Iran to sell oil in ‘grey market’ as US tightens sanctions

Iran has mobilised all its resources to sell oil in a “grey market”, a top official said, after the United States told buyers of Iranian oil – including China, India and Turkey – to stop purchases or face sanctions. Amir Hossein Zamaninia, Iran’s deputy oil minister, told state media on Sunday that Iran will continue […]

1 Millions Species Are At Risk For Extinction — And It’s All Our Fault

Overfishing, climate change, and pollution are all on the list of causes Nature is declining globally at a terrifying rate, with over one million species risking extinction, warns a new report. The culprit is, unsurprisingly, humans — and the impact could be more severe than anyone could have imagined. A report issued by the Intergovernmental […]

The oil route that could be at the center of a U.S. warning of ‘unrelenting force’ against Iran

After what national security adviser John Bolton called “a number of troubling and escalatory indications and warnings,” the U.S. government said Sunday that it was deploying the USS Abraham Lincoln carrier strike group and a bomber task force to the U.S. Central Command (Centcom) region. Centcom’s operational area includes the Middle East and Central Asia, […]

Energy and commodities highlights: Crude contamination, alternatives to Iranian oil, China shale gas

Supply-side issues continued to preoccupy oil markets at the start of May, after Russian crude exports to Central and Eastern Europe were hit by a contamination problem that caused disruption all along the supply chain. Problems with crude quality on Russia’s Druzhba (Friendship) pipeline began to emerge on April 18, and the pipe was subsequently […]

Venezuela: Establishment Talking Points Translation Key

Things keep heating up in Venezuela, with possible “military options” now being seriously discussed at the Pentagon. And of course you know what that means! That’s right, it means we can expect to see even more lies and manipulations from the political/media class as the narrative managers try to get their rapey little fingers into […]

Israeli Forces Mass on Gaza Border

Nine Palestinians and three Israelis killed, as Israelis forces mass on Gaza border, stoking fears of ground invasion. Israeli Prime Minister Benjamin Netanyahu has ordered “massive strikes” on the Gaza Strip after a two-day escalation that killed nine Palestinians and three Israelis. Israeli warplanes and gunboats continued to target the Gaza Strip on Sunday as fighters […]

UK Nuclear Lab Achieves Americum-Generated Power

The UK’s National Nuclear Laboratory (NNL) and University of Leicester have generated usable electricity from the chemical element americium in what it believes to be a global first. The achievement is seen as a step towards potential use of americium in so-called space batteries, which may mean future space missions can be powered for up […]

Why Your Gasoline Won’t Take You As Far As it Used To

Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the poster linked to data from the Energy Information Administration (EIA) that I hadn’t previously seen. The EIA doesn’t directly tabulate the energy content of gasoline. […]

Michael Lynch: How Two Nobel Prize-Winning Economists Got Oil Wrong

My recent book details the numerous mistakes made by many experts—real and apparent—about the oil market and oil prices, and this post will point to two in particular (the latter of which did not appear in the book).  Robert Solow and Paul Krugman are both M.I.T. professors of economics (Krugman only for a time) and […]

Is limitless clean energy within reach?

In today’s world, there’s an ongoing effort to find realistic and persistent sources of limitless clean energy. Chinese researchers are working hard on a quest to make their country a leading destination for it. The researchers are working with a nuclear fusion reactor in Anhui, located in China’s Eastern region, and hope to have a […]

What Happens to Abandoned Malls?

Interior of the abandoned Wayne Hills Mall in Wayne, New Jersey John Arehart / Shutterstock In a report last week from Fort Wayne, Indiana, I noted what I considered the mid-century tragedy of big, sprawling, “modern” shopping malls displacing historic downtowns, only to become bankrupt eyesores after the malls’ few decades of fashionability had passed. […]

Iran Warns OPEC Collapse Is Likely

Iran’s oil minister warned that OPEC is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia’s pledge to fill the supply gap created by U.S. sanctions on Iranian exports. “Iran is a member of OPEC for its interests and any threat from member states won’t […]

Chevron Backs Its Anadarko Deal

Chevron’s signed agreement with Anadarko provides the best value and the most certainty to Anadarko’s shareholders. That’s what Chevron believes, a company spokesperson said in an emailed statement sent to Rigzone late Wednesday. Chevron revealed on April 12 that it had entered into an agreement to buy Anadarko. Following this agreement, Occidental announced on April 24 […]

Yes, American Democracy (Really) Is Dying

What Democracy Needs to Be Nourished With, and How America Didn’t Do It One of the things I find myself thinking a lot about these days is why American democracy’s dying. “It’s not dead yet! It’s still alive!”, you cry. You’re right. Yet if it’s not dead, it’s not exactly in good health, either. It’s in […]

IPCC Demands Peak Oil Now

Guest hyperbole by David Middleton Definition of Hyperbole Hyperbole, derived from a Greek word meaning “over-casting,” is a figure of speech that involves an exaggeration of ideas for the sake of emphasis. Literary Devices IPCC demands Peak Oil now = hyperbole… Or does it? Article / April 23, 2019 OVEREXPOSED The IPCC’s report on 1.5°C and the risks of […]

The climate change story is half true

The climate change story is true is some respects: The climate is indeed changing. And CO2 emissions do seem to affect climate. Burning fossil fuels does indeed make a difference in CO2 levels. The problem I have with the climate change story is that it paints a totally inaccurate story of the predicament the world […]

If The Agenda To Oust Maduro Was Honest Instead Of Dishonest

Juan Guaido: I would like to be regarded as the interim president of Venezuela because the current president of Venezuela, Nicolas Maduro, stands opposed to the interests of the political bodies with which I have aligned myself. Also, he stands opposed to my own personal ambitions of becoming powerful. Washington, DC: We too would like for […]

Present at the Death

Well, the penny finally dropped.  I’m not sure why it took me this long to realize that the collective tantrum that’s seized America’s mass media, intelligentsia, and privileged classes generally for the last two and a half years, since the election of Donald Trump to the presidency, was described right down to the small details […]

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LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
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