Another Oil Producer Under Pressure to Devalue Its Currency

Libya’s UN-backed government is under mounting pressure to devalue its currency, joining other energy producers from Nigeria to Kazakhstan that have buckled in the face of tumbling revenue and domestic turmoil. The dinar has been steadily weakening on the black market over the past year as the nation’s political rifts thwarted a recovery in oil […]

Is Donald Trump Considering Donald Hoffman as Secretary of Energy?

After every Presidential election, the game of “guess the cabinet” becomes one of the hottest activities in Washington, DC. One of the more entertaining aspects of the game is that almost anyone can play. Some participants read press articles voraciously and seek to impress their friends or readers by repeating names that they have heard. […]

China Puts Oil Over Politics in Deal to Boost Venezuela Output

China’s move to invest $2.2 billion in Venezuela for a share of increased crude production shows a desire to extract itself from the country’s political fights while securing access to its vast oil reserves. The deal, which represents China’s first economic support this year for the beleaguered South American country, would help Venezuela reverse declining oil […]

Mexico To Reap $2.9 Billion In Profits From Oil Price Hedges In 2016

The Mexican government can expect a $2.9 billion profit from the oil price hedges it set up in 2016 – marking the second consecutive year the North American country has significantly profited off of the strategy, according to the International Monetary Fund (IMF). Last year, the country earned a record $6.4 billion from contracts brokered […]

Trump eyes oil, natural gas regulations for repeal

President-elect Donald Trump announced in a video posted to YouTube November 21 that he planned to roll back some Obama administration regulations on the energy sector on his first day in office. “On energy, I will cancel job-killing restrictions on the production of American energy — including shale energy and clean coal — creating many […]

#NODAPL: Battle at the End of the World

Watching the footage of the police attack against water protectors from last Sunday, conjured images of the apocalypse. Yet, despite this brutal assault, the people at Standing Rock keep on fighting. This video is dedicated to Sophia Wilansky, who was critically injured during the attack. Read more about this incident here. Video provided by Wes. […]

Elites Secretly Plan “Global New Deal”

In the 1930s, elites said the New Deal would haul the country out of the Great Depression (it didn’t). Now some elites say a “Global New Deal” is needed to shake the fading world economy out of the Great Recession… The U.N.’s Conference on Trade and Development just released its annual report. Bearing the sugary […]

Kunstler: Boo Hoo

America didn’t get what it expected, but perhaps it got what it deserved, good and hard. Daddy’s in the house and he busted straight into the nursery and now the little ones are squalling in horror. Mommy was discovered to be a grifting old jade who ran the household into a slum and she’s been […]

Iran Pivots Toward Oil Deal; Expect Iraq To Go Rogue

  A member of forces from Iraq’s elite Rapid Response Division monitors the area at the site of a suspected mass grave on November 19, 2016 on the outskirts of the village of Tall Adh-Dhahab, located some 10 kilometres (6 miles) south of Mosul. Iraqi forces have found another suspected mass grave containing the remains […]

OPEC Math Misses the Point

Saudi Arabia’s energy minister Khalid Al-Falih said Thursday he’s “optimistic” that the agreement OPEC reached in September to limit supply will be implemented, with individual output ceilings for member countries. But don’t mistake him for a pushover. The economics of a cut are compelling, but there’s more to it than just doing the math — and this […]

The Peak & Decline Of International Reserves Warns Of Massive Asset Deflation Ahead

The world is sitting at the edge of a massive deflationary cliff.  Even though Central Banks are desperately trying to keep the world’s financial assets from plunging down into the great depression below, signs suggest they are losing the battle. One critical sign is the peak and decline of International Reserves.  Hugo Salinas Price has […]

Is The Trump Presidency A Boon For Nuclear Power?

By now, the shock from Donald Trump’s victory in the U.S. presidential election should be starting to subside, but this is hardly the case with worries over America’s course to a greener, more renewable-energy future. In fact, these worries have spiked in recent days, as the President-elect reaffirmed his commitment to the fossil fuel industry […]

US infrastructure may soon have its Nixon-to-China triumph

For many it’s just another day in the Untied States of  America, but for the American steel industry things are looking great. Steelmakers’ share prices surged in the wake of Republican Donald Trump’s election as US President last week, presumably on his commitment to put America first by fighting unfair trade deals and imports. He […]

Indian Economy Grinds To A Halt After Cash-Ban: “Faith In System Shaken”

Amid scenes of panic across India, following PM Modi’s shock decision to withdraw high-value bills in the middle of the sowing and wedding season, Reuters reports the move, aimed at cracking down on the shadow economy, has brought India’s cash economy to a virtual standstill. With over 90% of all transactions done in cash, money […]

No Saudi Oil Says Trump, Saudi Arabia Fires Back

  Saudi Minister of Energy, Industrial and Mineral Resources Khalid al-Falih arrives for the opening ceremony of the Qatari and Saudi Economic Forum on November 6, 2016 in Riyadh. (Photo  FAYEZ NURELDINE/AFP/Getty Images) Imagine making the world’s largest oil exporter sweat it out, even before you take office. That’s exactly what Donald Trump is doing. […]

Gauging the Trump effect on global commodities

There is perhaps no better reminder that the US presidency is a position of extraordinary power. Since the victory of US President-elect Donald Trump last week, businesses and governments have been working overtime to try to discern exactly what his presidency might mean for a range of important policy areas. Across the world, every campaign […]

Peak globalisation?

“Peak oil” was always a myth.  The notion that the world might eventually run out of it ignored how markets work.  When demand of a commodity exceeds supply prices tend to rise, leading people to use less of it and to develop substitutes.  Barely had the printer’s ink dried on “peak oil” stories when hydraulic […]

Kunstler: What Now?

Not to put too fine a point on it, America coughed up Hillary Clinton like a hairball last week — the catch being it then had to swallow the Cheeto-colored bolus called Donald Trump. It was worth it to see the fog of Hillary-smuggery lift across the cable TV networks since the “I’m With Her […]

Will Trump Send The Price Of Oil Soaring?

In its latest, monthly oil production update, OPEC reported that its crude oil output increased by another 240,000 barrels a day in October to 33.64 million barrels a day, a new record high, with Nigeria, Libya and Iraq driving the supply boost and with total production about 1 million barrels higher than the plateau agreed […]

Trump: the Defeat of the Empire of Lies

In 2003, the Western Media were able to convince almost everyone that the evil dictator Saddam Hussein was stockpiling weapons of mass destruction in Iraq. The success of this propaganda operation was so spectacular that it led one of the aides of George W. Bush to declare that “now we create our own reality.” It […]

Trump a symptom of declining net energy

Energy futurist Chris Nelder explores the common ground between the Occupy movement and the Tea Party: declining energy leading to declining economic surplus. Beneath the complex narratives of the Occupy and Tea Party movements, and beneath the unfolding collapse of our complex global financial system, is a simpler narrative about energy. Yet this narrative continues […]

Taliban Raid German Consulate in Afghanistan

Militants ram car packed with explosives into wall of consulate in Mazar-i-Sharif in retaliation for Nato airstrikes near Kunduz Germany heads the Nato-led ‘Resolute Support’ mission in northern Afghanistan. Photograph: Michael Kappeler/AFP/Getty Images A Taliban suicide bomber rammed a car packed with explosives into a wall around the German consulate in the northern Afghan city […]

Trump’s Plan For Clean Coal Could Put The Brakes On Natural Gas

President-elect Donald Trump’s energy plan includes a promise to develop clean coal. Clean coal is a technology that has struggled for years and is unlikely to be competitive with cheap natural gas. NPR

#DisruptJ20: No Peaceful Transition

NO PEACEFUL TRANSITION #DisruptJ20: Call for a bold mobilization against the inauguration of Donald Trump on January 20, 2017 On Friday, January 20, 2017, Donald Trump will be inaugurated as President of the United States. We call on all people of good conscience to join in disrupting the ceremonies. If Trump is to be inaugurated at all, […]

Oil, Coal Seen as Winners With Donald Trump Victory

Donald Trump’s energy ideas are ‘basically the antithesis of the current administration’s,’ according to JBC… Donald Trump ’s surprise victory fanned expectations in the energy industry that he would clear the path for new pipelines, end U.S. participation in global climate change pacts and undo environmental regulations to boost American coal mining. The prospect that […]

Trump, Berlusconi, and the Blob

This post was published nearly one year ago on Cassandra’s Legacy, on Dec 11, 2015. It didn’t prophesize the election of Donald Trump, but it outlined the main elements that made his election possible. (UB)   For about twenty years, Mr. Silvio Berlusconi has been the blob of Italian politics, absorbing everything thrown at him […]

Energy Market Assesses Trump Win

Abhishek Deshpande, chief energy analyst at Natixis, discusses rebalancing in the oil market, what a Donald Trump presidency would mean for energy markets and the potential outcome of the OPEC meeting at the end of the month. He speaks to Manus Cranny on “Bloomberg Markets: Middle East.”

Trump!

Donald John Trump was elected the 45th president of the United States on Tuesday in a stunning culmination of an explosive, populist and polarizing campaign that took relentless aim at the institutions and long-held ideals of American democracy. The surprise outcome, defying late polls that showed Hillary Clinton with a modest but persistent edge, threatened […]

Boone Pickens On Natural Gas: It’s The Way To Defeat OPEC

One way or the other, the world will eventually be forced on to cleaner fuels for its vehicles, so says Bruce Pile, who runs the Marketocracy fund, and so hopes T. Boone Pickens, one of the world’s extraordinary investors who is banking on America’s trucking fleet shifting to natural gas sooner rather than later. Is […]

Kunstler: The Fat Lady Has a Sore Throat

A mighty nausea wells up across the land as the awful day cometh. Who will receive the black spot of fate on Tuesday? I wouldn’t want to be him or her on that dreadful day. The flagship of Modernity has lost its vaunted mojo and nobody knows what to do about it as the USS-USA […]

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