The End Of Kings

This is one of the coolest things I’ve ever taken part in. Sustainable Human has made an incredibly beautiful short film out of one of my essays, narrated by me, and I’m so excited to share it. There’s so much love for humanity shining through it’s made me cry like three times, and I wrote […]

Say Goodbye To Cheap Oil… For Now

Oil prices will be much higher over the next few years than previously thought, according to a new report from Barclays. The investment bank significantly raised its pricing forecast for 2020 and 2025 in its annual medium-term oil report. Barclays expects Brent to average $75 per barrel in 2020, up from a previous estimate of […]

Eco-Civ 101

“We are the people who are eating the first crabs.“ I have never been terribly fond of cities, but if you had to live in a Chinese megacity, you could do worse than Chengdu. It is the capital of Sichuan Province so you know the food is going to be good. It has been sobriqueted […]

Peak Oil: A Lesson in False Prophecy

As recently as 10 years ago, we were told that the world was running out of oil soon. Horrors! Then, directional drilling and fracking opened up the prolific resource of “tight” oil shale. New production records are being set daily; the U.S. now leads the world in oil reserves, ahead even of Saudi Arabia. Hubbert’s […]

Why Human Driving Will Never Die

I recently watched some of my old Cannonball Run videos, and I couldn’t stop thinking how much safer I would have been if no one else had been driving. Those pesky untrained commuters. So dangerous. Actually, everyone would have been a lot safer if I hadn’t been driving either. If everyone else had been in […]

The Super Rich of Silicon Valley Have a Doomsday Escape Plan

Years of doomsday talk at Silicon Valley dinner parties has turned to action. In recent months, two 150-ton survival bunkers journeyed by land and sea from a Texas warehouse to the shores of New Zealand, where they’re buried 11 feet underground. Seven Silicon Valley entrepreneurs have purchased bunkers from Rising S Co. and planted them […]

The Water Crises Aren’t Coming—They’re Here

Sean Freeman I. All the Water There Is Here’s a concept: paper water. Paper water is water the government grants certain farmers who are drawing water from a river or a watershed in, say, California. The phrase describes the water the farmer, under premium conditions, is entitled to. Practically, however, paper water is mostly notional […]

No Fracking Way: Debt-Laden Shale Producers May Unleash The Next Financial Crisis

After nearly two decades of horizontal drilling, fracking – as it is commonly known, has “turned the energy world upside down,” according to Journalist Bethany McLean, a former Goldman Sachs analyst-turned-journalist. And according to a new op-ed in the New York Times, McLean has a warning for anyone betting the farm on the shale industry; beware. In a […]

The History of Gold-Oil Ratios: 1970-2018

Today I document and analyze gold and oil prices and their ratios from January 1970 to August 2018. This is the second part of our research and analysis on gold-oil ratios since World War II.   As a reminder, we use monthly average London gold prices provided by Kitco.com and monthly average oil prices for […]

Are Oil and Gas Executives Overpaid?

(Today’s post is co-authored by Catherine Hausman, an assistant professor at the University of Michigan and Ph.D. graduate of UC Berkeley.) New Energy Institute study finds that U.S. oil and gas executives are “paid-for-luck,” with executive compensation increasing significantly during periods of high oil prices.   Crude oil prices are now near $70 per barrel, […]

TFN #17: Technical Difficulties

In this episode of TFN, Stim loses his shit while discussing Trump’s ongoing legal shenanigans, leading to an important announcement.

Oil climbs above $70 as storm threatens in Gulf of Mexico

Oil traded above $70 a barrel in New York as Tropical Storm Gordon approached offshore oil fields along the U.S. Gulf Coast. Futures rose as much as 1.9 percent from Friday, skipping Monday because of the U.S. Labor Day holiday. Anadarko Petroleum Corp. evacuated two Gulf of Mexico platforms as Gordon neared the mouth of […]

Unless It Changes, Capitalism Will Starve Humanity By 2050

Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale. • Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years (see Center for Health and the Global Environment at Harvard Medical School). • Since 2000, […]

The Biggest Threat To The Oil And Gas Industry

Trump’s trade war is taking a toll on the oil and gas industry. There has been some eleventh-hour drama over the renegotiation of NAFTA, but the energy industry is likely going to dodge a bullet on that front, with the most contentious issues revolving around agriculture and automobiles. But even if the NAFTA renegotiation succeeds, […]

Chris Martenson: The Whole System Is Rigged

As the dog days of summer wind down, it’s hard not to notice how the climate is suffering brutally right now across many areas of the globe. Crop failures have hit hard across Europe. Australia is under an intense drought. Warm water representing ‘archived heat’ has penetrated deep into the arctic.  Coral reefs are dying through […]

STOP. HUMANIZING. WAR CRIMINALS.

As of this writing, a tweet by disgraced Broadway fraud convict Roland Scahill has 90 thousand shares and 362 thousand likes, which if you’re not used to Twitter is a ridiculously high amount that nobody generally hits. The tweet features nothing but four seconds of video footage from the John McCain funeral, and the caption “George W. […]

Could Oil ‘Super-Spike’ Above $150?

Summary Fear of low prices, electric vehicles and financial discipline are reducing investment in conventional oil projects. Less risky, “short-cycle” projects are gaining favor. Insufficient future supply could lead to higher prices. In July, Pierre Andurand’s hedge fund, Andurand Capital, lost 15% on bullish crude oil bets. Oil was weak in July, but is up […]

US Oil and Gas Methane Emissions 60% Higher than Previously Thought

The U.S. oil and gas industry emits 13 million metric tons of the potent greenhouse gas methane from its operations each year, 60 percent more than estimated by the U.S. Environmental Protection Agency, according to a new study published today in the journal Science. Significantly, researchers found most of the emissions came from leaks, equipment […]

Denmark Becomes Net Oil Importer For First Time In 25 Years

For the first time since 1993, Denmark is on track to become a net oil importer this year, as oil production in the Danish part of the North Sea will be lower than the country’s consumption, the Danish Energy Agency said on Thursday, revising down its oil production forecasts. The new forecast by the agency is a change from […]

Saudi Arabia Plans to Dig Canal Turning Qatar Into an Island

A senior Saudi official has appeared to confirm Riyadh’s plans to dig a canal separating Qatar from the mainland, turning it into an island. Qatar has been diplomatically isolated from its neighbors for over a year. A senior adviser to Saudi Crown Prince Mohammed bin Salman appeared to confirm that the kingdom is considering digging […]

Where Will The Next Crisis Come From?

Key Points It’s been 10 years since a U.S. financial shock turned into a crisis in the global financial, market and economic system. A shock turns into a crisis when the system is unprepared for it. The system is often at its most vulnerable near the end of the global economic cycle when excesses have […]

Kunstler: Bad Faith Nation

There’s a simple reason that the old US Ship-of-State has turned into a garbage barge of toxic politics: both sides are operating in obviously bad faith — making arguments and taking positions that they know are false— and it’s been on full display this past week. For instance, the Trump rally in Evansville, Indiana, Thursday […]

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