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Page added on June 13, 2017

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Peak Oil? What Peak Oil?

Peak Oil? What Peak Oil? thumbnail

Look At What Statoil Is Doing — Look At What Iraq Is Doiing — June 13, 2017

Active rigs:

$45.93 6/13/2017 06/13/2016 06/13/2015 06/13/2014 06/13/2013
Active Rigs 53 28 75 185 185

RBN Energy: the series continues — Appalachia gas supply vs takeaway capacity.

Bakken takeaway: pipelines can now handle all of the current Bakken crude oil output. But that doesn’t mean the complete end of CBR.

Another DAPL? TransCanada (think Keystone XL) asked US State Dept to pause its review of an oil pipeline that would originate in northwest North Dakota and carry oil to Canada. Data points, from The Bismarck Tribune:

  • Upland Pipeline
  • would originate 15 miles southwest of Williston
  • 126 miles in North Dakota; crossing border near Flaxton, ND
  • would carry Bakken crude ot Canadian markets, as well as the US East Coast
  • would connect with TransCanada’s Energy East Pipeline
  • pause requested to put review in sync with Canada’s review of TransCanada’s proposed Energy East Pipeline System

Under-the-water minerals: ND attorney general “the new law” doesn’t apply to contested minerals west of the US Highway 85 bridge, known as the Wilkinson case; McKenzie County Farmer.

**************************
Many, Many Stories Today — Quickly

Saudis miffed: OPEC oil output jumps 336,000 bopd in May on increases in Libya, Nigeria, and Iraq. This may or may not have been a surprise to those watching this but it is not helping OPEC / non-OPEC attempt to re-balance. Add this to the increase in US production.

On the other hand, from Reuters: signs of US inventory declines, lower Saudi exports. Data points:

  • Saudi Arabia says it will cut crude oil allocations to Asia in July by 300,000 bopd (compare with previous story)
  • deeper cuts than the cuts in June
  • sources said volumes to the US would be cut by about 35% in July
  • Genscape forecasts a draw of more than 1.8 million bbls at the Cushing
  • analysts suggested last week’s 5% plunge in oil prices was excessive; the build of 3.3 million bbls last week was an anomaly

This will be very, very interesting to follow. We’ll know a bit more tomorrow.

Peak oil? What peak oil? From Reuters via Rigzone — Statoil plans to more than triple its production in Brazil; wants to become sole operator for the entire Carcara discovery (among the world’s biggest in recent years)

  • Statoil has invested more than $10 billion in Brazil
  • Statoil: largest foreign offshore operator
  • Peregrino heavy oilfield 85 km off the coast of Rio de Janeiro is the biggest Statoil opperates outside Norway
  • Peregrino: producing 90,000 bopd; Statoil accounts for 60% of that
  • by 2030, Statoil’s production from the field expected to more than triple
  • phase 2 development is expected to add 250 million bbls of reserves at a break-even price of below $45 a barrel, down from an estimate of $70/bbl

TSLA: increasing chatter that Tesla will miss its self-imposed deadline to ramp up in July. Shares up almost $8 in pre-market trading.

themilliondollarway


45 Comments on "Peak Oil? What Peak Oil?"

  1. Anonymous on Tue, 13th Jun 2017 7:33 pm 

    Not a good day for peak oil. Time to go read some old TOD articles. Have to brush away the cobwebs to get at them.

  2. Anonymouse on Tue, 13th Jun 2017 7:41 pm 

    Nony loves his straw-men, and his straw-blogs.

  3. Rick Bronson on Tue, 13th Jun 2017 9:58 pm 

    BP Stats on World Energy Production.

    Out of the 50 countries reported, 31 suffered decreases in Oil production
    with US production going down by 4.2%. Much of the increase came from Saudi Arabia.

    Oil production increased by only 0.3% while consumption increased by 1.5% (Consumption is higher because Biofuels and Natgas used in blending is included in Oil). This is despite the fact that the vehicle sales surging to new heights.

    World energy consumption increased by only 1% compared to 10 year average of 1.8%. Efficiency gains are becoming significant factor.

    Share of Renewable energy excluding Hydro increased from 2.8% to 3.2% and including Hydro increased from 9.5% to 10.1. Installed capacity of Solar crossed 300 GW mark while Wind is closing towards 500 GW mark.

    But this stats excludes energy from non traded sources like
    Solar thermal heating & drying.
    Biomass for cooking & heating at residential level.

    Above all, the power generation from direct sources like Hydro, Wind & Solar is converted to Million Tons Oil Equivalent at 38% conversion factor and this is a very skewed crooked stats.

    This will be applicable only when a thermal fuel like Coal, Oil or Gas is burnt for heating/melting/cooking where nearly 90% – 99% of the heat energy is directly used.
    But in a thermal power plant, only 38% of the heat energy from this fuel is converted to electricity with the remaining 62% goes waste.

    Even worse is when Oil is used in a vehicle, its conversion efficiency is only 20% to 25% and the remaining 75% to 80% of its thermal energy goes waste.

    BP does all these crooks to show that Fossil fuels supply 85% of the World energy when in reality, its share is down to 75% based on the stats from ren21.net

  4. Rockman on Tue, 13th Jun 2017 10:25 pm 

    “Not a good day for peak oil.” True. Just as it won’t be a good day when global peak oil happens. Whatever relatively unimportant date that happens to be. In the mean time the POD will bring sad and happy times for the global economy…just as it has from time to time over the past 100+ years.

  5. makati1 on Tue, 13th Jun 2017 10:53 pm 

    There is ONE stat never mentioned: Peak NET USABLE ENERGY from the oil recovered. What is the NET USABLE ENERGY equivalent of the total barrels recovered today VS the NET USABLE ENERGY EQUIVALENT of the total barrels recovered in say, 2007? I suspect that the total NET USABLE ENERGY peaked even before 2007. Maybe as long as 20-30 years ago. Anyone have any stats on that?

    The market price is NOT relevant without the quantity of usable energy in that barrel being stated. Is your $45 buying beer or high grade whiskey? That is why I seldom comment on oily articles. ALL obfuscating* bullshit to keep the stupid investors on board the sinking ship.

    *obfuscate: to be evasive, unclear, or confusing M/W

  6. Cloggie on Wed, 14th Jun 2017 1:14 am 

    There is enough fossil fuel left for another few decades and bridge the energy transition. Wind and solar technology exist and are continuously improved against ever lower cost.

    Wind power will increasingly be generated at sea where higher wind speeds prevail.

    The remaining challenge is storage, but many possible solutions exist:

    https://deepresource.wordpress.com/2017/06/11/unconventional-pumped-hydro-storage/

    https://deepresource.wordpress.com/2017/04/08/ammonia-as-storage-medium/

    https://deepresource.wordpress.com/2017/06/04/ifbattery-instantaneous-recharging-a-battery/

    https://deepresource.wordpress.com/2017/05/28/daimler-to-build-giant-battery-factory-in-germany/

    https://deepresource.wordpress.com/2017/04/08/ricas-2020-compressed-air-storage/

    …and the list goes on and on.

  7. makati1 on Wed, 14th Jun 2017 3:43 am 

    Cloggie, I agree that there is a lot of oil left, but most of it will never be recovered. You ignore the fact that it is getting too expensive for the plebs to buy. And, if the price goes down, the oily corporations go bankrupt and the flow ends. So many ignore the economic part of the oily picture and it it the most limiting of any stats. Billions of barrels will never be recovered. And the ‘renewables’ will never get built out. The collapsing economy will guarantee that.

  8. Cloggie on Wed, 14th Jun 2017 4:17 am 

    You ignore the fact that it is getting too expensive for the plebs to buy.

    When is that going to happen?

    http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=10y

    The collapsing economy will guarantee that.

    Who guarantees a “collapsing economy”?

    You have bought the 2005-Heinberg/ASPO story, but failed to update your views when new fossil fuel extracting methods where applied, making the old Heinberg collapse story obsolete.

    That’s not to say that living in cheap Manila with nice climate is a bad idea for an American expat with pension dollars, but the collapse narrative no longer justifies that move, ignoring the strictly US “Fourth Turning” collapse possibility, resulting from civil war between white 1776-2.0 Heartland deplorables and the Washington (((deep state))) backed NWO commies.

    Just like you I believed the Heinberg collapse narrative when I joined this form in January 2012. But 12 months later, in no small measure thanks to the info from Rockman, I had to update my collapse views and arrived at a little more relaxed “we’re going to achieve the transition” state of mind.

  9. makati1 on Wed, 14th Jun 2017 4:55 am 

    Cloggie, pleading ignorance of the facts does not change them. The price of oil is already crippling the Western economies and it will only get worse. As for the collapsing economy, you obviously are in deep denial or else you avoid any news that might show the Western economy is already collapsing. That collapse will speed up until it takes down the entire system. Or close enough that there will be no “recovery” or transition.

    I don’t need anyone to tell me what is happening in the world. I have the experience and ability to see it for myself. Perhaps you do not, although you claim to be about my age. Don’t you see what is happening in Europe? In America? In Japan? Slow collapse that is gaining speed.

    As for my choice of a place to watch the show unfold, yes, I like it here in the Ps for a lot of reasons, some of which you mention. I also now live in a country that manages on 2 cups of oil per capita per day, not the U$ that needs 20 times that to survive. I don’t bother with Europe’s needs as that does not affect my life. I only watch the show there for entertainment.

    “I had to update my collapse views and arrived at a little more relaxed “we’re going to achieve the transition” state of mind.”

    In other words, you decided the stress of reality was too much so you went into a denial mentality. So sad.

  10. Cloggie on Wed, 14th Jun 2017 5:56 am 

    The price of oil is already crippling the Western economies and it will only get worse. As for the collapsing economy, you obviously are in deep denial or else you avoid any news that might show the Western economy is already collapsing.

    We have no “crippled economy” in Europe, let alone a “collapsing economy”, it is all BS. In fact the economy is picking up steam:

    https://www.weforum.org/agenda/2016/02/europe-s-10-fastest-growing-economies/

    http://www.politico.eu/article/psst-europes-economy-is-doing-well/
    “Psst, Europe’s economy is doing well”

    http://www.spiegel.de/spiegel/globalisierung-europa-hat-die-aussicht-auf-ein-goldenes-jahrzehnt-a-1151389.html
    “BlackRock: Europe can expect golden decade”

    In other words, you decided the stress of reality was too much so you went into a denial mentality. So sad.

    More collapsenik rubbish, you’re putting words in my mouth. I had internalized the Heinberg collapse story, that is I could very well “accept the stress”, until I understood that Heinberg simply hadn’t done his homework. For him peak oil was in reality a political-ecological program.

    Get real makati, you are like one of those Japanese soldiers, hiding out in the jungle of the Philippines, who were told in 1974 that WW2 had ended 29 years ago.

    https://en.wikipedia.org/wiki/Hiroo_Onoda

  11. makati1 on Wed, 14th Jun 2017 6:09 am 

    Denial, Cloggie. Deep denial. Try reading the real news on some sites NOT supported by the U$ MSM and it’s EU lapdogs.

  12. Cloggie on Wed, 14th Jun 2017 6:13 am 

    Give me the link to a “real news site” showing that the European economy is “collapsing” or “is cripled”.

    You can’t.

  13. GregT on Wed, 14th Jun 2017 9:48 am 

    https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-forecasts/winter-2017-economic-forecast_en

    “Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty.

    “The European Commission expects euro area GDP growth of 1.6% in 2017 and 1.8% in 2018.”

    You might consider 1.6% growth to be stellar Cloggie, but others would consider it to be anemic, or to put it in your words, “crippled”

    Domestic demand to remain the backbone of economic growth

    “Private consumption is set to remain the main growth driver, supported by sustained improvements in employment and a rise in nominal wage growth. However, with inflation rising and limiting the growth of household purchasing power this year and next, private consumption growth is expected to slow.”

    So if private consumption is the backbone of economic growth, and private consumption is expected to slow, what does the above statement really say?

    “Investment is set to continue growing but only moderately, supported by a number of factors such as very low financing costs and strengthening global activity. ”
    “This persistent weakness in investment casts doubt over the sustainability of the recovery and the economy’s potential growth.”

    More double speak Cloggie.

    Further employment growth helps to lower unemployment

    “The economic recovery continues to have strong positive effects on labour markets, following extensive structural reforms in several Member States. Employment growth is projected to remain relatively solid, albeit slightly less dynamic in 2017 and 2018 than last year.”
    “These are the lowest unemployment figures since 2009 but remain above pre-crisis levels.”

    So if unemployment figures remain above “pre-crisis levels”, does that not mean that the crisis still remains?

  14. Cloggie on Wed, 14th Jun 2017 10:18 am 

    You might consider 1.6% growth to be stellar Cloggie, but others would consider it to be anemic, or to put it in your words, “crippled”

    Grownups grow slower than babies. And don’t put words in my mouths like “stellar” that I never used.

    But growth of 1.6-1.8.% is not “crippled”, let alone “collapsing”, not even if you interject the word “anemic” in order to create for yourself a bridge towards “crippled”. Especially Germany, the Netherlands, Poland, Sweden, Denmark and a few more are near booming levels. Germany and Holland are scoring insane export surpluses and government surpluses. You really have to dig deep to find statements like “casts doubt over the sustainability of the recovery”. As your EU link admits, we have a recovery. We’ll see if it lasts.

    So if unemployment figures remain above “pre-crisis levels”, does that not mean that the crisis still remains?

    No, it doesn’t. The crisis referred to obviously is the Lehman collapse, bad US debt papers, a lot of them sold abroad. That has now been overcome, at least in Europe.

    Unless somebody starts a war, I’m betting on a golden decade for Europe:

    https://www.bloomberg.com/news/videos/2017-05-25/hildebrand-sees-possible-golden-decade-in-europe-video

    Assad now has nearly defeated the ISIS thugs, the EU is scared of its own populists and is busy striking deals with the governments of Libya and Egypt that they keep their migrants to themselves in return for a few billion euro. So yes, many lights are on green now in Europe.

  15. GregT on Wed, 14th Jun 2017 10:43 am 

    “And don’t put words in my mouths like “stellar” that I never used.”

    “You might consider 1.6% growth to be stellar Cloggie”

    I didn’t.

    “As your EU link admits, we have a recovery. We’ll see if it lasts.”

    “This persistent weakness in investment casts doubt over the sustainability of the recovery”

    The world’s economies have not recovered from the global financial crisis, or you wouldn’t be hearing all about ‘the recovery’ a decade later. In other words, the global financial crisis still remains.

    “The crisis referred to obviously is the Lehman collapse, bad US debt papers, a lot of them sold abroad. That has now been overcome, at least in Europe.”

    The official conspiracy theory, which of course completely ignores the fact that primary energy costs soared to ~700% of an entire century’s worth of prices in inflation adjusted dollars during non-recessionary periods, and they still remain at ~200% above normal today. I might add, if oil prices were still in the low 20s/bbl, alternate energy would be dead in the wind/sun/water.

  16. joe on Wed, 14th Jun 2017 10:53 am 

    Cloggie accepts that GDP is a measure of econonic size indeed he’s accurate, but what’s in the gdp measure?
    http://www.dailymail.co.uk/news/article-2888416/Who-said-crime-doesn-t-pay-Counting-prostitution-drugs-GDP-figure-seen-UK-s-economy-overtake-France-fifth-largest-world.html

    The system is based on services, they a impermanent and not of any real value.

  17. GregT on Wed, 14th Jun 2017 10:59 am 

    “The crisis referred to obviously is the Lehman collapse, bad US debt papers, a lot of them sold abroad. That has now been overcome, at least in Europe.”\

    I don’t have the time this morning to search for more recent stats, but if your above assertion was correct then how would you explain this:

    “Global debt has grown by $57 trillion to reach $199 trillion in the seven years following the financial crisis – a 40.1% rise, according to a new report. All major economies are now recording higher levels of borrowing relative to gross domestic product (GDP) than they did in 2007.”

    That would be to 2015, and that debt bomb continues to grow exponentially.

    https://www.theguardian.com/news/datablog/2015/feb/05/global-debt-has-grown-by-57-trillion-in-seven-years-following-the-financial-crisis

  18. Apneaman on Wed, 14th Jun 2017 11:41 am 

    Greg, why all that debt? What could it possibly be papering over?

    Long-run evolution of the global economy: 1. Physical basis

    “This paper shows that the key components that determine whether civilization “innovates” itself toward faster economic growth include energy reserve discovery, improvements to human and infrastructure longevity, and reductions in the amount of energy required to extract raw materials. Growth slows due to a combination of prior growth, energy reserve depletion, and a “fraying” of civilization networks due to natural disasters. Theoretical and numerical arguments suggest that when growth rates approach zero, civilization becomes fragile to such externalities as natural disasters, and the risk is for an accelerating collapse..”

    http://onlinelibrary.wiley.com/doi/10.1002/2013EF000171/full

    The humans are little thermodynamic puppets and their lives and civilization operate under the dictates of the MPP. The latest round of papering over declining net energy is yet a decade old and look at the increase in the rate of debt acclamation. In the US the I think the national Debt doubled under manager Obama who started his run right when the last crash happened. Papered over. All this debt reminds me of those Albert Bartlett videos. If one listens to most cornucopian arguments these days they have been reduces to “it hasn’t imploded”. Debt and declining net energy and a mass decline in standard of living don’t count. LOOK! LOOK! at these barrel count numbers and LOOK! at these government job and GDP numbers and DON’T LOOK at anything else like declining life expectancy and growing homelessness and a hundred other signs you can see with your own eyes by going for a walk or a drive.

    “growth rates approach zero” – fire up the printing presses for another round of QE.

  19. GregT on Wed, 14th Jun 2017 12:03 pm 

    “The latest round of papering over declining net energy is yet a decade old and look at the increase in the rate of debt acclamation.”

    Amazing how something so blatantly obvious continues to be ignored, and denied, by so many.

  20. Cloggie on Wed, 14th Jun 2017 12:33 pm 

    “Global debt has grown by $57 trillion to reach $199 trillion in the seven years following the financial crisis – a 40.1% rise, according to a new report. All major economies are now recording higher levels of borrowing relative to gross domestic product (GDP) than they did in 2007.”

    Have look at this:

    http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=teina225&plugin=1

    It is absolutely true that after Lehman in Europe public debt increased, but since 2014 it is going down again (in Europe). Thanks to the austerity policies of Merkel. Did she do something good after all.

  21. GregT on Wed, 14th Jun 2017 1:23 pm 

    Debt as a percentage of GDP Cloggie, which according to this: http://www.debtclocks.eu/public-debt-and-budget-deficits-comparison-of-the-eu-member-states.html , still continues to grow.

    Somewhat meaningless and highly misleading, however, considering how the metics for the determination of GDP have been continually skewed. GDP is not a reliable indicator of the economic wellbeing of a society. In many cases, exactly the opposite.

  22. Cloggie on Wed, 14th Jun 2017 1:29 pm 

    I stared at the content behind your link for a while but it also displayed a debt DECREASE, at least for EU average and Holland.

  23. Apneaman on Wed, 14th Jun 2017 2:08 pm 

    Austerity policies are mostly for those who are the least responsible for the debt bomb and have benefited the least from it’s creation. Same as it ever was.

    The Old Are Eating the Young
    Around the world, a generational divide is worsening.

    https://www.bloomberg.com/view/articles/2017-06-13/the-old-are-eating-the-young

    The biggest beneficiaries of austerity policies, 1% and managerial class, love this generational conflict. It’s more divide and rule. All these so called populist politicians say everything the angry (mostly) white people want to here, get elected and nothing changes. The money still continues to flow to the wealthy and corporations. The only change is that now more right leaning/talking billionaires are the most favored. None of it helps the plebs and what remains of their benefits continues to get hollowed out, but you still have to pay the tax. More than ever when you add up all the hidden taxes, fines, fees etc. Watch any MSM TV, or clog, and it’s all about inter elite competition. The Big Club members are exclusivity concerned with their positions within the Big Club hierarchy and the rest of us don’t count. You and your family don’t matter to any of them. The words that come from their mouths do not match their actions, yet the docile plebs are still fighting among themselves playing ‘my dad’s better than your dad’. Your daddy don’t give a fuck about you. Dumb social apes and their peculiar group dynamics.

    Inter elite scrapping seems to be a regular feature in late stage collapsing societies. I don’t buy into the 4th turning “prophecy”, but if one is interested in looking at patterns in societies, I would go with Peter Turchin.

    “Peter Turchin is a scientist and an author who wants to understand how human societies evolve, and why we see such a staggering degree of inequality in economic performance and effectiveness of governance among nations (see Research Interests). Peter’s approach to answering these questions blends theory building with the analysis of data. He is the founder of a new transdisciplinary field of Cliodynamics, which uses the tools of complexity science and cultural evolution to study the dynamics of historical empires and modern nation-states.”

    http://peterturchin.com/

    Peter Turchin: How ‘elite overproduction’ and ‘lawyer glut’ could ruin the U.S.

    “Every year U.S. law schools churn out about 25,000 “surplus” lawyers, many of whom are in debt. A large number hope to enter politics.”

    http://news.nationalpost.com/opinion/peter-turchin-how-elite-overproduction-and-lawyer-glut-could-ruin-the-u-s

    Kuntsler is right in that everything is a racket whose main purpose is to suck you dry so they can maintain their social and economic positions – nothing personal. This goes for all the bloated gov bureaucracies and institutions including the military and security state. Investigate the details of that Ferguson black lives deal. What and how the local PTB did/do to fund their positions and pensions. This has been going on for some time now and is happening at every level. They are no different then a cartel or corporation looking out for themselves. Again the papering over with debt is unraveling and their behaviour is expected and has been seen before from bureaucracies in collapsing societies with dwindling tax bases.

  24. GregT on Wed, 14th Jun 2017 2:30 pm 

    “I stared at the content behind your link for a while but it also displayed a debt DECREASE, at least for EU average and Holland.”

    Sorry, I stand corrected. Still a percentage of GDP, however. Which means next to nothing. GDP is not reliable indicator of economic wellbeing, and overall debt continues to grow.

    http://www.nationaldebtclocks.org/debtclock/netherlands

  25. GregT on Wed, 14th Jun 2017 2:49 pm 

    BTW Cloggie, the entire race war thing is a distraction to keep the masses from understanding that the NWO will be ushered in by economic means. Divide and conquer. The oldest strategy in the book.

  26. GregT on Wed, 14th Jun 2017 2:51 pm 

    What easier way to bring entire nations to their knees? The Euro being a great start.

  27. Cloggie on Wed, 14th Jun 2017 3:41 pm 

    BTW Cloggie, the entire race war thing is a distraction to keep the masses from understanding that the NWO will be ushered in by economic means. Divide and conquer. The oldest strategy in the book.

    There is not going to be a “race war”. It will be a conflict between left and right, between the “Constitutionalists” and the “Globalists”.

    The Constitutionalists will indeed be predominantly white, but a few token blacks willing to wear a “1776” t-shirt will be found to appear in front of the camera just to make the point that the Constitutionalists “aint no racists”.

    The aim of the globalists is to keep the country together, with the (((deep state))) in place and continue to attempt to set up global government.

    The Constitutionalists want an end to globalism and exceptionalism and become a normal country. “American First” rather than “One World” with America in the middle. The aim will be to split up the country to get rid of Washington, just like the Bosnian Muslims wanted to get rid of Belgrade via secession.

    I think you overestimate the NWO. They are since November with the back against the wall. They have zero grip over China, Russia, Iran and India. Populism is rising in Europe. They temporarily (?) lost control over the US presidency.

    https://www.youtube.com/watch?v=ZYx6denNAFo

    Their media are neutralized and mocked at via the internet. The US/UK lost the war in Syria they instigated. We are moving towards a multi-polar world and nobody gives a f* what George Soros might think of that. These folks are soooo 20th century anyway.

  28. makati1 on Wed, 14th Jun 2017 6:25 pm 

    GregT, Cloggie is in denial. He doesn’t want to be rational or entertain real facts. He might be related to another flag waving poster here who is of like mind.

    You seem to understand that a real shooting war between the major countries is the last thing the elite want. They prefer to win by economic and cyber means that will not destroy their wealth and power. That requires the Euro and the Dollar to be on the level with the Yuan and Yen, and average incomes to be similar all over the world. Those with the most to lose, America and Europe, don’t want to hear it, but it is obvious if you step back and look at the big stricture and how it has been developing for the last 30 years, or so.

    And, yes, GDP is meaningless. Almost every country in the world is juggling numbers to cover their decline. It ranks right up there with the U$ unemployment figures and the U$ budget. All fake. As is the contrived ‘news’ that distracts the masses from the rape they are experiencing at the hands of their own governments. Interesting times.

  29. GregT on Wed, 14th Jun 2017 6:32 pm 

    Separate nations under one monetary system, and under one governing body. The UN. Sound familiar?

    “When we are successful, and we will be, we have a real chance at this New World Order. An order in which a credible United Nations can use it’s peace keeping role to fulfill the promise and vision of the UN’s founders.” – George Bush

    “They” already have “their” European union, and judging from recent election results, it isn’t going away any time soon. The far right isn’t winning the battle Cloggie.

  30. makati1 on Wed, 14th Jun 2017 7:15 pm 

    The EU is breaking up. One look at the news headlines of the last few weeks is proof. Today, they (EU) are suing three sovereign countries for being, well, sovereign countries.

    http://www.zerohedge.com/news/2017-06-14/eu-sues-poland-hungary-and-czech-republic-refusing-accept-refugees

    “The reason for Brussels’ ire is that the eurosceptic governments in Poland and Hungary refused to take in anyone under a plan agreed by a majority of EU leaders in 2015 to relocate migrants from front line states Italy and Greece to help ease their burden. The Czech Republic initially accepted 12 people but has since said it would not welcome more. It is perhaps worth noting that the three countries are among the very few who have had virtually no terrorist attacks in the past two years.”

    Note the last sentence. “No terrorist attacks in the last two years”. That frustrates the plans of TPTB and cannot be allowed to continue.

    “At stake in the dispute is the bloc’s unity, already tested by Britain’s unprecedented decision to leave, weak economies and higher support for eurosceptic parties across the EU.”

    Breaking up is in the works.

  31. Harquebus on Wed, 14th Jun 2017 7:40 pm 

    “Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?”
    http://theeconomiccollapseblog.com/archives/the-next-financial-crisis-has-already-arrived-in-europe-and-people-are-starting-to-freak-out

    Europe is enmeshed in an economic crisis brought on by the structure of the European Union on one hand and the nature of capitalism on the other.”
    https://www.opednews.com/articles/The-Long-Term-Threat-to-Eu-by-Conn-Hallinan-Austerity_Capitalism_Debt_European-Union-170613-665.html

  32. Cloggie on Thu, 15th Jun 2017 5:04 am 

    “They” already have “their” European union, and judging from recent election results, it isn’t going away any time soon. The far right isn’t winning the battle Cloggie.

    All true. But as Paul Craig Roberts already said: this system can’t be changed via the ballot box. It will require a Fourth Turning, first in America, that is demographically totally screwed up and 10-15 years later in Europe. Excellent, gives us our needed “Golden Decade” to build a huge EU army with the capability to intervene in the US first and in Europe itself next.

    Btw the political right is already in power in Russia and Eastern Europe. The fools from Brussels try to multiculturalize Eastern Europe…

    https://www.theguardian.com/world/2017/jun/13/eu-takes-action-against-eastern-states-for-refusing-to-take-refugees

    …but they will fail. Eastern Europe only needs to threaten with a Brexit of their own or decide on anti-Merkel counter-measures, like an import-stop on German cars or other produce, if the EU stops payments to Eastern-Europe. Eastern-Europe did not abandon the USSR in 1989 in order to park itself in a new one. Yesterday Ukrainians can now freely move into Europe without visa. But what the EU really did was importing yet another 45 million of VERY right-wing people into their precious human rights club, who couldn’t care less about the sinister population replacement schemes, on order of the (((US deep state))):

    https://www.youtube.com/watch?v=-Inu_-0dcSU

    Nevertheless, Eastern Europe is NOT Euro-skeptic. This is not 1939 anymore. Our demographics are bad (because of feminism) and there are huge threats that didn’t exist in 1939, like the rise of the Muslim world, rapidly growing African population numbers, that want to overrun us if they get the chance, but most of all the rise of China. And everybody is aware of that. This is not about destroying the European political roof, but about a struggle of how Europe should look like in the future, after the upcoming end of the American Era.

    Yes the US (((deep state))) has declared Merkel now the “leader of the free world”, but she is shying away from that role. She knows very well how much she is hated in Germany itself.

    http://www.independent.co.uk/voices/angela-merkel-donald-trump-democracy-freedom-of-press-a7556986.html

    In the end the EU will probably end and replaced by its final model after a long range of transformation since the fifties; EGKS –> EEC –> EC –> EU –> “Europe of the Fatherlands”/Paris-Berlin-Moscow/Euro-Siberian confederation.

    “Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?”

    They have been swallowed by another Spanish bank. Happens all the time. Yawn.

  33. Davy on Thu, 15th Jun 2017 6:03 am 

    Geeze, clog, you need to look in the mirror and see your Euro facial warts. Europe is a basket case and far too weak to ever break out and decouple from the global decline dynamics. It is too fractured and exposed to other fractures. It is an unrealized union stuck in the purgatory of indecision with real hell just below and a fantasy heaven above. You also show how extreme you are with your “Europe of the Fatherlands”/Paris-Berlin-Moscow/Euro-Siberian confederation”. LMFAO “double time”. What a friggen joke. All you have is this extreme hype of the American decline via the fourth turning as your support for this Euro empire fatherland of white supremist breaking out in a 21st century transcendence.

    Europe is imploding financially as we speak. Europe is a tail being wagged by both China and the US. Europe is not a self-contained powerhouse. China and the US are wagging the world economically and your fatherland is just a “kinderland” to these great power’s ambitions. Your army is inept and your culture is in decay. I agree with many of your assertions on the decline of the American empire and culture. No argument clog/makati with American decay. The argument is with the clog/makati mirror.

    I am not an extremist in denial like you. It is easy for me to haze you guys because I can haze myself. You and your extremist buddy makati can’t haze yourself. It is those who can laugh at themselves that are the best at laughing at others. This is a comedy that is tragic. You on the other hand are all positive drama with happy endings. You are so human and predictable. Your drama is a story and that story is extreme with hype. It is not realized nor will it be for many years if ever. It is just a figment of your imagination at the moment and wonderful to poke holes in.

    Both you and makati suffer this condition. It must be part of being old and rut bound. You guys preach an agenda that is extreme and exceptional then you call people like me an exceptionalist. I am telling you now my world is collapsing. How is that exceptional? You call me exceptional because you can’t argue my message. So you try to shoot me down. You can’t shoot me down I am already falling right beside you.

    You can’t argue away that Europe’s financial situation is untenable. The news is out daily of your increasing problems. All you do is argue more extend and pretend of monetarization of debt and continued easing. Without growth and affluence your Europe will implode on itself as is happening now. This is a finite world these economic hat tricks just don’t keep working. Your northern Europe has bought huge amounts of southern European debt and it is a worthless piece of shit so your northern European balance sheet is a piece of shit. This same phenomenon is true in China and the US because the same failed Ponzi economics is happening in these places. Europe as something to brag about but no empire or superpower potential. When you argue this it makes you look ridiculous.

  34. Cloggie on Thu, 15th Jun 2017 6:22 am 

    Europe is imploding financially as we speak.

    Now for some real experts from the world’s largest capitalist money bag BlackRock:

    https://www.bloomberg.com/news/videos/2017-05-25/hildebrand-sees-possible-golden-decade-in-europe-video

    “Golden decade for Europe is next”

    We in Europe have the correct energy policy and are busy implementing it, you don’t, as you folks still want to dine out on old coal and gas glory.

    Europe is a basket case and far too weak to ever break out and decouple from the global decline dynamics.

    Strange that the French overwhelmingly reaffirmed their commitment to the European political project in the recent elections. Even Britain will probably not carry out its intended full Brexit, perhaps even no Brexit at all. Europe is not as fragile as you think it is.

    Germany has a larger export surplus than China, where the US only has giant deficits only. You can’t be a super-power with giant deficits and a half-way third world population, regardless of how hard you shout “racism”. The club with the most white people wins and that club is us, boohoo.

    https://s18.postimg.org/ieq72v70p/Charles_Murray.png

    http://www.medaltracker.eu/

    Furthermore, the US just lost the proxy war in Syria against Russia, a European country. Yet another important sign that the US is going downwards.

    India and Pakistan are just admitted to SCO. Bye-bye western global supremacy, good riddance to that. Multi-polar world is next, no the US NWO.

    But our European most important trump card over Washington is our demographics. We already have half of America in our pockets because they will choose “white lives” (with us)…

    https://s17.postimg.org/6wwnomfpb/worldmap.jpg

    … over “third world lives”, the sort of lives the US 1% has in store for them and that includes you, the “anti-racist” closet 1%-er, who revealed his true intentions in between all your green tree-hugger talk, by advocating that the US carriers should enforce “free shipping” in the South China Sea (for US carriers that is).

  35. Davy on Thu, 15th Jun 2017 7:07 am 

    “What is the sound I hear? Hot air blowing out of clogenfreude, the tulip twink? Yep! I can tell by the smell. LMAO.”
    “100% sneer, 0% substance.”

    More extremist self-praise pissing up a rope

  36. Davy on Thu, 15th Jun 2017 7:12 am 

    “A Replacement Of Population Is Taking Place In Europe”
    https://www.gatestoneinstitute.org/10525/europe-population-replacement

    This is a nice article for white supremist racist to chew on with wine and cheese in the local square as he punches away on his IPad with stories of the great American fourth turning civil war.

  37. Hello on Thu, 15th Jun 2017 7:12 am 

    >>>> Strange that the French overwhelmingly reaffirmed their commitment to the European political project

    Of course. They are indoctrinated with fear of economic hardship if they quit that God forsaken EU bullshit. German and french politicians follow their megalomaniac dream of a world empire while drooling over petty one-size-fits-all regulations. And the south is enjoying the ride without having to work. Why would they want to quit?

    Here is the EU required quality standard for bananas:
    http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CONSLEG:1994R2257:20060217:EN:PDF

  38. Hello on Thu, 15th Jun 2017 7:24 am 

    >>>The club with the most white people wins and that club is us, boohoo.

    Europe is not going to be white for very long, the way it’s going. A simple calculation can give you very good estimate of the future of europe. Not looking good.

    And as long as the economy flourishes and girls are pushed into college and professional careers, that ain’t going to change.

    BTW, it’s also not about “winning”. It’s about quality of life, which is individual.

  39. Cloggie on Thu, 15th Jun 2017 10:59 am 

    German and french politicians follow their megalomaniac dream of a world empire

    That’s not true, “world empire”.

    Europe is not going to be white for very long, the way it’s going. A simple calculation can give you very good estimate of the future of europe. Not looking good.

    Absolutely true, we are going to have our Fourth Turning too, but the Americans first, an interesting detail.

    And as long as the economy flourishes and girls are pushed into college and professional careers, that ain’t going to change.

    Indeed, if we are not going to criminalize feminism, we are finished.

    BTW, it’s also not about “winning”. It’s about quality of life, which is individual.

    Of course it is, exactly as Davy acknowledges:

    This is a nice article for white supremist racist to chew on with wine and cheese in the local square

    https://en.wikipedia.org/wiki/Mercer_Quality_of_Living_Survey

  40. Cloggie on Thu, 15th Jun 2017 11:17 am 

    This is a nice article for white supremist racist to chew on with wine and cheese in the local square as he punches away on his IPad with stories of the great American fourth turning civil war.

    I hope you realize that this Fourth Turning meme was invented by the brains behind the person currently occupying the White House and that YOU voted for him.

  41. Hello on Thu, 15th Jun 2017 11:38 am 

    >>>>> https://en.wikipedia.org/wiki/Mercer_Quality_of_Living_Survey

    Total BS. Again, they mistake quality of live with the amount of services and goods you can have within reach.

    I loath the days I have to go to Zürich (number 2 in your list). An overcrowded shit hole where you can buy every imaginable negro/raghead/yellowskin food you ever wanted. Not quality of life for me.

    You won’t have meaningful change yet a roaring economy. It’s as simple as that.
    A few years back they had a vote on limiting mass immigration in Switzerland do combat overpopulation of a small nation. Foul cried the industry, foul cried the economy professors and think tanks. And the little guys, afraid of any economic setback followed like lemmings.

  42. Hello on Thu, 15th Jun 2017 11:49 am 

    I’m stunned in amazement. An invasion with arms would be fought back fiercely in europe. Yet people are to blind to see the covert invasion in broad daylight.

    They let it happen, they let it happen to be invaded, replaced, thrown out, their own culture, removed. Amazing. And the few that care are labeled racist.

    It’s my only condolence that europe, you get what you deserve for utter stupidity. Enjoy.

  43. Cloggie on Thu, 15th Jun 2017 12:02 pm 

    I loath the days I have to go to Zürich (number 2 in your list). An overcrowded shit hole where you can buy every imaginable negro/raghead/yellowskin food you ever wanted. Not quality of life for me.

    Zuerich is still a heaven compared to other big cities. There are for instance no American cities on that list, for good reason. They are far worse than Zuerich.

    It’s my only condolence that europe, you get what you deserve for utter stupidity. Enjoy.

    It is a direct consequence of being trapped in the US empire. Before 1945 nobody in Europe would have dreamed to let this disaster happen.

    I would urge you to read “Culture of Critique” to understand why this is happening; you can find the pdf on the web for free. The author doesn’t mind if you don’t pay the royalties.

    Has nothing to do with “stupidity”.

    And the few that care are labeled racist.

    Yep, my last doubts regarding Davy have melted like snow in the sun. He doesn’t love his country, he loves his empire. Davy has no country. People who identify with a country do not use that dreaded Zionist-invented commie word “racist”. Only communists use words like “class enemy” (USSR) or “racist” (USA).

  44. Davy on Thu, 15th Jun 2017 12:40 pm 

    More to it cloggie than what you read and the turning applies to you too even though you act like you are above it. I don’t deny a time of destructive change i.e. turning. I am just not a Bannon follower. He is a wacko like the rest of the political thinkers that dwell in the nest of thieves in DC.

  45. Davy on Thu, 15th Jun 2017 12:45 pm 

    A racist, cloggie is a simple concept but you complicate its meaning for subterfuge. No one loves his country more than you. All I hear out of you is how wonderful the place is and how grand your history is.

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