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The ‘big three’ now rule the global energy market, says Daniel Yergin

The ‘big three’ now rule the global energy market, says Daniel Yergin thumbnail

Russian President Vladimir Putin and Chinese President Xi Jinping “are cooking something up—and I think it goes beyond blinis,” says the Pulitzer Prize-winning energy expert Daniel Yergin, referring to the time when the two leaders took a break from an economic forum in Vladivostok to make the Russian pancakes. The balance of power in the […]

Gavin Newsom’s Energy Hubris Relates Directly To “Peak Oil”

Gavin Newsom’s Energy Hubris Relates Directly To “Peak Oil” thumbnail

On the hood of an electric car, California Gov. Gavin Newsom signs an executive order requiring all … [+] new passenger vehicles sold in the state to be zero-emission by 2035 after a press conference on Wednesday, Sept. 23, 2020, at Cal Expo in Sacramento. (Daniel Kim/The Sacramento Bee via AP, Pool)   Three big […]

From Ego To Empire, All Our Problems Stem From The Impulse To Control

From Ego To Empire, All Our Problems Stem From The Impulse To Control thumbnail

The human organism arrives in this world squishy, defenseless and easily startled, which it turns out is really starting things off on the wrong foot. Because of the size of our newly-evolved brains relative to the birth canal, humans have to give birth to what are essentially fetuses, far more helpless for a much longer […]

Daniel Yergin’s sobering and smart take on the global state of energy

Daniel Yergin’s sobering and smart take on the global state of energy thumbnail

At a time when solid facts and reasoned arguments are in retreat, Daniel Yergin rides to the rescue. The Pulitzer Prize-winning author and energy savant is armed to the teeth with enough telling statistics to sink an oil tanker in “The New Map: Energy, Climate, and the Clash of Nations” (Penguin Press, 512 pp., ★★★★ out of […]

Kunstler: The Ghost in the Machine

Public Policy

The abiding mystery of the 2020 election is how come the Democratic Party, wishing so zealously to win back power, took pains to nominate a candidate weaker than the ghost of Millard Fillmore. Resorting to Occam’s Razor, one might have to conclude that Joe Biden was simply the best they had — a surefire case […]

What Will the World Look Like in 2030?

Public Policy

Big demographic, economic and technological changes are coming — from an aging population in the U.S. and the rise of sub-Saharan Africa as a compelling middle-class market to automation causing “technological unemployment,” according to Wharton management professor Mauro Guillen. In his new book, “2030: How Today’s Biggest Trends Will Collide and Reshape the Future of […]

Merkel Open to Action Against Nord Stream

Public Policy

Chancellor Angela Merkel opened the door to taking action against the Nord Stream 2 gas pipeline as Germany and its allies mull a response to the poisoning of Russian opposition leader Alexey Navalny. Merkel’s rethinking of her sustained support for the controversial Baltic Sea pipeline underscores the escalating tensions with President Vladimir Putin’s government after […]

Are We on the Brink of a New Dark Ages?

Public Policy

The foreign policy of a progressive US administration could entail a fanatical pursuit of race-based “intersectionality” policies, similar to the proletarian internationalism of yesteryear. If US foreign policy were in fact composed of such policies, many countries would consider China the lesser of two evils. A world dominated by a progressive US on the one […]

Apocalypse kabuki

Public Policy

Let’s look beyond the hubris and hypocrisy for a moment. Nancy Pelosi has made her attempt to put the SalonGate behind her. She says it was a setup, “…and that’s all I’m going to say about that.” So while there is very little in this world more pathetic than the spectacle of an eighty-year-old woman fulminating […]

2020 presidential election will have major impact on oil and gas

2020 presidential election will have major impact on oil and gas thumbnail

The outcome of the presidential election will have a big impact on the energy front in Colorado and other oil- and gas-producing states. If U.S. voters decide to stay the course, the current push for energy dominance through increased drilling will continue. If they elect a new president, the challenger has pledged to end new drilling […]

There May Be No Choice but to Nationalize Oil and Gas — and Renewables, Too

Public Policy

The global oversupply of oil and gas before the pandemic, plus the massive slump in demand as a result of lockdown, has put the profitability of the sector in extreme crisis. The case for nationalizing energy production has never been stronger. Once on the margin of the margins, calls for the nationalization of US fossil […]

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

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

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 […]

Kunstler: The Duration of What?

Public Policy

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 […]

How Venezuela Struck It Poor

How Venezuela Struck It Poor thumbnail

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?

What Are You Going To Do As Our Money Dies? thumbnail

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 […]

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

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

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 […]

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

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

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 […]

Kuntler: “Good Trouble” and Not-Good Trouble

Public Policy

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’

Public Policy

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 Arabia Is Just An Honest America

Saudi Arabia Is Just An Honest America thumbnail

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?

How Might Oil and Gas Fare Under a Biden Admin? thumbnail

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 […]

Trump approves oil drilling in Alaska wildlife refuge

Trump approves oil drilling in Alaska wildlife refuge thumbnail

The Trump administration on Monday finalized a plan to allow oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, putting it on track to issue decades-long leases in the pristine wilderness area before a potential change in U.S. leadership. The 19 million acre (7.7 million hectares) refuge is home to wildlife populations including Porcupine […]

Petrostates Glimpse Their Peak-Oil Future With Summer of Strife

Public Policy

From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future. Iraq has seen fatal protests as its electricity grid buckles amid searing heat, while Venezuela’s oil production has sunk to a 75-year low. In Algeria’s capital, tension is simmering […]

EPA To Rescind Methane Regulations For Oil and Gas

Public Policy

The Environmental Protection Agency (EPA) will sign and issue new rules this week that will get rid of certain methane gas emission requirements for oil and gas producers, The Wall Street Journal reported Monday. Unidentified administration officials told the newspaper that the new rules will include getting rid of requirements for producers to have systems and […]

Saudi crown prince accused of sending hit squad to Canada

Saudi crown prince accused of sending hit squad to Canada thumbnail

Saudi Arabia’s Crown Prince Mohammed bin Salman has been accused of sending a hit-squad to Canada in order to kill a former Saudi intelligence official. The failed plan to kill Saad al-Jabri was soon after the murder of journalist Jamal Khashoggi in Turkey, court documents filed in the US allege. Mr Jabri, a veteran of […]

Is Economic Collapse Imminent? What Would You Do?

Public Policy

Alex Jones discusses the potential reality of the economy collapsing and how you should prepare

The Unraveling of America

The Unraveling of America thumbnail

Never in our lives have we experienced such a global phenomenon. For the first time in the history of the world, all of humanity, informed by the unprecedented reach of digital technology, has come together, focused on the same existential threat, consumed by the same fears and uncertainties, eagerly anticipating the same, as yet unrealized, […]

Massive Beirut blast kills more than 60, injures thousands

Massive Beirut blast kills more than 60, injures thousands thumbnail

A massive explosion rocked Beirut on Tuesday, flattening much of the port, damaging buildings across the capital and sending a giant mushroom cloud into the sky. More than 60 people were killed and more than 3,000 injured, with bodies buried in the rubble, officials said. Hours later, ambulances still carried away the wounded as army […]

Kuntler: A Glimpse Towards November

Public Policy

These dog days of summer, an anxious stillness descends across the USA as the pandemic pulses through the land in fearsome new waves, and incomes vanish, and businesses roll over, and unpaid payments-due tip lives into the bardo of default, and the idle hours of no work, no money, no company, and perhaps no future […]

The Fed’s Oil and Gas Bailout Is a Mistake

Public Policy

The coronavirus pandemic and the necessary public health response have significantly decreased U.S. economic activity, placing a severe financial strain on businesses and households. More than 30 million people were receiving unemployment assistance at the end of June, and gross domestic product (GDP) may have declined by more than 30 percent in the second quarter […]

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@RedMack66 @DebFrecklington @LNPQLD Campbell Newman did not understand that #peakoil caused the financial collapse of Clem7… and Airportlink…

The conventional oil profile is surely better described as a plateau than a peak. #peakoil #plateauoil…