Stormy Daniels and “Peak Oil”

Everyone knows about Stormy Daniels. How many know that United States is on track to be a net exporter of oil by the early 2020s? Whatever happened to “Peak Oil”? Weren’t we supposed to be running out of oil? They – the government and the mainstream press – have been saying just that since the […]

Preparing for Collapse, A Few Rants

For a while now I been promising that when I got some other things out of the way, I’d actually talk about preparing for collapse. And that is just what I’m going to be doing in this and the next few posts. Unfortunately, my crystal ball isn’t any better than anybody else’s, probably worse than […]

Even the people with the most to gain from $100-a-barrel oil have a lot to lose

Another eye in the back of your head might be useful this week. Investors are watching the trade situation, a two-day Fed meeting that starts Tuesday, rising bond yields and now, climbing oil prices. LCOX8, -0.45%  was pushing $82 a barrel early Tuesday, extending its climb to a four-year high from Monday. Gains came after […]

Financial Experts Predict Crash Under Trump Greater than Depression

Financial experts noted several ominous economic indicators, including skyrocketing student loans and U.S. household debts, that could predict a crash “worse than the Great Depression,” according to a report in the New York Post. Goldman Sachs predicted that this year’s U.S. fiscal outlook would be “not good,” and that U.S. household debt had been increasing since the 2008 housing crisis […]

Europe Unveils “Special Purpose Vehicle” To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status

In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing […]

Monsanto’s weedkiller harms honeybees

Glyphosate – the most used pesticide ever – damages the good bacteria in honeybee guts, making them more prone to deadly infections Bees in a study marked with non-toxic paint. Photograph: Vivian Abagiu/College of Natural Sciences/UT Austin The world’s most used weedkiller damages the beneficial bacteria in the guts of honeybees and makes them more […]

Somewhere, a Tiger Yawns

“Simple, scalable, and shovel ready. China is moving negative emissions from laboratory to field trial to massive industrial scale.“ Oldest known agricultural village, Jianping China It’s no secret that The Paris Agreement, humanity’s best attempt to date to thwart our own extinction, is inadequate to the task, although it provided some mechanisms by which to […]

Oil could rise to $100 by 2019

Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore. A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File […]

$11 Trillion Needed in Oil Sector to 2040

In the period to 2040, the required global oil sector investment is estimated at $11 trillion. That’s according to the latest OPEC World Oil Outlook report, which was launched on September 23 in Algiers, Algeria. The report outlines that total required upstream capital expenditure related to oil amounts to $8.3 trillion. It is projected that […]

Keystone XL saga enters second decade

Last week marked a decade since TransCanada first applied to build the Keystone XL heavy oil pipeline from Alberta to the Texas Gulf Coast, and the project’s fate is not much clearer today. The failure of Keystone XL and other pipeline proposals to overcome regulatory and court challenges continue to pressure Alberta oil prices, with […]

Global Oil Demand to Peak at 104.4 million bpd by Mid 2030

World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below the current 100 million bpd. This will be as a result of new technologies gradually eat into oil use, China’s Unipec said on Monday at the annual Asia Pacific Petroleum Conference (APPEC) in Singapore. Unipec President […]

Saudi-Russia Reassurance on Oil Supply Lacks Solid Guarantees

U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices got a tepid response, with the group saying it would boost output only if customers requested it. In contrast to the dramatic policy U-turn that Trump’s tweets provoked earlier this year, Saudi Arabia, Russia and their allies signaled less urgency and […]

Did the Club of Rome Ever Disavow “The Limits to Growth”? A Story of Ordinary Disinformation

Aurelio Peccei in 1969, when he was appointed the first president of the Club of Rome The Club of Rome is inextricably linked to the legendary report that it commissioned to a group of MIT researchers in 1972, “The Limits to Growth.” Today, nearly 50 years later, we still have to come to terms with […]

The World’s Fragile Economic Condition

Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued in Part 2 in the near future), I explain how some of the major elements […]

Is The Bakken Close To Breaking?

While the Permian has experienced a drilling boom and has received tons of media attention, a lesser-known but still remarkable revival has been underway in the Bakken this year. At the same time, the increased rates of drilling in North Dakota are starting to reveal signs of strain on the basin, as drillers are increasingly […]

US Nuclear Safety: A Critical Problem That Has Largely Been Kept Out Of The Public Eye

The issue of nuclear safety has been a hot topic in the second half of 2018. It has just been discussed in detail at the 62nd International Atomic Energy Agency (IAEA) conference in Geneva, which was held Sept. 17-21. The international conference on “The Security of Radioactive Material: The Way Forward for Prevention and Detection,” which is scheduled for […]

How The Sahara Could Power The Entire World

Solar and wind farms, stretched across North Africa’s Saharan desert and relying solely on existing technologies, could produce enough electricity to power the entire world. (That amount of electricity approximates over 21 terawatt hours.) As an added benefit these combined wind and solar arrays would also increase rain fail in the arid Sahel region thereby […]

The problem with models…is getting stuck on just one

Alfred Korzybski, the father of general semantics, first uttered what must now seem like a well-worn phrase: “The map is not the territory.” And yet, I don’t think this view has yet been well-incorporated into human culture. In a time when social media outlets are trying to sort what is “fake” from what is “genuine” […]

Russian Oil Production Hits Post-Soviet Record

While there has been no love-loss between the U.S. and Russia in recent years, news coming out of Moscow yesterday was sure to cheer the most ardent Russian naysayers in both Washington and especially the U.S. energy patch. A Russian government official, according to a Bloomberg report, asking to not be named since the information […]

What Comes Next?

Previews of the coming reckoning… All things have a beginning, a middle and and end. And now, more than 3,480 days into the current bull market, the longest in history, we can say with high confidence we are very close to its end. Why? For manifold reasons that are multiplying fast. So many, in fact, […]

The spiralling environmental cost of our lithium battery addiction

As the world scrambles to replace fossil fuels with clean energy, the environmental impact of finding all the lithium required could become a major issue in its own right Here’s a thoroughly modern riddle: what links the battery in your smartphone with a dead yak floating down a Tibetan river? The answer is lithium – […]

Venezuela to significantly increase oil exports to China

Venezuela will increase its oil exports to China to one million barrels a day, President Nicolas Maduro has said, following a visit to Beijing. Already a strong economic partner, China had agreed to invest an additional $5bn in Venezuela, Maduro said on Tuesday, adding that the investment would help it boost production and nearly double […]

Overpopulation and Its Effects

Overpopulation reigns as one of the most eminent dangers facing mankind today; and conveniently remains tremendously overlooked. Most people can acknowledge the threats of global warming, the lack of food and clean drinking water, the epidemic of nearly 6,000 new children being placed in orphanages each day in the United States alone; sadly, more than […]

Is Oil On Its Way To $80?

Bullish news on both the supply and demand side sent oil prices up again on Friday morning, with Brent falling back after flirting with $80. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Oil prices gained this week on outages in Iran […]

It’s time to make cars great again

The Trump administration wants to put you in a newer, better, safer and cleaner car sooner and for less money. In contrast, the state of California and its allies in the radical environmental movement want either to keep you in your clunker longer or to put you in a smaller, more expensive, less convenient electric […]

No sign of waning appetite for oil

Oil is so entrenched in the modern world that demand is still rising by up to 1.5 percent a year Of the almost 100 million barrels of oil consumed daily, more than 60 million bpd is used for transport LONDON: Global oil consumption will reach 100 million barrels per day (bpd) — more than double […]

Duke Energy says dam breached at North Carolina plant and coal ash may be flowing into Cape Fear River

Floodwaters on Friday breached a dam that contains a man-made lake connected to a Duke Energy power plant in North Carolina, possibly causing coal ash to flow into the nearby Cape Fear River, the company said. The floodwaters flowed from Cape Fear River into the northern side of Sutton Lake, an 1,100-acre reservoir built in […]

Arab Conflicts Seen Not Rooted in Ideology Alone

Ideology is not the main reason that some people in the conflict-ridden Arab world join extremist groups. Rather, a host of other issues, including political participation, poverty, income disparity and unemployment, push people toward violence and extremism, a panel of experts said Thursday. “The mainstream population [in the Arab world] is poor and vulnerable. Decisions […]

Global Waste to Grow by 70 Percent by 2050

Without urgent action, global waste will increase by 70 percent on current levels by 2050, according to the World Bank’s new What a Waste 2.0:  A Global Snapshot of Solid Waste Management to 2050 report. Driven by rapid urbanization and growing populations, global annual waste generation is expected to jump to 3.4 billion tonnes over […]

Donald Trump tells Opec to lower oil price

Boom! The US president has demanded that the OPEC oil cartel take action to bring the oil price down. Donald Trump has tweeted that Middle Eastern countries aren’t showing sufficient gratitude for America’s military support, by pushing crude prices to their current levels. Donald J. Trump (@realDonaldTrump) We protect the countries of the Middle East, […]

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