Gunfire, Explosions Heard Near Saudi Royal Palace, King Salman Reportedly Evacuated

Update: Some reports that there was no coup attempt and The Wall Street Journal reports it was guards shooting down an errant drone… No coup attempt in Riyadh. A toy drone/plane got too close too the King’s palace and was shot down. #SaudiArabia#Riyadh — Margherita Stancati (@margheritamvs) April 21, 2018 However, in this era of […]

Ugo Bardi ‏: Photovoltaics? Who in the world would want to spend money on such a silly idea?

The “Solar Roadways” plant in Idaho in an image from the “EmphaseEnergy” site. The performance of this expensive plant is abysmally low and, with the best of good will, I can’t see it as anything but a propaganda stunt to denigrate renewable energy. Not the only example of this strategy. I have to confess to […]

Dreaming of A New Sustainable Economy

Officials from around the world came together to create and support a vision for a new, sustainable economy: a bioeconomy. Almost 1000 bioeconomy experts, from former heads of state to civil society leaders, convened in Berlin for the second Global BIoeconomy Summit to discuss best practices and challenges. Already, over 50 countries have begun to […]

Disaster Looms Over Libyan Oil

Is General Khalifa Haftar dead or alive? The leader of the Libyan National Army disappeared from the public eye earlier this month, and now rumors surrounding his health are beginning to circulate. Some media reports say he is dead, others insist he is alive. If we are to trust a quote by Libyan Express of […]

Russia and Saudi Arabia forge alliance to engineer oil prices

Two of the world’s largest oil producers see a consensus emerging between OPEC and non-OPEC states for long-term cooperation on stabilizing oil prices, including the extension of output cuts expiring at the end of 2018. Ahead of a meeting between Russia and the Organization of Petroleum Producing Countries (OPEC) in the Saudi Arabian Red Sea […]

OPEC Panel Confirms The Oil Glut Is All But Eliminated

A meeting of the Joint Technical Committee (JTC) of the OPEC and non-OPEC oil producers part of the supply-cut pact found on Thursday that oil inventories in developed economies had dropped to just 12 million barrels over the official target of the cuts—the five-year average, a source familiar with the matter told Reuters. The technical […]

Which countries have the biggest oil reserves?

Oil is created from the decomposition of organic materials, which are under extreme heat and pressure over a period of millions of years. Oil is more common than you think. You can find it in products like plastics, car tires, perfumes, etc. According to Our World in Data, fossil fuel production can be traced all […]

The Secret of the Great American Fracking Bubble

In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which broke open fossil fuels from shale formations around the U.S. What was McClendon’s […]

Thousands Of US Troops Amass On Syrian Border For Military ‘Drill’

Thousands of U.S. Marines arrived in Jordan at around the same time the United States, the United Kingdom, and France were organizing a direct military strike on Jordan’s neighbor, Syria.  Shortly after the US-led bombing of Syria over alleged chemical weapons use, the Marine took part in military drills. According to Antimedia, nearly 3,600 U.S. troops, including roughly […]

80% of Shell’s oil and gas reserves will be produced before 2030

The future of oil and gas across the world is coming under intense pressure following reports by Shell, which plans to empty reserves by over 80 per cent in the next 12 years. The report, hinged on the implications of climate change, came at a time when energy experts were insisting that unless countries drastically […]

Are Iran and Israel Headed for Their First Direct War?

  ImageIsraeli soldiers taking part in a training session last week in the Golan Heights.CreditJalaa Marey/Agence France-Presse — Getty Images SYRIA-ISRAEL BORDER, Golan Heights — Ever since the Iranian Islamic Revolution in 1979, Iran and Israel have been fighting each other in the shadows — through proxies, assassination squads and cyber-virus attacks, but never as […]

Plutonium Dust Released from Closed Hanford Nuclear Weapons Site

  As crews demolished a shuttered nuclear weapons plant during 2017 in central Washington, specks of plutonium were swept up in high gusts and blown miles across a desert plateau above the Columbia River. The releases at the Department of Energy cleanup site spewed unknown amounts of plutonium dust into the environment, coated private automobiles […]

The Last Temptation of Saudi Arabia

If you’re seeking signs of inflation, look no further than the rapid escalation in Saudi Arabia’s oil-price targets. Barely a week after Bloomberg News reported Saudi officials pushing to get oil up to $80 a barrel, some are now talking of $100, according to a report from Reuters. It’s just talk, of course. And it’s usually couched in terms […]

Will China beat the world to nuclear fusion and clean energy?

Image caption China says it’s ahead in the global race for nuclear fusion In a world with an ever-increasing demand for electricity and a deteriorating environment, Chinese scientists are leading the charge to develop what some see as the holy grail of energy. The BBC’s Stephen McDonell was given rare access to their facility in […]

Over 95% of world’s population breathing unhealthy air

More than 95 per cent of the world’s population is breathing unhealthy air, with India and China jointly contributing to over 50 per cent of global deaths attributed to pollution, a new report has found. According to the annual State of Global Air Report, published on Tuesday by the Boston-based Health Effects Institute (HEI), long-term […]

Under Military Rule, Venezuela Oil Workers Quit In A Stampede

Chauffeured around in a sleek black pick-up, the head of Venezuela’s oil industry, Major General Manuel Quevedo, last month toured a joint venture with U.S. major Chevron. Flanked by other trucks carrying security guards, Quevedo passed a handful of workers waiting by an oil well cluster. They wanted a word with the OPEC nation’s oil […]

Heinberg: Getting Past Trump

This a 3-part essay. Parts one and three is also cross-posted on Truthout. Part 1: This Is How Democracies Die Donald Trump’s 13-month tenure (so far) as president of the United States has been an exhausting sprint for onlookers concerned about the state of the global ecosystem and the fate of industrial civilization. Nearly every day […]

Our selfishness is ruining our planet

April 22 is Earth Day, which is important for several reasons. For many, the sole purpose of this day is to seemingly remind them about the harmful impacts a variety of practices can have on their health. From sensationalized advertisements about cancer-causing pollutants, to statistics about food waste and crops dying, a lot of what […]

IMF: World Economy Expands Next 2 Years; Growth Fades After 2020

 International Monetary Fund experts say the global economy will continue growing well for the next two years, but expect expansion to slow after 2020. IMF research director Maurice Obstfeld said Tuesday fading trade could hurt growth and, “The first shots in a potential trade war have now been fired.” He repeated a warning the international […]

Oil prices are likely to collapse later this year

Geopolitical tensions will keep oil prices elevated heading into the summer driving season, but the energy market could be on track for a tumble in the second half of the year, according to Barclays’ head of energy commodities research. Benchmark oil futures hit more than three-year highs last week. Those gains were underpinned by strong […]

Russian Oil Production Is About To Peak and Start Declining in the Near Future

According to Finanz, with reference to the International Energy Agency, Russia has been benefitting from its oil production and export for decades. However, this is about to change in the future since the Russian oil industry is about to see its production peak, which means it will inevitably start going down further down the road. […]

How Many Trees Do We Need?

“A city like New York (18.6 million people) should require 55.8 million trees to provide its oxygen.“ Is it possible that we could wreck the atmosphere enough that humans would suffocate for a lack of air to breathe? Probably not. Still, it’s not a chance worth taking. Earth’s atmosphere is 78 percent nitrogen and human […]

Key oil market updates

While the oil market continues to focus on supply/demand fundamentals, these are some key updates that you need to keep a tab on, U.S. oil rig count: The United States is continuing to see a surge in production. According to the latest report, the production rose to a new high of 10.525 million barrels per […]

Kunstler: Yakking with Chris Nelder about Energy Transition

Chris Nelder is a Manager in the Mobility practice at the Rocky Mountain Institute in Boulder, Colorado, where he heads the EV-grid Integration team. Chris has written about energy and investing for more than a decade. He is the author two books on energy and investing, as well as more than 200 articles on energy […]

Putin predicts global ‘chaos’ if West hits Syria again

Russian President Vladimir Putin warned on Sunday that further Western attacks on Syria would bring chaos to world affairs, as Washington prepared to increase pressure on Russia with new economic sanctions. In a telephone conversation with his Iranian counterpart Hassan Rouhani, Putin and Rouhani agreed that the Western strikes had damaged the chances of achieving […]

Saving our World

The warnings were plentiful. The limits were clearly defined. We have long understood how to keep the Earth’s average temperature from reaching dangerous levels. But as greenhouse gases in the atmosphere continue to trap more heat, we’re now face-to-face with the volatile climate, intense heat waves, and large-scale storms scientists predicted decades ago. Substantial damage […]

9/11 Truth and the Legacy of Michael C Ruppert: Connecting the Dots Like No One Else

Personal note: I was among those whose eyes were opened by MCR, not only about 9/11, but about the virtue of what he called ‘map-making’ as a tool for providing context for world events, such as the Western air-strikes smashing Syria as I write these words. I am privileged to have had the chance to interview him more […]

US, France, Britain launch strikes on Syria

Washington (United States) (AFP) – The United States, Britain and France launched punitive military strikes against Bashar al-Assad’s Syrian regime in response to its latest alleged chemical weapons atrocity, President Donald Trump announced Friday. Shortly after Trump began a White House address to announce the action, large explosions were heard in the Syrian capital Damascus, […]

Inside Aramco – The World’s Most Profitable Company

Maybe the Aramco IPO will move forward after all. In the weeks since Aramco put the word out that it would cancel (or possibly just delay) a foreign offering of 5% of the company’s shares, Saudi Crown Prince Mohammad bin Salman has met with Silicon Valley luminaries, as well as the leaders of the UK, […]

Oil prices vulnerable to ‘super spikes’ again as geopolitics heat up

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices. That means there’s a new higher floor under oil prices as the peak summer demand season approaches, and it also makes the market vulnerable to a “super […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
• More than 20% of global refining capacity at risk of closure
• Charles Hugh Smith Blog: Fire, Then Ice Our Deflationary Future
• Saudi Aramco CEO Amin Nasser says energy transition strategy ‘visibly failing’
• 100 million-degree ‘artificial sun’ sets new records in hunt for energy’s ‘Holy Grail’

• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
• US seeks to buy up to 3 million bbls of oil for Strategic Petroleum Reserve
• Desertification: the world is losing healthy land at an astonishing rate
• US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
• Saudi Arabia piles pressure on UAE to shift COP28 focus away from oil and gas
• US Warship, Commercial Ships Under Attack In Red Sea