America’s Social Fabric Is Fraying Severely… If Not Unravelling

Why, in the world’s richest country, is every metric of mental health pathology rapidly worsening? Today’s episode of SYSTEM UPDATE that explores this topic — the data demonstrating this unravelling, the factors causing it, and the consequences from it — can be seen on The Intercept’s YouTube channel or on the player below. The year 2020 has […]

Elon Musk forecasts grim future of human race

Tesla CEO Elon Musk’s grim forecast of humanity suggests that a “population bomb” would lead to a worldwide collapse in humans in the coming decades and everybody would start to see the evident effects by 2050. Musk’s prediction was triggered by a tweet from a page called World of Engineering that said: “1950 (historical) world […]

The False Hope of Peak Oil Demand

The false hope of peak oil demand. IHS thinking world oil consumption will plateau at 95 million barrels per day, when in reality it will follow global production like it always has.

Kunstler: The Duration of What?

From The New York Times, Thursday, August 27, 2020 It’s nice to see The New York Times acting like a whipped dog after hounding the nation year upon year through thickets of falsehood and deceit to put over their hustle of systemic racism.  “…some worry that local Democratic leaders are failing…” Really? Do you think […]

The US is in a water crisis far worse than most people imagine

When I was a little girl, my father would sing songs to me all the time about water. Sometimes, we would be playing down at the creeks and he would make up little tunes: “See that lovely water, trickling down the stream, don’t take it for granted, someday it might not be seen.” My dad […]

How Venezuela Struck It Poor

In the spring of 1959, at a secretive meeting at a yacht club in Cairo, Venezuela’s then-minister of mines and hydrocarbons, Juan Pablo Pérez Alfonso, hatched a plan to give big oil-producing countries more control over their black gold — and a greater share of the wealth it promised to create. A year later, his […]

What Are You Going To Do As Our Money Dies?

In our recent article It’s Time To Position For The Endgame, Chris Martenson explained how the US Federal Reserve and its sister central banks around the world have been engaged in the largest and most egregious wealth transfer in all of history — one that has been drastically exacerbated by the covid-19 pandemic. The official […]

The End of Oil Is Near

THIS PAST SPRING, coastlines around the globe took on the feel of an enemy invasion as hundreds of massive oil tankers overwhelmed seaports from South Africa to Singapore. Locals and industry analysts alike used the word armada—typically applied to fleets of warships—to describe scenes such as when a group of tankers left Saudi Arabia en […]

Exxon Mobil replaced by a software stock after 92 years in the Dow is a ‘sign of the times’

Exxon Mobil’s been in the Dow in some form since 1928, but its tenure as the longest-serving component is coming to an end. On Monday, S&P Dow Jones Indices announced the largest changes to the 30-stock benchmark in seven years. Exxon will be replaced by Salesforce. Amgen and Honeywell International are replacing Pfizer and Raytheon […]

Building The World’s First Nuclear Fusion Reactor

70 years after the first energy was made using nuclear power at an experimental station near Arco, Idaho, nuclear energy remains at the heart of a contentious debate. Nuclear power holds enormous potential as a solution to curbing emissions that contribute to global warming, as splitting atoms to make energy is extremely efficient and produces […]

The End Is Near for the Oil-Demand Surge

Oil consumption has recovered at a record pace but a report from IHS Markit said it is nearly at its limit. And don’t expect it to recover to the peak seen in February anytime soon. The energy information and consulting firm said the rally, which pushed up demand by13 million B/D to 89 million B/D, […]

1MM+ US GOM Barrels Shut In Due to Storms

More than one million barrels of oil per day have been shut in on the U.S. Gulf of Mexico, as of August 23, as Hurricane Marco and Tropical Storm Laura make their way to the region, the Bureau of Safety and Environmental Enforcement (BSEE) has revealed. According to the latest information from the BSEE, 114 […]

How much growth is enough for human need?

Seven Olympic-sized swimming pools. That’s what the water from the melting ice sheet in Greenland last year would have filled every second. In absolute terms the Greenland ice sheet shrank by 532 billion tons in 2019, equivalent to a million tons per minute. Scientists led by Ingo Sasgen, of the Alfred Wagener Institute in Bremerhaven, […]

Does Natural Gas Hold The Key To Peace In The Middle East?

Two weeks after the devastating explosion that damaged or destroyed large sections of Beirut, former Lebanese President Michel Aoun was asked by French television about the possibility of making peace with Israel. Startlingly, Aoun, a Christian whose political party has been aligned with the Shiite paramilitary/political/terror group Hezbollah, which is bent on Israel’s destruction, did not […]

Is US Shale Poised For A Comeback?

It’s been a brutal year for shale. While the sector was already faltering, spurring countless headlines about the death of shale over the past year or so, the novel coronavirus has dealt the sector what many see as its death blow. As the bottom fell out of oil demand, compounded by a spat between the […]

Is the oil price worth $50 a barrel?

According to the US Energy Information Administration (EIA), global oil prices are expected to average at $43 a barrel throughout the second half of this year, with that figure expected to rise to $50 in 2021. But will oil price forecasts be realised or could the commodity fall short of expectations considering the myriad of […]

Maddow’s “Blowout”, Russian peak oil, corruption, fake news

Preface.  Since this blog focuses on peak resources, I drastically rearranged my notes from this book in the order I found most interesting. I’m also interested in corruption, Putin, fake news, and more, as you’ll see below.  Since the book is 405 pages, I’ve obviously left out quite a bit, so buy it if you […]

California Blackouts Show Natural Gas Is Needed For A Stable Grid

The California Independent System Operator (CalISO), the entity tasked with managing roughly 80% of the California electricity grid, ordered rolling blackouts last Friday for the first time in 19 years. The finger-pointing began immediately, with various actors blaming renewables, problems at natural gas plants, the California Public Utilities Commission (CPUC), and even market manipulators (the […]

Non-OPEC Oil Production Collapses In April

Summary Non-OPEC production dropped slowly from a high of 52,646 kb/d in December 2019 to 52,255 kb/d in March 2020. In April, that changed when we saw the first big drop in output from the Non-OPEC countries. Since the current EIA data is two months delayed, May is the second month that shows the combined […]

Permian Drillers Bounce Back

Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered an unprecedented collapse in drilling. Drillers in the Permian Basin of West Texas and New Mexico led the rest of the nation in expanding the […]

Kuntler: “Good Trouble” and Not-Good Trouble

And so, the party of the Resistance has completed its solemn four day confab of info-ceremonials and sent forth its Primero Ingenioso Hidalgo, Joe Biden, on his limping horse of platitudes, armored by news media hosannahs, a saintly woman-of-color at his side to assist, tilting onward with his lance of moral instruction to bring love, hope […]

China and Russia ditch dollar in move towards ‘financial alliance’

Russia and China are partnering to reduce their dependence on the dollar — a development some experts say could lead to a “financial alliance” between them, reported the Financial Times. In the first quarter of 2020, the dollar’s share of trade between Russia and China fell below 50% for the first time on record, according […]

Saudi Oil Prince Gets Results

The Saudi royal running the kingdom’s oil policy is achieving something his predecessor never did: bringing the quota cheats of OPEC+ to heel. Prince Abdulaziz bin Salman has done this through an unusual method. The cartel has instructed members who failed to deliver their agreed share of oil-production cuts — like Iraq and Nigeria — […]

US Shale Production Levels Out for Now

US shale production levels out for now, after months of losses and declines from the drilling rig count drop. Rare earth metal prices continue rising. Rhodium heading towards record high price again.

Saudi Arabia Is Just An Honest America

Saudi Arabia is just an honest version of America. The tyranny is right out in the open, state censorship is straightforward instead of being outsourced to Silicon Valley, the oligarchs and the official government are the same people, they don’t pretend their wars are humanitarian, and they just directly murder journalists they dislike instead of […]

How Might Oil and Gas Fare Under a Biden Admin?

Democratic Presidential nominee Joe Biden’s stance on the issue of hydraulic fracturing has been unclear. During a March 15 debate with then-rival U.S. Sen. Bernie Sanders of Vermont, Biden said that there would be “no new fracking” in his administration. In an interview with a Pittsburgh TV station the following month, however, Biden pledged not […]

Clouds gather over solar panels

A recent article by Maddie Stone at www.slate.com warns that in the next decade or three, the world will face a novel but entirely predictable problem:  what to do with millions of square feet of worn-out solar panels.  This problem is especially ironic because solar energy has been sold as one of the most appealing […]

The Great Fishing Competition

A Chinese fleet of 340 fishing trawlers just south of the Galapagos Islands is causing outrage from Quito to Washington. For Latin American nations like Ecuador, the presence of the state-subsidized distant-water fishing fleet offers a glimpse into the future of a dangerous combination: China’s increasing demand for resources, extractionist policies, disregard for maritime sovereignty, […]

Helium: Fuelling the Future?

What is Helium? HELIUM, deriving from the Greek word ‘Helios’, Ήλιος’, meaning ‘Sun’, and with the elementary symbol ‘He’ (in the elements periodic table) is a colourless, odourless gaseous element. Helium is considered one of the noble gases; how could it not be? It is the element of the Sun itself! Helium has a peculiar […]

Visualizing Permian Oil & Gas Production

Permian – update through May 2020 These interactive presentations contain the latest oil & gas production data from all 27,683 horizontal wells in the Permian (Texas & New Mexico) that started producing from 2008/2009 onward, through May. Total Production Production from horizontal wells in the Permian fell by around 0.5 million bo/d in May to […]

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LATEST NEWS HEADLINES

• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
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• 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
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• US Warship, Commercial Ships Under Attack In Red Sea