Limits to Growth: Policies to Steer the Economy away from Disaster

Ed.note: This article was based on a longer paper which can be found here. If the rich nations in the world keep growing their economies by 2% each year and by 2050 the poorest nations catch up, the global economy of more than 9 billion people will be around 15 times larger than it is […]

Saudi Arabia is a Cancer on the World

Saudi Arabia is a cancer on the world. Saudi Arabia is the worst country in the world, bar none. If it disappeared off the map tomorrow, the planet would hold the biggest party you’ve ever seen. So why does Obama bow to Saudi royals like he’s their house bitch every time he visits?

Saudi Arabia forced to BORROW $10 billion as tumbling oil prices continue to hit the kingdom’s finances

Saudi Arabia is being forced to borrow $10 billion as the world’s top oil exporter seeks to fill a record budget deficit caused by low crude prices. The kingdom had initally been seeking to raise between $6billion and $8billion through a loan lasting for five years for its first foreign borrowing in more than a […]

Iraq Says OPEC, Others to Meet on Output Freeze Possibly in May

Iraq sees oil prices rising slowly despite Doha talks failure Country wants producers to agree to short-term output freeze Major OPEC and other crude producers will meet in Russia, possibly next month, in a new push to agree on an output freeze to shore up oil prices, Iraq’s Deputy Oil Minister Fayyad Al-Nima said. Iraq […]

American gas for Europe?

With the spotlight remaining firmly focussed on the UK steel industry and the UK jobs at risk, there has been much talk around the collapse in demand for steel worldwide and in turn global steel prices and the role of cheap Chinese imports. The result has been a global culling of production capacity and the […]

MIT Prof Says Carbon Tax Only Way to Stop Fossil Fuels

There may be no more efficient method of communication than price. The market always knows best. Prices instantly convey the collective wisdom of producers and consumers involved at every stage of production, signaling to each whether they should produce, or consume, more or less. For years, opponents of fossil fuels have warned of “peak oil,” […]

Energy And The 2016 Presidential Candidates

With the New York presidential primaries just a day away, it is enlightening to hear what each candidate thinks about the controversial issues surrounding energy and power. Energy is far more important to our future, our economy and our national interest than immigrant walls or bathroom gender tests. Of the five presidential candidates, two believe […]

Stashing the Booty

This week we take you inside the sketchy world of booty hiding, otherwise known as offshore tax havens. If you love what we do, consider supporting us! In the music break UK rap crew dan le sac Vs Scroobius Pip with “Great Britain” Then we continue of our coverage of a revolution that’s taking France […]

The Real Test Of The Petro Dollar System

Currently the US Dollar, traded on the stock market as (UUP), and (USDU); is the world’s reserve currency. Although there is talk of the fall of the US Dollar as the world reserve currency, it’s all talk and there’s no signs that this will happen any time soon. Hungary recently issued sovereign bonds in Yuan – but […]

Kunstler: The Elephant Cometh

The elephant’s not even in the room, which is why the 2016 election campaign is such a soap opera. The elephant outside the room is named Discontinuity. That’s perhaps an intimidating word, but it is exactly what the USA is in for. It means that a lot of familiar things come to an end, stop, don’t […]

No Deal: Doha Talks End Without Agreement

The most anticlimiatic culmination to the most farcical “agreement” of 2016, one which could have been seen a mile away by any carbon-based trader not housed in a collocated, supercooled facility in Secaucus, has taken place and here is the “shocking” result: OPEC, NON-OPEC MINISTERS FINISH OIL TALKS IN DOHA, NO AGREEMENT – RTRS OIL […]

Are You Ready for $5 Gas?

In a version of “hit ’em while they’re down,’ the Obama administration has unleashed a slew of new regulations targeting U.S. oil and gas production.  These include costly methane emission rules on all new and existing wells, reversals of promised offshore acreage leasing, a de facto freeze of leasing on federal lands, and burdensome EPA […]

Saudis Stick to Oil Freeze Ultimatum as Iran Stays Home

Saudi Arabia won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha, the kingdom’s deputy crown prince said. Iran said it had decided to stay at home. The world’s biggest crude exporter would cap its market share at about 10.3 million to 10.4 million […]

Peak Oil: Are We Not Better Than This? Pt 3

Peak Oil: Are We Not Better Than This? Pt 3 Apr 15 Is Your Community Prepared?, Peak Oil, Peak Oil: Worth Pondering GHB091215A We will have to transition to a post-fossil-fuel economy eventually, either out of wisdom or chaos [1] Discussions about the future of fossil fuel production and supply have to become more than […]

Six Urgent Matters for Humanity in Global Crisis

In these mean streets of globalized capitalism in crisis, it has become profitable to turn poverty and inequality into a tourist attraction. The South African Emoya Luxury Hotel and Spa company has made a glamorized spectacle of it. The resort recently advertised an opportunity for tourists to stay “in our unique Shanty Town … and […]

Bill Clinton Predicts Global “Crisis”

Former President Bill Clinton is worried that a “crisis” of global proportions is around the corner, but that presumptive president Hillary Clinton will “know what to do” when it happens. During a speech yesterday, Clinton asserted that Hillary was better qualified to be president than him when he first ran “because of the trouble around […]

Iran FM confirms receipt of S-300 long-range, surface-to-air missiles from Russia

Iran has received a batch of S-300 long-range, surface-to-air missile systems from Russia, the Iranian Foreign Ministry has said. In a recorded statement broadcast on state television on Monday, Jaber Ansari, spokesman for the Iranian Foreign Ministry, told a news conference that the “first phase of this [delayed] contract has been implemented”. “The first batch of Russia’s […]

How The Oil Crisis Has Impacted Military Spending

A report by the Stockholm International Peace Research Institute has revealed that most of the world’s nations hiked their military budgets last year, marking the first increase in spending since the 2008 crisis. It seems that the only ones not taking part in this military spending hike are some of the world’s biggest oil producers. […]

Of Citizens and Covenants

Our society is characterized by great freedom: by ever-growing personal autonomy, a loosening of social and civic bonds, and a diminishing of cultural and religious value systems. But have these things made us more free, more enlightened? Perhaps not. As David Brooks writes in a Wednesday column, The liberation of the individual was supposed to […]

Sanders Wants Nationwide Fracking Ban

Saying it’s a danger to the air and water supply, Vermont Sen. Bernie Sanders upped his rhetoric on hydraulic fracturing Monday by calling for a nationwide ban on fracking. In a statement to the press, Sanders – running against former Secretary of State Hillary Clinton for the Democrat’s nomination for the 2016 U.S. presidential election […]

Kunstler: The Mystery Revealed

The mystery is at last revealed: why does the field of candidates for president score so uniformly low in trust, credibility, likability? Why are there no candidates of real substance, principle, and especially of real charm in this scrim of political basilisks? (Surely there are many people of substance and principle elsewhere in America — […]

Goodbye Rupee? Iran Tells India to Pay for Oil in Euro

Iran has stopped selling oil to India for rupees and now demands payment in euros only, Shana news agency citied Iran’s Oil Minister Bijan Zangeneh as saying on Saturday. “From now on, Iran will trade oil only in euros,” Bijan Zanganeh told reports on the sidelines of Iran-India business conference at Tehran Chamber of Commerce. Earlier, Tehran and New Delhi […]

Japan: The Canary in the Coal Mine

One of the epicenters of the global financial crisis that started during the second half of last year is Japan, and it looks like the markets in the land of the rising sun are entering yet another period of great turmoil.  The Nikkei was down another 390 points last night, and it is now down […]

JPMorgan CEO Warns of Economic ‘Tragedy

In about a decade, the U.S. will have no choice but to take action to address a “tragedy that we can see coming,” according to JPMorgan CEO Jamie Dimon. AP In his annual letter to the company, Dimon laid out his “key concerns” about the future of the U.S. economy and the “serious issues” that […]

Saudi Arabia Seeks To Use Soverign Wealth To Become Black Swan Sanctuary

Saudi Arabia is working to create the world’s largest sovereign wealth fund so it might redirect the nation away from dependence on oil! What do the Saudi’s know? Will they have time before the bottom falls completely out of the oil market? We’ve reported here on the emergence of cold fusion as the ultimate Black […]

The End of Ordinary Politics

Archdruids may take vacations but politics never sleeps, and during the month that’s elapsed since the last post here on The Archdruid Report, quite a number of things relevant to this blog’s project have gone spinning past the startled eyes of those who pay attention to the US political scene. I’ll get to some of […]

Saudi Arabia’s Last Weapon In The Oil War

Saudi Arabia may soon have to use its last weapon in an all out war against American Frackers, and the Iranian and Russian oil producers: Break the riyal peg to the US dollar. For almost three years, the Kingdom has been using a conventional weapon for fighting the oil war: raising oil output. The logic of […]

Saudi Arabia to hold on dollar peg

As oil prices remain below $40 per barrel after plunging almost 70 per cent, and the dollar continues to strengthen, Riyal’s peg to the greenback might appear vulnerable to global investors. Dubai: With liquid foreign assets estimated at $700 billion, Saudi Arabia, the world’s largest oil exporter, can continue with its currency’s peg to the […]

Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era

Pot would be big enough to buy world’s four largest companies First step will be sale of Aramco stake by 2018, prince says Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Deputy Crown […]

ISIS Turns Saudis Against the Kingdom, and Families Against Their Own

The men were not hardened militants. One was a pharmacist, another a heating and cooling technician. One was a high school student. They were six cousins, all living in Saudi Arabia, all with the same secret. They had vowed allegiance to the Islamic State — and they planned to kill another cousin, a sergeant in […]

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