Oil In Bear Market; Is Now The Time To Buy?

Reasons For the Oil Sell-Off The sell-off in the oil prices has been mainly due to two main factors: Oil glut building up Trade war impacting the demand equation Even though we had many negative headlines on oil prices in the past few days, the gains for the WTI and Brent are standing tall. The […]

US crude oil falls into bear market

  Prices pressured as US inventories of crude rise to highest level since July 2017 Mamta Badkar in New York and Anjli Raval in London June 5, 2019 Print this page US crude oil settled in a bear market on Wednesday and Brent lurched to a six-month low after stockpiles of US crude unexpectedly jumped […]

The people refusing to have kids, because of climate change

Climate change is rapidly changing the environment we live in. But how far would you be willing to go to help save the planet? Would you skip school? Eat pig’s feet? Deliberately get arrested? How about forgo having kids? For 33-year-old British musician Blythe Pepino the latter is a reality. Her fears about climate change […]

Russia, China Prepare To Dump Dollar, Agree To Bilateral Trade In National Currencies

Just one month after conducting joint military exercises, Russia and China are set to sign an agreement which would boost the use of their national currencies in bilateral and international trade in an attempt to mmove away from the current dollar-denominated financial system, according to Russian state-owned news outlet TASS. It is planned that Russia and China […]

Is The Future Fascist?

Climate Change, Mass Extinction, Inequality, and Stagnation All Fuel Fascism. But Those Define This Century. Now What? There’s a difficult and uncompromising question that I think needs to be asked at right about this juncture in human history. Given the resurgence of global nationalism, extremism, fascism — America, Germany, Poland, Hungary, France, to name just a few — is it […]

GOM Production Poised to Set New Records

Oil production in the U.S. Gulf of Mexico (GoM) is poised to set new records in the imminent future. That’s what energy research and business intelligence company Rystad Energy said in a statement posted on its website recently. Rystad forecasts that 2019 oil output from the region will average 1.95 million barrels per day (bpd), […]

Canada: Oil production halts as fires spread

Canadian Natural Resources Ltd. has evacuated its Pelican Lake and Woodenhouse operations in northern Alberta in the first major shut-in of oil production triggered by wildfires this year. The producer on Thursday removed all 240 people working at the two sites, halting a combined 65,000 barrels a day of heavy crude, according to a statement […]

Kunstler: The Zeitgeist Knows

Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal […]

Society Is In Decay – When The Worst Is First & The Best Is Last

If you want to see where a country’s priorities lie, look at how it allocates its money Plutocrats like to control the range of permissible public dialogue. Plutocrats also like to shape what society values. If you want to see where a country’s priorities lie, look at how it allocates its money. While teachers and […]

Peak Oil and the Japanese-Russian Alliance

Prime Minister Shinzo Abe shakes hands with Russian President Vladimir Putin ahead of a news conference held before the start of the Eastern Economic Forum in Vladivostok, Russia, last September. | BLOOMBERG Keep in mind, Dimitri Simes is running American foreign policy through The Center for the National Interest:  NIXON CENTER— KREMLIN — TRUMP (The Center for […]

From The Ministry Of Truth: The US Will Export More ‘Freedom Gas’

You don’t expect transcendent writing to emerge from the federal bureaucracy. But this would surely make George Orwell shake his head in disgust: Increasing export capacity from the Freeport LNG project is critical to spreading freedom gas throughout the world by giving America’s allies a diverse and affordable source of clean energy. The quote is from […]

The week in energy: The nuclear threat

“A nuclear error” was one of the cataclysms that Joe Strummer imagined in the Clash anthem “London Calling”, written in the summer of 1979 with the Three Mile Island reactor accident still fresh in his mind. The nuclear error that the International Energy Agency sounded the alarm on this week was different, though: it is […]

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