How Great the Fall Can Be

While I type these words, an old Supertramp CD is playing in the next room. Those of my readers who belong to the same slice of an American generation I do will likely remember the words Roger Hodgson is singing just now, the opening line from “Fool’s Overture”:   “History recalls how great the fall […]

Trump Gives Green Light To Keystone, Dakota Access Pipelines

President Trump on Tuesday gave the go-ahead for construction of two controversial oil pipelines, the Keystone XL and the Dakota Access. As he signed the paperwork in an Oval Office photo op, Trump said his administration is “going to renegotiate some of the terms” of the Keystone project, which would carry crude oil from the […]

A New Order Of The Ages

By Reva Goujon I’m standing in line waiting to place a coffee order. A group of young customers are ahead of me, necks crooked 45 degrees, eyes glued to their phones, index fingers flying through Twitter feeds filled with post-inauguration memes. “We should call our band ‘This American Carnage,’” one says, looking up from his […]

The Rockefeller scheme to attack Exxon Mobil

By now Exxon Mobil is used to putting up with reckless, ill-informed attacks from environmental extremists. Pretty much every pious, Prius-driving Bernie Sanders voter has gotten Siri to post an irate tweet beating up on the American energy giant. But the latest war on Exxon Mobil is coming from a rather unexpected place: members of […]

Kunstler: He Is Risen… But For How Long?

If the first forty-eight hours are any measure of the alleged Trumptopia-to-come, the leading man in this national melodrama appears to be meshuga. A more charitable view might be that his behavior does not comport with the job description: president. If he keeps it up, I stick to my call that we will see him […]

Exxon’s Rex Tillerson and the Rise of Big Oil in American Politics

“How Big Oil Bought the White House and Tried to Steal the Country” is the subtitle of a book that tells the story of a presidential election in which a candidate allowed money from big oil companies to help him win office and then rewarded them with plum appointments in his cabinet. With President Donald Trump picking […]

Nuclear missile test malfunction

A test firing of an unarmed British nuclear Trident missile from a submarine malfunctioned last June, the Sunday Times reported, prompting questions about why Prime Minister Theresa May did not tell parliament ahead of a vote on renewing the submarines. The paper quoted an unnamed senior naval source as saying the missile may have veered […]

President Trump Just Told The CIA The U.S. Should Have Stolen Iraq’s Oil

President Donald Trump told the CIA on Saturday that the so-called Islamic State probably would never have existed if the United States had seized Iraq’s oilfields, a claim that flies in the face of the analysis of most foreign policy experts and international law. In unprepared remarks introducing his pick to lead the intelligence agency, […]

Trump’s Advisers Draft First-Day Energy Policy Changes

Aides to Donald Trump have drafted a list of environmental policy and energy-related changes that he could sign within hours after he is sworn in as U.S. President on Friday, Bloomberg reports, quoting two people familiar with the transition team’s plans. The list of immediate energy policy changes reportedly includes measures to rescind Obama’s orders […]

Socialism, Not Oil, Is The Cause Of Venezuela’s Problems

Venezuela’s economy has collapsed. Unfortunately, most people mistakenly believe Venezuela’s policies created a successful economy prior to the collapse in oil prices. The truth is that Venezuela’s socialist policies held back its economy during the oil boom and are the direct cause of its economic collapse today. Upon Hugo Chavez death in 2013, and before […]

Will The CIA Assassinate Trump? Ron Paul Warns Of “More Powerful, Shadow Government”

It isn’t just that Donald Trump routinely thumbs his nose at the establishment, insults media figures he sees as unfair and bucks conventional wisdom. It is that President-elect Trump is defying the will of the deep state, military industrial complex base of ultimate power in the United States. That is why he is treading dangerous […]

The Church of England Conditionally Backs Fracking

The Church of England has conditionally backed fracking in the UK but warned that any development of shale gas reserves in the country must not distract or delay efforts to expand low-carbon renewable energy. In a recently released briefing paper, the Church accepts that a robust planning and regulatory fracking regime is possible, but states […]

Here’s Looking At You, 2050

The 21st century is still just a teenager, but we can already forecast with a fair degree of confidence what its demographic profile will look like by 2050. Population growth will have slowed down. Global aging will have risen to unprecedented levels. Birthrates will drop. The working-age share of the world’s population will shrink. Poverty […]

Kunstler: The Cheeto Cometh

I dunno about you, but I rather enjoy watching the praetorian Deep State go batshit crazy as the day of Trump’s apotheosis approacheth. I imagine a lot of men and women running down the halls of Langley and the Pentagon and a hundred other secret operational redoubts with their hair on fire, wondering how on […]

The ‘Circular Economy’ Is More Than Davos-Speak

The “circular economy” may have started off as a pie-in-the-sky concept, but in the last few years, it’s come into its own. With the world population expected to balloon to nearly 10 billion in 2050, business leaders are increasingly embracing the idea that their products and processes need to be more resource-efficient. Traditionally the economy […]

Heinberg: The Peak Oil President?

The frequency of Internet searches for the term “peak oil” has waned dramatically in recent years; now even the number of articles announcing the “death” of peak oil has dwindled, so universal is the assumption that the concept is completely debunked. Why bother beating a dead horse? With supreme irony, it could be within the […]

Iraq Could Kill The OPEC Deal

OPEC made an early New Year’s resolution when it promised the world that it will get thin – or more accurately that it will thin its output in an effort to help support prices. As anyone who has ever had a New Year’s resolution knows, those promises can be hard to keep. OPEC is about […]

US To Sell 8 Million Barrels Of Oil From The Strategic Petroleum Reserve

Two weeks ago we previewed that the U.S. Department of Energy could begin to sell off some of its strategic petroleum reserve (SPR) as soon as January, the beginning of a multi-year process to shrink the nation’s stockpile of oil. Congress has authorized DOE to sell off $375.4 million worth of oil in its recent […]

Climate Deniers and Oil Flacks Who Love Trump’s EPA Pick

Scott Pruitt, Oklahoma’s attorney general and Donald Trump’s pick to lead the Environmental Protection Agency, has been a longtime opponent of federal environmental regulations and a denier of climate change. Not surprisingly, as Pruitt’s confirmation hearing approaches, many of his most prominent supporters are on the fringe of leading scientific consensus on climate change, and […]

Kunstler: America Versus the Deep State

The bamboozlement of the public is nearly complete. The Deep State has persuaded 80 percent of Americans that all news is propaganda, especially the news emanating from the Deep State’s own intel department. They’re still shooting for 100 percent. The fakest of all “fake news” stories turns out to be… “Russia Hacks Election.” It was […]

US to Deploy Hundreds of Marines to Afghanistan

The US will send 300 Marines to train Afghan forces in the embattled Helmand province, adding to nearly 10,000 US troops still in the country. The Taliban claimed most of the opium-making region after NATO withdrawal. The troops are set to be deployed in spring of 2017 as a part of NATO’s advise-assist mission, the […]

U.S Corporations Prepare to Gorge on Tax Cuts

The official line from U.S.-based multinational corporations is that if they get a huge tax break, they’ll bring home the trillions of dollars in profits they’ve stashed overseas and use it to hire tons of Americans. (Nearly 3 million, says the U.S. Chamber of Commerce!) But now that Donald Trump’s election means it might really happen, […]

China Extends Tax Waivers For Oil, Gas Drilling

China is extending tax waivers for importing key drilling and production equipment for both onshore and offshore oil and gas development, the Ministry of Finance said on Friday. The ministry said Chinese manufacturers are unable to make the equipment, such as semisubmersible drilling platforms used for waters deeper than 1,000 feet and robots in waters […]

Looting, Riots In Mexico Spiral Out Of Control Over 20% Gas Hike; Hundreds Arrested

Four days after the first sporadic protests emerged in Mexico City, following the infamous “gasolinazo”, or mandatory 15%-20% increase in Mexican gas prices which went into effect on January 1, the mood across the country has significantly deteriorated, with hundreds of demonstrators blocking highways, snarling traffic, raiding gas stations, jeopardizing critical supplies, and looting stores […]

Rex Tillerson

Rex W. Tillerson, in line to become the next secretary of state, has agreed to sever all ties with ExxonMobil Corp. to comply with conflict-of-interest requirements. Senate hearings are scheduled to begin Jan. 11. With his retirement effective Dec. 31, the board awarded Tillerson a retirement package worth an estimated $180 million to severe financial ties; […]

Oil business seen in strong position with Trump

Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump‘s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as secretary of state, former […]

2017 — A Thunderous Clash of Politics, Economies and Policies

Yet another new year has dawned.   But 2017 will be a year like no other. There will be a thunderous clash of policies, economies and politics worldwide.   We will therefore be on a roller-coaster ride, and we should prepare for it and not only be spectators on the side-lines in danger of being swept away […]

Learning to love a multipolar world

American foreign policy is at a crossroads. The United States has been an expanding power since its start in 1789. It battled its way across North America in the nineteenth century and gained global dominance in the second half of the twentieth. But now, facing China’s rise, India’s dynamism, Africa’s soaring populations and economic stirrings, […]

Kunstler: Forecast 2017 The Wheels Finally Come Off

“There is no other endeavor in which men and women of enormous intellectual power have shown total disregard for higher-order reasoning than monetary policy.                                                               […]

Why Oil Is the Glue That Bonds Trump and Putin

Oil has fueled a bully bromance between Donald Trump and Vladimir Putin. Although this revolutionary union possesses a terrifying petro logic, it promises to be as volatile and tragic as any shotgun marriage. The relationship is, as Trump might well tweet, “unpresidented.” How, after all, can a president-elect openly admire a foreign leader whose shadowy […]

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