Kunstler: Offstage Noises

Friday night, the US Supreme Court booted the Texas case against the swing state election janksters, the citation of “standing” likely a cover story for another reason that isn’t strictly legal doctrine but rather a sentiment, namely, that a presidential election dispute belongs more properly in the elected House of Representatives than in the unelected […]

Setting Your Portfolio Up for “Peak Oil”

Last time we talked, I told you about the best energy plays available now that energy stocks are coming back into favor with investors. As I said, near-term demand remains an issue for big oil companies. The economic fallout of COVID-19 has caused problems for the energy sector as cars and planes are not moving […]

Prices Of Chinese Rare Earths Are Soaring

BMO Capital Markets says that a surge in the price of Chinese rare earth metals in November is a reflection of the geopolitical tensions between that country and the developed world. Commenting on the sudden price gains in a research note, BMO’s commodity analyst Colin Hamilton also said that as nations around the world consider […]

‘Is Exxon a survivor?’ The oil giant is at a crossroads

Over the last 135 years, Exxon Mobil has survived hostile governments, ill-fated investments and the catastrophic Exxon Valdez oil spill. Through it all, the oil company made bundles of money. But suddenly Exxon is slipping badly, its long latent vulnerabilities exposed by the coronavirus pandemic and technological shifts that promise to transform the energy world […]

The great reset

In May, the World Economic Forum launched its ‘great reset’ initiative. In October, Time Magazine dedicated an entire issue to the idea. Just a week later, International Monetary Fund Managing Director Kristalina Georgieva declared that the world was facing a ‘new Bretton Woods moment’. Almost seven years ago, Amsterdam University Press published my book, The […]

The End of the World as We Know It?

How is the world going to end? Polls consistently show that most believe the cause will be environmental. “Climate anxiety” has reached such a fevered pitch among young people across the globe that the Lancet recently issued a special “call to action” to help with the problem. Clinicians have even created “climate anxiety scales” to measure […]

Missiles, bullying claims, a tragic death: what’s going on at Saudi Aramco?

When Alwyn Whitcher took a job with Saudi Aramco in 2017, he believed he was joining a company with a history of valuing the expatriate engineers who helped build and run the desert kingdom’s state oil giant. Three years after the South African started work at the Saudi Arabian cash cow, his dead body was […]

Russia said record global oil demand has already passed

The days of peak oil consumption for the global economy may be over and the trend could affect Russia’s budget revenue, the country’s deputy finance minister, Vladimir Kolychev, warned. “The peak of consumption must have already passed,” Kolichev told Bloomberg in a recent interview. The official said there is a long-term risk that hydrocarbon revenue […]

Tesla and EVs didn’t brake for the pandemic, and now the age of oil is ending

During the first nine months of 2020, car sales cratered, with every major automaker seeing a steep drop in sales as the pandemic raged across the globe. That is, of course, every major automaker except Tesla. Despite the world practically stopping due to the pandemic, the Silicon Valley-based electric car maker sold more cars than […]

How to make your business thrive by doing good

Professor Klaus Schwab, the founder of the World Economic Forum, has called for the abandonment of both “shareholder capitalism” and “state capitalism”, which have proven to be incapable of meeting the world’s challenges. He suggests that a “stakeholder capitalism” – a term he coined in the early 1970s – would enable a “Great Reset” of […]

World’s Top Oil Trader Retiring From Shell

Royal Dutch Shell Plc is shaking up its mighty in-house trading unit, with the retirement of Mark Quartermain as head of crude — a job widely seen as the most powerful in the global oil-trading industry. The Anglo-Dutch oil major used the reshuffle to promote at least three women to top positions in trading, a […]

Using the Coronavirus as The Great Reset?

Is the coronavirus cure worse than the virus itself? After almost an entire year of masks, social distancing, lockdowns, unemployment and hits to the economy, it doesn’t SEEM to really be working to return us to normalcy. Also, can we believe the government when it comes to the new vaccine, or do we believe conspiracy-theorist […]

China Set to Bail Out Iraq with Multibillion-Dollar Oil Deal

Iraq is poised to sign a multibillion-dollar contract with China ZhenHua Oil Co., a bailout from Beijing for the cash-strapped government which will receive money upfront in exchange for long-term oil supplies. The deal is the latest example of China, via state-controlled trading companies and banks, lending to struggling oil producers such as Angola, Venezuela […]

US EIA cuts 2021 world oil demand growth forecast

The U.S. Energy Information Administration on Tuesday cut its 2021 world oil demand growth forecast by 110,000 barrels per day to 5.78 million bpd. In its monthly forecast, the agency cut its oil demand growth estimate for 2020 by 240,000 bpd to 8.85 million bpd. reuters

De-Growth Will Define How We Live in the Future

Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 5, 2018. Oil production has been causing a sudden influx of money especially for local Texans despite the consequences to the natural environment. (Photo by Benjamin Lowy/Getty Images) You may have noticed that the nation entered a political crisis after […]

The turning point of 2020

Close your eyes. Take yourself forward in time to 2050, and then look back to 2020. What will you see? What will the historians of the future say of this time? What was the trajectory that the world embarked on after it? Was it a turning point, or just a blip in the flowing trends […]

To save life on Earth, consult this new map

A new study shows that 50.4% of land on Earth needs to be protected to reverse biodiversity loss, halt climate change and prevent future pandemics, with Latin American countries poised to lead that movement. Eric Dinerstein, one of the study’s authors, says regions with rare and endangered species, which represent 2.3% of the Earth’s surface, […]

‘Unprecedented Collapse’ in Transportation Propels Slump in Oil Consumption, Says IEA

Amid the upheaval imposed by the coronavirus pandemic, 2020 global energy consumption in the transportation sector is forecast to decrease 10% year/year, led lower by an 11% drop in oil consumption, the International Energy Agency (IEA) said Thursday. This decline is expected to account for nearly two-thirds of the total expected year/year pullback in oil […]

Denmark to End North Sea Oil Production

Denmark, the European Union’s biggest oil producer, will stop offering new licenses in the North Sea and phase out production altogether in 2050 as it takes an historic step toward a fossil-fuel free future. Climate and Energy Minister Dan Jorgensen told reporters in Copenhagen that he expects the decision to “resonate around the world.” The […]

Alberta’s oil-pipeline pipeline might be nearing its end

Forty billion dollars. According to Alberta’s fiscal update last week, that’s the huge sum by which oil and gas investment in the province is expected to plummet, from what was predicted as recently as in the February budget. Investment in Alberta’s reeling oil and gas sector has already plunged by more than 50 per cent […]

China Is Collecting DNA to Wipe Out Some Racial Groups, Alleges Columnist Gordon Chang

Chinas COVID-19 Vaccine Launch by 2020 end? Many countries around the world see China not as a friend but as a threat, due to its internal and international actions. When the Coronavirus pandemic hit the world, many people speculated that it’s a new bioweapon developed by the Chinese authorities. Now, another claim has emerged that […]

Is OPEC finally beginning to unravel?

Another month, another OPEC “crisis.” It’s the usual problem: The cartel, meeting in Vienna this week, can’t agree on how to balance production with price. The Saudi-led oil exporters, boosted by non-OPEC countries such as Russia and Kazakhstan, can’t control price as such so have to imagine how to agree on output levels that may, […]

Saudi Aramco’s IPO Birthday Party Crashed by the UAE

The word “pandemic” didn’t appear among the risk factors in the prospectus for the world’s biggest IPO, Saudi Aramco’s, which marks its first anniversary this weekend. It turns out that didn’t matter: Despite Covid-19’s savaging of the oil market, shares of Saudi Arabian Oil Co. now trade 12% higher than where they debuted. Others haven’t fared so well. To put that […]

Where There’s a Well There’s a Way

Last month, the French company ENGIE hit the brakes on a multi-billion-dollar contract to import liquified natural gas from the United States. Why the cold feet? It seems the French are understandably concerned about the climate impacts of US methane emissions. Source This news helps fuel arguments that we should be doubling down (versus backing […]

Update on US Oil production

A post by Ovi at peakoilbarrel All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports that project future production is provided. The charts below are updated to September 2020 for the […]

Debt slavery & the great reset

In this episode of Keiser Report, Max and Stacy look at the online conversations of a money printer and how financialization has turned Saudi Aramco into a money-losing operation. In the second half, Max continues his conversation with Saifedean Ammous about his new book, ‘The Fiat Standard: The Debt Slavery Alternative to Human Civilization’. They […]

Peak James Kunstler?

James Howard Kunstler was always the John Gray of Peak Oil prophets, or beyond that, a Cassandra in reverse — often telling direly pessimistic overstatements, but always being believed. I had read columns and essays by him semi-regularly 15 years ago, when many in the West were worried about Peak Oil. Recently, I saw his […]

The love of the human: Interview with Judy Ling Wong

Population is a complicated and multi-faceted issue. To help ensure that we at Population Matters (PM) say and do the right things, we have an Expert Advisory Group. Among those experts is the founder of the Black Environment Network, Judy Ling Wong. In conversation with Population Matters Head of Campaigns Alistair Currie, Judy discusses how […]

Japan May Ban Internal Combustion Vehicles Next Decade

The Japan Broadcasting Corporation, better known as NHK, reported that the island nation is considering banning new internal combustion engine cars by the mid-2030s this week. While we will continue to maintain that such an effort seems unrealistic when confronting the current realities of the market, Japan’s alleged plan offers a bit more leeway than […]

Big Oil Seeks Redemption in the Hydrogen Revolution

What’s a fossil fuel company to do when the world is planning to give up on fossil fuels? Join the revolution, of course. That helps explain the enthusiasm of Equinor ASA, Royal Dutch Shell Plc and PetroChina Co. about getting in on the switch to a hydrogen economy. For a century, oil companies have spent colossal sums of […]

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