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News from September 2018

12 Reasons Why People Refuse To Address The Idea That We’re Headed For Near-Term Societal Collapse

12 Reasons Why People Refuse To Address The Idea That We’re Headed For Near-Term Societal Collapse thumbnail

The starting point for a generative discussion of the deep adaptation agenda is a difficult one. Because to begin to rigorously and imaginatively discuss this topic first requires us to accept the likelihood of near term societal collapse. By which I mean that within ten years, in whatever society we are living in, that we […]


Bizarre, High Energy Particles Flying Out of Antarctica’s Ice

Bizarre, High Energy Particles Flying Out of Antarctica’s Ice thumbnail

There’s something mysterious coming up from the frozen ground in Antarctica, and it could break physics as we know it. Physicists don’t know what it is exactly. But they do know it’s some sort of cosmic ray — a high-energy particle that’s blasted its way through space, into the Earth, and back out again. But […]


Trump Gets Oil Traders’ Attention Over Call With Saudi King

Trump Gets Oil Traders’ Attention Over Call With Saudi King thumbnail

Donald Trump spoke on the phone Saturday with King Salman bin Abdulaziz of Saudi Arabia, days after the U.S. president’s latest criticism of OPEC over high oil prices. The pair discussed efforts to maintain supplies to ensure the stability of the oil market and growth of the global economy, plus the strategic partnership between the […]


The Next Pandemic Will Be Arriving Shortly

The Next Pandemic Will Be Arriving Shortly thumbnail

Deadly diseases like Ebola and the avian flu are only one flight away. The U.S. government must start taking preparedness seriously. There are plenty of security threats that could keep a former homeland security advisor awake. There is the possibility of a terrorist attack, a cyber-cataclysm, or any number of natural disasters—all threats that are […]


U.S. government embraces climate catastrophe, but is it a ‘crisis’?

U.S. government embraces climate catastrophe, but is it a ‘crisis’? thumbnail

The United States government has now officially embraced climate change as a catastrophe in the making. Only it contends that the catastrophe is now inevitable no matter what humans do…and so, we should do nothing at all since whatever we do won’t matter much. That, at least, was the justification offered for freezing fuel-efficiency standards […]


Dealing With Collapse: The Seneca Strategy

Dealing With Collapse: The Seneca Strategy thumbnail

The ruins of the Egyptian Pyramid of Meidum, perhaps the first large building to collapse in history (*). The collapse of large structures is part of a fascinating field of study that we may call “Collapsology.” I already wrote a book on this subject, titled “The Seneca Effect” (Springer and Oekom 1917), available in English […]


Ponzinomics

Ponzinomics thumbnail

“Tolerable parasites are those that have minimum pain and cost to the host.“   DONALD TRUMP, PRESIDENT OF THE UNITED STATES, AT THE UN GENERAL ASSEMBLY: In less than two years, my administration has accomplished more than almost any administration in the history of our country. America is so thrilled. (LAUGHTER) I did not expect […]


Mexico must double oil exploration spending to halt output fall

Mexico must double oil exploration spending to halt output fall thumbnail

Mexico will need to double to about $4 billion its annual oil exploration investment to reverse a 14-year decline in output, a move that will require more funding by Pemex and private producers, a top official with the state-run firm said Friday. The Pemex logo is pictured during the 80th anniversary of the expropriation of […]


Trump administration sees a 7-degree rise in global temperatures by 2100

Trump administration sees a 7-degree rise in global temperatures by 2100 thumbnail

Last month, deep in a 500-page environmental impact statement, the Trump administration made a startling assumption: On its current course, the planet will warm a disastrous seven degrees by the end of this century. A rise of seven degrees Fahrenheit, or about four degrees Celsius, compared with preindustrial levels would be catastrophic, according to scientists. […]


Trump says he wants two-state solution for Mideast conflict

Trump says he wants two-state solution for Mideast conflict thumbnail

U.S. President Donald Trump said on Wednesday he wanted a two-state solution to resolve the Israeli-Palestinian conflict, the clearest expression yet of his administration’s support for such an outcome. The Trump administration has said in the past it would support a two-state solution if both sides agreed to it. Trump also said in a meeting […]


Iran Warns Saudis Of “Red Lines” And Threatens US Bases “Will Not Be Safe”

Iran Warns Saudis Of “Red Lines” And Threatens US Bases “Will Not Be Safe” thumbnail

Iran has issued a number of threats on Friday following official charges made by leaders in Tehran that Saudi Arabia and the UAE funded a terrorist attack on a military parade in a southwest district last Saturday which killed 25 people, including members of the elite Iran’s Revolutionary Guards (IRGC). Iranian military officials declared “red lines” […]


WikiLeaks Release Exposes Corruption In UAE Arms Deal Fueling War On Yemen

WikiLeaks Release Exposes Corruption In UAE Arms Deal Fueling War On Yemen thumbnail

The transparency organization WikiLeaks just released a new document that sheds light on the corruption behind a lucrative French-German arms deal with the United Arab Emirates (UAE), weapons that are currently being used to wage a disastrous and genocidal war against the people of Yemen. The document details a court case from the International Chamber of Commerce (ICC) International […]


Oil-rich but powerless: Who can solve Iraq’s electricity crisis?

Oil-rich but powerless: Who can solve Iraq’s electricity crisis? thumbnail

This week, German conglomerate Siemens announced that it’s in discussions to help rebuild and boost Iraq’s power generation infrastructure. Rebuilding efforts in Iraq have been slow and it’s estimated that $100bn is needed for reconstruction in the next 10 years. Since the defeat of the Islamic State of Iraq and the Levant (ISIL, also known as ISIS) […]


U.S. Interior Dept. relaxes rules on offshore oil, gas production

U.S. Interior Dept. relaxes rules on offshore oil, gas production thumbnail

The Trump administration on Thursday eased safety rules on offshore oil and gas production put in place after the deadly 2010 BP Plc Deepwater Horizon disaster, as part of its effort to slash regulations and boost the energy industry. The Interior Department revised the 2016 oil and gas production safety systems rule, part of a […]


A Breakthrough for Hydraulic Fracturing

A Breakthrough for Hydraulic Fracturing thumbnail

A revolutionary study of groundwater quality in the Ohio Middle Ordovician Utica Shale hydraulic fracturing play provides new evidence that “fracking” operations are safe to nearby water sources. The study found that methane concentrations in the studied water supply did not increase over a period of four years, and the methane present was from plants, […]


Any Effective Anti-War Movement Must Readjust Its Understanding Of What War Is

Any Effective Anti-War Movement Must Readjust Its Understanding Of What War Is thumbnail

Israeli Prime Minister Benjamin Netanyahu has kicked off yet another round of “Iran is totally gonna nuke us any second now you guys” ejaculations. This is of course another demand that we accept unsubstantiated claims from a proven liar about another longtime target for neoconservative regime change, and I’d like to tap out a few […]


Will the Dollar – Oil correlation get back into gear

Will the Dollar – Oil correlation get back into gear thumbnail

Quotable “Formula for success: rise early, work hard, strike oil.” –J. Paul Getty  Commentary & Analysis Chart Analysis/Comments/Guesses: During the hay days of the US-China symbiotic commodities for shrinking dollar boom there was an extremely tight negative correlation between the US dollar and oil prices, i.e. as the US dollar pushed lower and lower into […]


US Evacuating Consulate In Iraq, Citing Threats From Iran

US Evacuating Consulate In Iraq, Citing Threats From Iran thumbnail

On Friday the State Department announced it is evacuating all non-essential personnel from the US consulate in Basra, Iraq. The drastic move comes after a month of heavy anti-Iran and anti-Iraqi government protests that have gripped the southern city, which has led to sectarian rioting and the burning of Shia militia buildings, as well as the torching […]


Netanyahu reveals new ‘secret’ Iran nuclear site

Netanyahu reveals new ‘secret’ Iran nuclear site thumbnail

Israeli Prime Minister Benjamin Netanyahu, addressing the U.N. Geral Assembly on Thursday, accused Iran of masking a nuclear warehouse inside a rug-cleaning plant. Netanyahu appeared to disclose information about the “atomic warehouse” that was otherwise classified. “What I’m about to say has not been shared publicly before,” he said before pulling up what looked to […]


Predictions Of Early ‘Peak Oil’ Demand Don’t Pass The Goldilocks Test

Predictions Of Early ‘Peak Oil’ Demand Don’t Pass The Goldilocks Test thumbnail

Adherents of the currently faddish demand side of “Peak Oil” theory (as opposed to the formerly faddish supply side, which was completely blown out of the water in recent years by the shale revolution) received a big dose of bad news over the weekend from OPEC. At a meeting with its non-OPEC oil-exporting partner nations […]


How High Can Oil Prices Rise

How High Can Oil Prices Rise thumbnail

Summary $85 bbl. for Brent (BZ) and $75 bbl. for WTI (CL) can be considered price ceilings. The effects of Iranian sanctions will depend upon the response of Iran. So far, it has not been dramatic. The recent military exercise was only part of anniversary of Iran-Iraq war. Trump’s trade actions will continue weighing down […]


Move Over, Permian. Bakken’s Making a Comeback.

Move Over, Permian. Bakken’s Making a Comeback. thumbnail

After months of being the red-headed stepchild to the Permian, the Bakken shale play is getting a resurgence. Crude oil production in North Dakota reached an all-new high for the second time this year in July, averaging 1.27 million barrels per day, according to the most recent figures available. Monthly oil production in July was […]


GoM Reserves and Production Update, 1H2018

GoM Reserves and Production Update, 1H2018 thumbnail

A Guest Post by George Kaplan crude and condensate reserves BOEM remaining C&C reserve estimates for GoM increased by 649 mmbbls for 2016 (i.e. to 31st December 2016). This was 112% reserve replacement and followed a similar growth of 618 mmbbls (111% reserve replacement) for 2015. The BOEM reserve calculation method appears to give highly conservative […]


Forget Peak Oil. Peak energy demand is more likely

Forget Peak Oil. Peak energy demand is more likely thumbnail

It can be hard to get your head around just how much energy the world uses. Expressed in terms of oil, it was equivalent to almost 14 billion metric tons of the stuff in 2017. That’s like burning through all of Russia’s proved reserves in the space of 12 months, which is, in technical terms, a lot. But […]


The Emerging Market Crisis Could Topple Oil Demand

The Emerging Market Crisis Could Topple Oil Demand thumbnail

It was November 2016. My colleagues and I convened to discuss our biggest and best ideas for the various markets in the years ahead. One of my ideas was “peak demand.” I believed  we could approach a point in a few years when global oil demand growth slows down. The world will not stop using […]


Don’t Believe The Hype – Oil Prices Aren’t Going Back To $100

Don’t Believe The Hype – Oil Prices Aren’t Going Back To $100 thumbnail

The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil. Even President Trump has gotten involved, demanding that OPEC ramp up production to send oil prices lower before they start to weigh on US consumer spending, […]


What does the future hold for energy demand?

What does the future hold for energy demand? thumbnail

There is no need to worry about oil demand … yet With the world’s population projected to rise to 10 billion people by 2050, from about 7.6 billion today, and with large parts of the world still to gain access to sustainable sources of energy, there will be no let up in demand for hydrocarbons […]


Venezuela: Queues of Up to Five Days to Access Gasoline

Venezuela: Queues of Up to Five Days to Access Gasoline thumbnail

Car owners in Táchira, Venezuela, had to wait up to five days to buy gasoline this week after Nicolás Maduro’s socialist regime piloted a new scheme to keep foreigners from profiting off of subsidized prices. Drivers reportedly had to wait between 72 to 96 hours in the searing heat outside service stations for the arrival […]


$100 Oil Is A Distinct Possibility

$100 Oil Is A Distinct Possibility thumbnail

An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report. The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, […]


If Trump wants oil price to stop going up, he should stop interfering in Middle East

If Trump wants oil price to stop going up, he should stop interfering in Middle East thumbnail

U.S. President Donald Trump should stop interfering in the Middle East if he wants the price of oil to stop rising, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Wednesday. FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, […]


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"it was like nothing we have ever seen" Unfortunately, if only they checked the #naturalgas storage reports, and understood the Permian basin isn't as good as hyped. Disregard for #geology #engineering has consequences, in this case about $80 million burnt in two days #peakoil twitter.com/GunjanJS/statu…

true or false #peakoil #economy #crisis #youropinion twitter.com/deirdrekent/st…