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Brexit: Stage One in Europe’s Slow-Burn Energy Collapse

Brexit: Stage One in Europe’s Slow-Burn Energy Collapse thumbnail

Everyone’s talking about Brexit. Some about the French riots. But no one’s talking about why they are happening, and what they really mean. They might think they are, but they are usually missing the point. On 6th May 2010, the Conservative Party took the reins of power for the first time since 1992, propped up […]


What Would The End Of OPEC Mean?

Public Policy

The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the price of crude for nearly 60 years – is now in deep crisis. The latest OPEC meeting in Vienna offered new insights into the cartel’s raging civil war that is tearing it apart and threatens […]


Caitlin Johnstone: Imagine If Saudi Arabia Was Not A US Ally

Public Policy

The US Senate has voted 56 to 41 to sorta-kinda eventually end America’s part in the Saudi-led war in Yemen, one step out of a great many that will need to happen in order to end the worst humanitarian crisis on the face of the earth. The joint resolution still allows US drones to patrol Yemeni […]


Kunstler: Sleepwalkers Awoke!

Public Policy

Andrew Sullivan called it “the Great Awokening” in a shrewd New York Magazine column this week. He refers, off course, to earlier episodes of American religious hysteria, namely the Great Awakening of the 1730s that featured the Rev. Jonathan Edwards raining sulfur and brimstone down on guilt-wracked New Englanders, and then the Second Awakening of […]


Why is it so Easy to Lie to Us? The Case of Russia and Climategate

Public Policy

Our media feed us routinely with lies and the story of the involvement of the Russian Secret Service with the Climategate hack is just one of them. I thought it was worth discussing it here in light of the fact that it is one of the most blatant lies I could ever find. Also a […]


How Plutocratic Media Keeps Staff Aligned With Establishment Agendas

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Why do mainstream media reporters within ostensibly free democracies act just like state media propagandists? Why are they so reliably pro-establishment, all throughout every mainstream outlet? Why do they so consistently marginalize any idea that doesn’t fit within the extremely narrow Overton window of acceptable opinion?Why does anyone who inconveniences western establishment power always find […]


OPEC’s Bigger Problems

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The Organization of Petroleum Exporting Countries (OPEC) decision to cut oil production by 1.2 million barrels a day (b/d), together with Russia and a few other non-OPEC producers, may have garnered the organization’s members a few extra dollars temporarily, but it belies larger problems ahead for the 57 year old cartel. OPEC has weathered many […]


Maduro: All Venezuelan Oil Will Be Sold In Petro Cryptocurrency

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Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is touting as the first state-backed oil-backed digital currency. Gradually, Venezuela will sell all its oil production in Petro, Maduro said during a visit […]


Kunstler: Capture the Flag

Public Policy

A titanic battle between Mr. Trump and his antagonists looms in the political gloaming of the new year. It may not be resolvable by conventional means since the Intel and Justice agencies have been leading a two-year coup-by-subterfuge against the president, with Robert Mueller as the spearhead, leaving a slime-trail of sedition and prosecutorial misconduct […]


The Bush legacy in the Gulf

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Last Saturday, as world leaders and the international media reacted to news that George HW Bush had passed away, three landmark towers in Kuwait City were lit up with the portrait of the former US president and the US and Kuwait flags. This was one of many tributes to a man Kuwaitis credit with liberating […]


Iran Again Threatens To Block Key Oil Transit Choke Point As U.S. Aircraft Carrier En Route

Iran Again Threatens To Block Key Oil Transit Choke Point As U.S. Aircraft Carrier En Route thumbnail

Here we go again: Iranian President Hassan Rouhani has once more threatened to close the Strait of Hormuz, which is vital to up to one-third of all global oil shipping as it’s a key transit choke point in the Persian Gulf. On Tuesday Iranian state broadcasts carried his words, saying “if someday, the United States decides to […]


How George H.W. Bush Was Groomed to Become President

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The Daily Devil’s Dictionary looks back on George H.W. Bush and the role of political grooming in America. As the US political establishment pays its sometimes gushing respects to George H.W. Bush, who died on November 30, some journalists have dared to remind us who he was, what he did and where he came from. […]


The CIA’s Evidence Linking Saudi Crown Prince to Khashoggi Killing

Public Policy

How did the CIA conclude that journalist Jamal Khashoggi was killed on the orders of Saudi Crown Prince Mohammed bin Salman? WSJ’s Warren P. Strobel has an exclusive look at the secretive evidence behind the assessment. Photo: Reuters


Qatar is pulling out of OPEC

Public Policy

OPEC is losing one of its oldest members. The small, gas-rich state of Qatar said Monday that it will leave the oil cartel on January 1 after nearly 60 years. The country’s state oil company, Qatar Petroleum, made the announcement in a series of tweets. “The withdrawal decision reflects Qatar’s desire to focus its efforts […]


Kunstler: The Ghost of Christmas Present

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Apparently one additional world leader turned up in Buenos Aires without fanfare this weekend. The General Secretary of the North Pole, known popularly as Santa Claus, took his latest-model hypersonic sleigh to the G-20 Meeting, and made sure that the global financial elite would find their Christmas stockings stuffed with sugarplums one last time before […]


The Great Power Politics Behind Nord Stream II

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Nord Stream II is proving to be one of the most politically contentious pipelines of all time. The project is making gradual progress, but remains vulnerable to the fragile state of the EU-Russian energy relationship. This took another body blow November 25 with the Russian seizure of two Ukrainian gunboats and a tug boat by […]


Palin Was Right: ‘Drill, Baby, Drill!’

Public Policy

Like the rooster that takes credit for the sunrise, President Barack “You Didn’t Build That” Obama woke up the other day and decided to take credit for another thing he had nothing to do with. The president who said that companies like Solyndra were the hallmark of a future in which workers drove Chevy Volts, […]


Debt, Death, & The US Empire

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Yosemite Sam Gets Worried About Federal Debt In a talk which garnered little attention, one of the Deep State’s prime operatives, National Security Advisor John Bolton, cautioned of the enormous and escalating US debt. Deep State operative John Bolton, a.k.a. Yosemite Sam [PT] Speaking before the Alexander Hamilton Society, Bolton warned that current US debt […]


Kunstler: Deep Quandaries of the Deep State

Public Policy

Watergate had tragic Shakespearean overtones, with Nixon as King Lear, but Russia-Gate — perhaps the last gate America goes through on its giant slalom run to collapse — is but a Chinese Fire Drill writ large. The reason? In 1973, we were still a serious people. Today, the most lavishly credentialed elite in history believe […]


The Khashoggi killing had roots in a cutthroat Saudi family feud

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Behind the brutal murder of Jamal Khashoggi lies a power struggle within the Saudi royal family that helped feed the paranoia and recklessness of Crown Prince Mohammed bin Salman. Eventually, this rage in the royal court led to the death and dismemberment of a Washington Post journalist. The opening scenes of this family feud took […]


Everyone Not Exporting Arms To Saudi Arabia Is Halting Arms Exports To Saudi Arabia

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Only after Washington Post columnist Jamal Khashoggi was brutally murdered did the major networks like CNN finally discover Saudi atrocities in Yemen and a horrid human rights record and history of crackdown on dissent at home. While perhaps we might say better late than never, it’s interesting to now see pieces being written about “the latest […]


Kunstler: Murphy’s Law to the Rescue!

Public Policy

What can go wrong will go wrong. It’s so fundamental to the operation of the universe that Sir Isaac Newton should have installed it between his 2nd and 3rd Laws of Motion — but he had his hands full losing a fortune in Britain’s South Sea Bubble circa 1721, after muttering to a colleague that […]


Saudi Prince says CIA cannot be trusted

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A senior Saudi prince cast doubt on the reported CIA finding that Saudi Crown Prince Mohammed bin Salman ordered the killing of journalist Jamal Khashoggi in Istanbul last month, saying the agency could not be counted on to reach a credible conclusion. “The CIA is not necessarily the highest standard of veracity or accuracy in […]


Venezuela Has Hyperinflation. Now What?

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Venezuela is the fifty-seventh country to encounter hyperinflation in modern history. The economist Steve Hanke estimated — using the doctrine of purchasing power parity (PPP) — that the country’s monthly inflation exceeded 50 percent for more than thirty days in November 2016. Therefore, it entered the list of Hanke-Krus hyperinflations.The International Monetary Fund (IMF) estimates that Venezuela’s […]


Big Oil Doesn’t Like EV Subsidies, Just Its Own Giant Subsidy

Public Policy

You may not have heard, but electric vehicles are just another one-percenter boondoggle, Jay Gatsby’s cream-colored Rolls Royce reincarnated and partly paid for by you, the toiling masses, via various subsidies. As an argument, it is tailor-made for an era of anger at “elites.” And it’s one with which I’ve become familiar reading recent letters from organizations such as Koch Industries […]


Trump Pushes for Lower Oil Prices

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U.S. President Donald Trump has pushed for lower oil prices in a Twitter statement published Wednesday. Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower! — Donald J. Trump (@realDonaldTrump) 21 November 2018 Commenting on […]


Saudi prosecutor claims Crown Prince Mohammed innocent, seeks death for 5 others in Khashoggi killing

Public Policy

Saudi Arabia’s public prosecutor on Thursday said that 11 suspects had been indicted over the death of the journalist Jamal Khashoggi and that he requested the death penalty for five of them. The deputy prosecutor also told reporters that Khashoggi died from a lethal injection and that his body was dismembered and taken out of […]


Upset by Trump’s Iran waivers, Saudis push for deep oil output cut

Upset by Trump’s Iran waivers, Saudis push for deep oil output cut thumbnail

When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. But Saudi Arabia did not receive advance warning when Trump made a U-turn by offering generous waivers that are keeping more Iranian crude in the […]


Kunstler: Rock The Vote

Public Policy

It warmed my heart to read in The Wall Street Journal that Hillary Clinton is preparing to re-enter the Washington DC swamp from her deluxe exile in the woods of Chappaqua, New York, and make another run for the White House — though it’s hard to calculate how many porters in sandals and loincloths will […]


We have not learned enough from the horrors of war

Public Policy

At the 11th hour on the 11th day of the 11th month in 1918, the cannon and guns of war went silent. This ended the First World War. It had started four years earlier, when the presumptive heir to the Austro-Hungarian throne, Archduke Franz Ferdinand, was assassinated in Sarajevo by a Serbian member of the […]


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When it comes to #PeakOil production the saudis are stockpiling are burrying oil. His raw crude is to be kept for 45 until it is planned for the market to be flooded with Saudi oil. This then enables hem to setup a crude oil monopoly by manipulating availability with stockpiles

test Twitter Media - When it comes to #PeakOil production the saudis are stockpiling are burrying oil. His raw crude is to be kept for 45  until it is planned for the market to be flooded with Saudi oil. This then enables hem to setup a crude oil monopoly by manipulating availability with stockpiles https://t.co/uwtzmJs23o

Hello economically concerned people of the megaverse! We are hitting #PeakOil today And it means a phasing out of ceabon based fuels such as coal and crude oil.