Middle East Braces For Apocalyptic Conflict Between Israel And Hamas As Defense Minister Avigdor Liberman Declares “War Is Inevitable”

It appears that a major war between Israel and Hamas is imminent.  For the past six months, Hamas has been staging violent protests along the Israeli border in an attempt to end the Israeli-Egyptian blockade.  Those protests have escalated in recent weeks as Egyptian efforts to broker a long-term ceasefire have faltered.  During these violent […]

U.S. Shale Has A Glaring Problem

Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the “alarming […]

A Psychologist Explains Why Billionaires Are Building Bunkers For The End Of Days

Many of the world’s richest seem to earnestly believe that some kind of apocalyptic “event” [3] is coming, and have prepared accordingly. You might have read about this before — such as in the New Yorker’s deep dive [4] back in January 2017 — but billionaire doomsday preppers are back in the news again thanks […]

New Iraqi National Oil Company aims to produce 7 million bpd

raq is seeking to produce 7 million barrels of oil per day (bpd) through its newly established National Oil Company and to export 4 million bpd in 2019, Oil Minister Jabar al-Luaibi said on Saturday. FILE PHOTO: Iraqi Oil Minister Jabar al-Luaibi speaks during a news conference in Basra, Iraq June 6, 2018. REUTERS/Essam Al-Sudani […]

Saudi Arabia Has No Plans to Repeat 1973 Oil Crisis

Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi, and the kingdom plans to boost crude output again soon. “For decades we used our oil policy as a responsible economic tool and isolated it from politics,” Energy Minister Khalid Al-Falih […]

Kunstler: Lost in Translation

Saturdays, when fewer eyeballs see the paper, The New York Times likes to publish its most extreme ventures into social unreality. Last week’s prank was the story at the top of page one that declared: #WontBeErased: Transgender People and Allies Mobilize Against Trump Administration Proposal. (The accompanying photo featured a rainbow flag, of course, denoting […]

The Coming Inflation Threat: The Worst Of Both Worlds

Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist—the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going up and a little lower when energy prices are going down. Historically, 2.5% is about as low as inflation […]

Goldman Sachs: Oil Unlikely To Reach $100

  Crude oil is unlikely to reach US$100 a barrel as various analysts have warned, Goldman Sachs’ chief of commodities Jeffrey Currie told S&P Global Platts in an interview. This is not the first time the analyst has countered the dominant sentiment: in September, Currie also said the chances of Brent hitting US$100 were slim […]

How Donald Trump saved Civilization (and lost the planet)

“Call it the Third Middle East Oil Shock.” The controversy swirling around murdered Saudi journalist Jamal Khashoggi has been moving Congress towards sending to the White House an Act* imposing broad sanctions on Saudi Arabia, effectively scrapping billions in pending arms sales. Representative Adam B. Schiff of California, the senior Democrat on the House Intelligence […]

How Iran is using ‘ghost ships’ to flout Donald Trump’s oil sanctions

It sounds like something out of a pirate story, but the normally staid world of international trade has been beset by a flotilla of ghost ships in recent weeks, and they’re weighed down by several million barrels of trouble for U.S. foreign policy. Iran is one of the world’s biggest oil suppliers, and according to official records, the […]

$400 oil isn’t THAT crazy

Last weekend, after Saudi Arabia threatened to cut the world off from its vast oil supply and President Trump puffed his chest in response, one prominent exec from the Kingdom painted a particularly gloomy picture of our energy future. “If U.S. sanctions are imposed on Saudi Arabia, we will be facing an economic disaster that […]

Saudi Arabia admits Khashoggi killed in Istanbul consulate

Saudi Arabia has, for the first time, admitted that journalist Jamal Khashoggi was killed inside the Saudi consulate in Istanbul. An announcement on Saudi media claimed Khashoggi died during a brawl between him and those he went to the consulate to meet. Eighteen Saudi nationals have been arrested in connection with the death and at […]

The Measure of a Man in 120 Breaths

““It has been a disappointment to me that so many people, including all too many environmentalists, thought the spirit of liberation of the 1960s was and is dispensable.” — Jan Lundberg” One mark of a life well spent might be whether anyone takes a moment to write or say something publicly to note your passing. You could […]

Don’t mention the oil price

OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. Proposed U.S. legislation known as “NOPEC”, which could open the group up to […]

What the Permian Oil Boom Looks Like

The first clear indication that I had entered an area experiencing an oil boom was the Halliburton Co. office with a “Now Hiring” sign out front on the north side of Artesia, New Mexico. Next came a couple of equipment rental places with some unfamiliar-looking equipment on their lots, then the first of what were […]

At $80 a barrel, BP says oil prices are “unhealthy for the world”

“The oil prices in the world are too high and it’s unhealthy for the world,” said Bob Dudley, the chief executive officer of British oil-and-gas giant BP. Some emerging market economies such as South Africa, India, and Turkey were suffering from their highest-ever prices of gasoline because the market price of oil—which is traded in […]

Huge Iranian oil armada heads to China before US sanctions kick in

An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast port of Dalian this month and in early November before US sanctions on Iran take effect. More than 20 million barrels of oil have been shipped to Dalian by the National Iranian Tanker Company (NITC), Reuters reports, citing an unnamed Iranian […]

OPEC, allies struggle to fully deliver pledged oil output boost – internal document

OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. FILE PHOTO: A man fixes a sign with OPEC’s logo next to its headquarters’ entrance before a […]

Saudi Royal Family Considering Replacement For Crown Prince bin Salman

The major French daily Le Figaro on Thursday published a bombshell story which reports the Saudi royal family is actively considering a replacement to crown prince Mohammed bin Salman (MbS) as next in line to succeed his father King Salman as the kingdom finds itself under the greatest international pressure and scrutiny it’s faced in its modern history […]

How far are we from nuclear fusion?

Electricity-generating fusion power plants — one of the biggest inventions in history — might be safe, efficient, reliable and environmentally responsible. But, how far are we from turning science fiction into reality — meaning a world where nuclear fusion energy will be powering our day-to-day lives? Some 60 years. The upcoming International Thermonuclear Experimental Reactor […]

Food Supply Won’t Meet Future Demand

The gap is growing between global food demand in the future and the projection on the rate of growth for agricultural production, a new report shows. The 2018 Global Agricultural Productivity (GAP) Index, put together by the Global Harvest Initiative, continues to highlight that food production is not growing fast enough to sustainably feed the […]

Oil weapon has proved a double-edged sword

The oil shocks of 1973/74 and 1979/80 are now mainly remembered for the disruption and hardship they caused in the major oil-consuming countries. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October […]

Iraq Wants to Know How Buyers Use Its Oil

Major OPEC producer Iraq would like to know how and where its oil will be used, as demand rises for Middle East cargoes to replace shipments from fellow group member Iran. Iraq’s state-run Oil Marketing Co., known as SOMO, is asking buyers of its Basrah crude to specify the final destination country for its cargoes, […]

Dissecting the science behind the oil and gas setbacks initiative

“The OEHHA chronic benzene REL considers several studies published after USEPA’s 2002 benzene assessment, which found increased efficiency of benzene metabolism at low doses, decreased peripheral blood cell counts at low doses (800−1860 μg/m3)…” It takes another 20 words — with terms like “metabolic enzymes” and “benzene detoxification” — to close out this sentence from a recent University […]

The Permian Oil Boom Is Showing Signs of Overheating

At 10:30 p.m. on an 85F August night in Penwell, West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in the forecourt of an abandoned truck stop. The song Free Bird by Lynyrd Skynrd blares from the radio. “I’m making more money than I ever did,” says Don Suggs, who […]

An Oil Pipeline That Can Potentially Stabilize Three Asian Powers

Both the Indians and Russians had high hopes from the recent visit of President Vladimir Putin to Delhi. Surprisingly, it wasn’t about the much hyped S400 Air Defense System deal signed between the countries for a whopping $5.1 billion. The chutzpah was regarding another strategic asset, which has been derailing the Indian growth story and […]

High-ranking Saudi intel officer oversaw botched interrogation of missing journalist

A Saudi mission to interrogate and possibly abduct journalist Jamal Khashoggi in Istanbul was organized by a high-ranking officer with the General Intelligence Presidency, Saudi Arabia’s main intelligence service, three sources familiar with the case told CNN. One of those sources describes the officer involved as close to the inner circle of Crown Prince Mohammed […]

Did Saudis, CIA Fear Khashoggi 9/11 Bombshell?

The macabre case of missing journalist Jamal Khashoggi raises the question: did Saudi rulers fear him revealing highly damaging information on their secret dealings? In particular, possible involvement in the 9/11 terror attacks on New York in 2001. Even more intriguing are US media reports now emerging that American intelligence had snooped on and were aware of […]

Oil priced $400 in yuan, Russian military base – Saudi insider says kingdom mulls 30 anti-US moves

If the US imposes sanctions on Saudi Arabia, it will “stab its own economy to death” the head of Al Arabiya said. Riyadh may become friends with Iran, trade its oil in yuan and invite the Russian military. Saudi officials said they may retaliate against the US, if Washington delivers on a threat to impose […]

Kunstler: Lost in Space

   Speaking as a black woman… wait second! Can I do that? Well, why not. We’re now a nation consumed by make-believe, in which you can declare anything you want about yourself and insist that everyone else agree that it is so. If I identify this way, you must believe me! (Or else I will […]

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