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News from September 2015

Human Overpopulation

Human Overpopulation thumbnail

In the 21st century, humanity’s prolific ability toward exponential procreation guarantees human misery, suffering, starvation and environmental destruction on a level unknown in the past 10 centuries. At 7.3 billion people in 2015, and adding 1 billion every 12 years–the human race expects to add 3.1 billion within 35 years to reach between 10.1 billion […]


$4 Gasoline By May 2016

$4 Gasoline By May 2016 thumbnail

Summary Expect higher gasoline and oil prices in 200 days. US Peak Oil from Fracking was in July 2015. US Oil Production down 474,000 barrels per day since July 2015. Watch EIA TWIP Report to understand oil inventories. “Glut” of oil to deplete in 200 days. Two forces, acting in opposite directions, will soon align […]


Russia begins airstrikes in Syria, but West disputes targets

Russia begins airstrikes in Syria, but West disputes targets thumbnail

Russia launched airstrikes Wednesday in Syria, sharply escalating Moscow’s role in the conflict but also raising questions about whether its intent is fighting Islamic State militants or protecting longtime ally, President Bashar Assad. President Vladimir Putin called it a pre-emptive strike against the militants, and the Russian Defense Ministry said its warplanes targeted and destroyed […]


Global oil demand growing at fastest pace for five years

Global oil demand growing at fastest pace for five years thumbnail

World oil demand surged in the first six months of 2015 compared with the same period in 2014, according to national estimates submitted to the Joint Oil Data Initiative (JODI). Petroleum demand is responding in the expected manner to a halving in the price of crude and significant declines in the price of most fuels […]


Why OPEC Wants to Put Oil-Sands Projects Out of Business

Why OPEC Wants to Put Oil-Sands Projects Out of Business thumbnail

Bloomberg’s Alix Steel updates the latest commodities markets news. She speaks with Bloomberg’s Scarlet Fu on “Bloomberg Markets.”


Saudi withdraws 70 billion from asset managers

Saudi withdraws 70 billion from asset managers thumbnail

Saudi Arabia has withdrawn as much as $70 billion of its assets held abroad as the kingdom’s lavish spending and its destructive war on Yemen is burning through reserves at a blistering pace.  According to financial services market intelligence company Insight Discovery, Saudi rulers are using the assets to plug the budget deficit which the […]


Bottom of the barrel

Bottom of the barrel thumbnail

Sometimes when you are in the process of setting a long-term bottom in crude oil it gets ugly before you hit the bottom of the barrel. Yesterday oil prices suffered as global growth fears and a falling U.S. stock-market overshadowed signs of more U.S. oil production destruction. Commodity giant Glencore’s stock fell 29%, and when a stock […]


We Were Supposed to Run Out of Oil This Year

We Were Supposed to Run Out of Oil This Year thumbnail

According to a 1975 report by petroleum industry experts, the United States was set to be completely independent of Mid East oil by 2015. So was every other country on Earth, “because, statistically, that will be the year the last barrel of oil is pumped from the last well on Earth.” This prediction came from […]


Magnetic Motors – Another Source of Energy?

Magnetic Motors – Another Source of Energy? thumbnail

For many years now inventors around the world have been claiming they have developed “over unity” electric motors or motor/generator pairs that either run on magnetism alone or consist of a “self-looped” motor/generator pair that can produce electrical energy beyond that needed to run the generator’s electric motor. People who follow these issues say that […]


The Peak Oil Story We Have Been Told Is Wrong

The Peak Oil Story We Have Been Told Is Wrong thumbnail

Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked about high oil prices. Thus, low oil prices are viewed as an all around benefit. […]


The Shale Shock: How the world has changed

The Shale Shock: How the world has changed thumbnail

The world has changed. Although few yet understand it, the revolution in the production of oil and natural gas from shale has altered the course of global energy, affecting most of the world’s people. This is not a short-term event. Citizens, industries and nations will be impacted for decades to come. We are witnessing a […]


Peak Oil Will Cause Transition Into a Slow Growth Economy.

Peak Oil Will Cause Transition Into a Slow Growth Economy. thumbnail

Why do we measure our success with those little bits of paper money? For that matter, how does one measure wealth? Do you measure them in investments? Tangible assets or resources? I ask these questions because it seems the people who run the central banks and our government seems to think otherwise. They run the […]


It’s Getting Harder for Oil Companies to Make Money

It’s Getting Harder for Oil Companies to Make Money thumbnail

One morning in May, Danielle Fugere tried to convince America’s second-largest oil company to get out of the oil exploration business. Standing before a room full of Chevron shareholders in San Ramon, California, she warned that climate change and rapidly shifting oil markets were threatening to erode the corporation’s profits. Fugere, president of the shareholder […]


The Stuff Problem

The Stuff Problem thumbnail

How much mined material will we need to build a 100-per-cent renewable world? The problem with wind turbines, solar panels, ground-source heat pumps and electric cars is that they’re all made of stuff. When people like me make grand announcements (and interactive infographics) explaining how we don’t need to burn fossil fuels because fairly shared […]


Will US/Canadian Oil Decline Go Global?

Will US/Canadian Oil Decline Go Global? thumbnail

At the beginning of this year I noted that all of the growth in world oil production* since 2005 has come from two countries: the United States and Canada. And, I suggested that since the growth in production in those two countries came from high-cost deposits — tight oil in the United States and tar […]


Janaia interviewed on Nature Bats Last

Janaia interviewed on Nature Bats Last thumbnail

Last week I was interviewed by Guy McPherson and Mike Sliwa on their Nature Bats Last podcast. It’s fun to turn the tables: I’ve interviewed Guy twice: Climate Change and Human Extinction – A Personal Perspective (2014) and Living Each Moment in the Face of Abrupt Climate Change (2015). I started with my perspective on abrupt climate […]


A Beacon in the Sand

A Beacon in the Sand thumbnail

We might begin with the image of American history as a great tidal wave of progress. A wave launched with the appearance of the colonists; a wave rolling with greater and greater momentum westward across the continent. It brushed aside everything that resisted it. It used covered wagons and steamships, homesteads and railroads, guns and […]


Saudi royal calls for regime change in Riyadh

Saudi royal calls for regime change in Riyadh thumbnail

Plea by grandson of state’s founder comes as falling oil prices, war in Yemen and loss of faith in authority buffet leadership of King Salman A senior Saudi prince has launched an unprecedented call for change in the country’s leadership, as it faces its biggest challenge in years in the form of war, plummeting oil […]


Saudi Arabia Uncovers Militant Cell Planning ‘Imminent’ Attacks

Saudi Arabia Uncovers Militant Cell Planning ‘Imminent’ Attacks thumbnail

Saudi Arabia’s Interior Ministry said it foiled an “imminent” militant attack planned by a local cell of five men. The men had reached “advanced stages of preparation” in planning the attack, the ministry said in a statement carried by the official Saudi Press Agency. Security forces raided apartments in Riyadh and Dammam, capturing three and […]


U.S. earthquakes possibly tied to oil and gas work

U.S. earthquakes possibly tied to oil and gas work thumbnail

A coalition of U.S. states warned on Monday that a spike in earthquakes potentially tied to oil and gas activity in places not typically prone to them needs urgent attention from regulators and others to protect public safety. The report to be released later on Monday by States First includes input from governors, regulators and […]


No limits to growth

No limits to growth thumbnail

In 1968 Stanford biologist Paul R. Ehrlich burst into American popular consciousness with his best-selling book, The Population Bomb. Like many doomsayers before him, he argued that in a world of finite resources, the biggest slices of pie get cut at the least-crowded table and that a reduced population would leave each individual a greater […]


Why Jeff Bezos, Peter Thiel, and others are betting on fusion

Why Jeff Bezos, Peter Thiel, and others are betting on fusion thumbnail

The energy source has been long on promise and short on reality. Now private companies think they can succeed where the government has failed. For more than half a century governments around the world have been trying to solve the challenge of nuclear fusion. In theory it could provide a cheap, clean, and almost boundless […]


Shell Pulls the Plug on Arctic Exploration

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Royal Dutch Shell plc announced Monday that it will cease exploration activity offshore Alaska after failing to make a commercial find at the Burger J well, located in Alaska’s Chukchi Sea. The well was drilled to a total depth of 6,800 feet and although indications of oil and gas were found at Burger J, they were “not […]


Kunstler: Tick Tick Tick

Kunstler: Tick Tick Tick thumbnail

Did Charlie Rose look like a fucking idiot last night on 60-Minutes, or what, asking Vladimir Putin how he could know for sure that the US was behind the 2014 Ukraine coup against President Viktor Yanukovych? Maybe the idiots are the 60-Minutes producers and fluffers who are supposed to prep Charlie’s questions. Putin seemed startled […]


Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid

Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid thumbnail

One of the key things to understand about China’s liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something that’s been taking place in other emerging markets for some time. As we outlined in “Why It Really All Comes Down To The […]


The collapse of Saudi Arabia is inevitable

The collapse of Saudi Arabia is inevitable thumbnail

On Tuesday 22 September, Middle East Eye broke the story of a senior member of the Saudi royal family calling for a “change” in leadership to fend off the kingdom’s collapse. In a letter circulated among Saudi princes, its author, a grandson of the late King Abdulaziz Ibn Saud, blamed incumbent King Salman for creating […]


Brazil pledges to slash emissions by 43%

Brazil pledges to slash emissions by 43% thumbnail

Brazil pledged on Sunday to slash greenhouse gas emissions by 43 percent by 2030 as its contribution to a United Nations climate agreement, but said it will include reductions from past efforts against deforestation to help it reach the target. President Dilma Rousseff presented the country’s pledges during a speech at the U.N. General Assembly in […]


The Entire World May Go Down The Tubes Together

The Entire World May Go Down The Tubes Together thumbnail

Washington’s IQ follows the Fed’s interest rate – it is negative. Washington is a black hole into which all sanity is sucked out of government deliberations. Washington’s failures are everywhere visible. We can see the failures in Washington’s wars and in Washington’s approach to China and Russia. The visit of Chinese President Xi Jinping, was […]


Britain must prepare for life without oil

Britain must prepare for life without oil thumbnail

The man tasked with saving the UK’s North Sea oil industry says it will take two years or more to recover from its problems and that Britain should start preparing for life without oil. Last year Sir Ian Wood wrote a report, commissioned by the government, into how to maximise the North Sea’s oil and […]


If you measure in barrels, we’re doing OK

If you measure in barrels, we’re doing OK thumbnail

The good ship USA, as measured by the Barrel Standard, is doing nicely, thank you very much. You may not feel that way if you have any money invested in the stock market, but it is. Apple shares have been knocked back to their level of about a year ago. So has the S&P 500. […]


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