A tipping point for the global economy

The conflict over oil production between Saudi Arabia and Russia this weekend has sent oil prices plummeting and comes on the heels of growing worries about the spread of coronavirus. This marks the first time the global economy has been buffeted by simultaneous supply shocks. The two are related. The conflict among oil producers was […]

US natural gas consumption sets new record

Source: U.S. Energy Information Administration, Natural Gas Monthly Note: Other includes lease and plant fuel consumption, pipeline and distribution use, and vehicle fuel consumption. U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s (EIA) recently released Natural […]

How to Prepare Now for the Complete End of the World

When the end comes, some will not be waiting in a bunker for a savior. They will stride out into the wilderness with confidence, ready to hunt and kill a deer, tan its hide and sleep easily in a hand-built shelter, close by a fire they made from the force of their two palms on […]

Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices

With the commodity world still smarting from the Nov 2014 Saudi decision to (temporarily) break apart OPEC, and flood the market with oil in (failed) hopes of crushing US shale producers (who survived thanks to generous banks extending loan terms and even more generous buyers of junk bonds), which nonetheless resulted in a painful manufacturing […]

The Great Saudi Shale Swindle

Saudi Arabia’s oil and gas giant, Aramco, has been given the go-ahead to launch the Jafurah shale gas field project, which will be the biggest shale gas development outside the U.S. The official reason is that the project will boost domestic gas supply and end the burning of oil at its power generation plants. The […]

Huge Red Flag For Oil: Global Economic Growth Could Be Cut In Half

A prolonged and wide-ranging coronavirus outbreak could cut global economic growth to just 1.5 percent this year, half the growth rate expected before the outbreak, and send Japan and the euro area into recession, the Organisation for Economic Cooperation and Development (OECD) said on Monday. A significant drop in global economic growth is very bad […]

Saudi Arabia arrests at least 3 members of royal family

Mohammed bin Salman, the Crown Prince of Saudi Arabia, left, speaking to his father King Salman in 2018 © AP Saudi Arabia has arrested at least three members of the royal family members in a new crackdown that appears to be part of Crown Prince Mohammed bin Salman’s efforts to further shore up his control […]

Energy Storage and our Unpredictable Future

It’s a fine spring day and you decide on a whim to go camping. By early afternoon you’ve reached a sheltered clearing in the woods, the sky is clear, and you relax against a tree trunk rejoicing that “The best things in life are free!” as you soak up the abundant warmth of the sun. […]

The Things That Matter Don’t Change

Summary There is gravity to the coronavirus and the possibility to spread and infect populations around the globe. The coronavirus points to the clear danger of concentrating manufacturing supply chains in one country. As the U.S. downsizes its navy and withdraws from being the world’s policeman, the transport of oil to where it’s needed will […]

Is The US Shale Boom Over? Four Major Threats To The Fracking Revolution

The U.S. is awash in cheap shale oil and gas. After decades of declining U.S. oil output, the fracking revolution unlocked vast oil and gas deposits and made America the world’s No. 1 oil producer. The once-massive U.S. petroleum deficit — $436 billion in 2008 — turned into a surplus last September. “We do not […]

Oil Falls to a 3-Year Low on Ongoing OPEC+ Cut Indecision

Brent crude settled below $50 a barrel for the first time since July 2017, as uncertainty loomed over whether Russia would agree to OPEC’s proposal for a large production cut. Futures in London fell 2.2% as OPEC ministers extended their initial proposal for a 1.5 million-barrel-a-day supply reduction to year-end, according to delegates. The reduction […]

“Peak Oil? What Peak Oil?” – Redefining Energy podcast

“Peak Oil? What Peak Oil?”. In Episode 20 of the Redefining Energy podcast, we welcome Callum Macpherson – Head of Commodities at Investec – to discuss Oil, and more specifically how Oil can or cannot be displaced from its various uses: Automobile, Heavy Duty, Shipping, Aviation… Is the world really running out of Oil? Or […]

A $30 Oil Price Is the Real Virus Threat to OPEC

View photos (Bloomberg Opinion) — It’s finally upon us. The week when ministers from the oil producing countries of OPEC and their allies meet to decide on the future of their latest round of output cuts. Having failed to persuade Russia to bring the meeting forward, Saudi Arabia will now hope to convince its biggest […]

Scarcity and growth: Our world’s contradictory terrors

In 1933, ground-breaking British economist John Maynard Keynes wrote: “[Individualistic capitalism] doesn’t deliver the goods. In short, we dislike it and we are beginning to despise it. But when we wonder what to put in its place, we are extremely perplexed.” At that time, the world was deep in the Great Depression. But it is […]

Eni says its oil and gas production will peak in 2025

Italian energy group Eni said its oil and gas production would peak in 2025 as the energy company pledged to cut its greenhouse gas emissions by 80 per cent by 2050. The latest set of climate pledges by a European energy major come as the industry is under intense pressure from investors and climate activists […]

Could 2020 Be the Year of Hydrogen?

Hydrogen has long been touted as a green alternative to traditional forms of energy generation, such as burning natural gas. When produced via the electrolysis of water, hydrogen has a very low carbon footprint – and the only by-product created when it is combusted is that self-same water. As such, it’s far more beneficial in […]

Max Keiser interviews James Howard Kunstler

In this episode of Keiser Report from Mexico City, Max and Stacy discuss the fact that the Fed’s ‘Cantillon Effect’ has allowed many tens of billionaires to shower the deplorables with seemingly generous donations. When looked at a little closer, they buying themselves a great deal of positive publicity with the deplorables’ own money . […]

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