Heinberg: Making America ungovernable

The US presidential election of 2020 is now behind us—or is it? President Trump has yet to concede his defeat, and many Republican lawmakers have demanded recounts and backed lawsuits. Some commentators fear that the current administration is laying the groundwork for a coup d’état by preventing the peaceful transfer of power, but—given the extraordinary […]

The Invisible oiliness of everything

Preface.  Even a simple object like a pencil requires dozens of actions to make and dozens of objects that took energy to make.  This is why it is unlikely wind, solar, or any other contraption that make electricity, have a positive return of energy, or energy returned on energy invested.  If you look at all […]

Checklist for ERoEI*

In this post, I will diagram that which I have been unable to explain in words.  In particular, the recycle problem receives special attention. The community must be dedicated to the production of energy and only to the production of energy until such time as the individual’s share of the sustainable community dividend can afford […]

The Depletion of Fossil Fuels

Coal, natural gasses and oil are non-renewable sources of energy. They are also known as fossil fuels. A large percentage of these non-renewable sources are globally used as the main energy source that people consumes. Plants, and other decomposing materials such as dead animals and the like are main sources of fossil fuels. They have […]

Switch to electric vehicles could ‘end oil era’

Emerging markets switching from petrol and diesel engines to electric vehicles (EVs) could save $250 billion annually and slash expected growth in global oil demand by as much as 70 percent, an industry analysis showed Friday. As more and more nations such as China and India look to grow their electic fleet, they are in […]

GoM Summary Part V: Possible Futures

This analysis concerns C&C only. Natural gas production is low and steadily declining with few deep gas-condensate discoveries and the shallow dry gas fields at end of life. I don’t know if lack of gas may affect oil production – e.g. insufficient: flow to allow stable pipeline operation; income to be economic to warrant continuing […]

Peak Oil Never Went Away

Do you remember peak oil? It was all the rage a decade ago. Now, almost no one is talking about it. The funny thing is, the problem never went away. If anything, it’s gotten worse. In this post, I take a deep dive into peak oil. I show you that the peak in the production […]

UN warns of ‘famines of biblical proportions’ within the next year

Story at a glance In April, the head of the WFP warned of devastating famines in dozens of countries due to the ramifications of COVID-19. World leaders responded with funds and stimulus packages and managed to avoid the worst-case scenario. Now as the coronavirus continues to surge, prompting another wave of shutdowns, David Beasley says […]

How Much Oil and Gas Has Been Found in 2020?

Global conventional oil and gas discoveries already exceed eight billion barrels of oil equivalent (boe) and are projected to settle at around ten billion boe by the end of the year, according to a new Rystad Energy analysis. About 3.75 billion boe, or 46 percent of total discovered volumes, are gas while liquid volumes are […]

The Pandemic in China: a Governance Lesson to the West

    China:  Oct 1st, 2020, celebrations of the national day. From this and other pictures, it is clear that the Chinese are not too much worried about getting close together, even without wearing face masks (source)   The text below is the translation of a post I published in Italian on the Facebook site […]

Oil Prices Rise with Weaker Greenback

Oil closed higher as a weaker dollar offset an OPEC+ committee’s decision to hold off on offering a recommendation on whether a planned production hike should move forward. Futures rose 0.2% in rose in New York in an afternoon rally after falling as much as 1.9% earlier in Tuesday’s session. The Bloomberg Dollar Spot Index […]

Iran says it exports 700,000 bpd of oil, later denies

An Iranian official said on Wednesday that Tehran exported up to 700,000 barrels per day (bpd) of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret as the country fights U.S. sanctions. FILE PHOTO: A gas flare on an oil production platform […]

Aramco Kicks Off Bond Sale

Saudi Aramco kicked off a jumbo bond sale Tuesday to help fund a $75 billion dividend, returning to the debt markets for the first time since April of last year. The state energy firm is raising debt after slumping crude prices caused profit to fall by 45% in the third quarter. That’s left it unable […]

COVID-19 lockdowns to usher in a ‘Great Reset’

America is locking down again. In some places, that’s already happening. If you have kids, you’ve seen it. Joe Biden has promised more of it — more masks, more quarantines, more limits on travel, more restrictions on who you can eat with and who you can touch. The most intimate details of our lives are being […]

IEA sees new European lockdowns denting oil demand outlook

Renewed lockdown measures in Europe aimed at containing a rise in COVID-19 cases appear set to push the outlook for global oil demand toward the downside, an official with the International Energy Agency (IEA) said. Keisuke Sadamori, IEA director for energy markets and security, told Reuters the impact would, however, likely be less severe than […]

U.N. Chief Guterres Demands End to Coal-Fired Power in a Reset World

The world must stop building new coal power plants and instead embrace green alternatives in a post-coronavirus reset world, U.N. Secretary-General Antonio Guterres said on Saturday. Speaking via video message to the East Asia Summit 2020, Guterres called on all countries to reject coal and join together in seeking other alternatives. To that end, Guterres demanded […]

Public money guarantees ‘risky’ fossil fuel projects

Energy firms are undertaking financially risky natural gas extraction projects from the Arctic to Africa made feasible by government-backed loans and guarantees, jeopardising efforts to curb global warming, experts say. As pressure from the public and investors to green their portfolios grows, and the cost of renewable energy continues to fall, oil and gas majors […]

Why Climate Solutions Will Fail… or Not

“70 million USAnians voted for Krusty the maniacal clown instead of Mr. Rogers. Is it that we genetically crave that kind of entertainment?“ Image after Victoria Van, Tiger Times student newspaper in Texarkana Last week I took a look at the McPherson Paradox and explained why it failed the real-world test of the Covid Pandemic. […]

The Cosmic Doctrine: The Law of Impactation

This week we continue a monthly discussion of The Cosmic Doctrine by Dion Fortune, which I consider the most important work of 20th century occult philosophy. Climb in and fasten your seat belts; it’s turning out to be as wild a ride as I expected. If you’re just joining us now, please go back and […]

Trump administration pushes to sell Alaska oil leases pre-Biden inauguration

The Trump Administration will take key steps to finalize a sale of oil drilling leases in the sensitive Arctic National Wildlife Refuge (ANWR) in Alaska, a government spokeswoman said on Friday. The White House will be sending out a call for nominations in coming days, according to a spokeswoman for the U.S. Bureau of Land […]

Telling others about peak oil and limits to growth

Preface. Obviously the planet is finite. We’re using many times more oil than we’re discovering, and therefore at some point global oil production will peak and decline.  Yet even in 2019 this reality is denied by most, so much so that low prices after the last financial crash caused by high oil prices, has led […]

China’s ‘secretive, crash’ nuclear buildup revealed

China is rapidly building up its nuclear forces, including the expansion of plutonium and uranium plants as part of a secretive, crash program to add warheads to its growing missile and bomber forces, according to declassified U.S. briefing slides obtained by The Washington Times. The four slides were part of a recent briefing for NATO […]

Orlov: “Watch This!”

There are times in my career as a collapse observer and systematizer when my running commentary can quite reasonably be pared down to just two words: “Watch this!” The current severe stage of the financial and economic collapse sequence that was initiated in 2008, which is being artificially masked (no pun intended) by the Covid “pandemic,” and […]

Nuclear vs Solar: The Race For Renewable Dominance

Back in October, Texas GOP Rep. Dan Crenshaw opined that solar and wind “don’t work,” calling them “silly solutions.” Instead, nuclear energy would be a “far better energy resource than solar and wind if [Democrats] cared about zero emissions.” Crenshaw will likely be challenged on this – quite seriously. On Nov. 4, the day after […]

Kunstler: The Worm in the Machine

The avatars of good government, Joe Biden, and his righteous Democrats, seem a little bit spooked by the globe-of-silence enveloping Mr. Trump and his lawyers the past few days. The Dems’ narrative at this point, mid-game, is that… “the election was the most secure in the nation’s history” (The New York Times).  Anything else is a “conspiracy […]

Introducing the ‘Great Reset’

For decades, progressives have attempted to use climate change to justify liberal policy changes. But their latest attempt – a new proposal called the “Great Reset” – is the most ambitious and radical plan the world has seen in more than a generation. At a virtual meeting earlier in June hosted by the World Economic […]

Oil and gas CEOs play down industry fears of Biden; stress ‘collaboration’

Occidental’s Hollub ‘not so worried’ about Democrat’s agenda Total’s Pouyanne sees US investment opportunities Vitol’s Hardy sees ‘European flavor’ entering US market London — Oil and natural gas industry executives have given a cautious welcome to the prospect of a Joe Biden presidency in the US, with Occidental Petroleum CEO Vicki Hollub saying the industry […]

The Prosperity Hoax

NO ONE DENIES THAT A LARGE number of people worldwide live in drudgerous poverty. But it would appear that we are in the midst of a historic transformation. In recent years, a spate of articles in the anglophone press and academia have suggested that global poverty has entered terminal decline—all thanks to capitalism. Writing for the […]

Japan Eyes Replacing Oil With Hydrogen Amid Carbon Neutral Push

Tucked into a port in western Japan sits a spherical tank that may soon hold the country’s energy future. The import terminal in the city of Kobe, is slated to get its debut hydrogen shipment in March. Over the next 30 years deliveries of the zero-emission fuel are expected to ramp up exponentially as the […]

The fall of an empire

The decline of ExxonMobil has been remarkable in its magnitude and unexpectedness. Why it matters: While all major oil companies are facing troubles, Exxon has fallen the farthest, in large part because it has made the biggest bets on oil and gas — and the smallest bets on renewable energy. While rival BP has recently […]

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