Iran to sell oil in ‘grey market’ as US tightens sanctions

59 Comments on "Iran to sell oil in ‘grey market’ as US tightens sanctions"

Chrome Mags on Tue, 7th May 2019 7:31 am 



The article states the US withdrew from the nuclear deal with Iran. No, that’s not some soft peddling withdrew crap and not the US it was that fat jackass on his own, breaching a contract.

Sissyfuss on Tue, 7th May 2019 9:27 am 



Trump, wheeling and dealing on a global scale, shows truly his incompetence and small mind. We will be paying for his bully pulpit bulls%#t up until the coming collapse. Then the blame game will be replaced by a day in the life of Ivan Denesovitch. Collapse is guaranteed, survival is not.

AOC-muzzieslover-no-tweek-sriL-AKA-fmr-paultard on Tue, 7th May 2019 9:45 am 



supertard sis is infalliable.

Robert Inget on Tue, 7th May 2019 10:29 am 



One more notch in guns going after USD as THE
trade currency.

I reposted earlier how the EU may go around the dollar. (buying Iranian crude) The question remains, how will ‘Gray Market’ transactions settle? (with what currency)

My guess. Trump and his congregation of fools
may decide to stop and arrest Iranian tankers.
Iran of course will seek to defend those tankers.

What Then? (the question never asked by Trump)

Duncan Idaho on Tue, 7th May 2019 10:42 am 



“Democracy must be something more than two wolves and a sheep voting on what to have for dinner.”
~ James Bovard

Seems like the Trump pres for sure

Robert Inget on Tue, 7th May 2019 10:43 am 



Inventory repore Wednesday @ 10:30 Pacific

5/7/2019 10:59:44 AM by

kxviswan

I am hearing crude imports dropped a lot
From a reliable source I am hearing that crude imports dropped more than 1 MM barrels/day. I am leaning towards a small crude draw at this point. I posted already that I saw three VLCCs left with US crude. (30)

This sort of intel would normally be bullish.
No so. Wednesday brings us that much closer to
Friday.

1) We have a lawless White House.
2) EVERY major economy is already weakened
by Trumpism. Oh. I meant to say Nationalism.
3) See #1 and #2

Duncan Idaho on Tue, 7th May 2019 12:18 pm 



“Eric Bolling (who was fired from Fox News for allegedly sending unsolicited dick pics to coworkers) is speaking at the White House right now — the definition of failing up.”
It gets more bizarre by the moment.

AOC-muzzieslover-no-tweek-sriLanka-AKA-fmr-paultard on Tue, 7th May 2019 12:36 pm 



bob you used ot be a favorite darling of supetrard now you’r enot. you’re so libtard way to the left of libtard supertard (sky daddy). what are you? trying ot impress AOC or muzzie ilhan?

Robert Inget on Tue, 7th May 2019 12:46 pm 



It’s not bizarre at all Duncan.
This entire affair is in truth, a Reality Show.

All the characters are real, but scripted.

Mr Bolling will doubtless put forward for a cabinet position. UN Ambassador?

The best part, he will be confirmed.

Next year, stream the entire show on Hulu.

Trump wants an extra two years because his ratings were falling.
Thankfully, Trumps popularity among Republicans is at all time highs.

Americans love ‘Strongmen’ (and) salt, fat, sugar

Robert Inget on Tue, 7th May 2019 12:48 pm 



I’m an old experienced pragmatist.

Duncan Idaho on Tue, 7th May 2019 1:39 pm 



Robert-
You are correct–
Late stage capitalism is like that.

AOC-muzzieslover-no-tweek-sriLanka-AKA-fmr-paultard on Tue, 7th May 2019 1:40 pm 



bob we all tard so it’s ok for u to libtard all u want. it’s america and it’s free.
did you hear president trump pardoned Army 1st Lt. Michael Behenna ? some said he tried to cure his bone spur but i think it’s a very good move. i hope he pardons chief gallagher too. muzzie poisoned kim’s brother, muzzie went free and we can’t pardon our soldiers? do muzzies sign any war convention? nope

Robert Inget on Tue, 7th May 2019 2:01 pm 



Hi Gang,
Venezuela hasn’t returned to exportable crude oil.
That means any embargoes or sanctions are moot.Putin explained that to Trump the other week. So now all guns, I mean eyes are on Iran.

https://oilprice.com/Geopolitics/Middle-East/Trumps-Dangerous-Oil-Price-Game.html

Moscow is fine with taking out Iran. Oil prices double overnight and Putin makes Billions.

Robert Inget on Tue, 7th May 2019 2:15 pm 



Trump really believes the Stock Market is some sort of indication of how he is handling the economy.

Duncan Idaho on Tue, 7th May 2019 2:46 pm 



Vix
20.47
+5.03(+32.58%)

A little volatility

print baby print on Tue, 7th May 2019 3:08 pm 



It is getting more and more interesting

fair-fmr-paultard-the-third on Tue, 7th May 2019 3:17 pm 



bob you seem highly succeptible to spring mating season aggression so calm down boy. i’m not saying to humiliate you or whatever. i’m just looking out for you. we’re tards we help one another bro.

Robert Inget on Tue, 7th May 2019 5:15 pm 



“The death of a single child, tragic. Deaths of millions? Just numbers”.

Joseph Stalin said that. But every authoritarian
believes as much.

Make a big hulla balloo over abortion (right to life)
(see Georgia’s new abortion LAW)

But rush into wars w/o bothering with diplomacy,
that’s ‘normal’. In America’s case, ‘asking Congress’.
“We’ll find reasons, (for war) when we have time”.

Best WH line of the week; “the Boss wants to pull the US out of the Constitution”

(he never bothered to read it) TRUE

Wutz Up Doc on Tue, 7th May 2019 6:18 pm 



Ron Paul posted recently on the illegality of US neocons going to war with Venezuela w/o Congressional approval:

https://www.zerohedge.com/news/2019-01-29/ron-paul-we-must-leave-venezuela-alone

The US must really need that oil..

juanpee sock on Tue, 7th May 2019 6:24 pm 



Wutz Up Doc on Tue, 7th May 2019 6:18 pm

Davy is retarded on Tue, 7th May 2019 6:42 pm 



Davysock on Tue, 7th May 2019 6:24 pm

Davy on Wed, 8th May 2019 5:19 am 



“Here’s Why The China Trade Deal Fell Apart”
https://tinyurl.com/y45ntln8 zero hedge

“One administration insider said the changes “undermines the core architecture of the deal”, particularly since Robert Lighthizer has prioritized an enforcement regime that’s closer to something typically used for punitive economic sanctions than a trade deal. Lighthizer and Treasury Secretary Steven Mnuchin said earlier this week that Trump’s tariff threats were prompted by Beijing reneging on its promises. But they refused to disclose any details. It now appears that Beijing has gone back on practically all of the concessions it had made during the negotiations, including deals on currency stabilization, enforcement and market access for cloud-computing firms, to name a few. But despite the steady stream of optimistic trade rhetoric, the only real surprise here – as one administration insider put it – is that it took this long for the White House to blow up the deal.”

“Though Vice Premier Liu He will visit Washington later this week, the notion that a deal can be salvaged, at least in the short term, looks almost impossibly remote. And it’s not hard to see why. Even as the standoff in the Pacific between the US and China has grown increasingly tense – thanks in part to Washington’s belligerently pro-Taiwan (and its refusal to allow Beijing to have its cake and eat it, too when it comes to contested islands in the South China Sea) – Beijing has put on a happy face and parroted Washington’s line that American military meddling in the region is a separate issue. But as Washington prepares to sell billions of dollars in arms to Taiwan (only months after President Xi vowed to bring the errant province back under Beijing’s control), it appears the Chinese might finally be losing their patience. On Tuesday, Foreign Ministry spokesman Geng Shuang told reporters that Beijing had lodged “stern representations” with the US over a House bill expressing support for Taiwan. Beijing complained that this “severely violates” the longstanding “One China” policy and represents “gross interference” in China’s affairs. While the Communist Party might have been willing to countenance repeated American intrusions into the South China Sea, Xi earlier this year threatened to smite anybody who dares interfere with Beijing’s plans for Taiwan. Walking away from the trade-deal table might only be the beginning.”

Davy on Wed, 8th May 2019 5:35 am 



“A Synchronized Global Downturn Intensifies As JPM Global Manufacturing PMI Plunges”
https://tinyurl.com/yy7gygqe zero hedge

“The decrease in export business was widespread for the eighth consecutive month. Softness was observed in Greater China, the Eurozone, Brazil, the UK, South Korea, Turkey, the Philippines, Canada, Mexico, Australia, Poland, and the Czech Republic. “The global manufacturing sector remained subdued at the start of the second quarter, with the PMI barely above the 50.0 mark and rates of expansion in output and new orders still lackluster and well below long-run trend levels. In particular, the capital goods sector PMI underscores that business capex remains stalled. International trade flows remain a significant drag on the manufacturing sector. New export business has now decreased for eighth successive months,” David Hensley, Director of Global Economic Coordination at J.P.Morgan said. The International Monetary Fund warned last month: this is a “delicate moment” for the global economy as many countries are experiencing a severe slowdown.”

Davy on Wed, 8th May 2019 5:43 am 



“Russia Arrests 4 In Dirty Oil Sabotage Case Which Blocked Major Siberia-Europe Pipeline”
https://tinyurl.com/y4sx6yes zero hedge

“Russia is Germany’s largest energy supplier — and with no word on just how long the blockage will last — it is likely to prove financially disastrous as there’s an estimated 37 million barrels of contaminated crude accumulating in pipelines spanning from Belarus to Ukraine to Hungary. Far from being a mere technical disaster, Russian authorities had previously revealed the developing “dirty oil” crisis to be intentional — the result of organized crime and an attempt to cover up mass theft on the part of oil executives.”

“The Druzhba pipeline is one of the longest in world, connecting Western Siberia to Europe. The fact that it’s been paralyzed for the past two weeks has caused embarrassment concerning Russia’s dependability as a key energy source for Europe. However in some places “clean oil” has begun to transit the pipeline again, Belarus’s state-run oil-transport firm Belneftekhim confirmed days ago. And on Tuesday Ukraine also said it was ready to resume shipments of Russian crude oil to the EU. Earlier reports noted that the major East European cities of Warsaw, Budapest and Prague were forced to tap into their emergency reserves.”

Davy on Wed, 8th May 2019 5:52 am 



“Scientist: The Food Crisis Will Have Humans Eating Maggots For Protein”
https://tinyurl.com/y2cufdub shtfplan

As an alternative to meat, one scientist has suggested that humans will acquire the habit of eating maggots in order to reach their protein intake requirements. “Maggot sausages” will be the “meat” of the future according to an Australian scientist, Dr. Louwrens Hoffman. Food scientists at the University of Queensland in Brisbane, Australia are incorporating insects such as maggots and locusts into a range of specialty foods, including sausage, as well as formulating sustainable insect-based feeds for the livestock themselves. “Would you eat a commercial sausage made from maggots? What about other insect larvae and even whole insects like locusts? The biggest potential for sustainable protein production lies with insects and new plant sources,” said Dr. Hoffman. Hoffman says that the meat industry is not sustainable, but people can start eating insects instead. “An overpopulated world is going to struggle to find enough protein unless people are willing to open their minds, and stomachs, to a much broader notion of food,” said Hoffman. The scientist says that conventional livestock production will soon be unable to meet global demand for meat. That means that other “fillers” and alternatives will be needed to supplement the food supply with sufficient protein sources, according to The New York Post. “In other words, insect protein needs to be incorporated into existing food products as an ingredient,” he says. “One of my students has created a very tasty insect ice cream.”

Davy on Wed, 8th May 2019 6:04 am 



“Behind The Recent Crypto Surge? Chinese Banks Are Quietly Running Out Of Dollars”
https://tinyurl.com/y2sethrs zero hedge

“So, either Chinese banks are running out of dollars – scaring account holders into attempting to exit the country’s financial system before a liquidity crisis; or Chinese officials are actively tightening capital controls – scaring the wealthy into various capital flight techniques; as the trade war tensions escalate. As we noted two weeks ago, following the biggest quarterly credit injection in Chinese history, it is safe to say that China’s banks are flush with yuan loans. However, when it comes to dollar-denominated assets, it’s a different story entirely. As the WSJ points out, in the past few years, a funding problem has emerged for China’s biggest commercial banks, one which is largely outside of Beijing’s control: they’re running low on US dollars so critical to fund operations both domestically and abroad.

“US bankers say, Chinese capital controls mean Shanghai is not a global financial hub. Restrictions on the movement of capital in and out of China have scuppered ambitions to become an international money market, with US bankers saying that it is still another five to 10 years from regaining its pre-Communist era status as the financial capital of the East. China’s strict control of capital flows, heavy government intervention in financial markets, and the limited use of the yuan in international markets have restricted Shanghai’s role as a financial hub. The presence of foreign money in China’s stock market in Shanghai is also tiny – less than 0.5 per cent of publicly traded stocks in Shanghai were owned by foreign investors as of the end of March, according to data from the Shanghai Stock Exchange. The government’s intervention in the stock market is seen as a key barrier to reaching the 2020 goal. As MishTalk’s Mike Shedlock concludes, the idea that the yuan will soon replace the dollar as the world’s reserve currency is absurd for currency reasons, political reasons, and economic reasons. Anyone who suggests otherwise understands neither currencies nor global trade. Finally, given the implications of the reserve currency curse, I highly doubt China even seeks what these petro-yuan analysts claim.”

“Meanwhile, if anyone tells you the yuan is about ready to replace the dollar as the world’s reserve currency, write them off as clueless. We have been seeing such stories for a decade or longer, but China isn’t remotely close in at least five areas, and perhaps never will be.”

Davy on Wed, 8th May 2019 7:35 am 



“Renewables Are Dead”
https://tinyurl.com/yyn7pbfv automatic earth
https://tinyurl.com/y695nxsa der Spiegel via google docs

“Over the past five years alone, the Energiewende has cost Germany €32 billion ($36 billion) annually, and opposition to renewables is growing in the German countryside. “The politicians fear citizen resistance” Der Spiegel reports. “There is hardly a wind energy project that is not fought.” In response, politicians sometimes order “electrical lines be buried underground but that is many times more expensive and takes years longer.” As a result, the deployment of renewables and related transmission lines is slowing rapidly. Less than half as many wind turbines (743) were installed in 2018 as were installed in 2017, and just 30 kilometers of new transmission were added in 2017. Solar and wind advocates say cheaper solar panels and wind turbines will make the future growth in renewables cheaper than past growth but there are reasons to believe the opposite will be the case. Der Spiegel cites a recent estimate that it would cost Germany “€3.4 trillion ($3.8 trillion),” or seven times more than it spent from 2000 to 2025, to increase solar and wind three to five-hold by 2050. A total expenditure of some $150 billion per year, every year from 2025 to 2050. On a rapidly failing project. Note: the numbers are “flexible”: just above, it says “Over the past five years alone, the Energiewende has cost Germany €32 billion ($36 billion)” , and seven times that is much more than $150 billion annually. Later in the article, the author says “Germans, who will have spent $580 billion on renewables by 2025 ..” General rule of thumb: it will cost much more than any estimate will tell you. Between 2000 and 2018, Germany grew renewables from 7% to 39% of its electricity. And as much of Germany’s renewable electricity comes from biomass, which scientists view as polluting and environmentally degrading, as from solar. Of the 7,700 new kilometers of transmission lines needed, only 8% has been built, while large-scale electricity storage remains inefficient and expensive. “A large part of the energy used is lost,” the reporters note of a much-hyped hydrogen gas project, “and the efficiency is below 40%… No viable business model can be developed from this.” Meanwhile, the 20-year subsidies granted to wind, solar, and biogas since 2000 will start coming to an end next year. “The wind power boom is over,” Der Spiegel concludes.”

Davy on Wed, 8th May 2019 7:36 am 



I have been on the track of honesty about renewables for some time now. Renewables are transformative not a transition. The understanding of this difference is the key to the future. If this is true then the key to the future is “Deep Adaptation”. The reason Deep adaption is the key is the failure that will come with the integration of renewables and our inability to meet climate targets as a result. The economic implications are a basis of this failure. The Deep Adaptation agenda calls for resilience, relinquishment and restoration. https://tinyurl.com/ya2jnu5z “Deep Adaptation: A Map for Navigating Climate Tragedy. The author, Jem Bendall, is more concerned with climate than the economy and energy. Real Green looks at all three as a convergence of decline along with overpopulation and overshoot and it forms the basis of a platform that finds its home in the individual in a local with action that provides meaning. The basis of the Fake Green message today is renewables are our salvation. My Real Green platform says fake green is dishonest science when we honestly study all three decline convergence forces.

Deep Adaptation calls for resilience which can be described as a combination of adaptation and mitigation of decline forces. Relinquishment is a very important part of Deep Adaptation in my Real Green Platform because this is where the honesty comes in. Fake Greens believe we can have our cake and eat it. We can transition without losing affluence. In fact fake greens say we will be more prosperous with more fantastic tech. How often do we hear these days “energy is not a problem” from our Techno optimists? Relinquishment means embracing less. The key is less. For proper adaptation and mitigation less must be central. Systematically this is suicide for the status quo so if we do seek less affluence then we will see a bifurcating global system. Of course that bifurcating situation is at the top and the top has no intention of less in fact it wants more. The problem is a finite planet will give the top less eventually so beat the rush and decline now with less. This means we must focus on resilience if we hope to adapt to less.

Restoration is a key to both the natural and human and its focus is local. The local must be restored with an alternative human footprint. The mechanism is a hybrid of the new and old technologies but it is much more than technologies. The key is behavior over tech. This new human myth that is based on the old is about returning to a smaller scale with travel, consumption, and energy harvesting and gathering. This is juxtaposition of the status quo that is delocalized, modern, and high performance based. Real Green says collapse in place and beat the rush. It says this is personal and with small groups. It admits the top cannot be reformed except in niche areas and on the margins. Competition and consensus means a diversity of ideas on solutions cannot be reconciled at the top. The Paris Accord is a sick joke but completely understandable with Real Green. Crisis of disequilibrium will hasten the pace of decline such that conflict will be yet another decline convergence variable. Leave this process and go local as best you can in a delocalized global world. Leverage the delocalized global to build your local while you can. The delocalized global is robustly fragile meaning it is resistance to change until it shatters from its unsustainable needs. There is not much time left to leverage this powerful force.

The behavioral key is relative sacrifice because of the inconsistencies of emotions that occur with acknowledging one’s oversized footprints with one’s ability to change. Change what you can locally and with significant others. This Real Green Platform is an add-on to your existing local and the meaning you get from your higher power. What it does is orientates the planet and a new human behavior into your life system that will be locally based and with its primary concern being significant others. Real green calls for salvaging what is around you and triaging out bad behavior and unneeded physical and mental distractions. The key here is relatively or in other words the best you can because you will be torn apart with inconsistencies of being required to be in the status quo but being focused on leaving it.

Real Green is about levels of awakening. The highest level of course is getting to the point of building a monastery of knowledge and physical things to be seeds for a future. The future is for someone else if the planet allows a reboot post collapse of modern civilization. This also involves the relative again because the higher you become awakened the more humble you become much like a monks of old. A Real Green monk would be a combination of an ancient shaman, Benedictines, and Taoism. I covered the three because it is the synthesis of the three ways that is a road map to planetary harmony of the human sprit. The humility comes from the power the planet will bestow on you. This power is not traditional human power of control it is more power that meaning brings. Once this meaning is used selfishly it is lost.

Deep Adaptation principles in the Real Green platform of honesty and action is the key to the individual’s preparation for an uncertain future. It is not a political platform that fits national or international goals. It will not work at these levels. It is meant for concerned individuals and locals as an orientation for behavior and tech. It is about wisdom of what knowledge to use and most importantly in this culture of consumerism and vast amounts of knowledge, what not to use. Real Green action will not save you but it will offer you a less bad way down. Embrace it and find meaning.

Turd Salad Alert! on Wed, 8th May 2019 10:12 am 



Davy has nothing better to do on Wed, 8th May 2019 7:36 am

JuanP on Wed, 8th May 2019 10:51 am 



Juanpee posting

Turd Salad Alert! on Wed, 8th May 2019 10:12 am

Sissyfuss on Wed, 8th May 2019 10:56 am 



Essentially doomy today,Davy. Trouble is there’s so much realism attached.

Davy on Wed, 8th May 2019 10:58 am 



I am more optimistic than a few years ago but the optimism has a shelf life

Cloggie on Wed, 8th May 2019 11:17 am 



“Renewables Are Dead”

If you read that trash piece written by this Meijer chap (Dutch version of Meyer), you know that he either is unable to read German or that he simply doesn’t understand the article. Or simple malice.

The gist of the article in der Spiegel is NOT about renewable energy being dead, or the 2nd law of thermodynamics, or that renewable energy doesn’t work or that Germany is running out of money, or lack of support from the government or population, nothing of the sort.

Der Spiegel is and remains a staunch supporter of the energy transition, for good reason.

The entire article is about one theme only, namely, that despite the fact that the support for the transition in Germany on all fronts is enormous (except among many populists), when it comes to the implementation details, things get tricky. Or summarized in one expression:

NOT IN MY BACKYARD.

Germans are hardcore nature lovers, they love their forests and landscapes, and they hate the signs of complex technology, like nuclear power stations or power lines, either above the ground (ugly!) or under ground (radiation?).

The latter is the real problem. The German government is meeting a lot of resistance in constructing a north-south line in order to bring offshore wind electricity from the North Sea to the South. That line is essential for the success of the transition.

In the end, the government will no doubt win this fight, but a lot of irritating delay is the result.

Der Spiegel despairs about the small-mindedness of the German equivalent of the US “fly-over country”.

In Germany however, renewable energy is anything but dead.

Sorry mr Meijer. As they say in Eurovision songfestival circles:

ZERO POINTS!

Cloggie on Wed, 8th May 2019 11:31 am 



Iran should have a good look at the map…

https://images.app.goo.gl/kMHxReDwVNaAnoyR6

…have talks with Kazakhstan and China, build a pipeline to the North, construct a terminal in the Caspian Sea, ship the oil to Kazahkstan and pump it to China.

End of US sanctions impact for ever. Now THAT would be a valuable contribution to the New Silk Road project!

Davy on Wed, 8th May 2019 11:41 am 



Our board techno-optimist “Always” has an excuse and plenty of jargon for why or why not. He is usually always dismissive and discredits with binary arguments. He refuses to see any grey because grey is not a victorious color for an extremist. It is not happening according to plans, cloggo. Sooner or later your tail will be between you legs with defeat. Extremist can’t handle defeat so they take their point of view into the jaws of defeat. Extremist have very little room for adaptation that proper science calls for. An extremist is long on agenda driven by cherry picked facts that paint a story of lies. That is Cloggo.

Cloggie on Wed, 8th May 2019 11:53 am 



“Renewable energy is dead” latest…

Spectacular renewable energy record in Germany in March of 54.4%!

https://deepresource.wordpress.com/2019/05/08/record-german-renewable-share-of-54-5-in-march/

In merely 9 years, this economic giant increased max renewable electricity from 24 to 54%!

LOLOLOL

Message to “Automatic-Earth”: drop dead yourself.lol

Davy on Wed, 8th May 2019 12:03 pm 



Lolol, the effort is stalling for many reasons and you are in denial. Sorry Cloggo your agenda is springing leaks. You know the story of the Dutch boy and the leak. Lol.

Cloggo’s Favorite one liner; “energy is not a problem” LMFAO

Cloggie on Wed, 8th May 2019 12:07 pm 



Davy has a great problem understanding graphs and data and facts. Ideologues like him hate facts. You see, facts are anti-American, certainly when it comes to renewable energy.lol

Davy on Wed, 8th May 2019 12:25 pm 



come on cloggo, your diversions just further expose your failures. Extremist like cloggo set a very high bar they cannot maintain with facts. Eventually they are completely discredited because their elaborate subterfuge is exposed. cloggo is heading that way with renewables and his PBM nonsense.

Cloggie on Wed, 8th May 2019 12:33 pm 



More extremist news from Europe:

Growth sales EV’s 85% y2y.

That’s like internet subscription growth rates in 2000’s. Now everybody has one.

https://deepresource.wordpress.com/2019/05/08/85-y2y-growth-e-vehicles-in-europe/

“The greatest shortcoming of the human race is our inability to understand the exponential function.”

Davy on Wed, 8th May 2019 1:21 pm 



Growth sales EV’s 85% y2y.

cloggo, give us the starting point for that dramatic 85% cheerleading number. LMFAO.

I AM THE MOB on Wed, 8th May 2019 2:23 pm 



Clogg

Germany is going to have to dig up an old church and state park to get more coal..To keep the lights on..What an epic fail..

https://www.forbes.com/sites/michaelshellenberger/2019/05/06/the-reason-renewables-cant-power-modern-civilization-is-because-they-were-never-meant-to/?fbclid=IwAR1w6mfhG48Fn9lEfVydgY1UH8CC-3a2r5OuXpSv-TSZpWuwOtHix1Q8ZLA#8a720f4ea2b9

EV’s have decreased global oil demand by less than 3% since 2011
https://www.bloomberg.com/news/articles/2019-03-19/how-much-oil-is-displaced-by-electric-vehicles-not-much-so-far

Looks like the U of Cal study is right on point.

It Will Take 131 Years To Replace Oil, And We’ve Only Got 2
https://www.businessinsider.com/131-years-to-replace-oil-2010-11

I AM THE MOB on Wed, 8th May 2019 3:10 pm 



IEA: Renewables Growth Is Stalling

https://oilprice.com/Alternative-Energy/Renewable-Energy/IEA-Renewables-Growth-Is-Stalling.html

Peak renewable’s..What an epic failure..Over two trillion in government subsidies spent since 2000..And less than 3 percent of the worlds total energy supplies..Makes sense why countries are not cutting back..

False hope for cowardly soyboy’s like clogg

Davy on Wed, 8th May 2019 3:15 pm 



So I take it you are not fan of AOC, MOBster?

Renewables are legitimate so why do you hate them so much? Is it because they are delaying your collapse rapture?

Robert Inget on Wed, 8th May 2019 4:52 pm 



While the trade war with China is rattling financial markets around the world, another trade skirmish is about to play out in the supermarket — in particular, the produce aisle. The Trump administration is preparing to level a new tariff — or tax — on fresh tomatoes imported from Mexico.

The move comes in response to a growing outcry from Florida tomato growers, who have a lot of political leverage.

Florida used to dominate the American market for tomatoes sold in the winter and spring, but over the past two decades the state’s growers have been losing ground to Mexico. If you pick up a ripe, red tomato in the grocery store this time of year, the chances are good it was grown south of the border.

makati1 on Wed, 8th May 2019 5:14 pm 



Robert, Trump is at war with everyone. Tariffs, trade wars, walls, taxes, broken agreements, etc. He is tweeting the US into the 3rd world.

Most Americans have no idea where the food they eat comes from. Most off-season stuff is imported. As the climate changes, more and more food will come from other countries.

When I was a kid, the family grocery bill was at least 1/3 of my dad’s middle class income every week. It seems that the US is headed back to that level, or higher. So be it.

makati1 on Wed, 8th May 2019 5:19 pm 



MOB, you are correct. Renewables will never be a significant part of the energy system of the planet. Without government subsidies, they would not have even gotten this far. As governments are mostly in deep debt, the subsidies are ending. So will renewables.

FFs are the future, as long as we can recover them at a profit. So is global warming and climate change, the real price we pay for our wasteful lifestyle. Specie extinction by 2100? Time will tell.

Cloggie on Wed, 8th May 2019 5:20 pm 



Sorry mob, more signs that the empire and its tales are going down:

https://www.algemeiner.com/2019/05/07/french-jews-furious-as-notorious-antisemite-dodges-jail-time-for-holocaust-denial/

“French Jews Furious as Notorious Antisemite Dodges Jail Time for Holocaust Denial

I AM THE MOB on Wed, 8th May 2019 6:42 pm 



The show is just getting started!

When the “shale revolution” took off around 2008 — exactly at the point where global oil production ex-USA ceased — it wasn’t the result of the U.S. oil industry waking up one day and deciding that it would be a good idea to get into the shale oil business. Rather, seems to me, that it was the result of a well planned strategy to Buy More Time.

I don’t believe any oil company would have taken the leap into fracking without rock solid assurances from an extremely authoritative source (Cheney cough cough) that the oil companies would be thoroughly backed by: 1) Unlimited new money printing to provide a vast ocean of hot money looking for places to go, 2) A guarantee of NO prosecution for oil companies that might use every trick in the book to misrepresent claims of oil reserves and future profitability to prospective investors, 3) A full scale deep-budgeted Public Relations campaign aggressively pumped through innumerable media channels to selected market segments with the message that THIS is the profit making opportunity of a lifetime (oil independence baby!), and 4) Suppressed interest rates guaranteed to force money out of investment grade bonds and into junk (i.e., fracking bonds).

In short, none of this fracking business was organically driven. It was planned well ahead of time, obviously by people who could see Peak Oil and Big Trouble coming, oil executives perhaps most clearly of all. That plan is currently being executed. It is working. It bought another ten years of BAU, more or less.

But how much longer can it work? Not forever, or even much longer in all probability — for many reasons and more. Regardless of how well “they” manipulate markets or coordinate behind the scenes to keep global economic imbalances in check, no matter how much digital money they print, independent of whatever happens in the US/China Trade War farce, the show must come to an end. And it will. Due to lack of sufficient oil.

For what it’s worth, I seriously doubt that the FED or the super-elites that are running the show will be content to merely continue on with the current plan until oil shortages begin hammering the global economy. Given how elaborate and well-conceived and well-executed the current plan has proven, it’s reasonable to speculate that there is another plan, or a new phase to the existing plan. Whatever that new phase or plan is, I’m guessing it will be a real doozy. Can’t wait to see what it is.

I AM THE MOB on Wed, 8th May 2019 7:22 pm 



Assange being “chemically lobotomized by Chemical Gina a.k.a. Bloody Gina Haspel, CIA Director.

https://www.globalresearch.ca/julian-assange-tortured-psychotropic-drug/5676921