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News from July 2017

Prepare Now for the Next Financial Crisis

Prepare Now for the Next Financial Crisis thumbnail

The Asian financial crisis started 20 years ago and the global financial crisis and recession 9 years back. When a new global financial crisis strikes, the developing countries will be more damaged than in the last crisis as they have become less resilient and more vulnerable.  They thus need to prepare from being overwhelmed. A debate […]


A Coup In The House Of Saud?

A Coup In The House Of Saud? thumbnail

The secret is out: the ascension of Mohammad bin Salman, displacing CIA favorite Mohammad bin Nayef as Crown Prince, was in fact a white coup… What has been an open secret across the Arab world is not a secret anymore even in the US: What happened last month in the deep recesses of the House […]


Kunstler: The Value of Everything

Kunstler: The Value of Everything thumbnail

W e are looking more and more like France on the eve of its revolution in 1789. Our classes are distributed differently, but the inequity is just as sharp. America’s “aristocracy,” once based strictly on bank accounts, acts increasingly hereditary as the vapid offspring and relations of “stars” (in politics, showbiz, business, and the arts) […]


Saudi Arabia Turns Off the U.S. Oil Tap

Saudi Arabia Turns Off the U.S. Oil Tap thumbnail

  At last, Saudi Arabia seems to be doing what it takes to reduce the world’s most visible oil glut: the one in the U.S. Unfortunately, its renewed vigor comes as OPEC’s deal to reduce excess crude stockpiles starts to show signs of unraveling elsewhere, a subject that will be wrestled with by the group’s oil […]


Mystery surrounds only oil well drilled in ANWR

Mystery surrounds only oil well drilled in ANWR thumbnail

With oil development advocates again emboldened by the prospects of cracking open the Arctic National Wildlife Refuge, a big secret that could add to the continuing debate over exploration remains as cloaked in mystery as ever. Experts say data from the KIC-1 well — the only well ever drilled in the refuge — remains the tightest of North […]


Kunstler: Meow

Kunstler: Meow thumbnail

For all his blunders and stumbles in his first half-year as President (cough cough), Donald Trump seems to have more lives than Schrödinger’s Cat. Or maybe it just seems that way. Or maybe he isn’t really there at all (like the news these days). Maybe Trump only represents one comic probability in an infinite number […]


US Owns 700 Million Barrels of Oil. Trump Wants to Sell It

US Owns 700 Million Barrels of Oil. Trump Wants to Sell It thumbnail

The weather was hot and humid on July 21, 1977, the day the U.S. government began stockpiling oil. It started small. Just 412,000 barrels of Saudi Arabian light crude stashed in a Southeast Texas salt cavern. In the wake of the Arab oil embargo, which sent prices through the roof and forced Americans to ration […]


A doomed doomsday prediction

A doomed doomsday prediction thumbnail

Yet another study suggests families can fight climate change by reducing the number of children but a longtime skeptic calls it more scare-mongering. The study published in Environmental Research Letters aligns with warnings that Earth can only survive climate change if people have fewer children, avoid automobiles and airline travel, and switch to a plant-based […]


How about the “sixth extinction?” It is a Seneca Cliff in the making

How about the “sixth extinction?” It is a Seneca Cliff in the making thumbnail

Image above from the paper by Hull et al. “rarity in mass extinctions and the future of ecosystems” Nature 528, 345–351 (17 December 2015). Notice how the decline in the fossil abundance, takes the shape of a “Seneca Cliff”. The article examines the current situation of the Earths’s ecosystem and concludes that we are not […]


The population explosion we’re all ignoring

The population explosion we’re all ignoring thumbnail

“Ladies, have you heard the news?” croons the singer to the women sitting beneath the tree in an isolated village in Benin. “You can take a pill every day.” The singer and his drummers have just disembarked from “the contraception boat”, said Geoffrey York in The Globe and Mail (Toronto). It is part of a […]


America-First Pipeline Plan Draws Ire of American Oil

America-First Pipeline Plan Draws Ire of American Oil thumbnail

Donald Trump’s allies in the oil industry are warning the president that his bid to boost U.S. steelmakers could backfire against their efforts to achieve his goal of “American energy dominance.” The intense lobbying effort comes as the Commerce Department faces a Sunday deadline to give the president a plan to require oil and gas […]


Which Peak, And When?

Which Peak, And When? thumbnail

I’ve always found it fascinating how suddenly a “hot” topic crops up everywhere (in modern parlance, it’s trending). Author Malcolm Gladwell explained the phenomenon in his page-turner, the bestseller “The Tipping Point.” The topic seemingly emerges from nowhere, then swirls around from think tanks and universities to the lay media, then to industry media, finally […]


Future Energy Prices: The Big Picture – Part II

Future Energy Prices: The Big Picture – Part II thumbnail

Summary Much has changed in the energy sector and we are only at the beginning. Looking at the future supply picture for oil and natural gas. One area that will benefit investors for the foreseeable future. Back to Part I Part I provided an overview of the factors that affect energy commodities, what is changing […]


Peak Oil, Jim’s Blog

Peak Oil, Jim’s Blog thumbnail

If you discover more than ten years of reserves, politicians are apt to take it away from you. So for the last hundred years or so, the world has only had ten years worth of proven oil reserves left and has been about to run out in ten years or so. In fact the world […]


A last-resort ‘planet-hacking’ plan could make Earth habitable for longer

A last-resort ‘planet-hacking’ plan could make Earth habitable for longer thumbnail

One way to prevent the Earth’s temperature from rising into a city-drowning, hurricane-strengthening, heat-stroke–triggering danger zone is to immediately switch from fossil fuels to renewable energy sources. At the moment, that transition seems unlikely. So scientists and tech innovators are also investigating various forms of geoengineering — an approach that involves transforming the Earth’s clouds and skies in ways that […]


Richard Heinberg: Controversy Explodes over Renewable Energy

Richard Heinberg: Controversy Explodes over Renewable Energy thumbnail

A heated debate in the pages of one of the country’s most renowned scientific journals has gained national attention. The debate is over whether a combination of wind, solar, and hydroelectricity could fully power the U.S. But both sides of the debate are completely missing half of the equation. In a series of papers published […]


Farming Beyond Drought

Farming Beyond Drought thumbnail

The Caribbean accounts for seven of the world’s top 36 water-stressed countries and Barbados is in the top ten. The Food and Agriculture Organisation (FAO) defines countries like Barbados, Antigua and Barbuda, and St. Kitts and Nevis as water-scarce with less than 1000 m3 freshwater resources per capita. With droughts becoming more seasonal in nature […]


Permian Oil Reserves Are Grossly Exaggerated

Permian Oil Reserves Are Grossly Exaggerated thumbnail

We are entering a new age of American energy dominance according to Energy Secretary Rick Perry. President Trump reflected that view in comments he made last week that “…we’ve got underneath us more oil than anybody, and nobody knew it until five years ago.” Trump was referring to tight oil production and today, that means the Permian basin. […]


On a Finite Planet Nothing Grows Forever

On a Finite Planet Nothing Grows Forever thumbnail

Richard Heinberg joins Juliet Jacobs at BFM radio to discuss realistic avenues for transitioning to renewable energy, the environmental implications of economic growth, and how we can build more resiliency into the sustainability movement.  BFM Malaysia


US Military Establishment Study Admits The American Empire Is “Collapsing”

US Military Establishment Study Admits The American Empire Is “Collapsing” thumbnail

A new study conducted by members of the U.S. military establishment has concluded that the U.S.-led international global order established after World War II is “fraying” and may even be “collapsing” as the U.S. continues to lose its position of “primacy” in world affairs. We’re revolutionizing the news industry, but we need your help! Click here to […]


Saudi Arabia empties domestic crude tanks

Saudi Arabia empties domestic crude tanks thumbnail

Saudi Arabia has been progressively reducing its bloated domestic stocks of crude in a sign the global oil market is rebalancing, albeit more slowly than OPEC anticipated. Saudi Arabia’s domestic crude stocks declined in 16 of the 19 months between November 2015 and May 2017 according to government data reported to the Joint Organisations Data […]


Richard Heinberg: Talking Energy Transition

Richard Heinberg: Talking Energy Transition thumbnail

This is the second and final part of a recent conversation with Richard Heinberg by Greening the Apocalypse. Greening the Apocalypse is a weekly show on Melbourne’s Triple R 102.7FM. Listen to the first part here.


John Michael Greer: Men Unlike Gods

John Michael Greer: Men Unlike Gods thumbnail

The crisis of our age has many facets. All of them have their roots in the basic fact of our time, the head-on collision between the limitless economic growth our civilization demands and the hard limits of a finite planet. From that collision, in turn, come the drawdown of irreplaceable resources and the disruption of […]


Coal and Nuclear are Uneconomic — More Bombshells from Perry’s Draft Grid Study

Coal and Nuclear are Uneconomic — More Bombshells from Perry’s Draft Grid Study thumbnail

On Saturday, we reported that a leaked draft of Energy Secretary Rick Perry’s grid study obtained by Bloomberg debunks his attack on renewable energy. ThinkProgress has now obtained a copy of that draft, and it has many more surprises — or, rather, findings that are fairly well known to energy experts but may come as an unpleasant surprise to Perry and […]


Rise of mega farms: how the US model of intensive farming is invading the world

Rise of mega farms: how the US model of intensive farming is invading the world thumbnail

nce the days of the wild west frontier, the popular image of American farming has been of cowboys rounding up steers on wide open ranches, to whoops, whips and hollers. Today, the cowboys on their ranches under wide open skies have been replaced by vast sheds, hulking over the plains, housing tens of thousands of […]


A Brighter Future for Electric Cars and the Planet

A Brighter Future for Electric Cars and the Planet thumbnail

There is simply no credible way to address climate change without changing the way we get from here to there, meaning cars, trucks, planes and any other gas-guzzling forms of transportation. That is why it is so heartening to see electric cars, considered curios for the rich or eccentric or both not that long ago, […]


Are More Bankruptcies On The Way For US Oil?

Are More Bankruptcies On The Way For US Oil? thumbnail

Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers might want to slow down their production boost lest they bring on another price crash, but the truth seems to be that they can’t do […]


What If Big Oil’s Bet on Gas Is Wrong?

What If Big Oil’s Bet on Gas Is Wrong? thumbnail

Talk to a Big Oil executive these days, and the chances are they’ll steer the conversation toward gas. “In 20 years, we will not be known as oil and gas companies, but as gas and oil companies,” Patrick Pouyanne, chief executive officer of French giant Total SA, told a conference in St. Petersburg last month. […]


Earth’s Economy Glorifies Waste, Exploitation, Debt, Expediency and Magical Thinking

Earth’s Economy Glorifies Waste, Exploitation, Debt, Expediency and Magical Thinking thumbnail

Humanity appears to default to magical thinking when faced with untenable situations that demand systemic change. How would extraterrestrial anthropologists characterize Earth’s dominant socio-economic system? It’s not difficult to imagine their dismaying report: “Earth’s economy glorifies waste. Its economists rejoice when a product is disposed as waste and replaced with a new product. This waste is […]


ISIS continues to sell oil because it’s in somebody’s interest

ISIS continues to sell oil because it’s in somebody’s interest thumbnail

While the freefall of oil prices seems to have stopped for now, the inevitable rise of energy demand from developing economies may turn the current overflow into a critical shortage. How long before oil becomes a treasured resource in major demand again? And with new technology coming into play, how will the energy market affect […]


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