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News from November 2017

Saudi “Deep State” Prince Bandar Among Those Arrested In Purge

Saudi “Deep State” Prince Bandar Among Those Arrested In Purge thumbnail

According to a new report by Middle East Eye, Prince Bandar bin Sultan – Saudi Arabia’s most famous arms dealer, longtime former ambassador to the US, and recent head of Saudi intelligence – was among those detained as part of Crown Prince Mohammed bin Salman’s (MBS) so-called “corruption purge” that started with the initial arrests of up […]


Saudi Shocks Reawaken Global Oil Markets to Political Risk

Saudi Shocks Reawaken Global Oil Markets to Political Risk thumbnail

For the first time in three years, the chief concern in the oil market isn’t too much supply. Just as production cuts by OPEC and its allies finally deplete a surplus that has weighed on oil prices since 2014, political crises have hit the organization’s three biggest members. First, an eruption in Iraq’s long-running feud […]


Bans on Internal Combustion Engines May Backfire

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A number of countries have stated their intention to ban the internal combustion engine (ICE) and shift to all electric vehicles in the next couple of decades. These announcements are encouraging on the surface. Governments are in favor of taking serious measures to reduce petroleum dependence and meet environmental goals. But using strong-armed approaches by […]


Peak oil? Majors aren’t buying into the threat from renewables

Peak oil? Majors aren’t buying into the threat from renewables thumbnail

Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. FILE PHOTO – A combination of file photos shows the logos of five of the largest publicly traded […]


EIA Forecasts Growth in World Nuclear Electricity Capacity

EIA Forecasts Growth in World Nuclear Electricity Capacity thumbnail

Source: U.S. Energy Information Administration, International Energy Outlook 2017 Reference case. Note: OECD is the Organization for Economic Cooperation and Development. EIA’s International Energy Outlook 2017 (IEO2017) projects that global nuclear capacity will grow at an average annual rate of 1.6% from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China […]


Oil Tycoons Make Billions In Saudi Purge

Oil Tycoons Make Billions In Saudi Purge thumbnail

Oil tycoons are applauding Saudi Arabia’s recent anti-corruption raid, which has boosted the net worth of the world’s 21 largest oil tycoons by $1.4 billion, according to Bloomberg. The boost came on the back of increased crude prices as reports of the arrests emerged. The net worth of Saudi investor Prince Alwaleed bin Talal, on […]


No More Blackouts?

No More Blackouts? thumbnail

Many rural communities are turning to microgrids, small-scale power systems that supply local energy, typically in the form of solar power, to localized consumers, such as individual households or small villages. Image: MIT News Today, more than 1.3 billion people are living without regular access to power, including more than 300 million in India and […]


With Saudi Arrests, Crown Prince Shows He Can Force Change. But It’s Not Democracy

With Saudi Arrests, Crown Prince Shows He Can Force Change. But It’s Not Democracy thumbnail

The Saudi prince behind the weekend’s unprecedented arrest of high-level Saudi officials and businessmen is known as young and brash, and has even been called reckless. He is also known to be in tune with Saudi Arabia’s youth; those under 25 make up a majority of the country’s population. The prince’s latest high-risk move has […]


DIY Disaster Relief

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In areas where people have been abandoned by state and NGO relief efforts, decentralized networks of volunteers have popped up to coordinate food and supply distribution, arrange for temporary housing and help communities rebuild local infrastructure. Watch the full documentary for free – https://sub.media/video/trouble-7-no-…


Will China Bring an Energy-Debt Crisis?

Will China Bring an Energy-Debt Crisis? thumbnail

It is easy for those of us in the West to overlook how important China has become to the world economy, and also the limits it is reaching. The two big areas in which China seems to be reaching limits are energy production and debt. Reaching either of these limits could eventually cause a collapse. […]


Crude: The Saudi shake down

Crude: The Saudi shake down thumbnail

It seems the move by Saudi Arabia’s Crown Prince Mohammed bin Salman to arrest members of the royal family and their business associates in a corruption crackdown is proving to be wildly popular among the Saudis young population. Yet, at the same time, it is adding a new sense of an oil price risk against […]


The Inside Story Of The Saudi Night Of The Long Knives

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Princes, ministers and a billionaire are ‘imprisoned‘ in the Riyadh Ritz-Carlton while the Saudi Arabian Army is said to be in an uproar… The House of Saud’s King Salman devises a high-powered “anti-corruption” commission and appoints his son, Crown Prince Mohammad Bin Salman, a.k.a. MBS, as chairman. Right on cue, the commission detains 11 House […]


Bob Lutz: Kiss the good times goodbye

Bob Lutz: Kiss the good times goodbye thumbnail

It saddens me to say it, but we are approaching the end of the automotive era. The auto industry is on an accelerating change curve. For hundreds of years, the horse was the prime mover of humans and for the past 120 years it has been the automobile. Now we are approaching the end of […]


A Sixth Extinction—fair warning or fake news?

A Sixth Extinction—fair warning or fake news? thumbnail

A new National Academy of Sciences study concludes the planet is facing a real threat of “biological annihilation.” The scientists who carried out the research call the decimation of the world’s large mam- mals a “global epidemic” and say the rate of decline is accelerating. Up to 50 percent of all individual ani- mals have […]


Norway’s Oil Sector Faces Existential Crisis

Norway’s Oil Sector Faces Existential Crisis thumbnail

Exploration activity in the North Sea – the most mature area of Western Europe’s biggest oil producer – is at an 11-year low this year, which is a concern for the industry’s regulator, the Norwegian Petroleum Directorate (NPD). “That worries me,” NPD Director General Bente Nyland told Bloomberg in a recent interview, voicing the industry […]


The Future Of Crude Oil

The Future Of Crude Oil thumbnail

Summary In the long term Electric Vehicles will impact the price of crude oil but it’s unlikely to hit rock bottom as is popularly believed. Estimates of the time required for Electric vehicles to achieve cost parity with traditional cars are probably underestimated. In the short term a tug of war between Saudi Arabia and […]


The US Over-Supply Of Oil Is Ending

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Shutterstock The U.S. over-supply of oil is ending. Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3 years (Figure 1). Figure 1. The U.S. Over-Supply of Oil is Ending. Source: EIA and Labyrinth Consulting […]


Fusing Heavy Quarks Can Produce 10 Times More Energy Than Nuclear Fusion

Fusing Heavy Quarks Can Produce 10 Times More Energy Than Nuclear Fusion thumbnail

assive amount of energy that can spill out into the universe. The fusion of two bottom quarks will produce 138 megaelectronvolts (MeV), which is eight times more powerful than individual nuclear fusion events inside a hydrogen bomb. Is There Reason To Worry About Threats From A Quark Bomb? Researchers, however, said that this kind of […]


Saudi Arabia Says Lebanon Declared War

Saudi Arabia Says Lebanon Declared War thumbnail

As expected, Saudi Arabia has cast itself as the victim of external Shia plotting after its internal weekend of chaos which included a missile attack from Yemen, the deaths of two princes and other high officials within a mere 24 hours, and an aggressive crackdown against dissent in the royal family which saw close to a […]


Exxon Dedicates New Funding to Green Energy

Exxon Dedicates New Funding to Green Energy thumbnail

When most people think of green energy supporters, fossil fuel companies rarely spring to mind. It is no secret that there is huge money in oil, and coupled with its complex role in international politics, few are surprised by the desire of energy companies to maintain the status quo. However, warnings regarding climate change and […]


Saudi Banks Begin Freezing Accounts Of Arrested Royals, Private Jets Grounded

Saudi Banks Begin Freezing Accounts Of Arrested Royals, Private Jets Grounded thumbnail

Two days after the most stunning purge in recent Saudi history, the so-called “anti-corruption probe” – which was really a countercoup – that led to the arrest of dozens of Saudi Arabian royals, ministers and businessmen allowing Mohammed to further cement control over the Kingdom, appeared to be widening on Monday when, as Reuters reports, […]


Kunstler: What Could Go Wrong?

Kunstler: What Could Go Wrong? thumbnail

Everybody and his uncle, and his uncle’s mother’s uncle, believes that the stock markets will be zooming to new record highs this week, and probably so, because it is the time of year to fatten up, just as the Thanksgiving turkeys are happily fattening up — prior to their mass slaughter. President Trump’s new Federal […]


The Central Bank Bubble: How Will It Burst?

The Central Bank Bubble: How Will It Burst? thumbnail

Alberto Gallo of Algebris Investments steps up to take his shot at the $64,000 (more like trillion) question in a report published this week “The Central Bank Bubble: How Will It Burst?” Gallo manages the Algebris Macro Credit Fund described as “an unconstrained strategy investing across global bond and credit markets, and with lead responsibility […]


Saudi Arabia is building a $7 billion city on the sand — here’s what it will look like

Saudi Arabia is building a $7 billion city on the sand — here’s what it will look like thumbnail

Knowledge Economic City Company Saudi Arabia is the world’s largest oil exporter, but falling oil prices have hurt the economy and made it harder for the country to pay its oil workers. To give its economy a boost, the Saudi Arabian government has been working in recent years to transform hundreds of square miles of desert into new cities that create jobs and […]


Oil Price Expected to Remain Steady Despite Shock Arrests in Saudi Arabia

Oil Price Expected to Remain Steady Despite Shock Arrests in Saudi Arabia thumbnail

The market for oil, Saudi Arabia’s most lucrative export, is unlikely to be affected by the arrest of dozens of former Saudi state officials and at least 11 Saudi princes in an anti-corruption drive, financial analysts have said. On Sunday, it was reported that 11 Saudi princes, four incumbent ministers of the Saudi government and dozens […]


‘End of oil’ narratives are misleading — global oil demand will remain at 90 million bpd

‘End of oil’ narratives are misleading — global oil demand will remain at 90 million bpd thumbnail

The world isn’t reinventing the wheel. But we’re changing how it turns, who it carries and where it’s going. Over the next few decades we’ll be plugging in more cars, hailing and sharing them, and reminiscing about the good ol’ days of the steering wheel. To be sure, these looming mobility changes are all exciting […]


Missile intercepted near Riyadh

Missile intercepted near Riyadh thumbnail

Saudi Arabia says it has intercepted a ballistic missile fired from Yemen, after a loud explosion was heard near Riyadh airport on Saturday evening. The missile was destroyed over the capital and fragments landed in the airport area, officials quoted by the official Saudi Press Agency said. A TV channel linked to Houthi rebels in […]


Pemex makes Mexico’s biggest onshore oil find in 15 years

Pemex makes Mexico’s biggest onshore oil find in 15 years thumbnail

Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Friday. Tanker trucks of state-owned company Petroleos Mexicanos (PEMEX) are seen in Ciudad Juarez, Mexico October 4, 2017. REUTERS/Jose Luis Gonzalez Pena Nieto said Pemex […]


Russia Oil Market Overview

Russia Oil Market Overview thumbnail

Russia is the world’s largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. Russia’s economy is highly dependent on its hydrocarbons, and oil and natural gas revenues account for more than one-third of the federal budget revenues. Russia is a major […]


Will The Third Great Energy Revolution End The Oil & Gas Industry?

Will The Third Great Energy Revolution End The Oil & Gas Industry? thumbnail

The history of crude oil and natural gas is a history of technological innovation. Until recently the innovation supported crude oil and natural gas. Now, it challenges it, causing structural changes in the crude oil and natural gas markets. Originally, crude oil was only used for lighting. This changed following the invention of the internal […]


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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