Post Petroleum: What Comes Next for Oil Companies After Crude Reserves Run Short?

The idea that humanity should switch from fossil fuels to renewable sources of energy is not new, as it was predicted decades ago that the resources will become far more difficult to obtain at some point; however, so far these fears have failed to materialise. Despite the continuing development of oil-extraction technologies, the trend for […]

Trump Wants to Sell 15 Million Barrels From US Oil Reserve

President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part of his fiscal 2021 budget plan. The proposal, which requires approval from Congress, would use the proceeds of the sale to fund certain Energy Department activities, including the environmental remediation of an oil field in Elk Hills, […]

Democrats Trot Out ‘Peak Oil’ Again, and Are Just as Wrong as Ever

Just when we thought it was safe to assume a reliable supply of oil due to the miracle of fracking, liberals have come up with a new excuse to shift from fossil fuels to renewables.  They’ve discovered — as everyone invested in oil has known since before the early 2000s — that fracked wells are frontloaded, […]

The Shale Oil Bubble Accounted For 99% Of US Oil Production Growth Since 2007

Without the unprofitable and unconventional shale oil supply, U.S. oil production would still be below 5 million barrels per day. While we can applaud the shale industry for allowing the American Leech & Spend Surban Economy to continue for another decade, I wouldn’t count on it lasting another ten years. If we are lucky, we […]

Oil prices to $30? An early notice for GCC countries to heed IMF warning

Are we going through an oil market crash again, four years after a glut-induced one? Oil prices fell back again on Friday, with WTI declining to $50 and Brent dipping below $55 A pandemic and a whole host of scenarios could play out in tandem to drive the oil price down below $30 per barrel […]

Do Civilisations Collapse?

l breakdown and civilisational collapse run deep in our culture, from Sodom and Gomorrah, destroyed by a wrathful god, to the destruction of Atlantis, submerged under the sea after a massive earthquake. No matter whether literally true or not, these remain two of the most well-known stories in our society – dramatic and vivid, easy […]

Let ’em find doomsday on their own

I’ve recently watched a few reruns of the Doomsday Preppers episodes from National Geographic, seven years old now. The coronavirus brought the series back to mind. The 1918 flu pandemic killed perhaps 1% of those infected, resulting worldwide in about 50 to 100 million deaths (3% to 6% of world’s population then); 675,000 Americans were […]

Controlled Thermonuclear Fusion: The Time is Now

There are no limits to growth—that is the response we can all provide to Greta Thunberg and her controllers like Prince Charles and Michael Bloomberg. Lyndon LaRouche wrote the book, There Are No Limits to Growth! in 1983—that was 37 years ago. He was responding to the idea of “limits to growth”—that all of us […]

Surveillance Capitalism at the Limits to Economic Growth

For Shoshana Zuboff, to be human involves using one’s will to shape one’s own future. In this respect she draws on the philosopher Hannah Arendt. Arendt analysed the totalitarianism of Nazi Germany and saw the frustration of the will of each person to shape their future as crucial to her analysis of totalitarianism. For Arendt […]

Peak Shale Will Send Oil Prices Sky High

Much of the cheap oil has been produced, and the oil industry is increasingly relying on costly reserves. While the world is awash in supply right now, the market may begin to tighten up in the next few years, forcing prices higher. But the global economy will begin to sputter as a result of higher […]

Global Witness Accuses Exxon of ‘Exploitative’ Contract That Robs People of Guyana of $55 Billion in Lost Oil Revenue

International human rights and anti-corruption group Global Witness is calling on the Guyanese government to renegotiate a oil license deal with fossil fuel giant Exxon after the group’s analysis showed that Guyana stands to lose $55 billion while the oil giant takes control of one of the largest oil reserves found in years. Global Witness found that […]

China to Lower 2020 Economic Growth Expectations On Coronavirus Outbreak

It would be challenging for China to falsify 2020 GDP figures between 6% to 6.5% amid economic fallout from the coronavirus outbreak. The Communist Party of China had come to grips of a decelerating economy, even before the deadly virus broke out. Officials blamed the slowdown on the trade war last year, and now they’re […]

Where Did The Prosperity Go?

What’s the root cause for the disappearance of widespread prosperity in our modern world? Last week’s post discussed low-wage work as the “new normal” for American workers. This is surely not the vision of resurgent prosperity that drew voters to “Make America Great Again” at the polls, despite overblown promises from the guy who won. […]

The Price of Oil: How Demand is Becoming a Major Factor

In an efficient market, the forces of demand and supply control prices. This has always been the case for nearly every market you could think of. But not for the oil and gas market. In oil and gas, investors always looked at supply to gauge the likely direction of oil prices in the coming days, […]

Citi sees oil plunging as much as $18 on Coronavirus fears

Public health officials still haven’t been able to determine what kind of impact the coronavirus will have globally and it’s clear by how they’re trading that investors are struggling to do the same. On Monday, the U.S. markets bounced after a downside swing in January eliminated the Dow Jones Industrial Average’s 2020 gains. Gold also […]

Peak Permian Oil Production May Arrive Much Sooner Than Expected

In mid-January, Adam Waterous, who operates the private equity firm Waterous Energy Fund, made a prediction about the crown jewel of the U.S. shale oil industry, the Permian shale play that straddles Texas and New Mexico. “We think we are at or near peak Permian,” Waterous told Bloomberg. “The North American oil market has been grossly […]

Societies Heading for Collapse Says Study

There’s a common thread tying together the most disruptive revolutions of human history, and it has some scientists worried about the United States. In those revolutions, conflict largely boiled down to pervasive economic inequality. On Wednesday, a study in Nature, showing how and when those first divisions between rich and poor began, suggests not only […]

While The Press And Public Focus On Iran, US Military Prepares For War With Russia

During the height of tensions with Iran last year, the United States conducted an unprecedented series of war games. Over five months, from May until the end of September, 93 separate military exercises were held, with forces operating continuously in, above and around 29 countries. The games, which practiced everything from ground platoon tactics to […]

Japan Set To Release 1.2 Million Tons Of Radioactive Fukushima Water Into Ocean, Causing “Immeasurable Damage”

Just in case a global viral pandemic, whose sources are still unclear and apparently now include human feces, wasn’t enough, the global outrage meter is about to go “up to eleven” with Japan now set to flood the world’s oceans with radioactive water. In a move that will surely prompt a furious response from Greta […]

Jim Cramer: ”Fossil Fuels Are Done”

“I’m done with fossil fuels. They’re done. They’re just done.” CNBC’s Jim Cramer didn’t even feel the need to address the disappointing earnings from the oil majors. Chevron and ExxonMobil had just announced fourth quarter results, which saw profits drop again. Their stock prices were down by 2 percent or so. It didn’t matter. He […]

US To Become Net Oil Exporter This Year

The United States will become a net oil and oil product exporter this year thanks to continued growth in production combined with slacker domestic demand, the Energy Information Administration said in its 2020 Annual Energy Outlook. Oil production, the EIA said, will continue growing until at least 2025, reaching 14 million bpd in just two years, after which it […]

Is This The End Of Canada’s Oil Sands?

Another billion-dollar energy project is polarizing Canada once again, but this time, it’s got nothing to do with pipelines, or even LNG terminals. It’s the Frontier oil sands mine that the federal government of Justin Trudeau must approve or reject by the end of next month. According to most observers, this decision will seal the […]

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LATEST NEWS HEADLINES

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