Putin Has Squandered Soviet Energy Legacy

This is part two of a condensed and lightly edited transcript of an interview with Soviet and Russian energy specialist Thane Gustafson. In part one, he described the evolution of the Russian energy industry under President Vladimir Putin until the eve of the war in Ukraine. Part two picks up with him describing the impact of […]

Biden Team Weighs New Oil Release

Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves. The officials are warning of an increase in prices this December when EU sanctions on Russian supplies take effect, unless […]

New UK Prime Minister To Freeze Energy Bill Prices For Two Years

Prime Minister Liz Truss has set out decisive action to support people and businesses with their energy bills and tackle the root causes of the issues in the UK energy market through increased supply – ensuring the country is not left in the same position again. Under new plans, a typical UK household will pay […]

Europe Looks Set for Energy Rationing After Russian Gas Cut

Energy rationing in Europe this winter is starting to look all but inevitable. German officials on Saturday insisted that security of supply was guaranteed, at least for now, after Russia’s Gazprom PJSC made a last-minute decision not to turn the crucial Nord Stream pipeline back on after maintenance. Storage is filling up and new sources […]

EU Commission plans emergency powers

The European Commission is seeking emergency powers to intervene in the production of certain goods in critical situations, Germany’s Frankfurter Allgemeine Zeitung (FAZ) newspaper reported, citing a draft of the proposal. The EU executive has been looking at how to avoid the supply bottlenecks that accompanied the coronavirus pandemic and no longer wants to rely […]

U.S. Strategic Petroleum Reserve Hits Lowest Level Since 1985

The U.S. Strategic Petroleum Reserve (SPR) hit historic lows this week as President Joe Biden continues to order a record release of barrels from the emergency stockpile. The SPR now sits at around 453 million barrels – the lowest level in 37 years. For perspective, the U.S. Energy Information Administration estimates that in 2021, the United States consumed an […]

Kunstler: The Meaning of Incredible

We’re witnessing the destruction of every institution in the land and nobody knows how to stop it….   The CDC seems to think nobody will notice its crimes, and the crimes of its sister agencies, FDA, NIAID, NIH, (and the White House Task Force) if it strolls jauntily into the fall season whistling a happy […]

WEF Advisor: We Don’t Need Majority of World Population

We don’t have to speculate about the fate the globalists envision for those they deem disposable: They’re telling us openly. In a recent interview, World Economic Forum (WEF) advisor and Israeli-born homosexual Yuval Noah Harari made the bold statement that “We just don’t need the vast majority of the population” in light of technologies that […]

Kunstler: Playing Chicken with the Fates

…The Senate is scheduled to be in recess August 6 to September 6 for politicking back home. Maybe after that Senator Grassley will actually produce his whistleblowers in open session…. Who is surprised that the US government’s war on the American people is not going any better than its sponsored war in Ukraine? The only […]

Russia And China Announce “New Global Reserve Currency”

If you’ve blinked over the last month, you may have missed it… China and Russia are taking their shot at the U.S. dollar. And as often happens with consequential news in the United States and the West, no one seems to notice or even care. Since the beginning of the year, I have been writing […]

Is President Biden About to Cripple Big Oil?

With the stroke of a pen, President Biden could single-handedly gut the U.S. oil industry. And some believe that’s what he’s about to do. After Sen. Joe Manchin announced he wouldn’t vote for a bill that addresses climate change, environmentalists, scientists, and policy leaders are calling for the president to declare a climate change national […]

Tehran ‘capable of building nuclear bomb’

Tehran is technically capable of making a nuclear bomb but has yet to decide whether to build it, a senior adviser to Iran’s Supreme Leader Ali Khamenei told Al Jazeera’s Arabic service on Sunday. Tehran will also directly respond against Israel should its security be targeted, the report says citing the advisor. “In a few […]

Biden’s Saudi visit aims to balance rights, oil, security

President Joe Biden met Friday with Saudi Crown Prince Mohammed bin Salman, the man he once pledged to shun for human rights violations, and shared a cordial fist bump as he tried to reset an important diplomatic relationship, bolster Mideast security and increase the global flow of oil. It was the first encounter for the […]

Millions Of Barrels From US Emergency Oil Reserve Sent Abroad, Including To China

With a growing number of people realizing that the Biden administration has drained more oil from the US strategic petroleum reserve, which is meant to be used during real emergencies not fake, made up ones such as Democrats facing a catastrophic failure at the midterm elections… … more people are starting to ask the next […]

Bezos Slams Biden Over Call for Lowering of Gas Prices

Amazon.com Inc. founder Jeff Bezos criticized a tweet from US President Joe Biden calling for oil executives to reduce gasoline prices. Bezos was responding to Biden’s criticism of companies running gas stations and setting prices for consumers. “This is a time of war and global peril,” the president tweeted on Saturday. “Bring down the price […]

Kunstler: A Great Endeavor

This birthday of the republic we are on track to going medieval, or something that at least rhymes with it….   Lil Miss Hot Mess, author and performer   I wish I had a time machine. I would teleport a small delegation of Ben Franklin, Tom Jefferson, and Button Gwinnett from their sweltering labors at […]

Why we must nationalize Big Oil

During the financial crisis in 2008, the federal government protected the economy by bailing out companies it considered “too big to fail.” Normally, the government protects the economy from companies that are too big to exist. Companies that prevent competition by dominating an industry are called monopolies. The Justice Department or Federal Trade Commission use […]

The People vs. Petrocracy

The United States is moving fast on climate change—in the wrong direction. The Energy Information Agency forecasts that by 2023, the nation will set a new annual record for oil extraction: 4.6 billion barrels. Plans to build more than 200 new natural gas power plants are in the works. More than 130 new oil and gas pipelines now under […]

Iran and Venezuela sign 20-year cooperation plan

Iran and Venezuela signed a 20-year cooperation plan in Tehran on Saturday as the two countries, among the world’s top oil producers, grapple with U.S. sanctions that are crippling their exports. The signing ceremony, carried by Iranian state TV, was overseen by Iranian President Ebrahim Raisi and his Venezuelan counterpart Nicolas Maduro and took place […]

The weaponisation of energy and Europe’s way out

The fast-changing environment requires Europe’s energy system not only to adapt but to also find the right mechanisms to ensure its unity in the face of turbulent challenges. In March 2022, European solidarity was translated into tangible policy action when EU leaders officially agreed to jointly buy natural gas, liquified natural gas (LNG), and hydrogen […]

Asking for oil is simply wrong

White House press secretary Karine Jean-Pierre said two senior US officials visited Saudi Arabia this week to “review engagement” on “energy security,” and not to ask for an increase in oil exports. “Asking for oil is simply wrong. That’s the way that we see it and a misunderstanding of both the complexity of that issue […]

Hunger games: World food crisis and G7 hypocrisy

Last week India banned the export of wheat. Almost predictably, rich nations, branded as G7, “expressed disappointment” and condemned the decision. The response was steeped in factual ignorance, contextual illiteracy and political hypocrisy of the kind which has led to the aggravation of the global food crisis. Facts are eloquent messengers. India runs not one but […]

Russia cuts off natural gas supply to Finland

Russia cut off its natural gas supply to Finland’s state-owned energy firm, Gasum, the company announced Saturday. “Natural gas supplies to Finland under Gasum’s supply contract have been cut off,” Gasum said in a statement. The energy firm added that it will instead use other sources for its filling stations. Gasum warned Friday that Russia […]

Kunstler: That Sinking Feeling

You might ask yourself: Why is it “important” that we spend thirty, forty, fifty billion dollars pounding sand down the rat hole that is post-Maidan Ukraine, grift central for the sketchy nexus of US politicians and their sponsors in the warcraft industry? Answer: Aside from one final magnificent payday, they are producing a grand opera […]

G7 announces plans to ban imports of Russian oil

G7 governments have announced plans to ban the import of Russian oil to punish Vladimir Putin for invading Ukraine. The group – which includes the United States – made the announcement Sunday. It appeared as part of a list of new sanctions, and said: ‘First, we commit to phase out our dependency on Russian energy, […]

Russia Is Returning To The Gold Standard And China Is Going To Be Next

No sooner was it that I wrote an article talking about how Russia was going to back the ruble with gold than “one of the Russia’s most powerful security/intelligence officers and a close ally of Putin” has admitted the country’s intentions to do just that. And I’m predicting that no sooner will the gravity of […]

Richard Heinberg: The Failure of Global Elites

In the 1970s, global political and corporate elites had all the information they needed to put the world on a path toward long-term stability. Systems science was sufficiently advanced that a team of its practitioners organized a scenario study to see how trends in industrial production, population, food, pollution, and resource usage might interact over […]

EU ‘prepared’ for Russian gas halt, says EC President

European Commission President Ursula von der Leyen said April 27 the EU was working on a coordinated response to the cut-off of Russian gas deliveries to Bulgaria and Poland, adding that the EU was “prepared” for such a scenario as prices surged on the disruption. Gazprom said earlier April 27 it had fully suspended gas […]

Russia strikes back by cutting off gas to 2 NATO nations

Russia cut off natural gas to NATO members Poland and Bulgaria on Wednesday and threatened to do the same to other countries, dramatically escalating its standoff with the West over the war in Ukraine. European leaders decried the move as “blackmail.” A day after the U.S. and other Western allies vowed to speed more and […]

Mother Earth is in deep trouble

At the doors of MidAmerican Energy‘s downtown Des Moines headquarters Friday, youth activists held up a large check made out to the electric and natural gas company’s CEO, Kelcey Brown. The amount? “Our future,” the check read. “We’re losing. Not just money, but years of our lives. Our future,” said climate justice activist Hannah Hayes, a sophomore at Roosevelt High School. Friday […]

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