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News from September 2018

Donald Trump tells Opec to lower oil price

Donald Trump tells Opec to lower oil price thumbnail

Boom! The US president has demanded that the OPEC oil cartel take action to bring the oil price down. Donald Trump has tweeted that Middle Eastern countries aren’t showing sufficient gratitude for America’s military support, by pushing crude prices to their current levels. Donald J. Trump (@realDonaldTrump) We protect the countries of the Middle East, […]


The Great Permian Capital Reallocation Begins

The Great Permian Capital Reallocation Begins thumbnail

A new report from the U.S. Energy Information Administration (EIA) indicates that the growing shortage of pipeline takeaway capacity in the Permian Basin of West Texas and Southeast New Mexico is resulting in some companies reallocating capital initially earmarked for Permian drilling to other areas in which they produce. The report points out that “As […]


Now near 100 million bpd, when will oil demand peak?

Now near 100 million bpd, when will oil demand peak? thumbnail

Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) – more than twice what it was 50 years ago – and it shows no immediate sign of falling. FILE PHOTO: Excess gas is burnt off at a pipeline at the Zubair oilfield in Basra, Iraq, May 9, […]


Fusion Energy in the 21st Century

Fusion Energy in the 21st Century thumbnail

Although its potential to generate electricity at a commercial scale is several decades away, nuclear fusion can become a promising option to replace fossil fuels as the world’s primary energy source and could have an important role to play in addressing climate change, participants agreed at an IAEA General Conference side event focused on the […]


China’s new forests will be the size of Ireland

China’s new forests will be the size of Ireland thumbnail

China will plant new forests covering an area roughly the size of Ireland this year as it aims to increase forest coverage to 23 percent of its total landmass by the end of the decade, China Daily reported on Friday. Planting trees has become a key part of China’s efforts to improve its environment and […]


U.S. seeking to negotiate a treaty with Iran: special envoy

U.S. seeking to negotiate a treaty with Iran: special envoy thumbnail

The United States is seeking to negotiate a treaty with Iran to include Tehran’s ballistic missile program and its regional behavior, the U.S. special envoy for Iran said on Wednesday ahead of U.N. meetings in New York next week. FILE PHOTO: An Iranian national flag flutters during the opening ceremony of the 16th International Oil, […]


Our Innovation Civilization

Our Innovation Civilization thumbnail

ALL PEOPLE LIVE in a society, but fewer live in a civilization. The difference between a society and a civilization is the degree of innovation found in each. Since 1950, the West has been a civilization and not just a society. Today, I would roughly equate the West with the 35 countries that are members […]


Heinberg: What Will it Take to Avert Collapse?

Heinberg: What Will it Take to Avert Collapse? thumbnail

  A lot of people are asking the question these days—including serious folks who work full-time on climate and energy policy. How can the world’s nations reduce greenhouse gas emissions fast enough to forestall climate catastrophe, without undermining either the global economy (which is still 85 percent dependent on fossil fuels) or the hopes of […]


Russia is Only 3 Years Away From Peak Oil

Russia is Only 3 Years Away From Peak Oil thumbnail

Russia is only three years away from maximizing oil extraction output before costs and taxes drive down production, Russia’s energy minister has warned. The Russian economy has relied on its key export oil in the face of Western sanctions that drove down prices and weakened the ruble. “We expect about 553 million [metric] tons of […]


The Collapse of the American Empire?

The Collapse of the American Empire? thumbnail

The Agenda welcomes Pulitzer Prize-winning journalist Chris Hedges, who over the past decade and a half has made his name as a columnist, activist and author. He’s been a vociferous public critic of presidents on both sides of the American political spectrum, and his latest book, ‘America, the Farewell Tour,’ is nothing short of a […]


US Gas Exports Hit by China Tariffs as Trade War Escalate

US Gas Exports Hit by China Tariffs as Trade War Escalate thumbnail

China plans to slap tariffs on U.S. natural gas exports as trade tensions escalate, a likely setback for the burgeoning energy relationship between the world’s two largest economies. The Asian nation said in a statement Tuesday it would levy a 10 percent duty on liquefied natural gas starting Sept. 24, retaliation for a fresh round […]


Richard Heinberg: Human Predators, Human Prey – Part 3

Richard Heinberg: Human Predators, Human Prey – Part 3 thumbnail

6. “Disease organisms” (revolutionaries), “parasites” (criminals), and “immune systems” (law and punishment) in times of growth and release In his brilliant 1976 book Plagues and Peoples, historian William H. McNeill explored how infectious disease has shaped human societies through the ages. A remarkable paragraph on page 84 of the Anchor paperback edition has stayed with […]


China today is foreign oil dependent like Germany in WW2

China today is foreign oil dependent like Germany in WW2 thumbnail

The USA produced 70% of the oil in the world in WW2. 20% of the oil was produced by the Soviet Union. The British did not surrender and used its navy to blockade Germany’s oil imports. Germany imported 60% of its oil in 1939. In 1941, Germany only had 18% of the oil it had […]


The Great Gas Game: Putin, Pipelines & Power

The Great Gas Game: Putin, Pipelines & Power thumbnail

Russia and the West are facing the worst crisis since the Cold War. According to US Special Envoy Amos Hochstein, Washington’s goal is to reduce Russia’s gas market share in Eastern Europe by 20% by 2020. Russia cannot be allowed to build a gas pipeline that would bypass Ukraine, as it would pose a threat […]


Plastic Pollution: The Age of Unsolvable Problems

Plastic Pollution: The Age of Unsolvable Problems thumbnail

  Suddenly, we discovered that plastic pollution is a problem, a big one. What to do about it? As usual, it is a question of governance: the problem in itself is not so terribly bad that it couldn’t be controlled. But, over the years, we develop such effective technologies of anti-governance that we have entered […]


Kunstler: Monsters All the Way Down

Kunstler: Monsters All the Way Down thumbnail

Robert Mueller’s fishing crew was out trawling for Manafort, a blubbery swamp mammal valued for its lubricating oil when, by happenstance, a strange breed of porpoise called a Podesta got caught up in the net. Turns out it was a traveling companion of the Manafort. Back in 2014, the pair swam all the way to […]


‘Zero Emissions’ EVs Actually Run on Natural Gas

‘Zero Emissions’ EVs Actually Run on Natural Gas thumbnail

Last week was National Drive Electric Week and events were held in all 50 states to extol the virtues of electric vehicles (EVs). And EVs do have certain advantages that those who can practically take advantage of them enjoy: they tend to be cheaper to own, cheaper to maintain, they reduce carbon emissions, they – along […]


Inaccessible” North Carolina Nuclear Plant Declares “Unusual Event” During Storm-Driven “Hot Shutdown”

Inaccessible” North Carolina Nuclear Plant Declares “Unusual Event” During Storm-Driven “Hot Shutdown” thumbnail

Duke Energy’s Brunswick nuclear plant, about 30 miles south of Wilmington, has declared a state of emergency as the 1,200-acre complex remains cut off by flood waters and and is inaccessible to outside personnel. Just as we warned a week ago, The News & Observer reports, at this time, no one can come in and […]


We’re Measuring the Economy All Wrong

We’re Measuring the Economy All Wrong thumbnail

Ten years after the collapse of Lehman Brothers, the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is fully recovered. The unemployment rate is lower than it was before the financial crisis began. The stock market has soared. The total combined output […]


Why Growth Can’t Be Green

Why Growth Can’t Be Green thumbnail

Warnings about ecological breakdown have become ubiquitous. Over the past few years, major newspapers, including the Guardian and the New York Times, have carried alarming stories on soil depletion, deforestation, and the collapse of fish stocks and insect populations. These crises are being driven by global economic growth, and its accompanying consumption, which is destroying […]


This is how the world ends: will we soon see category 6 hurricanes?

This is how the world ends: will we soon see category 6 hurricanes? thumbnail

There is no such thing as a category 6 hurricane or tropical storm – yet. The highest level – the top of the scale for the most powerful, most devastating hurricane or tropical storm capable of destroying entire cities like New Orleans or New York – is a category 5 storm. Meteorologists and scientists never […]


Could Oil Demand Peak in Just Five Years?

Could Oil Demand Peak in Just Five Years? thumbnail

The Era of Oil is coming to a close but experts and corporate analysts disagree about just when that will happen. The time left before global demand for crude peaks is increasingly tightening, according to new projections from industry analysts. Two reports published this week point to an end of oil’s growth within the next […]


Amazon Is In The Oil Business And It Proves No Industry Is Amazon Proof

Amazon Is In The Oil Business And It Proves No Industry Is Amazon Proof thumbnail

Amazon is now in the oil business. With the release of its Amazon Basics Synthetic Motor Oil, Amazon has effectively entered into an industry ripe for disruption. A report from Market Watch announced that shares of Valvoline Inc., sank 4.2% in premarket trading on Friday, September 14, after J.P. Morgan turned bearish on the engine […]


Sustainability: The Circular Vision

Sustainability: The Circular Vision thumbnail

The rise of the circular economy and sustainability brings change to everything around us. From the way we source, make, and distribute product to the things we consume. AI, Robotics, IoT, and other advanced Technology will revolutionize the way we live. Imagine a world where we renew resources vs. deplete them, where we breath clean […]


Iran: There Is No Spare Oil Capacity

Iran: There Is No Spare Oil Capacity thumbnail

The United States won’t be able to bring Iranian oil exports to zero because the other producers can’t offset the loss of all of Iran’s oil barrels in an already tight market, Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Friday. According to Kazempour—whose position as Iran’s OPEC governor makes him the second most […]


Iran OPEC chief: ‘Saudi and Russia are taking oil market hostage’

Iran OPEC chief: ‘Saudi and Russia are taking oil market hostage’ thumbnail

Iran‘s OPEC governor, Hossein Kazempour Ardebili, has accused fellow OPEC country Saudi Arabia and non-OPEC country Russia of taking the global oil market hostage. Their actions are a direct result of attempts by the United States to cut Iran’s access to the global market off, he said. “Russia and Saudi Arabia claim they seek to balance […]


There’s Still A Future For Nuclear Power

There’s Still A Future For Nuclear Power thumbnail

The world is consuming ever-growing amounts of energy, and consumption is set for a particularly intensive growth in electricity. Put simply, people are going to need more electricity in the years to come as we shift away from fossil fuels. This fast growth will require more generation capacity, some of which will be nuclear. In […]


Saudi Arabia Buys Iron Dome Defense System From Israel

Saudi Arabia Buys Iron Dome Defense System From Israel thumbnail

Saudi Arabia is reported to have purchased the Iron Dome missile defence system from Israel signaling a rapprochement between the two countries, according to several diplomatic sources quoted in Al-Khaleej Online. Saudi Arabia not only wants political convergence with Israel, said the sources, but also seeks to reach a level where it publically purchases heavy […]


Way Past Time to Wean Ourselves Off Big Oil

Way Past Time to Wean Ourselves Off Big Oil thumbnail

The world needs kick its addiction to oil and other fossil fuels to stave off global warming and it’s not as impossible as the industry has made it seem, an international panel of civic leaders said at a climate change conference in San Francisco on Thursday. While coal has hit its peak as an energy […]


The next financial crash is imminent, and China’s resource crisis could be the trigger

The next financial crash is imminent, and China’s resource crisis could be the trigger thumbnail

China’s economic slowdown could be a key trigger of the coming global financial crisis, but one of its core drivers — China’s dwindling supplies of cheap domestic energy — is little understood by mainstream economists. All eyes are on China as the world braces itself for what a growing number of financial analysts warn could be another global economic […]


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One of the recipients on the internal EXXON distribution list is R.L.Hirsch, likely Robert L. Hirsch en.wikipedia.org/wiki/Robert_L.…, who went on to director roles at the US Dept of Energy and became a strong #PeakOil advocate, see this #YouTube youtu.be/Am1DGjzxBrI cc @MichaelEMann twitter.com/tomfid/status/…

Organizations such as @CarbonBubble say we’re rapidly approaching #peakoil. Energy companies, of course, say the opposite! @mary_mazzoni dives into this ping-pong match of forecasts to gauge who we should believe: bit.ly/2pwyRYV via @TriplePundit

test Twitter Media - Organizations such as @CarbonBubble say we’re rapidly approaching #peakoil. Energy companies, of course, say the opposite! @mary_mazzoni dives into this ping-pong match of forecasts to gauge who we should believe: https://t.co/MOxWXpOOAr via @TriplePundit https://t.co/lkfnKiKl9W

Someone needs to explain to this idiot what a finite resource is and what happens when demand continues to increase.... #BasicBusiness #PeakOil #FuckingIdiot #Trump #AmericaFirst twitter.com/realdonaldtrum…