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Saudis Race to Restore Oil Output After Aramco Attacks

Public Policy

Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran. State energy producer Saudi Aramco lost about 5.7 million barrels per day of output after 10 unmanned […]

Saudi Shuts Down Half Its Oil Output After Drone Strikes

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Saturday’s attack on a critical Saudi oil facility will almost certainly rock the world energy market in the short term, but it also carries disturbing long-term implications. Ever since the dual 1970s oil crises, energy security officials have fretted about a deliberate strike on one of the critical choke points of energy production and transport. […]

Caitlin Johnstone: American Privilege

Public Policy

American liberals and progressives talk a bit about white privilege, male privilege, straight privilege etc, but one thing I never hear them talk about is American privilege: the ability their nationality gives them to have a relationship with this world that the rest of us do not have. American privilege is reassuring yourself that there […]

Houthis claim drone attack on Saudi oil plant

Public Policy

A military spokesman for Yemen’s Houthi rebels has claimed a drone attack on two major oil installations in Saudi Arabia. Yahia Sarie made the announcement Saturday in a televised address carried by the Houthi’s Al-Masirah satellite news channel. He said the Houthis sent 10 drones to attack an oil processing facility in Buqyaq and the […]

U.S. says it is concerned about China’s purchases of Iranian oil

Public Policy

The United States is “very concerned” about China’s purchases of Iranian oil, Dan Brouillette, deputy secretary of the U.S. Department of Energy, said on Monday. “We are very concerned about the purchases that the Chinese people have made, the government in particular,” he said on the sidelines of an energy conference in the United Arab […]

Is Saudi Oil Policy Changing Before Our Eyes?

Public Policy

Making sense of the internal politics of Saudi Arabia has never been easy because of the kingdom’s closed power structure. But major changes have taken place at the top of the Saudi energy industry in recent days, and they will likely have an impact both on Saudi Arabia’s near-term oil policy and how the OPEC kingpin […]

How To Defeat The Empire

Public Policy

One of the biggest and most consistent challenges of my young career so far has been finding ways to talk about solutions to our predicament in a way that people will truly hear. I talk about these solutions constantly, and some readers definitely get it, but others will see me going on and on about […]

Real World Economics: What Dorian tells us about risk and scale

Public Policy

Countries, states or cities are not “scale-neutral” from many economic aspects. By this we mean that per capita costs of certain government services may either fall or rise as the physical size or population of the jurisdiction increases. This may make a difference in the best way for governments to cope with risk, whether it […]

Iran uses advanced centrifuges, threatens higher enrichment

Public Policy

Iran on Saturday said it now uses arrays of advanced centrifuges prohibited by its 2015 nuclear deal and can enrich uranium “much more beyond” current levels to weapons-grade material, taking a third step away from the accord while warning Europe has little time to offer it new terms. While insisting Iran doesn’t seek a nuclear […]

Greens: Save the planet, screw the people

Public Policy

When an environmentalist says he or she wants to “save the planet” be sure to ask: “For whom?” Because often it seems like they’re not doing it for people at all. The anti-people nature of environmentalism is sometimes just a matter of minor inconvenience, as when environmentalist policies force upon us flickering light bulbs, weak […]

Falling From Grace: The Decline Of The US Empire

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Years ago, Doug Casey mentioned in a correspondence to me, “Empires fall from grace with alarming speed.” Every now and then, you receive a comment that, although it may have been stated casually, has a lasting effect, as it offers uncommon insight. For me, this was one of those and it’s one that I’ve kept […]

Trump EPA Attempts to Erase Methane Rules for Oil and Gas Industry

Public Policy

Today, the Environmental Protection Agency released its proposed rule to completely eliminate regulations for methane emissions from the oil and gas industry across the entire supply chain and to remove all federal rules – for both methane and volatile organic compounds (VOCs) – for facilities in the transportation and storage segment of the supply chain. […]

The CIA’s Dark Prince Doesn’t Want War With Iran

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Two comments last week highlight the dangerous security impasse in which Iran and the U.S. find themselves. The first was from Iran’s spiritual leader, the Supreme Leader Ali Khamenei, that maritime security will remain at risk if its oil exports continue to be compromised. The second was from U.S. Secretary of State, Mike Pompeo, that […]

The Real Reason the Climate Movement Has Failed

Public Policy

My new book, Abolish Oil Now, will talk about why the climate movement has failed and what we can do instead to win. If you think that climate change is turning out to be worse than anyone had thought, it’s not hard to find people who agree with you. Just check out some recent headlines: […]

Kunstler: Lost at Sea

Public Policy

In these horse latitudes of late summer, with the seas becalmed and the riggings a’creak, the Resistance’s ship-of-the-line (a.k.a. the Democratic Party) drifts ever further out of sight of land. Even so, a few of its crew members have jumped ship: New York’s mayor, stowaway Bill de Blasio, may have been shoved overboard. Former Colorado […]

Half of Venezuela’s Oil Rigs May Shut Down If US Waivers Lapse

Public Policy

A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s largest crude reserves. Almost half the rigs operating in Venezuela will shut down by Oct. 25 if the Trump administration doesn’t extend a 90-day waiver from its sanctions, according to data compiled […]

Kunstler: There Is No Normal

Public Policy

The wheel of time rolls forward, never retracing its path, but because it is a wheel, and we are riding in it, a persistent illusion persuades us that the landscape is recognizably the same, and that our doings within the regular turning of the seasons seem comfortably normal. There is no normal. There is for […]

Iran Warns US Against Seizing Oil Tanker

Public Policy

Iran warned the U.S. against apprehending a supertanker carrying the Middle East country’s oil, leaving the fate of the vessel uncertain as it sailed east into the Mediterranean Sea from Gibraltar, where it been detained since last month. The tanker, formerly called the Grace 1 and now known as the Adrian Darya 1, was signaling […]

PetroChina Suspends Venezuelan Oil Imports In Huge Blow To Maduro

Public Policy

Even if China continues to thwart US sanctions on Iran, in the case of Venezuela Trump appears to be gaining the upper hand. Bloomberg reported Friday that China National Petroleum Corp. (parent company of oil giant PetroChina Ltd) — the country’s biggest energy company — is for the first time in over a decade backing away from Vezenuelan crude, canceling shipments […]

Yemen Rebel Drone Attack Targets Remote Saudi Oil Field

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Drones launched by Yemen’s Houthi rebels attacked a massive oil and gas field deep inside of Saudi Arabia’s sprawling desert on Saturday, causing what the kingdom described as a “limited fire” in the second-such recent attack on its crucial energy industry. The attack on the Shaybah oil field, which produces some 1 million barrels of […]

Fossil Fuel Free: A Plan to Phase Out China’s ICEVs

Public Policy

The Innovation Center for Energy and Transportation (iCET), a leading U.S. and China based think tank focusing on Chinese environmental policy, published a report in May 2019 detailing the structure and feasibility of China’s ambitious goal to phase out internal combustion engine vehicles (ICEVs) in favor of new energy vehicles (NEVs) by 2050. The report […]

America doesn’t win wars anymore

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A month into his presidency, Donald Trump lamented that the US no longer wins wars as it once did. “When I was young, in high school and college, everybody used to say we never lost a war,” Trump told a group of US governors last February. “Now, we never win a war.” Dominic Tierney, a […]

Is Andrew Yang the Doomer Candidate?

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How will Democratic candidates respond to the crisis of climate change? Over the course of two early August debates, the front-runners outlined their ambitious plans to save the future. Elizabeth Warren pledged to put $2 trillion toward research into energy innovation, creating millions of jobs and producing technology the world can use. Joe Biden promised […]

Iran, Russia Planning Joint Naval Drill In Contested Gulf Waters

Public Policy

Russia and Iran are planning a joint naval exercise scheduled within the next year, commander of Iran’s Navy Rear Admiral Hossein Khanzadi announced Monday, according to state media. Semi-official Fars has reported it will take place by March 2020 in the Indian Ocean, and will be staged as far north as the strategic and increasingly tense Strait of Hormuz. […]

Saudi Arabia aims to expand pipeline to reduce oil exports via Gulf

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Saudi Arabia aims to raise the capacity of its east-west pipeline by 40% in two years so more of its oil exports can avoid passing through the Strait of Hormuz, the energy minister said on Thursday. FILE PHOTO: Saudi Arabia’s Oil Minister Khalid Al-Falih talks to journalists as he arrives for an OPEC and NON-OPEC […]

JPMorgan: We Believe The Dollar Could Lose Its Status As World’s Reserve Currency

JPMorgan: We Believe The Dollar Could Lose Its Status As World’s Reserve Currency thumbnail

Almost eight year ago, we first presented a chart first created by JPMorgan’s Michael Cembalest, which showed very simply and vividly that reserve currencies don’t last forever, and that in the not too distant future, the US Dollar would also lose its status as the world’s most important currency, since it is never different this […]

US-Iran Tensions Raise Fears of War

Public Policy

Drones have been downed and tankers attacked in the Persian Gulf as U.S.-Iran tensions raise fears of war around a critical oil chokepoint. But any conflict between rivals might actually start in the one country where both sides have forces on the ground: Iraq. After two wars with America since 1990, a brutal civil conflict […]

Is a new US-led war looming with Iran?

Public Policy

An image grab taken from a broadcast by Iran’s Islamic Revolutionary Guard Corps (IRGC) on July 19, 2019 reportedly shows footage from an IRGC drone, showing a map of the route taken by the US amphibious assault ship USS Boxer; the US is about to send troops into Saudi Arabia An image grab taken from […]

‘HOSTILE ACT’ Iran seizes British oil tanker in the Gulf with 23 crew

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A BRITISH-flagged Swedish owned tanker has been seized by Iran and is heading for the Revolutionary Guard base at Qeshm Island. Northern Marine, a subsidiary of Stena AB, confirmed “hostile action” had occurred before the tanker Stena Impero changed its course this afternoon. 7 The Stena Impero has been seized by Iran’s Revolutionary GuardCredit: PA:Press […]

Boomer generation must address climate change now

Public Policy

I can understand the concern over Oregon’s cap and trade bill. I can also understand that it is controversial. However, as a professional engineer licensed in two states and a small woodland owner, I am not sure that the issue of energy use and climate change is fully understood by most. Please look at the […]

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@pag1313 @CNN As for removing sulphur from diesel - that’s a problem for the fuel companies. Fuel becomes much more expensive... ... cruise ships need to become more efficient Remember #PeakOil in the 1980s? We couldn’t pump enough oil to satisfy our dependence until efficiency became law

Global Oil Investment Set to Tumble as Demand Peaks in 2022, Renewable Energy Surges… via @TheEnergyMix This is not about saving the planet: investors go where they can make money. #peakoil

Oil could rise $10 per barrel after drone attack forces Saudi to cut output ⛽️💥🤔 #PeakOil…