BP warns war on plastic will help cut global oil demand

he war on single-use plastics could cut demand for oil faster than previously expected over the next two decades, BP has warned. The oil major predicted a peak in global oil demand for the first time last year, and in its latest outlook report warned that a crackdown on plastic waste, which is made from […]

The World Oil Market and U.S. Policy

The United States, as the largest consumer and producer of oil, plays a major role in the  world market. Policy decisions can affect the price of oil and petroleum products (e.g., gasoline) for U.S. consumers and  companies operating in U.S. oil production, transportation, and refining sectors.Congress considers policies that can affect the world oil market, […]

How Much Oil Does Saudi Arabia Really Have?

Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. In reality, a lot of this oil is extra-heavy crude oil, and may not be economical to produce at prevailing prices. Thus, some portion of Venezuela’s barrels may in reality no longer be in the “proved reserves” category. Consider […]

Mike Pence claims Iran’s mullahs are plotting a ‘new Holocaust’

Vice President Mike Pence told a conference of European and Middle East leaders on Thursday that Iran is plotting to eliminate Israel from the face of the earth, and seeks to unleash a ‘new Holocaust.’ With Israeli Prime Minister Benjamin Netanyahu watching, Pence said in Poland that Tehran poses ‘the greatest threat to peace and […]

Here’s Why Saudi Aramco May Be Coming To An Oil Field Near You

Saudi Aramco is now planning to explore oil and gas resources outside of the Saudi Arabian kingdom. This is according to a recent interview given by the oil minister, Khalid al Falih, to Financial Times. Falih said that, “Going forward the world is going to be Saudi Aramco’s playground,” referring to the national oil company of […]

First Light Fusion’s Fake

Energy research company First Light Fusion has published deceptive fusion power claims in a Feb. 12, 2019, press release. First Light Fusion, an Oxford University spin-off company, is claiming that, within five years, its experimental reactor, according to its design, will create more power than it will consume. A careful reading of the technical language, […]

Green New Deal Would Unleash A Catastrophic Food Collapse

The widely-touted “Green New Deal,” aggressively pushed by AOC and radical left-wing Democrats, demands ending reliance on fossil fuels in ten years. All combustion engines must go, the plan insists, and “clean” energy sources such as wind and solar must replace them in order to save the planet from total destruction that Alexandria Ocasio-Cortez claims will […]

2 Dozen Iranian Revolutionary Guards Reportedly Killed In Bomb Attack

A truck bomb attack on a bus carrying members of Iran’s Islamic Revolutionary Guard Corps, killed 27 Guards and wounded 13 others in the southeastern Sistan and Baluchistan Province on Wednesday, according to Iranian media reports. The Guards, part of the elite branch of Iran’s armed forces, were traveling a 100-mile mountainous route from the […]

Texas Oil Production Breaks New Record

The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty Owners Association, the Lone Star state’s oil production hit a record level not seen since 1973, the same year of the Arab oil embargo that roiled […]

Who Will Get Citgo?

A dispute over a $626,860 deposit at Wells Fargo & Co. during the Chinese Revolution offers a glimpse into who may eventually control Citgo Petroleum in the current Venezuelan power struggle. Juan Guaido, the head of the National Assembly, is trying to wrest ownership of Houston-based Citgo away from the current Venezuelan regime led by […]

Kunstler: Mistaken Futures

And so the Democratic Party has gone and hoisted the flag of “socialism” on the mizzenmast of its foundering hulk as it sets sail for the edge of the world. Bad call by a ship without a captain, and I’ll tell you why. Socialism was the response to a particular set of circumstances in time […]

Insect Apocalypse: 40% of world species threatened with extinction

What’s happening? Over 40% of global insect species are threatened with extinction, scientists said in a new report, marking an unprecedented loss of biodiversity. A third of the total world’s insects are endangered, the report found, warning that at their current pace of extinction, they might disappear completely in 100 years. Common species such as […]

Will Oil Ever Hit $100 Again?

Oil will hit $100 per barrel again, according to RoseAnne Franco, head of oil and gas at global risk consultancy Verisk Maplecroft. “It’s a question of when and will it stay there … the level of geopolitical uncertainty we confront today is particularly volatile and precisely the type of conditions that could lead to an […]

South Africa Oil Discovery Could Be A Game-Changer

One of the promising hotspots for oil and gas exploration drilling this year – South Africa’s offshore – has just yielded a massive natural gas and condensate find that could open a new exploration province for oil majors and change the energy fortunes of South Africa. France’s major Total said this week that it had made a […]

The U.S. Faces A Catastrophic Food Supply Crisis In America As Farmers Struggle

American farmers are battling several issues when it comes to producing our food.  Regulated low prices, tariffs, and the inability to export have all cut into the salaries of farmers.  They are officially in crisis mode, just like the United States’ food supply. “The farm economy’s in pretty tough shape,” said John Newton, chief economist at the […]

Is a key ingredient humans need to live about to run short?

Phosphorus is essential for all living organisms. So, it’s not surprising that humans get their phosphorus from other living organisms, mostly plants, that have absorbed phosphorus from the soil. The introduction of phosphate fertilizers made it possible to ensure that enough phosphorus for healthy plant growth is available in practically any farmland soils. At first, […]

The Alarm Bells Of Climate Change

In 2015, nearly every nation collectively recognized the threat of climate change. This was done by signing the Paris Agreement which seeks to combat greenhouse effects. The United Nations Framework Convention on Climate Change (UNFCC) stated that the document’s central aim is to “strengthen the global response to the threat of climate change by keeping […]

Trouble 18: ACAB [TRAILER]

Cops are the front-line of the state, tasked with defending and reinforcing all illegitimate hierarchies of power. They are the armed enforcers of white supremacy who catch paid vacations for murdering Black children in the streets. They are the knock on the door to evict you from your home. They are the no-knock SWAT Team […]

Oil and economy poised between growth and recession

Policymakers and analysts who claim the outlook is “unusually uncertain” are normally overstating their own forecasting problem and understating the difficulties faced by their predecessors. The outlook always looks more certain in retrospect, when the outcome is known, and a causal chain can be constructed that makes it appear nearly inevitable, than it does in […]

Why Don’t We Have Nuclear Fusion Power Yet?

Fusion power is supposed to save us from fossil fuels, so when is nuclear fusion going to be a viable option and why has it been so elusive? Hosted by: Stefan Chin SciShow has a spinoff podcast! It’s called SciShow Tangents. Check it out at https://www.scishowtangents.org

Kunstler: Dreams Die Hard

Somewhere between the fevered Zzzz’s of American Dreaming and the blinding shock of being “woke,” there is a recognition that an awful lot about contemporary life is not working and can’t go on. At the bottom of this discontent is the mistaken notion that the unwind of modernity can be arrested or mitigated by “smart” […]

EU Won’t Block Controversial Nord Stream 2 Pipeline

Update: Following reports that France would effectively kill the controversial Nord Stream 2 pipeline, EU officials including German Chancellor Angela Merkel affirmed on Friday that an agreement has been reached which will allow construction of the pipeline to move forward – handing a major victory to Germany and Russia (and a stunning defeat for President […]

Kushner to visit Middle East to garner backing for peace plan

Jared Kushner, US President Donald Trump‘s son-in-law and White House senior adviser, is expected to head to the Middle East later this month for an official visit to discuss a US proposal for peace between Israel and the Palestinians. Kushner, 38, will be joined by US Middle East envoy Jason Greenblatt, US envoy on Iran Brian […]

ExxonMobil gambles on growth

OFF THE coast of Guyana, 160km beyond the ramshackle, rainbow-coloured roofs and the sea wall meant to protect the low-lying capital, past the mud flats and into the deep, churning Atlantic, a vast drilling vessel sits almost perfectly still. Thrusters work constantly to keep the boat’s centre within a three-metre radius above a well head […]

Bank Of America: Oil Demand Growth To Hit Zero Within A Decade

By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years […]

Oil Supermajors Smash Analyst Estimates

The world’s biggest oil companies are pumping out cash like crude’s at $100 a barrel again, and investors love it. Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp. and BP Plc smashed analysts’ earnings estimates for the fourth quarter, giving investors assurance that their dividends and buybacks are secure even with oil trading near […]

The Truth About What’s Happening In Venezuela Right Now Is Not What The Media Is Reporting

There have been a lot of things going on lately. The massive demonstrations in support to our Constitutional president Juan Guaido have unchained a LOT of repression and retaliation by those trying to avoid the dismemberment of the last stronghold of the Maduro and Castro gangs. This is inevitable though. The suffering has been unbelievable […]

Exxon Goes All-In On The Permian

ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to the Gulf Coast. The project, in partnership with Lotus Midstream, is another indication of the rising upstream production from the Permian. But the pipeline also came […]

Alexandria Ocasio-Cortez’s Green New Deal would reshape the economy in 10 years

The millennial architects of Rep. Alexandria Ocasio-Cortez’s Green New Deal appear to be drawing inspiration from the old mantra of their generation’s most iconic company: “Move fast and break things.” That company, Facebook, has connected about a third of the world’s population in just over a decade. The insurgent political movement behind Ocasio-Cortez has something […]

Global EV car sales surge 63% in 2018

Global sales of passenger car electric vehicles (EVs) jumped by 63% last year to top 2 million units for the first time, helped by surging sales of plug-in EVs in the US, according to data provided by EV-Volumes. A total of 2.08 million plug-in EVs were delivered to customers in 2018, or 2.2% of total […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy