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News from March 2019

Kunstler: Coercion Meets Its Match

Like the fabled spring zephyr came news that the Golden Golem of Greatness, (a.k.a. President Trump) signed an executive order that would withhold federal funding from colleges and universities that do not demonstrate support for free speech. It has been an amazement to behold the appalling, hypocritical suppression of the first amendment on campuses across […]

Michael Lynch: The Curious Incident Of The Oil Supply That Didn’t Decline

Interestingly, there are still peak oil advocates who think that we’ve reached peak oil now, despite the fact that shale oil production is still growing, OPEC+ has about 1.5 mb/d of production shut-in due to weak prices, while Venezuela, Libya, Iran and Nigeria are all experiencing difficulties that have closed down temporarily 3 mb/d or […]

On The Anniversary Of The Iraq Invasion, Bush Press Secretary Claims Bush Didn’t Lie

On the sixteenth anniversary of the invasion of Iraq, as the US government threatens punitive action against International Criminal Court investigators for attempting to look into US war crimes, former George W Bush administration Press Secretary Ari Fleischer has decided to publish a Twitter thread claiming that Bush did not lie to the world about Iraq. […]

Africa Is Running Out of Water

As water supplies in Ghana’s capital grew increasingly erratic, Beatrice Kabuki stopped customers from using her grocery store’s bathrooms and installed a plastic storage tank at her home. “The taps flow once a week and usually at night, so we stay awake to fetch what we can store,” Kabuki, 35, said in an interview in […]

Russia can become world’s top natural gas producer

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With the biggest natural gas reserves on the planet, Russia could become the world’s number one producer of the fuel, according to Ben van Beurden, the CEO of Anglo-Dutch energy major Shell. The top executive says that rapidly increasing demand for natural gas has occurred due to the worldwide trend aimed at forcing out coal […]

How likely is an oil-led market crash?

There’s a bullish outlook for oil even though there are a growing number of potential factors that could undermine demand in coming years. Despite these problems from trade wars, Brexit and China’s slowing growth rate, the International Energy Agency (IEA) still sees global oil consumption rising 6% over the next five years. And it sees […]

Oil Prices Are at Risk of Spiking as the Venezuelan Crisis Deepens

The global oil market is a delicate thing. While roughly 100 million barrels per day (BPD) move around the world, the slightest change in the level of either supply or demand can wreak havoc on oil prices. That was abundantly evident last fall, when crude prices crashed 40% after supplies outpaced demand by around 2 […]

This man will eat only what he can grow or forage

Orlando, Florida – Standing curb-side, about a block away from a congested intersection, Rob Greenfield is counting grapefruits—over a baker’s dozen he plucked from a nearby tree. He’s more than a hundred days into a year-long experiment in which he will forage or grow 100 percent of his food. On this particular day, Greenfield’s grapefruit […]

IEA Warns Of Looming Oil Market Deficit

Production outages and Iran and Venezuela will tip the global oil market into a shortage during the second quarter, the International Energy Agency said in the new edition of its monthly Oil Market Report. This will happen against the background of steadily rising demand despite a slowdown during the last quarter of 2018, the agency […]

Machinery for a post collapse world

Discuss this article at the Doomsteading Table Inside the Diner Welcome to my kick off post. I find it the height of arrogance to blog as I claim no mastery in the subjects that interest me most. I’m a greenie, a builder, a single dad, an alternative energy enthusiast, a gardener, and deeply […]

The Crisis in Venezuela

Alfred de Zayas at the Venezuelan Foreign Ministry. GENEVA, Mar 12 2019 (IPS) – My mission to Venezuela in November/December 2017 was the first by a UN rapporteur in 21 years. It was intended to open the door to the visit of other rapporteurs and to explore ways how to help the Venezuelan people overcome […]

Is shale in late innings as Big Oil comes to bat?

The long-term viability of the U.S. shale boom is uncertain, but the world’s biggest oil companies are making big bets on its success as smaller firms struggle with debt and the lack of scale needed to operate more efficiently. Chevron and Exxon Mobil are emerging as top players in the booming Permian Basin, while European […]

Why aren’t there battery powered airplanes or flying cars?

Preface. Batteries are too heavy for airplanes to get off the ground. These two articles explain that in further detail. Alice Friedemann www.energyskeptic.com author of “When Trucks Stop Running: Energy and the Future of Transportation”, 2015, Springer and “Crunch! Whole Grain Artisan Chips and Crackers”. Podcasts: Derrick Jensen, Practical Prepping, KunstlerCast 253, KunstlerCast278, Peak Prosperity […]

U.S. presses India to stop buying oil from Venezuela’s Maduro

The United States is pressing India to stop buying oil from Venezuelan President Nicolas Maduro’s government, Washington’s top envoy for Venezuela said, as the Trump administration this week threatened more U.S. sanctions to cut off Maduro’s financial lifelines. FILE PHOTO: An oil pumpjack painted with the colors of the Venezuelan flag is seen in Lagunillas, […]

Overheating About Global Warming

Decades of climate-change exaggeration in the West have produced frightened children, febrile headlines, and unrealistic political promises. The world needs a cooler approach that addresses climate change smartly without scaring us needlessly and that pays heed to the many other challenges facing the planet. PRAGUE – Across the rich world, school students have walked out […]

US Slashes Oil Production Forecast

The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. While crude output is still expected to reach record levels, the Energy Information Administration trimmed its 2019 forecast to 12.3 million barrels a day — 110,000 […]

Energy and oil majors turn to rural Africa in grab for world’s next billion customers

Once basic energy is established in disconnected regions, the companies that supply it hope to cash in on demand for a slew of new products and services JUMEME Rural Power Supply’s mini grid in Tanzania. (Photo: Energy 4 Impact and Inensus). By Sara Stefanini Armed with solar panels, lanterns and mini grids, European energy giants […]

Mexican president does not ‘rule out’ Pemex listing in local market

Mexican President Andres Manuel Lopez Obrador said Wednesday he did not “rule out” a listing in the local market for oil company Pemex, including issuance of some form of financial instrument, but added such a move to attract new funds is not necessary. FILE PHOTO: A view of the headquarters of state owned oil company […]

Zombie-filled Death Ships

“Each passenger’s carbon footprint while cruising is roughly three times what it would be on land.“ In 1996, the late essayist David Foster Wallace described his excursion on a cruise liner as a “special mix of servility and condescension.” He exhaustively journaled every event, person, and feeling during a seven-night, all-inclusive voyage. In “A Supposedly […]

Saudi, Indian Oil Ministers Meet On Saturday

The oil ministers of Saudi Arabia and India will meet on Saturday, Reuters quoted India’s Oil Minister Dharmendra Pradhan as saying on Friday. Although the Indian minister did not go into specifics about the meeting, it’s probably safe to assume that Khalid al-Falih, the oil minister of OPEC’s biggest producer Saudi Arabia, and Pradhan, the […]

Morning Collapse Update

Manafort sentencing, Brexit, Venezuela Blackouts, Democratic Party split, Iditarod on tap this morning with your Java.

China Oil Use Seen Peaking in 2025

The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travelers shift toward electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley […]

EIA’s Electric Power Monthly – February 2019 Edition

The EIA released the latest edition of their Electric Power Monthly on February 27th, with data for December 2018. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the full year 2018 (YTD). The winter solstice occurs on December 21st so the […]

The Writing on the Wall

The Norwegian government has just mandated its sovereign wealth fund, the biggest such wealth fund, to divest from pure oil and gas explorers. It will sell stakes in 134 companies, including UK-listed firms Tullow Oil, Premier Oil, Soco International, Ophir Energy and Nostrum Oil & Gas, all of which saw their share price fall after […]

Kunstler: A Place of Your Own

Do you know your place? In these days of hysterical Wokesterism, the question would surely provoke a riot of cowbell-clanging Antifa cadres, fainting spells in the congressional black caucus, and gravely equivocal op-eds from David Brooks of The New York Times. Yet it’s a central, unacknowledged quandary of our time that so many Americans have […]

Trouble #11 Destroying Domination

Today, decades of hard-fought victories in the struggle for female emancipation are under threat from waves of resurgent misogyny. From attacks on abortion and reproductive justice, to the revival and spread of religious fundamentalism and authoritarian nationalism… patriarchy is on the march. Meanwhile, as the corporate media celebrates the #TimesUp movement initiated by rich women […]

Cheap Oil Is Here To Stay

Environmentalists must be bumming. U.S. oil production isn’t just booming, it’s re-ordering the global economy. Rystad Energy is offering some details with analysts who believe continued production could even wipe away $22 trillion in national debt! As an export, oil could wipe away trade deficits, yearly budget deficits and the overall massive debt. Twenty years ago the […]

LOCK YOUR DOORS, LOAD YOUR GUNS AND GET YOU A BARKING, BITING DOG

Is this a sign of what is coming for the rest of the nation? In Martin County, Kentucky times are very tough right now. Thanks to severe budget cutbacks, there are only two paid law enforcement officers covering a deeply impoverished 231-square-mile area that sits right in the heart of America’s raging opioid crisis. Needless […]

Russia Comes to Maduro’s Rescue After U.S. Sanctions Hit

Just as Venezuelan state-run oil company PDVSA was running out of an obscure product needed to thin out its crude and keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue. Rosneft Oil Co. PJSC, the Moscow-based company controlled by Vladimir Putin’s government, is sending the first cargoes of heavy […]

Exxon’s Billions Could Spawn a Permian Monster

Exxon Mobil Corp. took four hours on Wednesday morning to tell investors: “Hold on a bit, we got this.” But investors aren’t in a patient mood with high-spending oil and gas companies, and Exxon’s capital-expenditure budget – summary: not much change from $35 billion a year – drew the unsurprising response. Yet, looking beyond the next couple of […]

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