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News from January 2017

Are You Ready For An Inflationary Depression?

Are You Ready For An Inflationary Depression? thumbnail

We are heading into a new depression. It is not coming. It is already here but we are only in the beginning so it may not be easy for many people to see just yet. Once it is easy to see it will be too late for any meaningful actions to mitigate the effects. Just […]


Why The World Economy Is Likely To Collapse

Why The World Economy Is Likely To Collapse thumbnail

No difficult economic terms, no tough charts, just simple math. 1 – The worlds population of under 40 year olds (excluding Africa) has essentially peaked (chart below…bars represent 0-40yr/old population, dashed lines UN future estimates).  What is interesting about the under 40 year old population is that they are responsible for about 97% of all […]


Trump Gives Green Light To Keystone, Dakota Access Pipelines

Trump Gives Green Light To Keystone, Dakota Access Pipelines thumbnail

President Trump on Tuesday gave the go-ahead for construction of two controversial oil pipelines, the Keystone XL and the Dakota Access. As he signed the paperwork in an Oval Office photo op, Trump said his administration is “going to renegotiate some of the terms” of the Keystone project, which would carry crude oil from the […]


Robots Are Taking Over Oil Rigs

Robots Are Taking Over Oil Rigs thumbnail

The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy, dirty pipes. It could also be a reason he’s not working there today. The Iron Roughneck, made by National Oilwell Varco Inc., automates the repetitive and dangerous task of connecting hundreds […]


Our world is far better off than we think

Our world is far better off than we think thumbnail

What a difficult year you were 2016. With your terrorist attacks, the British going mad with Brexit and the Americans electing a Twitter troll as its commander-in-chief. In Syria and other war zones, people were drowning all year in blood. On top of all of that, many of our most beloved artists and performers left […]


Heinberg: Will the US Really Be a Major Energy Exporter?

Heinberg: Will the US Really Be a Major Energy Exporter? thumbnail

The analytical arm of the U.S. Department of Energy now says the United States will become a major energy exporter in a few years. Will this eventually prove to have been an accurate prediction? The forecast is contained in the Energy Information Administration (EIA)’s Annual Energy Outlook (AEO) for 2017, released on January 5th. In […]


A New Order Of The Ages

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By Reva Goujon I’m standing in line waiting to place a coffee order. A group of young customers are ahead of me, necks crooked 45 degrees, eyes glued to their phones, index fingers flying through Twitter feeds filled with post-inauguration memes. “We should call our band ‘This American Carnage,’” one says, looking up from his […]


I Am So Tired of Malthus

I Am So Tired of Malthus thumbnail

Daily we are deluged with gloom about how we are overwhelming the Earth’s ability to sustain and support our growing numbers. Increasing population is again being hailed as the catastrophe of the century. In addition, floods and droughts are said to be leading to widespread crop loss. The erosion of topsoil is claimed to be […]


The Rockefeller scheme to attack Exxon Mobil

The Rockefeller scheme to attack Exxon Mobil thumbnail

By now Exxon Mobil is used to putting up with reckless, ill-informed attacks from environmental extremists. Pretty much every pious, Prius-driving Bernie Sanders voter has gotten Siri to post an irate tweet beating up on the American energy giant. But the latest war on Exxon Mobil is coming from a rather unexpected place: members of […]


Doomsday Prep for the Super-Rich

Doomsday Prep for the Super-Rich thumbnail

Steve Huffman, the thirty-three-year-old co-founder and C.E.O. of Reddit, which is valued at six hundred million dollars, was nearsighted until November, 2015, when he arranged to have laser eye surgery. He underwent the procedure not for the sake of convenience or appearance but, rather, for a reason he doesn’t usually talk much about: he hopes […]


Why Russia Beat Saudi Arabia As China’s No.1 Oil Supplier

Why Russia Beat Saudi Arabia As China’s No.1 Oil Supplier thumbnail

Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called teapots. This is what statistics data released today by Beijing’s customs authority show. The average daily amount that Russian companies exported to China in 2016 stood at 1.05 million barrels, […]


Kunstler: He Is Risen… But For How Long?

Kunstler: He Is Risen… But For How Long? thumbnail

If the first forty-eight hours are any measure of the alleged Trumptopia-to-come, the leading man in this national melodrama appears to be meshuga. A more charitable view might be that his behavior does not comport with the job description: president. If he keeps it up, I stick to my call that we will see him […]


Supporting “Youngers” in Transition

Supporting “Youngers” in Transition thumbnail

I was twenty-five years old when I started working for Transition US almost four years ago, and since then one of my strong desires has been to engage more young people in our movement. I’ve seen the energy and passion young people bring to social change work. And as the ones who are inheriting a […]


We used to worry about ‘peak oil’. Then the technological revolution happened

We used to worry about ‘peak oil’. Then the technological revolution happened thumbnail

When you hear the words high tech, you probably imagine a smartphone, a driverless car, maybe even a spaceship. Having been in the oil and natural gas business for 36 years, I picture 3D seismic imaging that enables scientists to see miles below the seabed floor; the world’s biggest carbon sequestration project; and precision drilling […]


Exxon’s Rex Tillerson and the Rise of Big Oil in American Politics

Exxon’s Rex Tillerson and the Rise of Big Oil in American Politics thumbnail

“How Big Oil Bought the White House and Tried to Steal the Country” is the subtitle of a book that tells the story of a presidential election in which a candidate allowed money from big oil companies to help him win office and then rewarded them with plum appointments in his cabinet. With President Donald Trump picking […]


Nuclear missile test malfunction

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A test firing of an unarmed British nuclear Trident missile from a submarine malfunctioned last June, the Sunday Times reported, prompting questions about why Prime Minister Theresa May did not tell parliament ahead of a vote on renewing the submarines. The paper quoted an unnamed senior naval source as saying the missile may have veered […]


Tehran, Baghdad to inaugurate joint gas pipeline

Tehran, Baghdad to inaugurate joint gas pipeline thumbnail

Spokesperson of National Iranian Gas Company (NIGC) said Iran-Iraq gas pipeline will be unveiled on Tuesday though exports to the neighboring country will still remain in a halt. NIGC Spokesman Majid Bujarzadeh made the remarks emphasizing that Iran is ready to inject gas into the export pipeline asserting “the Iraqi side is still unprepared to […]


OPEC Praises Production Cuts, Reveals No Penalties For Violators As Deal Skepticism Rises

OPEC Praises Production Cuts, Reveals No Penalties For Violators As Deal Skepticism Rises thumbnail

After Sunday’s latest meeting between OPEC and non-OPEC countries in Vienna, energy ministers struck an optimistic note regarding the recent agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. Oil producers said they are in “total agreement” on the mechanism for monitoring pledged output […]


Michael Lynch: Peak Oil Demand Is Deja Vu All Over Again

Michael Lynch: Peak Oil Demand Is Deja Vu All Over Again thumbnail

The current fashionable theme in energy is ‘peak oil demand’ and the accompanying possible stranding of fossil fuel resources, with the resulting damage to the equity value of producing companies.   This post will discuss reasons to be wary, at least of some of the arguments.  A subsequent post will discuss more realistic rationales—and signposts—towards peak […]


President Trump Just Told The CIA The U.S. Should Have Stolen Iraq’s Oil

President Trump Just Told The CIA The U.S. Should Have Stolen Iraq’s Oil thumbnail

President Donald Trump told the CIA on Saturday that the so-called Islamic State probably would never have existed if the United States had seized Iraq’s oilfields, a claim that flies in the face of the analysis of most foreign policy experts and international law. In unprepared remarks introducing his pick to lead the intelligence agency, […]


Embracing the End of Life: A Journey into Dying and Awakening

Embracing the End of Life: A Journey into Dying and Awakening thumbnail

A frightening near-death experience led Patt Lind-Kyle, author of Heal Your Mind, Rewire Your Brain, to wonder what happens to the mind during the dying process. Her explorations led to writing a new book Embracing the End of Life: A Journey into Dying and Awakening. She invites readers to prepare now — for living with […]


Resources need to grow according to magnitude of population

Resources need to grow according to magnitude of population thumbnail

With India’s population likely to reach 1.6 billion in 20 years,resources have to grow according to the magnitude of future population in the context of the country’s low world ranking in terms of Gross Domestic Product and Human Development Index, Prem Krishna,Chairman of Research Council, Central Building Research Institute, Roorkee, said. Delivering his address at […]


When will oil demand peak?

When will oil demand peak? thumbnail

The two-year oversupply of oil appears to have passed following an agreement by Opec and non-Opec countries to reduce production by 1.8m barrels a day (mb/d). But in the future will we need all the oil which is produced? Slowly, technology is impacting energy consumption patterns and fast growth in renewable energy could disrupt oil […]


Trump’s Advisers Draft First-Day Energy Policy Changes

Trump’s Advisers Draft First-Day Energy Policy Changes thumbnail

Aides to Donald Trump have drafted a list of environmental policy and energy-related changes that he could sign within hours after he is sworn in as U.S. President on Friday, Bloomberg reports, quoting two people familiar with the transition team’s plans. The list of immediate energy policy changes reportedly includes measures to rescind Obama’s orders […]


Explorers in World’s Fastest-Growing Oil Market Seek Tax Breaks

Explorers in World’s Fastest-Growing Oil Market Seek Tax Breaks thumbnail

Explorers in the world’s fastest-growing oil market are seeking lower taxes on crude produced domestically to encourage fresh drilling as India tries to reduce its dependence on energy imports. State-run Oil & Natural Gas Corp. and the biggest private producer Cairn India Ltd. want Finance Minister Arun Jaitley to at least halve the tax on […]


Former ITER Spokesman Confirms Accuracy of New Energy Times Story

Former ITER Spokesman Confirms Accuracy of New Energy Times Story thumbnail

From the ITER Web site: “At nightfall, when buildings, work areas, roads and parking lots light up, the ITER site looks like an alien spaceport. Drenched in the yellow glow of sodium lights, with its cranes reaching for the sky, the Tokamak Complex is like a launch pad minutes before a shuttle’s departure; towering above, […]


The Emerging Markets Consumer

The Emerging Markets Consumer thumbnail

By Karl Desmond Three billion people entering the middle class1 and $30 trillion of annual consumption by 20252 – these are two numbers that summarize the drastic demographic and economic shift currently happening in emerging market countries and what McKinsey & Co. has called, “the biggest growth opportunity in the history of capitalism.” 2 The […]


Socialism, Not Oil, Is The Cause Of Venezuela’s Problems

Socialism, Not Oil, Is The Cause Of Venezuela’s Problems thumbnail

Venezuela’s economy has collapsed. Unfortunately, most people mistakenly believe Venezuela’s policies created a successful economy prior to the collapse in oil prices. The truth is that Venezuela’s socialist policies held back its economy during the oil boom and are the direct cause of its economic collapse today. Upon Hugo Chavez death in 2013, and before […]


OPEC Faces Headwinds From Rising Non-OPEC Production

OPEC Faces Headwinds From Rising Non-OPEC Production thumbnail

OPEC is facing headwinds with rising production from rivals, the International Energy Agency said Thursday, the latest warning that OPEC’s efforts to take barrels out of the market could backfire. The Organization of the Petroleum Exporting Countries—the 13-nation oil cartel that controls over a third of global crude production—promised to… www.wsj.com


World’s primates facing extinction crisis

World’s primates facing extinction crisis thumbnail

Gorillas, monkeys, lemurs and other primates are in danger of becoming extinct, and scientists say it’s our fault that our closest living relatives are in trouble, a new international study warns. About 60 percent of the more than 500 primate species are “now threatened with extinction” and 3 out of 4 primate species have shrinking […]


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