The Legacy of T. Boone Pickens

Billionaire oilman T. Boone Pickens passed away a few weeks ago, and this week’s episode of Industry Focus: Energy dives deep into the legacy he left behind. Analysts Nick Sciple and Jason Hall talk about some of the many aspects of Pickens’ life, from the culture shift he pioneered in investing to his philanthropy and […]

A Developed-Nation Lifestyle? Yes, Please…

Kabuki public-policy theater is more fun than studying statistics. So it’s unlikely that a certain Scandinavian enviro-brat will read a single page of the U.S. Energy Information Administration’s latest International Energy Outlook. However, her allies in the climate-hysteria industry should. The report reveals how uninterested developing nations are in curtailing their energy usage. The EIA’s […]

Ocean Acidification- The Evil Twin

By Charles E. Bayless  “Men at some time are masters of their fates. The fault, dear Brutus, is not in our stars, but in ourselves.” Climate Change is increasingly recognized as catastrophic but, unfortunately is only half of the story.  The other half, Ocean Acidification, is a tragedy written underwater, unseen by most but  equal […]

This energy plan could have a dramatic impact

The world energy market has shown over the past few weeks and months that it can easily cope with the collapse of Venezuelan oil exports, the cut-off of most supplies from Iran and even an attack on Saudi Arabia’s key oil export facilities. It is not, however, prepared for the dramatic change that could occur […]

Oil and Gas is Here to Stay

OPEC’s research shows that oil and gas, and this industry as a whole, is here to stay. That’s what OPEC Secretary General Mohammad Sanusi Barkindo revealed in a speech at the 12th Kazenergy Eurasian Forum on September 26. “The fact is, all forms of energy will be required to meet future demand,” Barkindo said in the speech. “It […]

Kunstler: A Dumpster Fire on a Garbage Barge

UkraineGate, son of RussiaGate, raises an interesting question: is our Central Intelligence Agency really this crude that they would loan out a CIA officer to the White House’s National Security Council (NSC) and use him as a weapon to shiv the occupant of the oval office? Or was The New York Times’s unmasking of the […]

It’s not my fault the planet is dying

Earth isn’t dying because of the actions of the individual. Blame corporations, not people. Our ecosystem has been greatly disrupted by pollution, over-hunting and abuse of resources. Climate change, gas emission and pollution are planetary-scale threats and, as such, require planetary-scale reforms that can only be implemented by the world’s governments. Individuals can, at most, […]

Final Collapse Is Inexorable

This week central planners pursued their primary mission with steadfast conviction.  They planned.  They prodded.  They prearranged tomorrow to save us from ourselves.  Some also grubbed a little graft for their trouble. Other central planners took to debasing the dollar to price fix the federal funds rate within a narrow band of tolerance.  What in […]

Speculators Are Abandoning Oil

1. China’s bauxite imports surge – There are concerns that Indonesia might put a ban on bauxite exports, the raw material used for aluminum production, following restrictions on nickel exports. Nickel prices recently spiked. – “While such a development would support bauxite and in turn aluminum prices, it would be less impactful for China than […]

The World’s Oil Security Blanket Has Been Torched

The real impact of the attack on Saudi oil installations last weekend goes well beyond the temporary loss of 5% of global oil production: It strikes at the heart of the mechanism that’s guaranteed the security of the world’s crude supply for most of the past 50 years. Ever since the western oil majors lost control of output […]

How Many Humans Could the Moon Support?

It’s the year 3000. Having used up all of Earth’s natural resources, humans have become a spacefaring race and established colonies on the moon. Vast, sealed domes cluster across its surface, housing cities populated by hundreds of thousands of people. This cold, gray rock has somehow become humanity’s new home. Of course, this is pure […]

UC System Announces Divestment From Fossil Fuels

The University of California system has announced its intention to completely divest from fossil fuels.  Officials in charge of investments insist that their decision to move toward more “sustainable” and environmentally conscious investments is simply in the practical interest of beneficiaries, rather than a product of political opinion. In an opinion piece in the Los Angeles […]

Before Greta Thunberg, there was “Peak Oil”. Has everyone forgotten?

If you search the website of the Irish Times for the phrase “Peak Oil” you will find that it appears only once in 2019, in a motoring column, and only then as a throwaway comparison to the Chinese car industry. It is the first time the phrase has appeared in Ireland’s most august newspaper since […]

The Paradox of Growth

Credit: Princeton University Press Fifty years ago, shortly after we arrived in Pennsylvania from Europe, I came across D’Arcy Wentworth Thompson’s classic On Growth and Form (originally published in 1917, with a revised edition published in 1942), which looks at the role of mathematics in biology. I almost immediately thought about writing a similarly systematic […]

More Fracking, or More War?

It’s our choice. Here is a news lead that begins with a bang and ends with a whimper: “The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in” — here, Reuters should have used some ellipses of irony […]

Food Security Becoming One Of Our Biggest Challenges For Humankind’s Survival

Biotechnology woman engineer with a clipboard and pen examining a plant for disease! Getty Food security is one of the biggest challenges we’re facing as we move further into this century. Changing climate, pests, stress on water and land are all limiting our ability to produce sufficient amounts of food. making food production an issue. […]

Nobel Laureate Spence Says Oil Shock Still Possible,

Nobel laureate Michael Spence, professor of economics at NYU’s Stern School of Business and senior adviser at General Atlantic, comments on the possibility of an oil shock and German Chancellor Angela Merkel’s decison to stick to zero deficit spending during an interview with Bloomberg’s Romaine Bostick and Guy Johnson on “Bloomberg Markets.” (Source: Bloomberg)

A Tyranny of Time

““We will move to a low-carbon world because nature will force us, or because policy will guide us. If we wait until nature forces us, the cost will be astronomical.”  — Christiana Figueres”   In the Drawdown meeting, Exponential Roadmap’s Johan Falk told the audience,   The starting point in our narrative is we need […]

Aramco Reveals Damage to Giant Oil Field

Saudi Aramco revealed the significant damage caused by aerial strikes on its Khurais oil field and Abqaiq crude-processing plant last weekend, and insisted that the sites will be back to pre-attack output levels by the end of the month. Aramco took reporters for a first look inside the facilities, where equipment was scorched and ruptured […]

Climate ‘Experts’ Are 0-41 with Their Doomsday Predictions

For more than 50 years Climate Alarmists in the scientific community and environmental movement have not gotten even one prediction correct, but they do have a perfect record of getting 41 predictions wrong. In other words, on at least 41 occasions, these so-called experts have predicted some terrible environmental catastrophe was imminent … and it […]

U.S. to deploy military forces to Saudi Arabia

The United States is deploying military forces to the Middle East after Saturday’s drone attacks on major oil sites in Saudi Arabia that the administration of President Donald Trump has blamed on Iran. “The president has approved the deployment of U.S. forces which will be defensive in nature and primarily focused on air and missile […]

Saudi Arabia Partially Restores Oil Output

Oil has fallen from earlier highs after Saudi Aramco’s Abqiaq plant restored some production and is now processing just under half the output that was lost in Sunday’s drone attack. Bloomberg’s James Thornhill reports on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)

The only solution to climate change is world socialism

Millions of students, youth and their supporters in more than 150 countries will take part this Friday in a worldwide Global Climate Strike demanding immediate and far-reaching actions to abate and reverse climate change. The internationally coordinated protests are being organized in response to the growing realization among young people that the governments of the […]

Saudi Arabia says Iran missiles, drones attacked oil sites

U.S. Secretary of State Mike Pompeo on Wednesday called the attack on Saudi Arabia’s oil installations an “act of war” against the kingdom by Iran, as the Saudis displayed missile and drone wreckage and cited other evidence they said shows the raid was “unquestionably sponsored by Iran.” Iran, which has denied involvement in the attack, […]

Saudi Arabia Still Unsure of Launch Site for Oil Attacks

Saudi Arabia said attacks on its critical oil infrastructure were “unquestionably sponsored by Iran” but stopped short of saying the strikes were launched directly from or by the Islamic Republic, claims that could have propelled a drift toward war. With parts of drones and missiles recovered from the attack sites at Abqaiq and Khurais on […]

The Concept of Peak Oil has Shifted

A particularly fascinating development in this current decade is that the concept of what ‘peak oil’ means has shifted, Mohammad Sanusi Barkindo, OPEC Secretary General, said at the Fifth Iraq Energy Forum in Baghdad, Iraq, Trend reports. “At the beginning of the 2010s, reports of peak supply were almost omnipresent; however, we are about to […]

We just learned how easy it is to upend the oil market — and we’re going to pay for it

The attacks on Saudi Arabia’s oil facilities have done more than knock out some 5 per cent of global crude supplies, they have provided a myriad of lessons for all involved. There is still a high level of uncertainty as to who, what and how exactly Saturday’s attacks were carried out on Saudi Aramco’s facilities, […]

Michael Klare: The Pompeo Doctrine

Donald Trump got the headlines as usual — but don’t be fooled. It wasn’t Trumpism in action this August, but what we should all now start referring to as the Pompeo Doctrine. Yes, I’m referring to Secretary of State Mike Pompeo and, when it comes to the Arctic region, he has a lot more than […]

Our Energy and Debt Predicament in 2019

Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates. As I see the situation, we have a problem of a networked economy that is not functioning well. A big part of this problem is energy-related. Strange as it may seem, energy […]

China Warns Trump Not to Believe Warhawk “Conspiracy Theories” That Iran Was Behind Attack on Saudi Arabia

China has warned President Trump that he is being manipulated by warhawks into believing “conspiracy theories” that Tehran was behind the attack on Saudi oil facilities and that any “revenge attack” on Iran could cause the Middle East to “spiral out of control.” The warning was contained in an editorial posted by the Global Times, […]

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