How to Navigate the ‘Great Reset’

Pandemic lockdowns are coming to an end in the U.S., and with them, a massive economic recovery has begun. The closest parallel is the post-World War II era. That period created a massive societal “reset” in terms of employment, housing, infrastructure, wages and financial markets — just like now. Consider the circumstances of both periods. […]

‘Insanely cheap energy’: how solar power continues to shock the world

In the year 2000, the International Energy Agency made a prediction that would come back to haunt it: by 2020, the world would have installed a grand total of 18 gigawatts of photovoltaic solar capacity. Seven years later, the forecast would be proven spectacularly wrong when roughly 18 gigawatts of solar capacity were installed in […]

Is This The First Truly Global Gas Price Benchmark?

In the world of energy, size matters. Therefore, large producers and consumers can influence global markets while smaller players have to acquiesce to developments. One outlier has been the Netherlands, which historically is a ‘natural gas country’ due to its sizeable reserves. The medium-sized European country’s virtual trading hub Titel Transfer Facility, or TTF, is […]

Gas Is Going To $5 Per Gallon: First In California, Then Across The Country

Get ready for $5 per gallon gasoline – especially if you live in California. At least, that was the contention of a new WSJ op-ed that claims higher taxes and environmental regulations are both driving up the price of gas. Author Allysia Finley notes that the average cost at the pump in California is now $4.18 […]

Did China Just Sound The Death Knell For Venezuela’s Oil Industry?

China has announced that it will impose taxes on heavy sour crude, a move that could hit Venezuela hard as it continues to struggle with U.S. sanctions and a dilapidated oil industry. Media reports suggest as many as 400,000 bpd of Venezuelan oil could be orphaned as new Chinese tax laws make it impossible for […]

The Great Unfunded Green-Hydrogen Dream

Europe’s oil refiners have big plans to boost the use of green hydrogen to help them make fuel, an important component of the petroleum industry’s plans to cut its operational carbon emissions. But with the clock ticking in the battle against climate change, the reality of what the industry has committed to remains modest. Green […]

Brazil on drought alert, faces worst dry spell in 91 years

Brazil’s government agencies warned of droughts this week as the country faces its worst dry spell in 91 years, increasing fears of energy rationing, hitting hydroelectric power generation and agriculture while raising the risk of Amazon fires. Late on Thursday, the Electricity Sector Monitoring Committee (CMSE), which is linked to Brazil’s Mines and Energy Ministry, […]

Is the next ‘peak oil’ going to be its final one too?

What if the next ‘peak oil’ is the last one? According to analysts, this could happen anytime between now and 2040. The International Monetary Fund (IMF) estimates peak oil to be around 2040 itself. These estimates, nonetheless, were made before the ramifications of the pandemic were fully grasped. That said, peak oil may be sooner […]

China maintains ‘artificial sun’ at 120 million Celsius for over 100 seconds, setting new world record

Thermo image of inside of the “artificial sun” fusion reactor Photo: screenshot of Xinhua China broke the record by keeping the Experimental Advanced Superconducting Tokamak (EAST) by achieving plasma temperature at 120 million Celsius for 101 seconds and 160 million Celsius for 20 seconds, a major step toward the test run of the fusion reactor. […]

It’s wrong to blame ‘overpopulation’ for climate change

“Why is the impact of population growth infrequently mentioned? A couple producing more than two children will impact carbon emissions to a greater degree than any other activity. That impact cannot be offset by any practicable lifestyle change; switching to vegetarianism doesn’t come close to balance the scales.” — James, Lebanon, Pa. When the Census […]

US Crude Oil, Fuel Consumption Surges Ahead Of Summer Driving Season

US crude oil and fuel stockpiles fell sharply last week on accelerated demand from refiners ahead of the start of the peak summer driving in an economy rebounding rapidly from COVID-19 suppression, data from the Energy Information Administration (EIA) showed Wednesday WASHINGTON (UrduPoint News / Sputnik – 26th May, 2021) US crude oil and fuel […]

Why Biden’s War On Gas And Oil Is A Crippling Pipe Dream

Ignoring the graphic lesson of the havoc a pipeline shutdown can bring, Michigan’s governor, Gretchen Whitmer, is trying to close the operations of a critical oil-and-gas pipeline that serves Canada and the Midwest. Her stated rationale doesn’t hold oil, er, water. Her real rationale is hostility to the oil and natural gas industry—a hostility that […]

Bill Gates and population

What’s the connection between the tech billionaire and population concern? It appears a surprisingly large number of people believe Gates is on a mission to wipe out the human species through forced injection with fertility-blocking, mind-controlling or otherwise poisonous substances and ‘microchips’ disguised as COVID-19 vaccines. Some even believe the COVID-19 pandemic was deliberately engineered […]

‘Time is running out’: Planet on course to hit a critical temperature limit soon

The likelihood of the planet reaching a key temperature limit within the next five years has doubled, according to a study by climate scientists, with the world on track to witness the hottest year on record in that same time frame. “There is about a 40% chance of the annual average global temperature temporarily reaching […]

Expect to pay more for gasoline, electricity, natural gas this summer

It’s not just cars, houses and lumber that are getting more expensive this summer. Be ready to shell out more money for energy this summer, too, the Michigan Public Service Commission said in its May 26 report. Gasoline, electricity and natural gas are all expected to keep getting pricier. Gasoline may be the most noticeable, […]

Global oil demand has risen to 95 mln bpd

The global oil market is rebalancing, and oil demand has risen to 95 million barrels per day, Sultan Ahmed Al Jaber, chief executive of the Abu Dhabi National Oil Company, said on Thursday. The longer-term forecast has demand rising to 106 million bpd by 2030, Al Jaber said during the Columbia Global Energy Summit. The […]

Has IEA Resorted to Political Gimmickry?

On May 18, the International Energy Agency (IEA) unveiled a report that it claims is the “world’s first comprehensive study” of how to achieve a net-zero emissions energy system by 2050. In a press release the IEA contends its report outlines a plan for reaching that goal while “ensuring stable and affordable energy supplies, providing […]

If A, Then…Meh?

“There are only nine meals between mankind and anarchy.” – Alfred Henry Lewis “So, first, we recognize that victims of cyberattacks often face a very difficult situation.  And they have to just balance off, in the cost-benefit, when they have no choice with regard to paying a ransom.  Colonial is a private company, and we’ll […]

Humans Are Quietly Going Extinct

It’s not the hostage situation of climate change, racial equality, or police reform. It isn’t merely a new coronavirus or nuclear war. This overlooked research makes all of those issues meaningless. The end of human procreation is right around the bend with a target date of 2045 if human fertility continues its race to the […]

Was Ruppert Right?

We are just over a hundred days into the Biden Administration and already there is a series of “crisis” taking place. Immigration, war in the middle east, a gas shortage, domestic terrorism, cyber-attacks, and a pandemic that was supposed to end after a two-week lockdown that extended to a year and a half in parts […]

Macro drivers signal higher oil prices in 2022

While big macro drivers-including a weaker USD, inflation and monetary easing all point to higher oil prices in 2022, micro headwinds (Iran, India’s 2nd wave) may fade in the second half 2021, according to a new a BofA Global Research report. A post-Covid scenario marked by a permanent reduction in mass transit use could quickly […]

The 5 mass extinction events that shaped the history of Earth — and the 6th that’s happening now

For the last 10,000 years, Earth has been in the midst of yet another extinction event that is rapidly removing animals from our planet. Scientists define a mass extinction as around three-quarters of all species dying out over a short geological time, which is anything less than 2.8 million years, according to The Conversation. Right […]

What Climate Science Tells Us, What It Doesn’t, And Why It Matters

On January 8, 2014, at New York University in Brooklyn, there occurred a unique event in the annals of global warming: nearly eight hours of structured debate between three climate scientists supporting the consensus on manmade global warming and three climate scientists who dispute it, moderated by a team of six leading physicists from the […]

World Oil Supply To Increase Further As OPEC+ Alliance Continues To Ease Output Cuts

The International Energy Agency (IEA) stated in its latest monthly update for May 2021 that global oil consumption is now forecast to rise by 5.4 mb/d in 2021, 270 kb/d lower than in previous Report. Europe and OECD Americas have been revised down by 320 kb/d and 515 kb/d respectively in 1Q21, while India’s Covid […]

The IEA Sees The End Of Oil And Gas Investment (But Don’t Bet On It)

Blind people are now circling the elephant that is the IEA Net Zero 2050 report, some finding a beautiful tree, others a slimy snake. The coverage of this report is an excellent example of ‘where you sit determines where you stand’ with climate change advocates hailing “IEA’s net zero emissions by 2050 maps the huge […]

EIA: Natural gas and oil will remain integral

Natural gas and oil will remain central to meeting our nation’s energy needs well into the future — so says the nonpartisan U.S. Energy Information Administration (EIA) in its 2021 Annual Energy Outlook. This analysis is critically important given the Biden administration’s apparent shift away from the previous administration’s focus on building American energy dominance […]

Could liquefied natural gas be one solution to climate change

Climate change and the goal of net-zero emissions by 2050 have cast Canada’s oil and gas producers in the role of bad guys in black hats. Now, producers of natural gas hope to recast themselves as white-hatted good guys, with proposals for LNG (liquefied natural gas) ports on the Pacific and Atlantic coasts. LNG would […]

Saudi Aramco Still Most Profitable Oil Company, Despite Lower Production

Despite OPEC+ output reductions and the extra 1 million barrels per day (bpd) voluntarily cut by Saudi Arabia that lowered the Kingdom’s crude oil output to around 8 million bpd in February and March (the lowest level since 2008), Saudi Aramco remained the most profitable oil company in the world in the first quarter (Q1) […]

David Suzuki: Stop The Spread

In 1970, most nations joined the Treaty on the Non-Proliferation of Nuclear Weapons to make the world safer from humanity’s worst self-destructive impulses (only India, Israel, North Korea, Pakistan and South Sudan are not signatories). Now the world faces a threat as great as or greater than nuclear weapons: global warming. That’s led to calls for […]

$70 Oil, $200 Iron, $10000 Copper: Commodities Smash Milestones

When headline crude futures topped $70 a barrel on Tuesday, it was just the latest landmark in a banner year for raw materials. From copper to iron ore and oil, prices have rallied broadly in 2021, as the global economy emerges from the depths of the coronavirus pandemic and fires up demand. The Bloomberg Commodity […]

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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