Big Oil Thinks Its Real Problem Might Be You

Two things to bear in mind when someone tells you they suffer from a problem of perception. First, perception shapes and sometimes outright supplants reality. Second, the complaint comes with a subtext of “it’s not me, it’s you.” Which brings us to Big Oil. Speaking at an industry conference in London last week, Amin Nasser, chief […]

Libya’s Biggest Oil Field Restarts

Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut. Sharara resumed production and is expected to reach 80,000 barrels in one day, according to people with knowledge of the matter who asked not to be identified because they aren’t authorized to speak to the media. Regular […]

Food System Adaptations to the Great Simplification

The Future is Rural challenges the conventional wisdom about the future of food in our modern, globalized world. It is a much-needed reality check that explains why certain trends we take for granted–like the decline of rural areas and the dependence of farming and the food system on fossil fuels–are historical anomalies that will reverse over […]

Fracking the World: Despite Climate Risks, Fracking Is Going Global

The U.S. exported a record 3.6 million barrels per day of oil in February. This oil is the result of the American fracking boom — and as a report from Oil Change International recently noted — its continued growth is undermining global efforts to limit climate change. The Energy Information Administration predicts U.S. oil production will increase again […]

The World Is Losing Fish to Eat

Fish populations are declining as oceans warm, putting a key source of food and income at risk for millions of people around the world, according to new research published Thursday. The study found that the amount of seafood that humans could sustainably harvest from a wide range of species shrank by 4.1 percent from 1930 […]

Economic Doom Loop Well Underway

From 2007 through 2018, births in the US have declined by 470 thousand on an annual basis, or an 11% decline.  The US fertility rate has likewise cracked lower, from 2.12 births to 1.72, an 18% decline (2.1 births over a females childbearing years is considered zero growth).  This has resulted in 4.5 million fewer net births in the US since 2007 than the Census had […]

US, China Close In on Trade Deal

China and the U.S. are in the final stage of completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm, chemical, auto and other products and Washington considering removing most, if not all, sanctions levied against Chinese products since last year. The agreement is taking shape following February’s talks […]

Facing Extinction

DARK KNOWLEDGE “The heavens were all on fire; the earth did tremble.” –William Shakespeare Henry IV, Part 1 For much of my life, I thought our species would soon go extinct. I assumed we might last another hundred years if we were lucky.  Now I suspect we are facing extinction in the near future. Can […]

New pipeline capacity dwarfs flared gas volumes in the Permian

The proposed pipeline capacity expected to come online in the Permian Basin over the next three years is vastly greater than the estimated volumes of flared gas, according to a Texans for Natural Gas analysis. Recent media reports have called attention to flaring levels in the Permian as production has increased, with one environmental group even suggesting that […]

Doug Casey On The Climate-Change Hoax

Climate change is a hoax. Not many people would go out on record and say this. After all, the idea of man-made climate change is practically universally accepted at this point, at least among the general public. But Doug Casey says this notion is nothing more than hysteria. Strategic Investor editor E.B. Tucker shares this controversial opinion. […]

Cheerleaders for Doom

“Exaggerated is in the eye of the beholder.”  I just finished reading David Wallace-Wells’ The Uninhabitable Earth: Life After Warming. Then, in a climate change webinar, I was asked whether I thought focusing on predictions of doom — and Wallace-Wells is hard core in this respect — is productive or just numbing. Wallace-Wells says he […]

The $1 Trillion Storm: How a Single Hurricane Could Rupture the World Economy

Climate change and a potentially vulnerable insurance market could combine in a disaster that starts in South Florida but hits the entire globe. Nobody is going to be ready when a Category 5 hurricane slams into Southeast Florida, flattens Miami, bankrupts insurance companies, threatens a foreclosure crisis, and sends financial shockwaves across the world. mes […]

Video of Mexico natural gas pipeline fire

Viewer Ethan Kronquist captured video of a natural gas pipeline fire north of Mexico, Missouri, early Sunday, March 3, 2019. ABC17

Peak Oil? What Peak Oil

We talked about this just a few weeks ago: for investors, how to value a company based on reserves? Rigzone weighs in. The article doesn’t answer that question. In fact, the article hardly addresses that question. Instead, the article is about global reserves in general. Data points: current estimated global oil reserves: 1.7 trillion bbls […]

The Great Barrier Reef Was Just Hit by a Flood of Polluted Water Visible From Space

The Great Barrier Reef just can’t catch a break. Year after year, this global treasure has been battered by cyclones and beaten by bleaching events. Now, with little time to recover, a part of the reef is being kicked while its down. An exceptional year of rainfall in Queensland, Australia has caused a huge flood […]

How to reach a sustainable human population

“And God blessed them, and God said unto them, be fruitful, and multiply, and replenish the earth, and subdue it: and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth.” — Genesis 1:28, KJV This scripture was written around […]

Shocker: “Humanitarian Aid” Stunt Used To Escalate Against Venezuela

So, you might want to sit down for this, but believe it or not it appears that the US government is using the fallout from its “humanitarian aid” performanceto justify further sanctions against the Venezuelan government. I know, I know. I’m just as shocked as you are. “This action, taken pursuant to Executive Order (E.O.) 13692, […]

The World’s Next Great LNG Project

According to Shell, global demand for LNG will grow by 11 percent in 2019. Primarily, it will be consumers in China and India that will drive the expanding LNG industry. In the context of increasing demand, risks are emerging on the supply side that could negatively impact the transition to cleaner sources of energy. These […]

Saudi Arabia defiant on oil cuts after Trump tells OPEC to ‘relax’

The Saudi energy minister said Wednesday he is leaning towards extending oil production cuts in the second half of 2019, despite US President Donald Trump’s demand to keep prices down. OPEC cartel countries and other major oil producers in January began implementing a six-month deal to cut output by 1.2 million barrels per day to […]

“Perceptions” about Oil or Demand Realities?

Amin Nasser, Chief Executive Officer of Saudi Aramco, whose shareholder is a sovereign nation, weighed in this week with a warning against U.S. and European activist shareholders who are making demands of the world’s largest publicly traded oil companies. Nasser told an industry audience in London that the oil industry faces a “crisis of perception” […]

Toxic ‘Forever Chemicals’ in Drinking Water

FOUNTAIN, Colo. — When Army Staff Sgt. Samuel Fortune returned from Iraq, his body battered by war, he assumed he’d be safe. Then the people around him began to get sick. His neighbors, all living near five military bases, complained of tumors, thyroid problems and debilitating fatigue. Soon, the Colorado health department announced an unusually […]

Is Natural Gas a Fossil Fuel?

Fossil fuels are the energy of the past. With new technologies like wind, solar, and advanced batteries in our hands, we can power today and tomorrow with clean, reliable energy that doesn’t harm our health or destroy our planet. The shift to a clean energy economy is on – and accelerating by the day. Year […]

By 2060, 98% of the World’s Population Will Live in 600 Cities

As a result of economic, climatic and other factors, the population of the world is growing, and migration is becoming more and more dynamic. Namely, people, and not just technology, are the key element in the development of smart cities. Around this opinion, international experts met at the conference “Knowledge City – Cities of the […]

Kunstler: Marching to Gilead

I suppose Mr. Trump dangled visions of North Korea’s future as a Buick showroom and the mysterious Kim Jong Un detected some kind of trap there. A correspondent with military intel credentials writes: “[Eric] Hoffer’s observation that people only revolt when things are getting better seems applicable to DPRK. I can only assume that Kim […]

UAE To Build World’s Largest Underground Oil Storage Facility

The Abu Dhabi National Oil Company (ADNOC) and South Korea’s SK Engineering and Construction Co. Ltd (SKEC) signed an agreement on Wednesday to build the world’s single largest underground oil storage facility that would boost ADNOC’s flexibility to export crude oil and support its push into oil trading. ADNOC has awarded SKEC an Engineering, Procurement and Construction […]

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