Covid War Ending – Gerald Celente

Renowned trends researcher and publisher of “The Trends Journal,” Gerald Celente, boldly predicted back in April 2021, “We are going to start seeing a big anti-vax movement.”  He was spot on.  Now, Celente has another bold prediction:  “The Covid War is coming to an end.”  Celente explains, “On the virus, my forecast is the Covid […]

Shooting Oil in a Barrel

“War is a contagion, whether it be declared or undeclared.” – Franklin D. Roosevelt On July 26, 1941, President Franklin Delano Roosevelt (FDR) seized all Japanese assets in the US and imposed a strict oil embargo on the country. Britain and the Dutch East Indies – the colonial predecessor to modern-day Indonesia and a major […]

Why Civilizations Collapse

Hours before President Joe Biden was set to speak about America’s infrastructure in Pittsburgh, one of that city’s bridges collapsed, three years after someone warned about it on Twitter. As the comedian Dennis Miller said once in another context, “if the symbolism were any more obvious, Andrew Lloyd Webber would have written a Broadway musical about […]

Chevron CEO Sees $100 Oil on Geopolitical Risks, Demand

Chevron Chairman and CEO Mike Wirth discusses fourth-quarter results, the potential for triple-digit oil prices, and the company’s approach to M&A on “Bloomberg Markets.”

New England Burns Oil Like Crazy to Keep Lights On During Storm

According to ISO New England, the electric power grid manager for New England, short-term power demand forecasting shows projected peak load reaching 19,250 MW on Jan. 29, because of the coming winter storm. The grid’s expected winter power demand peak, or what they plan for at the maximum, is 19,710 MW. That’s really too close […]

Ecuador’s private heavy crude pipeline bursts in Amazon region

Ecuador’s privately held heavy crude pipeline burst on Friday and technical staff are at the scene working to contain the damage, crude transport company OCP Ecuador said. The incident happened in the so-called Piedra Fina zone, an area in Ecuador’s Amazon where regressive erosion caused the OCP pipeline and the state-owned SOTE pipeline to halt […]

Dude, Where’s My Oil?

You won’t find it here. Photographer: Qilai Shen/Bloomberg Where did all the oil go? According to the latest estimates, the world should still be awash in oil stockpiles built up during the pandemic. But that’s not what the actual data on oil supplies show. The International Energy Agency’s latest report, published on Wednesday, shows that, […]

The Unmanageable Futureby John Michael Greer

Explorers into unknown territory face plenty of risks. One that doesn’t always get the attention it deserves is the possibility that they know less about the country ahead than they think. Inaccurate maps, jumbled records, travelers’ tales that got garbled in transmission or were made up in the first place:  all these and more have […]

Oil Production Capacity For Dummies

There has been a lot of attention given to the question of whether or not various OPEC+ countries will be able to meet their allowed production targets as the year progresses, given that some—such as Angola and Nigeria—are already well below their allowed levels. This is a major factor behind predictions that oil prices will […]

EIA expects U.S. fossil fuel production to reach new highs in 2023

Source: U.S. Energy Information Administration, Monthly Energy Review and Short-Term Energy Outlook (STEO) After declining in 2020, the combined production of U.S. fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 quadrillion British thermal units. Based on forecasts in our latest Short-Term Energy Outlook (STEO), we expect U.S. […]

Have You Seen 200 Million Barrels of Oil Anywhere?

The International Energy Agency is trying to figure out where 200 million barrels of oil went. The adviser to energy-consuming nations said on Wednesday that observable global oil inventories plunged by more than 600 million barrels last year. That would be fine were it not for the fact — based on its estimates of supply […]

Energy Limits Are Likely To Push The World Economy Into Recession In 2022

In my view, there are three ways a growing economy can be sustained: With a growing supply of cheap-to-produce energy products, matched to the economy’s energy needs. With growing debt and other indirect promises of future goods and services, such as rising asset prices. With growing complexity, such as greater mechanization of processes and supply […]

“All But Certain” We’re On The Cusp Of A Massive War With Russia

The Ukrainian-born MSNBC favorite Alexander Vindman, best known for his role in the Trump impeachment, has informed the network’s viewership that we are almost certainly on the cusp of a war with Russia comparable to World War II. “I think we’re basically just on the cusp of war,” the retired lieutenant colonel told MSNBC’s Nicolle […]

Doomberg: In Praise of Corn Ethanol

“The magician and the politician have much in common: they both have to draw our attention away from what they are really doing.” – Ben Okri Etymology teaches us much about history. Take the word plumbing, which is derived from the Latin word plumbum, which means “lead.” In Roman times, elaborate systems of lead pipes […]

Should You Move While You Can, Or When You Must?

This gives an extreme advantage to those few who move first, long before they must. The financial advantage for first movers is equally extreme. Moving is a difficult decision, so we hesitate. But when the window to do so closes, it’s too late. We always think we have all the time in the world to ponder, […]

Germany To Dedicate 2% Of Its Land To Wind Power Development

Germany, despite its claim to be a renewable energy leader, is not currently on track to meet its 2030 climate and energy targets. This week, the nation’s new Green Minister for Economics and Climate, Robert Habeck, presented a bold new plan for expanding onshore and offshore wind power. If successful, the plan would add up […]

China to release oil reserves to curb rising prices

China will release its state crude oil reserves in the Lunar New Year – starting 1 February – as it joins the US-led plan to drive down global oil prices, Reuters has reported. The exact volume to be released has not yet been disclosed, and will reportedly be dependent on oil price levels. The Biden administration conducted a series of talks […]

Kunstler: Dog Gone

So much chatter in the news media these days about who will be “Joe Biden’s” running mate in 2024 — not that there’s anything wrong with his current sidekick — but I’ve got half a mind to throw my own hat in the ring. That’d make two of us with half a mind and a […]

US becomes world’s top exporter of liquified natural gas

According to ICIS LNG’s ship tracking data, the United States is currently the world’s leading exporter of liquefied natural gas, as shipment demand in the United States is skyrocketing due to the energy crisis in Europe and the shortage in China. LNG exports from the United States exceeded 7.7 million tonnes in December. The United […]

COPE and CATACLYSM

It is possible for a population to forget a global catastrophe within the span of a few generations. The primary mechanism of cope is not self-deception, as many believe, it is Amnesia. People forget huge parts of ongoing reality, of their own near days. There was, in living memory, a great famine in China and […]

World food prices hit 10-year peak in 2021

World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the UN food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.7 points last month […]

Why is there a global price hike in the oil market?

The current oil market is out of the ordinary. The Covid-19 pandemic has caused funkiness and dislocations throughout the global economy, including in the energy sector. This isn’t just a US problem; energy markets are worldwide, and while America remains the world’s biggest producer, there are many other factors at play. Today, due to widespread […]

Meta Censors Anti-Imperialist Speech In Obedience To The US Government

Anti-imperialist commentator Richard Medhurst reports that Instagram has deleted some 20 images from his account and given him a warning that he could face a permanent ban if he continues making similar posts. The posts in question are screenshots from a Twitter thread Medhurst made to commemorate the two-year anniversary of the Trump administration’s assassination of […]

Chinese nuclear fusion experiment holds 70 million ° C for 17 minutes

The Experimental Advanced Superconducting Tokamak (EAST) in Hefei in the east Chinese province of Anhui reports a new temperature record. At the end of last year, a plasma temperature of 70 million ° C could be maintained in the experimental nuclear fusion reactor for 1056 seconds, i.e. a good 17 minutes, reports the Institute for […]

Indonesia bans coal exports in January

Indonesia has banned coal exports in January due to concerns that low supplies at domestic power plants could lead to widespread blackouts, a senior official at the energy ministry said on Saturday (Jan 1). The country is the world’s biggest exporter of thermal coal, exporting around 400 million tonnes in 2020. Its biggest customers are […]

The Great Reset Is Actually A Great Purge Against Humanity

In a recent Op-Ed, I had outlined the causes and ramifications of a looming supply chain crisis. Shortfalls in fundamental goods and services, however, are just the surface symptoms of a silent, protracted war against human merit. Throughout history, the most universal and indispensable asset has been human resource. Civilizations were built on human ingenuity. […]

Energy got a lot more expensive in 2021

MARY LOUISE KELLY, HOST: Compared to this time last year, we’re all paying a lot more to use all sorts of energy right now, whether it is gas for our cars or heating fuel for our homes. That is part of a global trend. And NPR’s Camila Domonoske is here to explain why. Hey, Camila. […]

USA Loans Oil to Exxon Again

Exxon Mobil Corp. was granted another oil loan from the U.S. strategic reserves under President Joe Biden’s effort to ease pain at the gasoline pump. Exxon was awarded 2 million barrels as part of the crude-exchange program announced in November after gasoline prices touched a seven-year high. The latest grant brings the total awarded to […]

Energy costs soar in 2021

Energy prices soared in 2021 — with gas, oil, coal, electricity and carbon all shooting higher in large part owing to a resurgence of geopolitical tensions between producers and consumers. The “steep rise in prices was probably the most dramatic development on the commodities markets in 2021”, noted Commerzbank analyst Barbara Lambrecht. The most spectacular […]

Untouchable Big Oil Threatens All Life On Earth

All life on Earth is threatened by catastrophic climate change–the main culprit is so powerful that the U.S. government is setup to serve it, rather than regulate it. The oil industry is a powerhouse with control over land, resources, politics and more. In this episode of The Empire Files, Abby Martin uncovers big oil’s strong-arm […]

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