After energy agreement, Iran sees growing trade with Russia

Boasting that it’s a result of a multilateral nuclear deal, OPEC-member Iran said its trade volume with oil-rich Russia could pass the $10 billion mark. Iranian President Hassan Rouhani hosted a dinner Tuesday night in Moscow for Iranian nationals living in Russia. As a result of improved opportunities, annual trade between the two counties is […]

India joins the International Energy Agency

The International Energy Agency (IEA) has adopted India as its latest member. By making the rapidly growing nation an ‘Association Country’, the IEA says it will enjoy a more secure and sustainable energy future with the third largest consumer of power in the world. Fatih Birol, Executive Director of the IEA, said: “We can’t talk about […]

The great cost of averting climate change

Scientists have published a road map of what needs to happen to meet the goal of restricting global average temperatures to less than 2°C above pre-industrial levels. For green investors and technocratic statists, it reads like a dream. For the rest of us, it spells certain economic disaster. Modelling the climate – a massive, complex […]

Heinberg: Traditionalism through the Lens of Cultural Ecology

A battle is raging in Washington for ultimate power, and while it’s being defined by personality (specifically, one “yuge” ego), it also hinges on political philosophies. The common terms liberalism and conservatism have lost their usefulness in navigating these boiling political waters. Traditionalism is a word that has been used to emblemize the recent rightward […]

Pivot to the Arctic: implications for the Gulf Cooperation Council

Circumpolar politics over Arctic resources are taking shape. Countries circling the shrinking Arctic ice mass are seeing potential strategic and economic opportunities. Security factors are also in play. The Gulf Cooperation Council states are concerned about what will happen next in what can be termed a “pivot to the north policy.” Due to climate change, […]

Saudis Thinking Beyond Oil in Asia Courtship

King Salman bin Abdulaziz’s trip to Asia has been characterized as either a routine visit to bolster the already strong trading ties between Saudi Arabia and Asia, an effort to diversify ties away from the U.S. or as a way to attract investments into Saudi Arabia and promote its own. The reality is that it’s a combination […]

Elites Trying to Kill Trump?

An attempt was made on President Reagan’s life only two months into his first term, and so far with all the security breaches – and the celebrities selling the idea it’s “cool” to kill Trump – are we seeing history repeat itself?  

Iran denies harassing US warships in Gulf, warns of clashes

Iran denied on Saturday U.S. accusations that its fast-attack boats were “harassing” warships at the mouth of the Gulf, and said Washington would be responsible for any clashes in the key oil shipping route. U.S. Navy commanders earlier accused Iran of jeopardizing international navigation by “harassing” warships passing through the Strait of Hormuz and said […]

US, in Reversal, Issues Permit for Keystone Oil Pipeline

The Trump administration announced on Friday that it would issue a permit for construction of the Keystone XL pipeline, a long-disputed project that would link oil producers in Canada and North Dakota with refiners and export terminals on the Gulf Coast. The announcement, by the State Department, reversed the position of the Obama administration. It […]

Kunstler: The Swamp Drains Trump

The Washington political scene is looking less like The Apprentice and more and more like the old Marlon Perkins Wild Kingdom show, with giant crocodiles slithering down the muddy banks to encircle Donald Trump paddling fecklessly in his leaky dugout while a chorus of angry birds shrieks in the surrounding treetops. Yes, it really looks […]

Start Dealing

Empires have one historical constant: they fail. President Trump likes deals and campaigned on his deal-making prowess. Negotiation requires parties who respect each other enough to bargain in good faith. It is a lost art in US foreign policy, replaced by imperatives: we tell you what to do and you do it. This makes the […]

Kunstler: Full Speed Ahead for Murphy’s Law

You might not know it, given all the ambient noise of the moment, but beyond the torments of news and propaganda there is still something called the nation. It’s more than just a political compact. Until not long ago it was also a culture, an agreed-upon set of values, practices, and customs that amounted to […]

Lessons from the US for Australia’s energy crisis

As Prime Minister Malcolm Turnbull was convening an emergency meeting with gas producers last week to fix Australia’s looming “energy crisis”, The Wall Street Journal’s front page splashed with the headline that America’s “Natural Gas Glut Deepens”. Australia and the United States are two of the world’s richest endowed natural gas economies, but the difference […]

Venezuela has a bread shortage. The government has decided bakers are the problem.

Facing a bread shortage that is spawning massive lines and souring the national mood, the Venezuelan government is responding this week by detaining bakers and seizing establishments. In a press release, the National Superintendent for the Defense of Socioeconomic Rights said it had charged four people and temporarily seized two bakeries as the socialist administration […]

The Sad Reality Humanity Faces Today

And we thought 2016 was bad… Another week of 2017 has gone by and we continue to witness the world’s population exercise their freedom of speech and expression. Defying the odds of the status quo, the young generation is pushing back against the current world powers that seem to be pursuing 20th century political tactics. […]

OPEC Cracks?

One of my go-to analysts on oil production is former Italian oilman Leonardo Maugeri, who now works at the Belfer Center at Harvard University. In my book, The End of Doom, I cited his 2012 analysis Oil: The Next Revolution published when oil prices hovered around $100 per barrel in which he correctly predicted that […]

How Shale Is Reshaping The World: Three New Wars

We recently met with geopolitical strategist Peter Zeihan to discuss world events since the American election and his new book, “The Absent Superpower: The Shale Revolution and a World without America.” In the book, Peter credits energy and resource innovations with reshaping the global geopolitical environment.   We covered so much ground in our visit […]

There’s ‘No Question’ Deep State at Work in Government

Friday at the White House press briefing, when asked if there is a “deep state” of government employees possibly loyal to the Obama administration’s agenda, press secretary Sean Spicer said, “I think that there’s no question when you have eight years of one party in office, there are people who stay in government — and […]

Fossil vs. Renewable Energy: How to Not Get the Worst of Both

Current US energy policies can be broadly summarized as strong support for renewable wind and solar, but no effective penalties for fossil fuels. The politics that have led to those policies are fairly obvious. We needn’t discuss them here. Less obvious, though, are the consequences. It’s only a slight exaggeration to say that we’ve saddled […]

Opening Arctic for Drilling Is Trump Priority

Senator Lisa Murkowski said President  Donald Trump is interested in opening up new coastal waters for oil and gas drilling and reversing Obama-era policies that restrict energy development in Alaska. Both Trump and Interior Secretary Ryan Zinke are weighing ways to expand opportunities to drill in Arctic waters though the changes could take years to […]

China Official Says Two-Child Policy Showing ‘Notable Results’

China’s two-child policy is showing “notable results” with the fertility rate expected to rise through to 2020, a senior health official said on Saturday. Speaking to reporters on the sidelines of China’s annual meeting of parliament, Wang Peian, vice-minister of the National Health and Family Planning Commission said there were “notable results” in 2016, with […]

Kunstler: The Pause That Refreshes

Let’s take a breather from more consequential money matters at hand midweek to consider the tending moods of our time and place — while a blizzard howls outside the window, and nervous Federal Reserve officials pace the grim halls of the Eccles Building. It is clear by now that we have four corners of American […]

Saudi Crown Prince Flies To Washington To Meet With Donald Trump

Saudi Deputy Crown Prince, Mohammed bin Salman, responsible for the kingdom’s reforms, left on Monday for Washington to meet President Donald Trump on a visit expected to pitch the world’s top oil exporter as an attractive investment destination. It will be the first meeting since Trump took office in January between the U.S. President and […]

The Strategic Triangle That Is Changing The World

While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for […]

When This All Blows Up…

This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious […]

DOE economist talks SPR exports, storage and sales

The presenter who arguably received the best questions at Wednesday’s Crude Oil Quality Association meeting in New Orleans was the US Department of Energy’s economist, Kenneth Vincent. His presentation was part overview, such as the locations of the four salt caverns that hold the more than 700 million barrels of US oil – Texas and […]

The Conflict Within The Deep State Just Broke Into Open Warfare

The battle raging in the Deep State isn’t just a bureaucratic battle – it’s a war for the soul, identity and direction of the nation. When do the unlimited powers of the Intelligence/Security agencies threaten America’s domestic and global national interests? The CIA and its political enablers claim the agency’s essentially unlimited powers, partially revealed […]

The king of Saudi Arabia’s Asia tour

The size of Saudi King Salman’s entourage on his tour of Asia has been stealing the show, but there are big business and political priorities that are driving this month-long journey. Those priorities can be broken down into three categories: Energy, diversification and geopolitics. But the overarching theme is: Asia is a big deal to […]

How Russian oil giant Rosneft could claim U.S. oil

Rosneft, an oil corporation majority-owned by the Russian government, says it has the right to claim an ownership stake in U.S. oil company Citgo Petroleum if Citgo’s cash-strapped parent company defaults on billions in loans, according to a lien Rosneft recently filed in Delaware. If that claim succeeds, Rosneft, which is run by one of […]

Saudi Arabia Warns Oil Market: ‘Will Not Allow Itself To Be Used By Others’

Asia “is still thirsty for oil” and demand for petroleum imports will continue to grow steadily in the developing world Khalid al-Falih said, “Saudi Arabia will not allow itself to be used by others. Khalid Bin Abdulaziz Al-Falih, Saudi Arabia’s energy and industry minister, speaks during the 2017 IHS CERAWeek conference in Houston, Texas, on Tuesday, […]

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