by November 4, Beijing, according to the sources, agreed to not increase its imports of […]

Trump Escalates Rhetoric on Iran

Rhetoric escalated between the United States and Iran when U.S. President Donald Trump irresponsibly tweeted July 22 that Iranian President Hassan Rouhani must “NEVER EVER THREATEN THE UNITED STATES AGAIN” or else suffer consequences the likes of which “FEW HAVE EVER SUFFERED BEFORE.” The meeting for a Comprehensive agreement on the Iranian nuclear program in […]

Why Collapse Is Leaving Americans In Shock

Have you ever been in a car crash? Do you know that weird, numb, nauseous, out-of-body feeling that hits, after the adrenaline fades? You’re in shock. Now imagine that you were in a car crash every day. How would you feel, after a month? Now consider the fact that we describe the world as a […]

It’s Only August and We’ve Used Up a Year’s Worth of Earth’s Resources

With the planet’s population expected to increase to 10 billion by the year 2050, we desperately need to figure out how we’re going to provide enough food, water, and other vital resources for all of these people. But when you consider the alarming rate at which we’re currently burning through Earth’s resources – even with […]

Turkey’s defection

By embracing BRICS just a year and a half after being spurned by the EU, Turkey signals that it has turned the Eurasian hub decisively toward the east, whether or not Europe gets up the courage to distance itself from the United States. AFTER a multi-year see-saw between an overwhelmingly Christian EU and Muslim Turkey […]

Visualizing How America Uses Its Land In 13 Illustrations

Bloomberg is out with a fascinating look at how America uses its land for various purposes in the lower 48 contiguous states, based on extensive data published in 2017 by the U.S. Department of Agriculture. The 48 contiguous states alone are a 1.9 billion-acre jigsaw puzzle of cities, farms, forests and pastures that Americans use to feed […]

Saudi Arabia Planned to Invade Qatar Last Summer

Thirteen hours before Secretary of State Rex Tillerson learned from the presidential Twitter feed that he was being fired, he did something that President Donald Trump had been unwilling to do. Following a phone call with his British counterpart, Tillerson condemned a deadly nerve agent attack in the U.K., saying that he had “full confidence […]

The State of Fossil Fuel According to World Petroleum Council

The World Petroleum Council: How to Finish the Race with Limited Gas There is this saying that if you fuel your journey with fear and doubt, you are surely going to run out of gas. But fret not, the road is just sometimes fraught with uncharted terrains and bumps. This month’s issue features an exclusive […]

Kunstler: Light it Up?

The Guardians of the Galaxy at National Public Radio were beside themselves Wednesday night reporting that “the lights are blinking red for a 2018 election attack by Russia.” Well, isn’t that an interesting set-up? In effect, NPR is preparing its listeners in advance to reject and dispute the coming midterm election if they’re not happy […]

Russia’s High Risk Global Oil Strategy

The energy industry is highly sensitive to U.S. sanctions due to the petrodollar being the single most important currency in global trade. Washington is able to exert significant influence by limiting access to the dollar through its financial institutions. Russia is especially exposed to Washington’s ire as a significant part of its governments’ coffers are […]

Exxon’s Shocking Supply And Demand Predictions

  Here are the latest oil production numbers from the EIA. All data is in thousand barrels per day unless otherwise noted. (Click to enlarge) The USA through May 2018. The upward surge has stalled for the last two months. U.S. production was down 30,000 bpd in May. (Click to enlarge) It is a little […]

Global Heatwave is Symptom of Early Stage Cycle of Civilisational Collapse

The extreme weather events of the summer of 2018 are not just symptoms of climate breakdown. They are early stage warnings of a protracted process of civilisational collapse as industrial societies face some of the opening symptoms of having already breached the limits of a safe climate. These events are a taste of things to […]

The threat to oil is not just electric cars, but self-driving electric cars

The phrase “peak oil” was coined to explain when the world’s supply of oil would start running out. Over the past decade, however, the meaning has shifted from supply to demand—consumption of oil may dwindle out before resources do. What changed? The rise of electric cars means that there will come a time when more […]

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