Peak Oil Demand May Be Ten Years Away

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The world is past peak coal consumption and may reach peak oil consumption within the next ten years, Alexei Kudrin, the head of the Russian Accounts Chamber, told media this week. The official noted Russia will need to learn to rely less on oil export revenues over these next ten years. Otherwise, Kudrin added, this […]

Oil alliance holds firm on output as price passes $70

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Saudi energy minister says recent market developments confirmed that the decision to gradually increase production was ‘the right decision’ Energy agency’s view of hydrocarbon investment is ‘sequel to La La Land,’ Saudi minister says DUBAI: The OPEC+ alliance of oil producers led by Saudi Arabia and Russia kept supply on an upward track on Tuesday […]

The pandemic has proved peak oil demand wrong

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While the world is not yet back to pre-pandemic travel levels and there is still ongoing disruption to ground transportation and air traffic, the world now consumes more than 95 million barrels of oil per day (bpd) and is forecast to reach an average of 97.7 million bpd during 2021, according to the latest US […]

Oil Prices Rally to Highest Settlements in Years

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Oil resumed its advance, reaching the highest settlement in over two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air. West Texas Intermediate crude rose 2.1%, while global benchmark Brent settled above $70 a barrel for the first time since 2019. Prices […]

The Social Decay That Is Eating Away At America Like A Cancer Is Visible All Around Us

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You probably don’t need me to tell you that society is coming apart at the seams all around us.  If you live in a major city, you can just walk outside and watch it happen right in front of you.  Prior to 2020, social decay was steadily eating away at our society, but once the […]

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