IPCC Demands Peak Oil Now

Guest hyperbole by David Middleton Definition of Hyperbole Hyperbole, derived from a Greek word meaning “over-casting,” is a figure of speech that involves an exaggeration of ideas for the sake of emphasis. Literary Devices IPCC demands Peak Oil now = hyperbole… Or does it? Article / April 23, 2019 OVEREXPOSED The IPCC’s report on 1.5°C and the risks of […]

Russian Oil to Parts of Europe Suspended

Russian oil flows to parts of Europe were halted after customers complained of unusual impurities in the crude, adding another disruption to the global oil market and pushing prices in London above $75 a barrel. Poland, which receives oil through a northern section of the giant Druzhba pipeline, stopped Russian imports, saying shipments have become […]

What Oil Shortage? Just a Case of Supply Being Redistributed

Last April, Iran exported about 2.5 million barrels of oil per day (mbpd) before President Donald Trump decided to withdraw from the nuclear deal with Tehran. Sanctions were then placed on Iran, but following great opposition from Iran’s key customers, namely China and India, the U.S. granted “waivers” to allow some exports of Iranian crude. […]

The Firm Floor Under Oil Prices

The continued slowdown of US shale production and the looming deadline for Iran sanctions waivers have put a floor under oil prices this week Friday, April 19, 2019 Oil held steady at the close of the week, with a slowdown in U.S. shale and the looming deadline for a decision on Iran sanctions waivers putting […]

Saudi Aramco’s Quest to Become the World’s Biggest Oil Consumer

Saudi Aramco is well known as the world’s top crude exporter. If all goes to plan, it may also become the biggest user of the fossil fuel. More than a third of Aramco’s oil is currently fed into its fully-owned and joint venture refineries, according to its bond prospectus. The company plans to double its […]

The true feasibility of moving away from fossil fuels

One of the great misconceptions of our time is the belief that we can move away from fossil fuels if we make suitable choices on fuels. In one view, we can make the transition to a low-energy economy powered by wind, water, and solar. In other versions, we might include some other energy sources, such […]

The Skeleton In The Electric Car Closet

The number of electric vehicles is increasing rapidly, but at great human cost. You probably have not heard anything other than praise for electric cars in the mainstream media. They are sexy and environmentally friendly too, we are told. The first may be true, but not the latter. Batteries are not good for the environment, and their […]

Why Oil Prices Rallied 30% This Year

Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade—since the second quarter of 2009. At the start of the second quarter of 2019, WTI Crude had already topped $60 last week and has been trading above that level in […]

The World Economy Is A Pyramid Scheme

The world economy is based on ever-increasing population, said Nobel laureate Steven Chu, a scheme that economists don’t talk about and that governments won’t face, a scheme that makes sustainability impossible and that is likely to eventually fail. “The world needs a new model of how to generate a rising standard of living that’s not dependent […]

The New World Disorder – Global Population Crisis

According to Peter Zeihan, the geopolitical strategist who has predicted global chaos in the wake of the collapse of the post-WWII multi-lateral world, it is now clear that the least understood component of global trade is agricultural production and its delicate and highly unstable distribution chain. As global systems are now at risk, a huge […]

Paul Krugman: Should We Worry About the Slowing Economy?

Last year looked like the time when President Trump had delivered on his promises to strengthen the economy. His tax cuts appeared to juice growth above 3 percent, a pace the United States had not topped since 2005. But on Thursday the Commerce Department revised 2018 growth downward to below 3 percent, even as forecasts […]

The world’s reliance on wheat threatens food security

Global farming practices – dominated by wheat, corn and rice – are playing havoc with the preservation of wildlife and putting food security at further risk, according to a new report by the World Wildlife Fund (WWF). The lack of variety in agriculture is both bad for nature and a threat to food security. According […]

Oil Declines as Trump Pushes OPEC to Boost Production

Oil extended declines after President Donald Trump renewed his criticism on OPEC, saying the cartel should lift crude production. Futures in New York dropped as much as 2 percent, after falling 0.9 percent on Wednesday. It’s “very important” that OPEC increases the flow of crude as prices are “getting too high,” Trump said on Twitter. […]

Global oil demand could peak by 2030

Oil and metals trading house Trafigura expects global oil demand to peak as early as 2030, hit potentially by a faster-than-expected take-up of electric vechiles as the shift to cleaner energy gains pace, its CEO Jeremy Weir said Tuesday. The Swiss trader sees oil demand starting to “plateau out” with reduced growth rates from 2025, […]

Oil prices hit by worries of sharp economic slowdown

Oil prices slipped on Monday, with concerns of a sharp economic slowdown overshadowing support from tighter supply due to OPEC’s production cuts and US sanctions on Iran and Venezuela. Brent crude oil futures were down $0.36, or 0.54%, at $66.67 per barrel at 1200 GMT, while US West Texas Intermediate (WTI) futures were at $58.75 […]

More shale, who cares? Saudi Arabia pushes for at least $70 oil

Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded. FILE PHOTO: U.S. President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman […]

Politics, Productivity & Population: Why The Chinese Economy Flew and India’s Just Grew

The two countries have roughly the same population, similar average unemployment rates and current GDP growth rates that are among the highest in the world. Yet China’s economy is almost five times larger than India’s. The GDP per capita for China and India in 1985 was approximately $293 per person. According to 2017 data from […]

Oil Hits 2019 High on Biggest U.S. Crude Storage Drop

Oil closed at a new high for the year in New York after the biggest withdrawal of crude in U.S. storage tanks since July signaled further tightening supplies. Futures gained 1.4 percent on Wednesday after a 9.59 million-barrel decline in American oil stockpiles reported by the government exceeded analysts’ expectations. U.S. crude exports were near […]

This man will eat only what he can grow or forage

Orlando, Florida – Standing curb-side, about a block away from a congested intersection, Rob Greenfield is counting grapefruits—over a baker’s dozen he plucked from a nearby tree. He’s more than a hundred days into a year-long experiment in which he will forage or grow 100 percent of his food. On this particular day, Greenfield’s grapefruit […]

IEA Warns Of Looming Oil Market Deficit

Production outages and Iran and Venezuela will tip the global oil market into a shortage during the second quarter, the International Energy Agency said in the new edition of its monthly Oil Market Report. This will happen against the background of steadily rising demand despite a slowdown during the last quarter of 2018, the agency […]

Machinery for a post collapse world

  Discuss this article at the Doomsteading Table Inside the Diner   Welcome to my kick off post. I find it the height of arrogance to blog as I claim no mastery in the subjects that interest me most. I’m a greenie, a builder, a single dad, an alternative energy enthusiast, a gardener, and deeply […]

Why aren’t there battery powered airplanes or flying cars?

Preface.  Batteries are too heavy for airplanes to get off the ground. These two articles explain that in further detail. Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and the Future of Transportation”, 2015, Springer and “Crunch! Whole Grain Artisan Chips and Crackers”. Podcasts: Derrick Jensen, Practical Prepping, KunstlerCast 253, KunstlerCast278, Peak Prosperity […]

Energy and oil majors turn to rural Africa in grab for world’s next billion customers

Once basic energy is established in disconnected regions, the companies that supply it hope to cash in on demand for a slew of new products and services JUMEME Rural Power Supply’s mini grid in Tanzania. (Photo: Energy 4 Impact and Inensus). By Sara Stefanini Armed with solar panels, lanterns and mini grids, European energy giants […]

China Oil Use Seen Peaking in 2025

The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travelers shift toward electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley […]

EIA’s Electric Power Monthly – February 2019 Edition

The EIA released the latest edition of their Electric Power Monthly on February 27th, with data for December 2018. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the full year 2018 (YTD). The winter solstice occurs on December 21st so the […]

Cheap Oil Is Here To Stay

Environmentalists must be bumming.  U.S. oil production isn’t just booming, it’s re-ordering the global economy. Rystad Energy is offering some details with analysts who believe continued production could even wipe away $22 trillion in national debt! As an export, oil could wipe away trade deficits, yearly budget deficits and the overall massive debt. Twenty years ago the […]

Food System Adaptations to the Great Simplification

The Future is Rural challenges the conventional wisdom about the future of food in our modern, globalized world. It is a much-needed reality check that explains why certain trends we take for granted–like the decline of rural areas and the dependence of farming and the food system on fossil fuels–are historical anomalies that will reverse over […]

The World Is Losing Fish to Eat

Fish populations are declining as oceans warm, putting a key source of food and income at risk for millions of people around the world, according to new research published Thursday. The study found that the amount of seafood that humans could sustainably harvest from a wide range of species shrank by 4.1 percent from 1930 […]

Economic Doom Loop Well Underway

From 2007 through 2018, births in the US have declined by 470 thousand on an annual basis, or an 11% decline.  The US fertility rate has likewise cracked lower, from 2.12 births to 1.72, an 18% decline (2.1 births over a females childbearing years is considered zero growth).  This has resulted in 4.5 million fewer net births in the US since 2007 than the Census had […]

By 2060, 98% of the World’s Population Will Live in 600 Cities

As a result of economic, climatic and other factors, the population of the world is growing, and migration is becoming more and more dynamic. Namely, people, and not just technology, are the key element in the development of smart cities. Around this opinion, international experts met at the conference “Knowledge City – Cities of the […]

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