The hunger crisis linked to coronavirus could kill more people than the disease itself

The coronavirus pandemic has already claimed over half a million lives across the world, with case numbers continuing to rise. A new report by Oxfam now warns that the hunger crisis worsened by the pandemic could potentially kill more people each day than the infection itself. An estimated 12,000 people per day could die from […]

The free market: Our secret weapon for protecting the environment

Free markets are our secret weapon against environmental challenges. This is not something we hear very often. We are more likely to hear the opposite, as when Greta Thunberg lectures us about “fairy tales of eternal economic growth” and David Attenborough remarks, “Anyone who thinks that you can have infinite growth in a finite environment […]

In 2019, the United States produced and consumed record volumes of natural gas

Source: U.S. Energy Information Administration, Monthly Energy Review Note: Click for full U.S. natural gas flow 2019 diagram. Natural gas is one of the main sources of energy in the United States. In 2019, U.S. production of dry natural gas increased to almost 34 trillion cubic feet (Tcf) and consumption increased to 31 Tcf—both values […]

India Is One of the Last Big Markets for Fossil Fuels – and It Is Cashing In

In global circles fighting climate change, India scores a passing grade. Take Climate Action Tracker, a website tracking countries’ actions on climate change. Citing India’s ambitious renewable energy targets – 450 GW by 2030 – it says the country is on “track to overachieve its ‘2º C compatible‘ rated Paris Agreement climate action targets”. If […]

China Ramps Up New Nuclear Reactor Construction

The Reuters wires service reports, based on a news item in the official China Daily, and quoting the China Nuclear Energy Association, that China will build six to eight nuclear reactors a year between 2020 and 2025 and raise total capacity to 70 gigawatts (GW). The China Nuclear Energy Association said the country’s total installed […]

Is population growth risking our food security?

In 1830, the world population was only 1 billion. It took 100 years for this number to double. But within a span of only 30 years, in 1960, global population reached 3 billion. Since then, the world population estimate started to spike exponentially, and it took hardly 15 years to reach the 4 billion mark, […]

World’s Biggest Oil Importer Is Running Out Of Storage

When the bottom fell out of international crude oil markets earlier this year, global oil storage was at a premium. In the United States, finding sufficient crude oil storage became such a challenge that the West Texas Intermediate crude benchmark plummeted below zero on April 20, ending the day at -$37.63 per barrel, meaning that […]

Dakota Access Pipeline must be shut down, judge orders

The Dakota Access Pipeline must shut down by August 5 during an in-depth environmental review of the controversial project, a district court ruled Monday in a defeat for the Trump administration. © Bill Clark/CQ Roll Call UNITED STATES – AUGUST 24: Dakota Access Pipeline protesters gather in front of the E. Barrett Prettyman Federal Courthouse […]

Kunstler: Bye Bye American Pie

Way back in the 1950s, the popular euphemism to describe black children struggling in poverty was “underprivileged.” The elegant trope guided the nascent social services industry that reached full flower a few years later in Lyndon Johnson’s War on Poverty — a cause as lost, it turns out, as the War in Vietnam. The wonder […]

Saudis Raise Oil Pricing to US and Asia

Saudi Arabia raised pricing for August oil shipments to Asia, the U.S. and northern Europe amid signs that energy demand is continuing to recover from its coronavirus-triggered collapse. The move comes as the world’s biggest crude exporter pushes other major producers to join it in cutting supply to re-balance the market. State producer Saudi Aramco […]

‘The crisis is far from over.’ World economy faces an uphill climb

The world economy is entering the second half of 2020 still deeply weighed down by the COVID-19 pandemic, with a full recovery now ruled out for this year and even a 2021 comeback dependent on a lot going right. It’s a scenario few if any predicted at the start of the year when most economists […]

China reports case of bubonic plague

While China appears to have reduced coronavirus cases to near zero, other infectious threats remain, with local health authorities announcing a suspected bubonic plague case in the Inner Mongolia Autonomous Region. Authorities in the Bayannur district raised the plague warning on Sunday, ordered residents not to hunt wild animals such as marmots and to send […]

US seeks to seize Iranian oil destined for Venezuela

U.S. prosecutors will seek to put an end to Iran’s oil deliveries to Venezuela, as they have filed a new suit to seize the contents on these tankers. According to the Wall Street Journal, the U.S. prosecutors are targeting the oil from four Iranian tankers, along with the payments between Tehran and Caracas. The U.S. […]

An Archdruid’s Tales by John Michael Greer

John Michael Greer is a longtime scholar of civilizational decline, and he’s noticed that when most people try to make sense of our current civilization’s inevitable fall, they succumb to an odd fallacy. A fair number of those who accept the impermanence of modern industrial society somehow seem to expect its demise to be abrupt […]

Ghislaine Maxwell, And Other Notes From The Edge Of The Narrative Matrix

Like so many other things, all this Ghislaine Maxwell buzz would be a lot more interesting without all the dumbass partisan angles people are putting on it. People fixate on the Trump angle or the Clintons angle when it’s clear they’ve all been manipulated by forces that are far more powerful than they are. The […]

How the Pandemic Is Changing the Outlook for Peak Oil

One big question emerging from the pandemic is whether it will speed up the global shift away from oil. Life under lockdown gave a taste of a world that burns less petroleum, with consumption down by about a quarter and city dwellers from Los Angeles to New Delhi relishing the cleaner air. As restrictions eased, […]

Bakken, Something About EURs, PDP Reserves and R over P Ratio

Proven reliable methods on the Estimated Ultimate Recovery (EUR) for any well (or other agreed parameter like EUR for the average well of specified vintage populations for plays, fields, companies or other) is crucial to make estimates on remaining Proven Developed Producing (PDP) and Proven UnDeveloped (PUD) reserves which are the linchpins for assets backed […]

Oil demand to return to pre-pandemic levels by 2022

Analysts at Goldman Sachs expect global oil demand to return to pre-pandemic levels by 2022, citing a pick-up in commuting, a shift to private transportation and higher infrastructure spending. In a research note published Thursday, analysts at the U.S. investment bank estimated global oil demand would decline by 8% in 2020, rebound by 6% in […]

An Open Letter to the Permaculture and Transition Movements

Back in 2008, around the same time I was beginning my work as an intern with Transition Boulder County, the first official Transition Initiative in North America, I completed a 10-day Permaculture Design Certification Course at the Central Rocky Mountain Permaculture Institute in Basalt, Colorado. I had recently read The Transition Handbook: From Oil Dependency […]

BP and Shell will keep (some of) it in the ground

One of the biggest liabilities on the world’s climate balance sheet right now is all of the oil, gas, and coal sitting in the ground, discovered, but not yet dug up. For more than a decade, environmentalists and scientists have argued that we’re going to need to practice some restraint and keep those fossil fuels […]

Saudi Arabia Eyes Total Dominance In Oil And Gas

Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not only be the last producer, but Saudi Arabia will produce every molecule of hydrocarbon and it will put it to good use … It will […]

Dollar’s dominance to slowly melt away over coming year

The dollar’s dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock. Despite fears a surge in new COVID-19 cases would delay economies reopening and stymie a tentative […]

The Chinese Communist Party’s Ideology and Global Ambitions

Remarks delivered by National Security Advisor Robert C. O’Brien on June 24, 2020, in Phoenix, Arizona. Well, thank you Governor.  That was an extraordinarily kind introduction and for thinking of Kayla and her parents. We had them at the State of the Union. That was a very special occasion for the President and for all […]

Is the holy grail of energy finally within reach?

It’s been around for so long that it’s almost gone out of fashion. Nuclear fusion has been and remains the holy grail of energy research and it’s about to take a giant leap forward. In Provence, the world’s largest and most exciting nuclear fusion research facility is finally taking shape. The cost overruns are almost […]

Denial Stops Here: From 9-11 to Peak Oil and Beyond – Michael Ruppert

Michael Ruppert was an investigative journalist and peak oil advocate from the United States that has written and spoken extensively on the subject of 9/11, as well as many other subjects. ‘Denial Stops Here’ collates presentations that he has made, tying together many different elements in the global picture. The MediaGiant Video Catalog https://themediagiant.weebly.com

Why BP bailed on the oil industry’s one “bright spot”

Plastics were supposed to be a lifeline for Big Oil. Even before the coronavirus pandemic bottomed out demand for gasoline and jet fuel, the global transition toward climate-friendly energy and electric vehicles had hobbled their long-term outlook. Keen to diversify, Exxon, Shell, Chevron, Saudi Aramco, and other oil majors have been collectively spending $40 billion a […]

The Great Staycation

In the Northern hemisphere, summer is arriving and many families are deciding what to do for their holidays; trying to balance concerns about their finances and their fear of Covid-19, with their desire for fun and relaxation. With airlines mostly still grounded, and many facing fundamental questions over their futures, the pandemic may instead be […]

The Oil And Gas Situation: Low Rig Count, Low Fracking Activity, Low M&A

Consolidation? What consolidation? – The highlights of the quarterly mergers and acquisitions tracking report from Enverus are out today, and they show that the predicted consolidation within the U.S. shale business is still failing to materialize. This is not really a surprising result given all of the volatility in the market seen during the second […]

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LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
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• Why Germany is Choosing Natural Gas Over Nuclear Power
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• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
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• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy