Why Oil Won’t “Go Gentle Into That Good Night”

The progressive goal to “transition” away from oil might not be as easy as some proclaim. In the U.S., oil has been our main source of energy since 1950, when it surpassed coal. Along with its sister energy source, natural gas, oil dominates the immense U.S. energy complex (see Figure). In the U.S., more than […]

Pandemic, ‘Great Reset’ and resistance

According to the latest International Labor Organization reports, as job losses escalate due to lockdowns aimed at slowing the spread of Covid-19, nearly half of the global workforce is at risk of losing livelihoods, access to food and the ability to survive. The World Economic Forum (WEF) has stated, “With some 2.6 billion people around […]

The great unravelling

If you’ve ever been around someone who is dying, it may have struck you how strong a person’s lifeforce really is. When my dad was gravely ill, an invisible point of no return was gradually crossed, then suddenly death was in plain sight. We stood back helplessly, knowing that nothing more could be done, that […]

OPEC Revises Oil Demand to 96m/Barrel in 2021

The Organisation of Petroleum Exporting Countries (OPEC) has slashed its 2021 projection for global oil demand to 96 million barrel of crude as against 102 million barrels, a target set before the outbreak of COVID-19 earlier in the year. The Secretary-General of the organisation, Mohammed Barkindo, who made the disclosure said the current global oil […]

Resource Depletion

    Resource Depletion. It’s such a big issue in our world, yet so much about it is unknown. Just imagine, resources that are crucial for mankind to survive disappear. Moreover, it takes a very long time to get them back. What will we do without them? When will this happen? How will we know […]

Could OPEC’s House of Cards Collapse?

As the cartel’s oil ministers prepare to meet in just over a week to decide on the next step in their record-breaking output deal, officials in the United Arab Emirates, normally a loyal Saudi ally, are privately questioning the benefits of participating, and may even be considering whether to leave the Organization of Petroleum Exporting Counties. The […]

Huge Reservoir of Fresh Water Found Beneath the Sea Off Hawaii

A huge cache of fresh water found beneath the sea floor off the western coast of Hawaii’s Big Island could lift the threat of drought for people living there. Eric Attias at the University of Hawaii and his colleagues discovered the reservoir, which is contained in porous rock reaching at least 500 metres beneath the […]

Sick of Winning

In this episode we look at the aftermath of the 2020 US Presidential elections, leading up to the so-called “Million MAGA March” in Washington, DC. We also feature an interview with Tom Nomad, author of The Masters Tools: Warfare & Insurgent Possibility

The last oil peak in the history of the world

Current global energy consumption forecasts indicate that although renewables are set to expand by 50% between 2020 and 2025, they will not fully replace fossil fuels in our lifetimes. However, if recent geopolitical, economical, and sociological factors are taken into account, this prediction becomes obsolete. The world is about to enter a period of rapid energy transformation. At the […]

Pandemic brings forward predictions for peak oil demand

The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s demand for oil may peak. The rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand. While there is no […]

Iran points finger at Israel after atomic expert killed, vows revenge

Iranian officials on Friday moved quickly to vow revenge for the murder of one of the country’s top nuclear experts and suggested Israel was involved in ambushing Mohsen Fakhrizadeh’s car near Tehran. The murder comes 11 months after the U.S. assassinated top Revolutionary Guards commander Qassem Soleimani and threatens to ramp up tensions in the […]

Cash-Strapped Iraq Seeks $2 Billion Upfront Payment for Oil

Iraq is seeking an upfront payment of about $2 billion in exchange for a long-term crude-supply contract, the latest sign of Baghdad’s growing desperation for cash as its economy unravels. The Middle Eastern country is grappling with a crisis brought to a head by low oil prices and OPEC+ output cuts. As state coffers dwindle […]

Mexico oil production falls again

Mexico’s oil production fell for a second consecutive month in October. Production totaled 1.627Mb/d, down from 1.644Mb/d in September, with NOC Pemex’s exploration and production arm PEP accounting for 97% and private players the rest, according to hydrocarbons commission CNH. Output has failed to recover after declining by some 100,000b/d in May-July, which Pemex attributes […]

The Great Reset: If Only It Were Just a Conspiracy

Writing for The Spectator US, Ben Sixsmith gets to grips with “the Great Reset” now being proposed by the World Economic Forum (“Davos”). And yes, despite a name that sounds as if it were conjured up in some of conspiracism’s danker fever swamps, the Great Reset really exists: “The World Economic Forum, which organizes the […]

Oil Pirates Are Dangerously Close To US Waters

Piracy is an age-old problem in the energy industry, often seen in West Africa and other regions of the world. However, following the rise of the phenomenon during the 2020 Covid-19 pandemic, pirates are nearing U.S. shores, presenting a new threat to the industry.  Slow-moving oil tankers in the region present an easy target for […]

Kunstler with David Collum about the Election Fracas

Support this podcast by visiting Jim’s Patreon Page David Collum is the Betty R. Miller Professor of Chemistry at Cornell University. He is the intellectual utility infielder of internet commentary, covering all the bases: culture, politics, finance, and technology, with often surprising views on the the predicaments of our time. Here we attempt to make sense […]

Oil’s Surge Toward $50 Risks Giving OPEC+ Yet Another Headache

With OPEC+ just days from meeting, those countries who favor ratcheting up oil production may be finding some support for their arguments from surging prices. Headline futures contracts jumped 30% this month with Brent at one point on Wednesday hitting $48.75 a barrel, the highest since March. Critically though, a much more fundamental shift has […]

The next commodity supercycle may already be underway

Goldman Sachs is replaying its best-selling hit: it has just proclaimed the start of another commodity supercycle. We are in the very early stages of a supply crunch that will last for years and ultimately drive resource prices through the roof – or so goes the argument. A global monetary and fiscal reflation boom will […]

The World Is $277 Trillion in Debt So Why Aren’t Economists More Worried?

The global economy owes itself nearly four times its annual output and warnings of a “debt bubble” follow record bailouts, record spending promises and we’re in the middle of a global recession deeper than ever before. But economists are keeping calm, carrying on and using war analogies to assure the public that everything will be […]

Prince Charles Agrees with Gates – Reduce the World Population

Prince Charles is no longer fit to become King. The Queen should remove him now from any path to the crown. Athelstan was the first king of all England, and Alfred the Great’s grandson. He reigned between 925 and 939 AD. The monarchy of England faces a cyclical crossroads in 2021. Prince Charles has not only joined […]

Aramco Says No One Hurt in Blast

Saudi Aramco needed about 40 minutes to put out the fire caused by a missile strike on a fuel depot in the Red Sea city of Jeddah, with evidence pointing to a sophisticated attack on the kingdom’s energy infrastructure. No one was hurt in the explosion or blaze, and supplies from the facility in Saudi […]

Aframax tanker ‘attacked’ in Red Sea

The Aframax tanker Agrari was “attacked by an unknown source” early this morning, while at berth in the Red Sea port of Shuqaiq, Saudi Arabia, and suffered a breach, ship management company TMS Tankers said. TMS Tankers, which manages the 107,000 deadweight tonne (dwt) tanker, said it was struck one metre above the waterline and […]

Why a Thriving Civilization in Malta Collapsed 4,000 Years Ago

The Ġgantija temples of Malta are among the earliest free-standing buildings known. Photo credit: Bs0u10e01 / Wikicommons. The mysteries of an ancient civilization that survived for more than a millennium on the island of Malta—and then collapsed within two generations—have been unravelled by archaeologists who analyzed pollen buried deep within the earth and ancient DNA […]

China makes rare, but small, draw on crude oil inventories

(The opinions expressed here are those of the author, a columnist for Reuters.) FILE PHOTO: A China Ocean Shipping Company (COSCO) vessel is seen near oil tanks at the China National Petroleum Corporation (CNPC)’s Dalian Petrochemical Corp in Dalian, Liaoning province, China October 15, 2019. REUTERS/Stringer LAUNCESTON, Australia (Reuters) – One of the standout features […]

The Triumph of Mankind Over the Great Reset

In The Dystopic Great Reset and the Fight Back: Population Reduction and Hope for the Children of Men , our Part I, we developed on our previous essays on planned obsolescence and the problems of the old paradigm as we enter the 4th Industrial Revolution. We looked at how several science fiction works like ‘The […]

China’s oil buying binge to run on in 2021 as tank operators, refiners stock up

FILE PHOTO: A China Ocean Shipping Company (COSCO) vessel is seen near oil tanks at the China National Petroleum Corporation (CNPC)’s Dalian Petrochemical Corp in Dalian, Liaoning province, China October 15, 2019. REUTERS/Stringer China’s oil buying binge to run on in 2021 as tank operators, refiners stock up Energy & Environment Chen Aizhu Muyu Xu […]

Kurt Cobb: Nature on the ballot and the ‘parliament of things’

There were some obvious and even historic ways in which nature was on the ballot this year in the United States: Orange County, Florida voters overwhelmingly approved a charter amendment to give rights to two rivers to be free from pollution. By a margin of 89 percent, voters approved “the right to sue corporate polluters […]

Oil Demand at Pre-Pandemic Levels

Bobby Tudor, chairman of Tudor Pickering Holt & Co., expects global oil demand to follow GDP growth in 2021. He speaks with Bloomberg’s Alix Steel and Guy Johnson on “Bloomberg Markets.”

Tom Wayburn and Gail Tverberg discuss ERoEI

  ·                     Gail Tverberg says: June 11, 2013 at 8:03 am The minimum ERoEI has to be a whole lot higher than 1.0. I am not sure what the right number is. I suspect it is something close to 9.0; certainly at least 5.0. The calculation leaves out way too much. In particular, it does not […]

Greenwash

The harm caused by the climate crisis has become undeniable – and terrifying. The floods, storms and raging fires, and the death and displacement they bring, have contributed to a global upwelling of concern and demands on governments to take action. But this has led to new behaviour by the fossil fuels lobby that will undermine […]

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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