Peak Oil is You

Donate Bitcoins ;-) or Paypal :-)

Page added on November 17, 2019

Bookmark and Share

Why Banning Fossil Fuel Investment Is A Huge Mistake


Activist global warming strategies have now caused the European Investment Bank to ban its fossil fuel project funding. After more than a year of internal and external lobbying by several EU member states and an ever-growing list of activist NGO and pressure groups, the EIB has decided to cut its financial support for all new fossil fuel projects by 2021. It will also support €1 trillion of investments in climate action and environmental sustainability. This is meant to force European countries to put an end to new gas-fueled power projects and keep in line with the Paris Agreements and EU CO2 emission targets. EIB VP Andrew McDowell stated to the press that the EIB’s new energy lending policy, seen as a landmark decision, has been approved with “overwhelming” support. He reiterated that it will bar investments or financing for most fossil fuel projects, including those that employ the traditional use of natural gas.

There is still a small loophole for fossil fuel projects, as the EIB funding will still be available for projects that can show they can produce one kilowatt-hour of energy while emitting less than 250g of carbon dioxide. New technologies could therefore be the savior in the end for traditional gas-burning power plants.

The significance of this decision by the EIB cannot be understated. As a major financial institution, a wide range of energy-related projects inside and outside of the EU, such as gas pipeline projects in Central Asia, Turkey and the recent discussions on East Med offshore gas projects, are now being endangered. While various Green Parties and environmental NGOs are celebrating this move as a major victory, it is a victory that comes with some real risks. The decision, which was largely inevitable after that EU finance ministers unanimously agreed to initiate stricter measures to combat climate change, will put more pressure on all parties to phase out gas, oil and coal projects.

Non-EU projects will be hit hardest, as they will have a much more difficult time trying to find enough lending support for new projects. EIB support has always been an important piece of the energy puzzle, with third parties using it as leverage to arrange finance consortia to start up new gas-related projects.

The decision by the EIB and the EU finance ministers is very much a political one, not based on real assessments of the overall energy market situation inside of the EU, or taking into account economic and geopolitical risks for the regions bordering the EU. Brussels has, for decades, been targeting a higher level of security of energy supply (mainly gas) in order to wean Europe off its Russian gas addiction. This strategy has been far from a success story, with European countries today seemingly more addicted than ever to Russian gas.

Official figures from EuroStat show that natural gas dependency in EU reached an all-time high of 77.9 % in 2018, up from 74.4 % in 2017. While core EU gas consumption is slightly down, imports will have to increase as European gas production is decreasing (Groningen, North Sea). To decrease dependency on Russia, other sources will be needed. Those new sources would normally be supported by the EIB, a support that is now coming to an end in 2021.

At the same time, experts seem to agree that the best way to target lower CO2 emissions in the EU is to substitute oil and coal power generation in Eastern Europe with natural gas. At present these traditional power plants are struggling to find gas supplies. For a functional Paris Agreement strategy to be enacted, natural gas demand must increase. Additional transport infrastructure is also needed, but this decision by the EIB will also impact that.

Even in the most optimistic projections, renewable energy options, such as wind or solar, are not going to be able to counter the need for power generation capacity. If the EIB blocks a soft energy transition via natural gas, the Paris Agreement will almost certainly fail.

Another concern that the EIB seems not to have considered is that the removal of financial support for natural gas related projects in the Mediterranean or Central Asia/Caucasus will challenge the security of supply in the region. The EIB’s economic support has been crucial for key energy projects outside of Europe, not only supplying additional volumes to the EU but also increasing economic growth in politically fragile countries. Energy infrastructure connections also link regions, such as Algeria-EU, Azerbaijan-EU or East Med. Without these viable economic and strategic options available, Western Europe’s renewable energy sector will get maybe a boost, but the security, stability and security of energy supply to Eastern Europe and others will be threatened. The current European focus of energy producers in the Mediterranean and Central Asia can easily shift from West to East if incentives disappear. The EIB’s latest decision may appear sensible on the surface, but the geopolitical and economic fallout of this new policy will likely be disastrous.

By Cyril Widdershoven for


90 Comments on "Why Banning Fossil Fuel Investment Is A Huge Mistake"

  1. Bill Simpson on Sun, 17th Nov 2019 8:29 pm 

    The fools have no idea what they are fooling around with. Soon after oil production begins to decline, for any reason, the world economy has to begin to shrink from less transportation service being available. That is the physics that it takes energy to do transportation work. For a long time yet, oil products will be the cheapest option to provide that transportation energy. Oil products move just about everything that gets moved, including all your food.
    A shrinking economy is called a recession. A constantly shrinking supply of oil will make the recession transform into a financial collapse, as more and more debts cannot be serviced. I guarantee that will take down the entire financial system causing a crisis more severe than anything ever seen since the Industrial Revolution began.
    Today oil is like electricity. Without oil or electricity, billions of people will literally starve to death within 6 weeks.
    It is impossible to replace oil products in time to prevent the collapse. Electrification of transport, mining, and farming would take several decades. A transportation shortage, and subsequent depression will take down the banks a lot faster than that.
    Don’t say you weren’t warned. Remember 2008? That was nothing compared to having less and less oil from lack of investment in oil infrastructure and exploration.

  2. Outcast_Searcher on Sun, 17th Nov 2019 9:25 pm 

    When Europe is the world, re oil production, or energy production generally, be sure and get back to us.

    Meanwhile, looking for opportunities in things like midstream MLP’s looks good, if enough short term thinkers flee them in panic to drive the price of the high quality ones down meaningfully further.

    No doubt, energy will go much greener over the next 3 to 5 decades. But no doubt it will TAKE several decades to do the trick, so abandoning fossil fuels like we won’t need them in 5 to 10 years is utter foolishness.

    Sadly, many people put empty hope before analytic processes like math, physics, economics, etc. That doesn’t change the underlying reality though.

  3. makati1 on Sun, 17th Nov 2019 10:42 pm 

    So true, Outcast. We agree on these points, although the “SEVERAL decades” may be too long for the end, or radical demise, of FFs as energy sources. We will likely be back to sun powered energy via plants and animals. A good thing, I tihnk.

  4. Robert Inget on Mon, 18th Nov 2019 10:33 am 

    Just a tad off topic.

    It’s my view President Trump got himself impeached. Here’s how.

    V. Putin requested Trump put a hold on delivering
    anti tank missiles to UKraine. (Russ at war w/Uk)
    Trump knew he would come under fire doing so.
    Trump and his nutty band came up with a two fold, kill two birds, solution.
    Put a hold on Jav missiles until Uk concocts
    criminal charges against Hunter Biden.

    Trump and company never thought such an action was anything close to impeachment material.
    Even if Dems raised a stink Trump will just say ‘it’s BAU’.

    Like they always say, ‘it’s all in the cover-up’.
    As it happens, Russia and Ukraine are still at war
    over oil and gas. (pipelines)

    Way too many lies told to go back and explain,
    Trump was, in his ham fisted way trying to bring peace between the two. (and make a few millions on the side for himself)

    opinion only, just one of a million possibilities.

  5. Robert Inget on Mon, 18th Nov 2019 10:47 am 

    This writer is investing in doubling solar and storage capacity as a personal hedge against
    a financial collapse.

    In my area of Southern Oregon a price collapse
    of ‘hemp’ will cause lots of green-houses to go on sale, cheap.

    With enough ‘free’ electric power I figue nighttime greenhouse heating should be a snap.

    Instead of smoke, the plan, grow winter veg.

  6. Duncan Idaho on Mon, 18th Nov 2019 11:04 am 

    In my area of Southern Oregon a price collapse

    NorCal also.
    The game is over– it lasted a long time.

  7. Robert Inget on Mon, 18th Nov 2019 11:36 am 

    Is any wonder why ‘growers’ voted against legalized pot?

    Non farmers who invested in land rental, plastic
    weed protection, irrigation, LABOR, either lost money or went broke trying to farm hemp. It hasn’t rained here for two months. Folks all rave
    about how warm and sunny it has been. Little do they know!

    Napa moved to S. Oregon. In 20 yrs Napa will be
    a knocking on Washington State borders.

    Around here, N. CA/S. Oregon is an area known as ‘The State Jefferson’. Everywhere else, S. CA is all the way down to the Central Valley.

    Out migration from CA has always been a thing.
    With Climate Change threatening, to all but Republicans, we will see cities in Oregon and Washington pick up population.

  8. Duncan Idaho on Mon, 18th Nov 2019 12:21 pm 

    Yep, I currently live in Oregon, moved from Mexico– long story.
    I’m back to Maui— my wife has had enough of Oregon. But she is from Manhattan.

  9. Cloggie on Mon, 18th Nov 2019 2:38 pm 

    Italy is showing to way how to combat climate change:

  10. Robert Inget on Mon, 18th Nov 2019 4:06 pm 

    Major buy signal:

    Every one of those ‘settlements’ now have bullseyes on their roof-tops.

    Believe it or don’t this ruling will bring the ‘Arab Street’ together opposing Israel and the US.

    I don’t believe Iran can now stand by w/o activating Hezbollah and other proxy fighters
    in aid of West Bank militants.

    If KSA gets into the fight Iran will pull off another
    oil related attack.

  11. full woke supremacist muzzies jerk on Mon, 18th Nov 2019 4:19 pm 

    Robert Inget on Mon, 18th Nov 2019 4:06 pm
    Grate comment supertard RI. Imma swipe it for my blog.
    Land for peace hasn’t worked since sudatentland and muzzie in syria said thanks for land but need to gouge out eyes of zionests

    thanks for high English, I scored a free one, all grate material for my blog which is will monetize

  12. makati1 on Mon, 18th Nov 2019 7:07 pm 

    US signs of the times:

    “4 Killed In Fresno After Backyard Mass Shooting; Suspects Still At Large”

    “3 Dead In Oklahoma Walmart Shooting”

    Third World Amerika.

  13. makati1 on Mon, 18th Nov 2019 7:42 pm 

    Not l0oking good for your future, Cloggie!

    “Netherlands Headed For Unprecedented Crisis: Millions Of Retirees Face Pensions Cuts Thanks To The ECB

    Looks like, if you are not already retired, you never will be. Awww!

  14. REAL Green on Tue, 19th Nov 2019 7:16 am 

    “Israeli Startup UBQ Says It Has The Answer To Recycling & The Circular Economy” clean technica

    “UBQ is tight-lipped about its technology, but biotechnology expert Oded Shoseyov, a professor at Hebrew University, says melting plastics and waste creates a homogeneous substance strengthened by fibers in the organic ingredients. The trash arriving at the plant is sorted and culled, starting by pulling out large objects like shoes and coffee pots that don’t belong in the refuse stream. Then it passes through a process that separates out ferrous and nonferrous metals, then glass and rocks, before it is shredded into a grayish brown confetti. What happens next depends on the needs of the end user. If the material is going to be used in injection molding, elements that could damage delicate molds are removed. But if the material’s final fate is composite bricks that can be used in construction, the sorting is less rigorous. The conversion stage takes place in a building where as much as 5 tons of waste are fed into a multi-chamber reactor that sits behind a closed sliding door to block prying eyes. Temperatures up to 400º C break down the organic matter into its core elements. It is then re-engineered into a matrix through a secret chemical and physical process that results in what Bigio calls “a thermoplastic, composite, bio-based, sustainable, climate-positive material” — a gray powder that feels like ashes. The final stage turns that powder into long, spaghetti-like strands that are cooled and cut into round or cylindrical pellets in an array of colors as specified by customers.”

  15. REAL Green on Tue, 19th Nov 2019 7:17 am 

    “World Energy Outlook ’19 paints bleak picture for global energy future” renewable energy world

    “What comes through with crystal clarity in this year’s World Energy Outlook is there is no single or simple solution to transforming global energy systems,” said Dr Fatih Birol, the IEA’s executive director. “Many technologies and fuels have a part to play across all sectors of the economy… In the Current Policies Scenario, energy demand rises by 1.3 per cent a year to 2040, resulting in strains across all aspects of energy markets and a continued strong upward march in energy-related emissions… the momentum behind clean energy is insufficient to offset the effects of an expanding global economy and growing population. The rise in emissions slows but does not peak before 2040… Right now, efficiency improvements are slowing: the 1.2 per cent rate in 2018 is around half the average seen since 2010 and remains far below the 3 per cent rate that would be needed”

  16. REAL Green on Tue, 19th Nov 2019 7:18 am 

    “Germany could face power shortages if onshore wind grows too slow” renewable energy world

    “Germany’s onshore wind crisis, which is already cutting into company profits and costing jobs, may also begin to weaken defenses against blackouts. That’s the conclusion of analysts who see electricity risks mounting in Europe’s biggest economy, where construction of new onshore wind parks has dropped to a standstill because of a flood of environmental complaints. German industry will need new power sources in coming years to ensure security of supply as coal and nuclear stations are decommissioned.”

  17. REAL Green on Tue, 19th Nov 2019 7:18 am 

    “Climate change triggers a chain reaction that threatens the heart of the Pacific” faster than expected

    “SNIP: The salmon catch is collapsing off Japan’s northern coast, plummeting by about 70 percent in the past 15 years. The disappearance of the fish coincides with another striking development: the loss of a unique blanket of sea ice that dips far below the Arctic to reach this shore. The twin impacts – less ice, fewer salmon – are the products of rapid warming in the Sea of Okhotsk, wedged between Siberia and Japan. The area has warmed in some places by as much as 3 degrees Celsius (5.4 degrees Fahrenheit) since preindustrial times, making it one of the fastest-warming spots in the world, according to a Washington Post analysis of data from the nonprofit organization Berkeley Earth”

  18. DerHundistLos on Tue, 19th Nov 2019 7:26 am 

    What, Me Worry? Humans Are Blind to Imminent Environmental Collapse

    A curious thing about H. sapiens is that we are clever enough to document — in exquisite detail — various trends that portend the collapse of modern civilization, yet not nearly smart enough to extricate ourselves from our self-induced predicament.

    This was underscored once again in October when scientists reported that flying insect populations in Germany have declined by an alarming 75 per cent in the past three decades accompanied, in the past dozen years, by a 15 per cent drop in bird populations. Trends are similar in other parts of Europe where data are available. Even in Canada, everything from casual windshield “surveys” to formal scientific assessments show a drop in insect numbers. Meanwhile, domestic populations of many insect-eating birds are in freefall. Ontario has lost half its whip-poor-wills in the past 20 years; across the nation, such species as nighthawks, swallows, martins and fly-catchers are down by up to 75 per cent; Greater Vancouver’s barn and bank swallows have plummeted by 98 per cent since 1970. Heard much about these things in the mainstream news?

    Too bad. Biodiversity loss may turn out to be the sleeper issue of the century. It is caused by many individual but interacting factors — habitat loss, climate change, intensive pesticide use and various forms of industrial pollution, for example, suppress both insect and bird populations. But the overall driver is what an ecologist might call the “competitive displacement” of non-human life by the inexorable growth of the human enterprise.

    On a finite planet where millions of species share the same space and depend on the same finite products of photosynthesis, the continuous expansion of one species necessarily drives the contraction and extinction of others. (Politicians take note — there is always a conflict between human population/economic expansion and “protection of the environment.”)

    Remember the 40 to 60 million bison that used to roam the great plains of North America? They — along with the millions of deer, pronghorns, wolves and lesser beasts that once animated prairie ecosystems — have been “competitively displaced,” their habitats taken over by a much greater biomass of humans, cattle, pigs and sheep. And not just North Americans — Great Plains sunshine also supports millions of other people-with-livestock around world who depend, in part on North American grain, oil-seed, pulse and meat exports.

    Competitive displacement has been going on for a long time. Scientists estimate that at the dawn of agriculture 10,000 years ago, H. sapiens comprised less than one per cent of the total weight of mammals on the planet. (There were probably only two to four million people on Earth at the time.) Since then, humans have grown to represent 35 per cent of a much larger total biomass; toss in domestic pets and livestock, and human domination of the world’s mammalian biomass rises to 98.5 per cent!

    One needs look no further to explain why wildlife populations globally have plunged by nearly 60 per cent in the past half century. Wild tigers have been driven from 93 per cent of their historic range and are down to fewer than 4,000 individuals globally; the population of African elephants has imploded by as much as 95 per cent to only 500,000 today; poaching drove black rhino numbers from an already much reduced 70,000 in 1960 to only 2,500 individuals in the early 1990s. (With intense conservation effort, they have since rebounded to about 5,000). And those who still think Canada is still a mostly pristine and under-populated wilderness should think again — half the wildlife species regularly monitored in this country are in decline, with an average population drop of 83 per cent since 1970. Did I mention that B.C.’s southern resident killer whale population is down to only 76 animals? That’s in part because human fishers have displaced the orcas from their favoured food, Chinook salmon, even as we simultaneously displace the salmon from their spawning streams through hydro dams, pollution and urbanization.

    The story is similar for familiar species everywhere and likely worse for non-charismatic fauna. Scientists estimate that the “modern” species extinction rate is 1,000 to as much as 10,000 times the natural background rate. The global economy is busily converting living nature into human bodies and domestic livestock largely unnoticed by our increasingly urban populations. Urbanization distances people psychologically as well as spatially from the ecosystems that support them.

    The human band-wagon may really have started rolling 10 millennia ago but the past two centuries of exponential growth greatly have accelerated the pace of change. It took all of human history — let’s say 200,000 years — for our population to reach one billion in the early 1800s, but only 200 years, 1/1000th as much time, to hit today’s 7.6 billion! Meanwhile, material demand on the planet has ballooned even more — global GDP has increased by over 100-fold since 1800; average per capita incomes by a factor of 13. (rising to 25-fold in the richest countries). Consumption has exploded accordingly — half the fossil fuels and many other resources ever used by humans have been consumed in just the past 40 years. (See graphs in: Steffen, W et al. 2015. The trajectory of the Anthropocene: The Great Acceleration. The Anthropocene Review, Volume: 2 Issue: 1, page(s): 81-98.)

    Why does any of this matter, even to those who don’t really give a damn about nature per se? Apart from the moral stain associated with extinguishing thousands of other life-forms, there are purely selfish reasons to be concerned. For example, depending on climate zone, 78 per cent to 94 per cent of flowering plants, including many human food species, are pollinated by insects, birds and even bats. (Bats — also in trouble in many places — are the major or exclusive pollinators of 500 species in at least 67 families of plants.) As much as 35 per cent of the world’s crop production is more or less dependent on animal pollination, which ensures or increases the production of 87 leading food crops worldwide.

    But there is a deeper reason to fear the depletion and depopulation of nature. Absent life, planet earth is just an inconsequential wet rock with a poisonous atmosphere revolving pointlessly around an ordinary star on the outer fringes of an undistinguished galaxy. It is life itself, beginning with countless species of microbes, that gradually created the “environment” suitable for life on Earth as we know it. Biological processes are responsible for the life-friendly chemical balance of the oceans; photosynthetic bacteria and green plants have stocked and maintain Earth’s atmosphere with the oxygen necessary for the evolution of animals; the same photosynthesis gradually extracted billions of tonnes of carbon from the atmosphere, storing it in chalk, limestone and fossil fuel deposits, so that Earth’s average temperature (currently about 15 C) has remained for geological ages in the narrow range that makes water-based life possible, even as the sun has been warming (i.e. stable climate is partially a biological phenomenon.); countless species of bacteria, fungi and a veritable menagerie of micro-fauna continuously regenerate the soils that grow our food. (Unfortunately, depletion-by-agriculture is even faster — by some accounts we have only just over a half-century’s worth of arable soils left).

    In short, H. sapiens depends utterly on a rich diversity of life-forms to provide various life-support functions essential to the existence and continued survival of human civilization. With an unprecedented human-induced great global die-off well under way, what are the chances the functional integrity of the ecosphere will survive the next doubling of material consumption that everyone expects before mid-century?

    Here’s the thing: climate change is not the only shadow darkening humanity’s doorstep. While you wouldn’t know it from the mainstream media, biodiversity loss arguably poses an equivalent existential threat to civilized existence. While we’re at it, let’s toss soil/landscape degradation, potential food or energy shortages and other resource limits into the mix. And if you think we’ll probably be able to “handle” four out of five such environmental problems, it doesn’t matter. The relevant version of Liebig’s Law states that any complex system dependent on several essential inputs can be taken down by that single factor in least supply (and we haven’t yet touched upon the additional risks posed by the geopolitical turmoil that would inevitably follow ecological destabilization).

    Which raises questions of more than mere academic interest. Why are we not collectively terrified or at least alarmed? If our best science suggests we are en route to systems collapse, why are collapse — and collapse avoidance — not the primary subjects of international political discourse? Why is the world community not engaged in vigorous debate of available initiatives and trans-national institutional mechanisms that could help restore equilibrium to the relationship between humans and the rest of nature?

    There are many policy options, from simple full-cost pricing and consumption taxes; through population initiatives and comprehensive planning for a steady-state economy; to general education for voluntary (and beneficial) lifestyle changes, all of which would enhance global society’s prospects for long-term survival. Unique human qualities, from high intelligence (e.g., reasoning from the evidence), through the capacity to plan ahead to moral consciousness, may well be equal to the task but lie dormant — there is little hint of political willingness to acknowledge the problem let alone elaborate genuine solutions (which the Paris climate accord is not).

    Bottom line? The world seems in denial of looming disaster; the “C” word remains unvoiced. Governments everywhere dismissed the 1992 scientists’ Warning to Humanity that “…a great change in our stewardship of the Earth and the life on it is required, if vast human misery is to be avoided” and will similarly ignore the scientists’ “second notice.” (Published on Nov. 13, this warning states that most negative trends identified 25 years earlier “are getting far worse.”) Despite cascading evidence and detailed analysis to the contrary, the world community trumpets “growth-is-us” as its contemporary holy grail. Even the United Nations’ Sustainable Development Goals are fixed on economic expansion as the only hammer for every problematic nail. Meanwhile, greenhouse gases reach to at an all-time high, marine dead-zones proliferate, tropical forests fall and extinctions accelerate.

    Just what is going on here? The full explanation of this potentially fatal human enigma is no doubt complicated, but Herman Melville summed it up well enough in Moby Dick: “There is no folly of the beasts of the earth which is not infinitely outdone by the madness of men.” [Tyee]

  19. JuanP on Tue, 19th Nov 2019 11:04 am 

    In case y’all missed my self-important trolling and ID theft. Check this out:

    Excluding my ID Theft and Sock Puppetry, I am spending less time on this lame unmoderated forum to concentrate on being a drag queen. I do want to thank all those who have attacked me with giving me material for growth. I need any help I can get being a high school dropout. I have saved the best of my comments for my new blog. I have years worth of material. I have enjoyed moderating the worst of you and neutering your selfish useless agendas. I will still be here it is just I will be spending more time putting out a blog. I don’t expect much of a following with my blog. This is more a personal effort to assemble what I have learned over the last 10 years to suck cock. For the stalkers here I hope you find my web page with my revealing pictures of my small but cute penis

    I guess I could have joined the moderated section at PO dot com, but I knew I’d get my ass permanently banned because I am the forum troll. I’ll try not to let the door smack me up the backside on the way out.

    Goodbye to ALL of you dumbasses.

  20. Davy on Tue, 19th Nov 2019 11:09 am 

    I said that juanpee.


  21. REAL Green on Tue, 19th Nov 2019 11:20 am 

    I copied and pasted all the articuls above cause it makes me feel real smart that I lurned myself how to use ‘CTR C’ and ‘CTR V’. For anyone that didn’t try it before you should. It’s real fun.

  22. Cloggie on Tue, 19th Nov 2019 2:02 pm 

    10 MW REFHYNE Electrolyzer Project for Shell Germany

  23. Robert Inget on Tue, 19th Nov 2019 2:24 pm 

    Iran, US are getting ready to duke it out over oil.

    Can’t wait to see how much of the SPR was withdrawn last week just to keep markets hot.

    Trump is using SPR, FED as a political weapons,
    This entire con will tumble down once a person turns their back.

  24. Cloggie on Tue, 19th Nov 2019 2:47 pm 

    Hydrogen Big Bang?

    Scientists from the Netherlands, China, Japan and Singapore achieve breakthrough in electrolysis of water electrolyzer throughput with a factor of 20, using a nickel-platinum alloy catalyst as well as nano-technology, that greatly increases the active catalyst surface.

    It should be possible to convert 10 MW with an electrolyzer with the size of an ordinary household fridge.

    An interesting application would be to decentralize storage and place such a converter in residential areas, greatly reducing the grid load.

    Another application would be to attach this electrolyzer directly to a wind tower, on- or offshore, and convert electricity “on the spot”:

    More teeth grinding in collapsenik land.LOL!


  25. Robert Inget on Tue, 19th Nov 2019 2:59 pm 

    “Big Bang” may not be the most reassuring headline for any hydrogen advancement.

  26. Cloggie on Tue, 19th Nov 2019 3:05 pm 

    It certainly would assure that a lot of H2 has been produced, and that is what matters.

  27. Duncan Idaho on Tue, 19th Nov 2019 4:40 pm 

    Iran, US are getting ready to duke it out over oil.

    Not on a physical attack– even the Fat Boy had that explained to him, and nothing happened.
    The world economy would be in a deep depression in 15 minutes with a attack on Iran.
    Even the Fat Boy can understand.

  28. makati1 on Tue, 19th Nov 2019 4:47 pm 

    I have to agree with you Duncan, but shit happens. I would not be surprised to wake up some morning and read the headline

    “Iran ….. Israel……! We are now at war with the Iran”

    Trump is draining the swamp by blowing it up. Isolating/destroying the US from within.

  29. Duncan Idaho on Tue, 19th Nov 2019 7:07 pm 

    but shit happens.
    But it plain to even the greed heads raping the public in trump land that they would get their asses handed to them.
    Even theses despicable dick heads would see.

  30. makati1 on Tue, 19th Nov 2019 9:29 pm 

    Maybe, Duncan, and maybe not. If they think they are losing and there is nothing else to lose by trying…who knows what may happen?

    Better there than in S.E.Asia where I live. Better an economic collapse than a shooting war. It would take Amerika down, which is what I am hoping for. And soon.

  31. Cloggie on Tue, 19th Nov 2019 11:20 pm 

    Car sales:

    Europe +9%
    China -11%

  32. print baby print on Wed, 20th Nov 2019 12:54 am 

    Does anyone normal can even think that the banks care about anything else except of profit.

  33. makati1 on Wed, 20th Nov 2019 1:26 am 

    print, they care about control as much as profit. the Banksters run everything. Most are Jews. Time they are taken down along with the US/West. Maybe a level where barter and trade prevails? We shall see.

  34. makati1 on Wed, 20th Nov 2019 1:32 am 

    Really Cloggie? And you know that stat is a fact, not propaganda?

    “Europe Car Sales Extend Downward Spiral With Worst Drop of 2019”

    “European Car Sales Plunge, Deepening Industry Woes”


    “Petrol vehicles increase domination of European sales”

    Believe what you will, Cloggie, but the trend is DOWN!.

  35. Cloggie on Wed, 20th Nov 2019 3:02 am 

    Your Bloomberg ref is from july, my der Spiegel ref from today.

    (apparently your Bloomberg is not “

    The upsurge is from recent months.
    Both articles are correct. There is no reason to lie about car sales.

    You and your buddy from the Ozarks are suffering from collapse blinders. True Collapse Believers, you both.

  36. print baby print on Wed, 20th Nov 2019 3:02 am 

    Mak we are all the same , the rest of us can only be jealous on Jews. Don’t be fooled if weren’t Jews it would be some others

  37. Davy on Wed, 20th Nov 2019 3:35 am 

    “The upsurge is from recent months.” Both articles are correct. There is no reason to lie about car sales. You and your buddy from the Ozarks are suffering from collapse blinders. True Collapse Believers, you both.”

    Typical cherry picking cloggo who sniffs out those goal seeking numbers. cloggo, check out YOY numbers or year to date trend. We all know numbers will bounce around month to month. Your decline is just now gathering wind. You got pain ahead golden boy. OH, yea, we do too but I am honest about it and you are not.

  38. DerHundistLos on Wed, 20th Nov 2019 7:39 am 

    Thank GOD for environmental groups like Earthjustice, League of Conservation Voters, Environmental Defense Fund, etc. and the courts otherwise the Trump administration would have gutted every hard fought environmental law of the last 100 years. Problem is Trump has access to unlimited public tax receipts to destoy the natural world.

    God willing the Trump cancer will be excised in just 12 more months.

    Breaking news:

    “A federal court ruled yesterday that the Trump administration failed to protect critically endangered North Atlantic right whales when opening nearly 3,000 square miles of previously protected New England marine waters to dangerous fishing gear known to entangle, injure, and kill right whales.”

    Why it matters — Nearly 30 North Atlantic right whales have been killed by human activity since Trump assumed office. Up until 2017, the population was beginning to rebound. With only around 400 left on Earth, protecting their habitat is more critical than ever. The National Marine Fisheries Service has stated that even a single death is a threat to the species’ survival.

  39. Robert Inget on Wed, 20th Nov 2019 8:46 am 

    With Venezuelan and Iranian crude almost nada,
    Iraqi exports blocked by protesters, Nigerian
    pipelines cut, shipping companies can’t find ‘the right kind of oil’ to satisfy 25% of world consumption.
    (1/1/20 vessels must make the shift from the cheapest sort of refinery waste oil to diesel)

    Trump can keep the lid on US price by dipping
    into SPR at an alarming rate. He’s right about one thing, if oil goes above $70 we are in for a huge
    depression. ANY rise today represents a huge tax rise.

    However, Trump has no control over international
    shipping. Bunker fuel is out and expensive diesel is in. Shipping represents 25% of consumption.

    While hard rock shale makes ok gasoline, it doesn’t have the balls to make jet fuel and diesel.

    So, there you have it. Before EVERY economic failure, we see oil prices explode higher.

    Food will be hardest hit in the beginning.

  40. Robert Inget on Wed, 20th Nov 2019 8:51 am

    I forgot a link.
    Just Google; ‘shipping converts from cheap bunker to expensive diesel’. (or words like that)

  41. Duncan Idaho on Wed, 20th Nov 2019 9:48 am 

    The world runs on diesel.
    Shale produces very little diesel.

  42. Davy on Wed, 20th Nov 2019 10:40 am 

    “It’s Not Sustainable:” PG&E Rolling Blackouts To Hit 181,000 Customers Wednesday” zero hedge

    “Seriously, every time the wind blows in California, it transforms into a third world country with rolling blackouts. And if you’ve ever been to let’s say South America where this happens frequently, it’s not a pleasant thing to experience. So Californians will get another taste of what it’s like to live in Venezuela or Argentina on Wednesday. Nearly 181,00 customers in Northern California on early Wednesday will see their power cutoff so that Pacific Gas and Electric Company (PG&E) can avoid sparking another deadly wildfire. The National Weather Service (NWS) posted “red flag warnings” for parts of the Bay Area, Sacramento, Paradise, and even up to Redding. Northly winds are expected to be in the 40-55 mph range, with some gusts over 55 mph, which could damage electric lines and spark wildfires, one of the main reasons why PG&E wants to cut power.”

  43. REALGreen on Wed, 20th Nov 2019 10:42 am 

    good practice for the likelihood of an unstable grid from strong renewable penetration

  44. Not REAL Green on Wed, 20th Nov 2019 11:16 am 

    REALGreen on Wed, 20th Nov 2019 10:42 am

  45. Robert Inget on Wed, 20th Nov 2019 11:48 am 

    California is always the future.
    We are too slowly coming to the realization, decentralized power is the solution not simply an
    option for the very rich and third world poor.

    In every instance, hi boltage power lines are the
    Watch the price of home power and grid tie
    be offered by not so ligit and honest electrical contractors with ‘home improvement’ financing.
    In California, Hawaii and other high power cost states we are already seeing this.

  46. Robert Inget on Wed, 20th Nov 2019 12:41 pm 

    Iran is suddenly seeing its largest protests in years, in over 100 cities — and the government’s cracking down hard.

    Amnesty International reports more than 100 deaths, while exile groups put the figure above 200; official media admit to more than 1,000 arrests. In a bid to stifle further demonstrations, the regime has imposed a nationwide Internet blackout and banned reporters from covering the protests.

    The anger broke out Friday after Tehran announced fuel rationing and a price increase of 50 percent. But protesters are now chanting, “Death to Rouhani” and “Death to Khamenei” — denouncing Iran’s president and its actual supreme leader — as well as “Death to the dictator.”

    Nothing to see here folks, just keep moving.
    As long a Iran and Iraq (both on fire) keep shipping oil, Western Civilization will survive.
    (at least till next Wednesday)

  47. Davy on Wed, 20th Nov 2019 12:42 pm 

    “We are too slowly coming to the realization, decentralized power is the solution not simply an option for the very rich and third world poor.”

    AH, Bob, not for the type of renewable transition your fake green friends are talking about. Those fantasy plans are going to need many times the amount of High voltage transmission lines along with many other storage strategies all costing enormous amounts and requiring centralization. That is in addition to enormous amounts of solar panels and wind turbines. REAL Green is pro decentralization but acknowledges the consequences which means a severely limited world in regards to productivity and output. FAKE Green is pro tech and pro big interconnected complicated systems. Just ask the board techno optimist the cloggo.

  48. JuanP garbage on Wed, 20th Nov 2019 12:43 pm 

    This is the stupid school drop out. can you tell by the mindless repetition. LOL

    Not REAL Green said REALGreen on Wed, 20th Nov 2019 10:42 am

    More Hurt Widdle Davy ID Theft said JuanP on Wed, 20th Nov 2019 10:35 am

  49. Robert Inget on Wed, 20th Nov 2019 12:54 pm 

    Here’s the awful truth.
    Once a government uses live bullets on demos,
    that political party is finished for decades.
    Iran’s leaders need watch their backs.

    The exceptions are rare. Chinese Communists gunned down hundreds (Tiananmen Square) and survived, or, maybe not. See Hong Kong clashes.

    The Syrian Government would have crashed and burned were it not for Russian intervention.
    The same is true in Venezuela. Oil still rules.
    In the end, Democracy almost always wins out.

  50. Robert Inget on Wed, 20th Nov 2019 2:41 pm 

    Israel says it has hit dozens of targets in Syria belonging to the government and allied Iranian forces.

    The Israeli military says the “wide-scale strikes” responded to rockets fired by an Iranian unit into Israel.

    Syria says two civilians died and that Syrian air defences shot down most of the missiles over Damascus. Other reports say the death toll was higher.

    Local reports said loud explosions were heard in the capital. Pictures on social media showed a number of fires.

    Israel hits ‘Iranian killer drone sites’ in Syria
    Iran’s network of influence in Mid-East ‘growing’
    Profile: Iran’s Revolutionary Guards
    On Tuesday morning, the Israeli military said it had intercepted four rockets fired from Syria towards northern Israel. It said the rockets did not hit the ground.

    AS I wrote Monday and Tuesday Israel is doubling down on attacking Iranian assets.
    Israel is betting, Because of Iran’s current wave of protests Israel will be able to potentiate a crisis
    within Iran.

    I’m betting Israel’s air attacks will do exactly the
    reverse. IOW’s, unite Iranian peoples against a common enemy.

    Bombing Iranian positions in Syria is nothing new.
    But, at this period of political ‘unrest’ in Iran (and Iraq) bombings give Iraq and Iran an excuse to
    call on both populations to war on BOTH Israel and Saudi Arabia… (why Trump sent 3,500 US troops to KSA) gotta ‘defend our oil’ doncha know.

    No way these latest attacks won’t be used to create a ME firestorm. It’s in everyone’s interest
    (mistakely, IMO) to use Saudi and Israeli militancy
    as an excuse for local corruption and leadership failure in Iran and Iraq.

    If any of this interests you, look up the meaning
    of the term; “casus belli”
    defined: casus belli
    [ˈkäsəs ˈbelē, ˈkāsəs ˈbelˌī]
    ‘An act or situation provoking or justifying war’.

    BOTH leaders of US and Israel are in deep shit
    with the law. Neither wishes to go to prison.
    Now, look up: “Tail wags dog”

    We (or the Israelis) are prone to dismiss a president in time of war.

    What most terrorizes me; There are No Good Guys here.
    Figure, Saudi Arabia and Israel have nuclear
    weapons. Iran could have N weapons in a matter of months. Or, simply buy them from NK.
    Millions could perish.

    At the end of the day a smoldering Mid East
    will be largely uninhabitable.

    Trump of course, blames Obama.

Leave a Reply

Your email address will not be published. Required fields are marked *