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News from October 2017

Oil Quality Issues Could Bankrupt Venezuela

Oil Quality Issues Could Bankrupt Venezuela thumbnail

The next few weeks for Venezuela will be crucial, as it could struggle to meet a huge stack of debt payments. Reports that the nation’s oil production is experiencing deteriorating quality raises a new cause for concern for the crumbling South American nation. Venezuela’s state-owned oil company PDVSA is reportedly shipping crude oil with growing […]


Here Is The IMF’s Global Financial Crash Scenario

Here Is The IMF’s Global Financial Crash Scenario thumbnail

Hidden almost all the way in the end of the first chapter of the IMF’s latest Financial Stability Report, is a surprisingly candid discussion on the topic of whether “Rising Medium-Term Vulnerabilities Could Derail the Global Recovery”, which is a politically correct way of saying is the financial system on the verge of crashing. In […]


A 27-year study found the amount of insects flying in the air has declined 75%

A 27-year study found the amount of insects flying in the air has declined 75% thumbnail

75% of the flying insects on protected lands in Germany seem to have died over the past 27 years. Researchers aren’t sure what’s responsible for the decline, but say climate change probably isn’t to blame. Bird populations are now also on the decline. Bug researchers in Germany are puzzled. New data suggests the total population of flying […]


An ecological view of Trump’s trade war

An ecological view of Trump’s trade war thumbnail

Whether you regard President Donald Trump’s rejection of America’s trade agreements as a good thing or a bad thing, few people understand what canceling them would mean. From an ecological point of view, abruptly pulling out of trade agreements, agreements which have resulted in innumerable long-term investments and commitments, is the ecological equivalent of a […]


Greening Apocalypse California

Greening Apocalypse California thumbnail

“At some point the marble will fall into a warmer domain of equilibrium.” This is one of those essays that if read 100 years from now will be seen as either amazingly prophetic or yet another example of the misguided apocalyptic literature emerging in the early 21st century — the way flying cars and armies of rocketmen […]


Insectageddon: farming is more catastrophic than climate breakdown

Insectageddon: farming is more catastrophic than climate breakdown thumbnail

Which of these would you name as the world’s most pressing environmental issue? Climate breakdown, air pollution, water loss, plastic waste or urban expansion? My answer is none of the above. Almost incredibly, I believe that climate breakdown takes third place, behind two issues that receive only a fraction of the attention. Warning of ‘ecological […]


US-allied forces take Syria’s largest oil field from Islamic State

US-allied forces take Syria’s largest oil field from Islamic State thumbnail

US-allied forces have captured Syria’s largest oil field from the Islamic State group. The Kurdish-led Syrian Democratic Forces (SDF), who are in a race with Russian-backed Syrian government forces to seize parts of the oil-rich Deir el-Zour province, said they are in full control of the Al-Omar field. The Syrian Observatory for Human Rights said […]


Saudi Arabia Oil Minister Says Full Aramco IPO on Track for 2018

Saudi Arabia Oil Minister Says Full Aramco IPO on Track for 2018 thumbnail

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al-Falih said Tuesday. Asked whether both parts of the IPO will happen next year, Al-Falih said: “Yes of course; it is on track.” He declined to answer questions […]


Texas’ shale oil boom yields rags-to-riches tales by the barrel

Texas’ shale oil boom yields rags-to-riches tales by the barrel thumbnail

In the dusty heart of West Texas, rows of tall white wind turbines and rust-colored working pump jacks bob up and down along the vast rugged landscape. It’s a visual juggernaut but make no mistake – this is shale country and in this part of the Lone Star State, legends are born and billions are […]


The overpopulation debate

The overpopulation debate thumbnail

Overpopulation has been debated since British economist Thomas Malthus famously warned in 1798 that humans could reproduce far faster than they could increase their food supply. But since Malthus’s time, world population has grown from 800 million to 7.5 billion today. Yet worries about overpopulation are back. In part that’s because lots more people are […]


Kirkuk crisis just beginning

Kirkuk crisis just beginning thumbnail

Reports emerged Monday that ISIS had been defeated in Raqqa, the Syrian city it claims as its capital, signaling a major victory in the years-long battle against the militant group and the near end to its self-declared caliphate. But already there are signs the post-ISIS battles are only beginning: In neighboring Iraq, government forces have […]


Kunstler: Into the Cold and Dark

Kunstler: Into the Cold and Dark thumbnail

It amuses me that the nation is so caught up in the sexual mischief of a single Hollywood producer when the nation as a whole is getting fucked sideways and upside down by its own political caretakers. Behind all the smoke, mirrors, Trump bluster, Schumer fog, and media mystification about the vaudeville act known as […]


The Approaching US Energy-Economic Crisis

The Approaching US Energy-Economic Crisis thumbnail

I was recently asked to give a talk called, “The Approaching US Energy-Economic Crisis.” In other words, how might the United States encounter problems that lead to a crisis? As we will see, many of the problems that could lead to a crisis (such as increased wage disparity and difficulty in collecting enough taxes) are issues […]


Have the US passed peak shale?

Have the US passed peak shale? thumbnail

The worm is turning for the crude oil price and American petroleum’s latest reporting season will likely announce a telling maturation of the US shale industry according to Woodside Petroleum chief executive, Peter Coleman. “The market is feeling pretty positive and we think there will be strengthening of crude prices before the end of the […]


Oil’s Biggest Rigs Head to the Junkyard

Oil’s Biggest Rigs Head to the Junkyard thumbnail

Transocean Ltd. is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day. The move by the world’s biggest offshore-rig operator signals just how bleak the future looks for deepwater drilling. Pathfinder is the most famous of six floating rigs the company is scrapping in burials […]


Oil Prices Buoyed by Middle East Tensions

Oil Prices Buoyed by Middle East Tensions thumbnail

Oil prices traded higher Wednesday, supported by ongoing political tensions in the Middle East. Brent crude, the global benchmark, was up 0.76%, at $58.32 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.31%, at $52.04 a barrel. “There are no prizes for guessing the […]


Globalists Want To Cull 90% Of World’s Population

Globalists Want To Cull 90% Of World’s Population thumbnail

Alex Jones breaks down the Globalists plan to cull, or selectively slaughter, 90% of the world’s population in an attempt to cleanse the genetic makeup of human beings across the planet.


Recent Production: Colombia, Mexico and Brazil

Recent Production: Colombia, Mexico and Brazil thumbnail

Colombia Colombia production is holding a plateau over the past year after a large decline in the last part of 2015 and first half of 2016. August value was 858 kbpd (down 0.04% y-o-y). Colombia oil reserves at the end of 2016 were 1.66 Gb (down 16.8% from 2 Gb in 2015 which followed a […]


A Field Guide to Thoughtstoppers

A Field Guide to Thoughtstoppers thumbnail

It occurred to me a while back that one very simple issue is responsible for much of the crisis of our age. No question, that crisis has plenty of causes, some of them recent, some of them much less so; to get a clear understanding of the way that modern industrial civilization has backed itself […]


Oil demand likely to peak by 2030

Oil demand likely to peak by 2030 thumbnail

As electric vehicles are to increase their popularity, particularly beyond 2025, the world petrol demand is to peak within 13 years, says a report by UK-based analysis firm Wood Mackenzie. The analysis estimates that the demand for oil in developed countries will reduce by about four million barrels per day by 2035. But, on the other hand, […]


Gulf of Mexico Oil Spill May Be Largest Since BP Disaster

Gulf of Mexico Oil Spill May Be Largest Since BP Disaster thumbnail

An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig. The Delta House floating production facility about 40 miles (64 kilometers) southeast of Venice, Louisiana, released 7,950 to 9,350 barrels of oil from early […]


Junk Borrowing Binge Benefits Wall Street Above All

Junk Borrowing Binge Benefits Wall Street Above All thumbnail

Junk-rated companies are selling loads of debt again. They’re issuing dollar-denominated bonds at the fastest pace this month since October 2012. October Surge This month’s U.S. junk-bond sales are poised to be the fastest for an October since 2012 Source: Bloomberg Note: Blue bar is monthly volume 2012-2016, MTD 2017. Yellow bar is conservative projection. This […]


Baghdad retakes Kirkuk oil fields

Baghdad retakes Kirkuk oil fields thumbnail

Update includes: Details of pre-operation agreement to avoid violence Political fallout in the KRG Paradigm shift for Iraqi and Kurdistan oil sectors Additional comments by NOC DG Farid al-Jadir KIRKUK – Federal Iraqi security forces reclaimed oil assets, government buildings and military installations in Kirkuk during an ongoing operation to take control of the disputed […]


The war on coal is over. Coal lost.

The war on coal is over. Coal lost. thumbnail

Last week, Trump’s EPA administrator Scott Pruitt announced, “the war on coal is over.” If there ever was a war on coal, the coal industry has lost. According to a new report from the Union of Concerned Scientists, many old American coal power plants are being retired or converted to natural gas, and new coal […]


Superfluous people

Superfluous people thumbnail

In the first half of the 19th century, Russian writers created a kind of romantic anti-hero – a man of talents, education and sensitivity who is unable to find a place for himself in the contemporary world. Based on the title of Ivan Turgenev’s novel, this lot came to be called “superfluous men.” I recently […]


Giving Ethical Murder Its Due

Giving Ethical Murder Its Due thumbnail

“Trying to sell scenarios based on degrowth or frugal living is like trying to sell your Elvis collection of 8-track tapes.“ In The World Until Yesterday, Jared Diamond ticks off all the great things about modern society — things like vaccines, ambulances, labor-saving kitchen appliances, electric light, air conditioning and refrigeration that most of us take for […]


Oil spills into Gulf of Mexico after underwater pipe bursts

Oil spills into Gulf of Mexico after underwater pipe bursts thumbnail

The Coast Guard is responding to a report of a crude oil spill in the Gulf of Mexico. Coast Guard Sector New Orleans says they received a report from the National Response Center at 1:30 p.m. Friday from a damaged pipeline associated with a subsea well 40 miles southeast of Venice, Louisiana. The pipeline, which […]


War With Iran Was Planned Decades Ago

War With Iran Was Planned Decades Ago thumbnail

Last week, as I reflected on my recent three-part series filled with bold predictions, I began to question whether or not I was being too negative. Upon hearing Trump’s Iran speech Friday, I became convinced that everything I wrote had merit. The speech was downright terrifying, serving to confirm all my worst fears about what […]


The Death Of Petrodollars & The Coming Renaissance Of Macro Investing

The Death Of Petrodollars & The Coming Renaissance Of Macro Investing thumbnail

The petrodollar system is being undermined by exponential growth in technology and shifting geopolitics. What comes next is a paradigm shift… In the summer of 1974, Treasury Secretary William Simon traveled to Saudi Arabia and secretly struck a momentous deal with the kingdom. The U.S. agreed to purchase oil from Saudi Arabia, provide weapons, and […]


Warming oceans, melting ice caps and a super volcano

Warming oceans, melting ice caps and a super volcano thumbnail

Mother Earth we are sorry. Humans seem to be the most destructive species on the planet. Can we not help our destructive ways? Our carbon emitting habits prove that. We are destroying the only planet we can call home. This year’s hurricane season is proving itself to be one for the books. Ten consecutive storms […]


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@BrankoMilan For more information: @ASPOUSA @MaWackernagel Dennis Meadows Alice Friedemann Charles A.S. Hall @g_kallis And the very informative conferences of geologist Colin Campbell: youtube.com/watch?v=tW6o8c… #Peakoil #Degrowth

@BrankoMilan And finally dismissing the consequences of #Peakoil as unimportant will probably only discredit the economics profession. Promising growth out of thin air is foolishness at its best. We don't like poverty nor scarcity but we cannot throw reality out of the window. #Degrowth

test Twitter Media - @BrankoMilan And finally dismissing the consequences of #Peakoil as unimportant will probably only discredit the economics profession. Promising growth out of thin air is foolishness at its best.
We don't like poverty nor scarcity but we cannot throw reality out of the window.
#Degrowth https://t.co/il1oJY7SS9