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News from July 2015

Can Meat Production Keep Up with 2.4 billion more People?

Can Meat Production Keep Up with 2.4 billion more People? thumbnail

The United Nations predicted earlier this year that world population, today at 7.2 billion, will increase to 9.6 billion by 2050, with the largest growth projected in developing countries including India and within Africa. Some of those countries are challenged today to provide sufficient food supplies for their citizens. Can the planet sustain 2.4 billion […]


How plunging oil prices have created a volatile new force in the global economy

How plunging oil prices have created a volatile new force in the global economy thumbnail

He’d spent years touting his vision that America would one day dominate one of the world’s most powerful markets. And when Harold Hamm, a pioneer in discovering vast reserves of shale oil under American soil, took the stage in front of several hundred oil luminaries, he never acknowledged that the narrative was in doubt. “For […]


Orlov: So you say you don’t want a revolution?

Orlov: So you say you don’t want a revolution? thumbnail

Over the past few months we have been forced to bear witness to a humiliating farce unfolding in Europe. Greece, which was first accepted into the European Monetary Union under false pretenses, then saddled with excessive levels of debt, then crippled through the imposition of austerity, finally did something: the Greeks elected a government that […]


Oil Guru Sees Return to $100 Crude

Oil Guru Sees Return to $100 Crude thumbnail

The oil guru who predicted last year’s rout said $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand. Gary Ross, the founder of consultants PIRA Energy Group, said oil markets aren’t nearly as oversupplied as many believe and spare capacity is tight since Saudi Arabia is pumping all […]


Is the U.S. Really the World’s Top Oil Producer?

Is the U.S. Really the World’s Top Oil Producer? thumbnail

According to the recently-released BP (NYSE: BP) Statistical Review of World Energy 2014, the U.S. was the world’s largest and most diverse energy producer in 2014. The Statistical Review ranked the U.S.: #1 in oil production #1 in natural gas production #1 in nuclear power #1 in wind power #1 in geothermal power #1 in […]


Is Democracy Hitting the Fossil Fuels too Hard?

Is Democracy Hitting the Fossil Fuels too Hard? thumbnail

Over the past few weeks the notion of democracy has been getting its fair share of attention in the media, and quite rightfully so; Greece had a referendum on whether or not it was going to accept new terms for another round of bailout funds in exchange for the prolongment of austerity measures and the […]


The BRICS countries just launched a rival to the IMF and World Bank

The BRICS countries just launched a rival to the IMF and World Bank thumbnail

Shanghai (AFP) – A new bank dedicated to the emerging BRICS countries opened for business in China’s commercial hub of Shanghai on Tuesday, the official Xinhua news agency reported. The so-called emerging BRICS countries are made up of Brazil, Russia, India, China and South Africa, and their “New Development Bank” has been seen as a challenge […]


Eni Discovers Up To 15B Cubic Meters Of Gas In Egypt

Eni Discovers Up To 15B Cubic Meters Of Gas In Egypt thumbnail

Italy’s Eni has discovered gas reserves of up to 15 billion cubic metres in Egypt’s Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday. The discovery was made in Western Abu Madi, 120 km northeast of Alexandria, where Eni holds 75 percent of exploration rights through […]


Lies, Damned Lies, & Inflation Statistics

Lies, Damned Lies, & Inflation Statistics thumbnail

The government released their monthly CPI report this week. Even though it came in at an annualized rate of 3.6%, they and their mouthpieces in the corporate mainstream media dutifully downplayed the uptrend. They can’t let the plebs know the truth. That might upend their economic recovery storyline and put a crimp into their artificial […]


Cheap Oil Should Fuel Economy at Last

Cheap Oil Should Fuel Economy at Last thumbnail

The drop in oil prices was supposed to help the economy, but so far has hurt it instead. Now the benefits should start rolling in. Lower oil prices have proven to be more of a bane than a boon for the U.S. economy. But that is about to change. When the price of crude started […]


Dirty Energy vs. Clean Power

Dirty Energy vs. Clean Power thumbnail

Let’s amend the famous line from Joni Mitchell’s “Yellow Taxi” to fit this moment in the Finger Lakes region of New York State. There, Big Energy seems determined to turn paradise, if not into a parking lot, then into a massive storage area for fracked natural gas. But there’s one way in which that song […]


China’s Economy Collapsing

China’s Economy Collapsing thumbnail

Things are not looking for for China. It seems like Beijing has averted a crisis as far as their stock markets are concerned with some heavy-handed intervention. But their corporate debt has already reached $ 16.1 trillion and is still rising. Their corporate debt is currently at 160% of their GDP and that is twice […]


Iran Nuclear deal could herald major change

Iran Nuclear deal could herald major change thumbnail

An unlikely group in the Middle East has found common ground in recent days: Saudi Arabia, Israel and hardliners within Iran have all made clear they consider the landmark nuclear deal between Tehran and world powers a very bad idea. All of these players feel a direct threat to their power and influence as a […]


It’s cold in my house and the price of gas is going up – what can I do?

It’s cold in my house and the price of gas is going up – what can I do? thumbnail

Cold weather has arrived in eastern Australia, to the glee of those who enjoy skiing. But you don’t have to venture onto the slopes for cold to be a danger. With gas prices rising, many in the community are shivering while contemplating how big their next gas bill will be. Eastern Australia’s gas market is […]


Has U.S. oil production started to turn down?

Has U.S. oil production started to turn down? thumbnail

The plunge in oil prices last year led many to say that a decline in U.S. oil production wouldn’t be far behind. This was because almost all the growth in U.S. production in recent years had come from high-cost tight oil deposits which could not be profitable at these new lower oil prices. These wells […]


It All Falls Apart

It All Falls Apart thumbnail

  Happy families are all alike; every unhappy family is unhappy in its own way. — Leo Tolstoy, ‘Anna Karenina’ It is hard to keep up with events. The current, non-Varoufakis Greek government has surrendered to German austerity demands. How this turns out is anyone’s guess … except for the big picture. At the beginning […]


Unist’ot’en Camp kicks out Transcanada crews

Unist’ot’en Camp kicks out Transcanada crews thumbnail

Transcanada, the same company behind the Keystone XL pipeline, has been illegally entering Unist’ot’en Territory, but every time they have landed, they have been met by camp supporters. For more info on how you can support this resistance visit UnistotenCamp.com


Pakistan prepares to proceed with Iran pipeline project

Pakistan prepares to proceed with Iran pipeline project thumbnail

The removal of economic sanctions on Iran will clear the way for Pakistan to pursue an ambitious gas pipeline for eventually importing up to $2.5bn worth of Iranian gas annually, says Pakistan’s petroleum minister. Pakistan’s energy-starved economy currently has a deficit of 2bn cubic feet of gas per day, rising to 2.5bn cubic feet per […]


Greece looks to offshore oil and gas

Greece looks to offshore oil and gas thumbnail

Greece is in an economic depression. Whether or not it agrees to the ruinous terms imposed upon it by its creditors in order to obtain a bailout, or if Greece opts for a much more uncertain route out of the Eurozone, Greece has years of hardship ahead of it. The government is turning to offshore […]


ISIS Lost Almost 10 Percent of Territory

ISIS Lost Almost 10 Percent of Territory thumbnail

The Islamic State group (ISIS) saw its territory in Iraq and Syria shrink almost 10 percent in the first six months of the year, as recent victories in Palmyra and Ramadi were outweighed by “significant” losses elsewhere, a report said. The area in which Islamic State is the dominant military force now spans about 82,940 […]


Alberta pipeline breach causes massive spill

Alberta pipeline breach causes massive spill thumbnail

China-subsidiary company apologizes, says cleanup underway for one of North America’s largest-ever oil spills on land Nexen Energy apologized Friday for an oil sands pipeline leak in the Canadian province of Alberta that is one of North America’s largest-ever oil-related spills on land, and said its cleanup crews were working around the clock. The pipeline leaked […]


The good oil boys club

The good oil boys club thumbnail

IT SHOULD have been a day of high excitement. A public auction on July 15th marked the end of a 77-year monopoly on oil exploration and production by Pemex, Mexico’s state-owned oil company, and ushered in a new era of foreign investment in Mexican oil that until a few years ago was considered unimaginable. The […]


How the plunging price of oil has set off a new global contest

How the plunging price of oil has set off a new global contest thumbnail

He’d spent years touting his vision that America would one day dominate one of the world’s most powerful markets. And when Harold Hamm, a pioneer in discovering vast reserves of shale oil under American soil, took the stage in front of several hundred oil luminaries, he never acknowledged that the narrative was in doubt. “For […]


Iran’s Oil Spigot

Iran’s Oil Spigot thumbnail

  Sanctions against Iran, devised to bring it to the negotiating table and curb its nuclear program, made it hard for the country to sell its oil. Deprived of customers and investment, Iranians saw production fall to less than half its peak before the 1979 revolution. A July 13 deal between Iran and six major nations […]


U.S. Shifts Away from Coal and Toward Natural Gas

U.S. Shifts Away from Coal and Toward Natural Gas thumbnail

Natural gas overtook coal as the top source of US electric power generation for the first time ever this spring. Natural gas accounted for 31% of electric power generation while coal accounted for 30%, according to a report released by SNL Energy. Nuclear energy came in at third with 20%. This shift is not surprising, […]


Cheap Oil and Amazing Energy: The World According to Dan Yergin

Cheap Oil and Amazing Energy: The World According to Dan Yergin thumbnail

Even six months ago, the question about oil was, How low will it go? Now, with crude prices at $52 a barrel, the question is, How long will low prices last? When it comes to understanding the oil market’s crazy gyrations, it helps to talk with someone like Dan Yergin. I first encountered Yergin’s name […]


Contaminants in California public-water supplies

Contaminants in California public-water supplies thumbnail

Nearly one-fifth of the raw groundwater used for public drinking water systems in California contains excessive levels of potentially toxic contaminants, according to a decade-long U.S. Geological Survey study that provides one of the first comprehensive looks at the health of California’s public water supply and groundwater. One of the surprises in the study of […]


A Financial Collapse Is Imminent Within This Six Month Time Period

A Financial Collapse Is Imminent Within This Six Month Time Period thumbnail

Over the last six years Michael Snyder of The Economic Collapse Blog has published over one-thousand research papers, articles and reports detailing the financial, economic and monetary crises sweeping the world. While he has often urged his readers to prepare for calamity, he has never issued a specific date or time-frame for the trigger that would send […]


The ‘Oil Supply Glut’ Appears To Be A Myth

The ‘Oil Supply Glut’ Appears To Be A Myth thumbnail

Summary The media continues to report that the world is greatly oversupplied with oil and this continues to have a negative effect on oil prices. The EIA and IEA both appear to be underestimating worldwide demand for oil by nearly 2 million barrels per day. The EIA lacks reliable production figures for any state except […]


World Population Going Up

World Population Going Up thumbnail

Human population is always a touchy subject. Some scientists say we need a second planet just to keep up with our current habits. 3.6 Billion More People! As reported in Phys.org, across the globe, the population is going up, not down. New United Nations projections say that by the year 2100, there will be an additional […]


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