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Kunstler: That Sinking Feeling

Public Policy

You might ask yourself: Why is it “important” that we spend thirty, forty, fifty billion dollars pounding sand down the rat hole that is post-Maidan Ukraine, grift central for the sketchy nexus of US politicians and their sponsors in the warcraft industry? Answer: Aside from one final magnificent payday, they are producing a grand opera […]


G7 announces plans to ban imports of Russian oil

G7 announces plans to ban imports of Russian oil thumbnail

G7 governments have announced plans to ban the import of Russian oil to punish Vladimir Putin for invading Ukraine. The group – which includes the United States – made the announcement Sunday. It appeared as part of a list of new sanctions, and said: ‘First, we commit to phase out our dependency on Russian energy, […]


Russia Is Returning To The Gold Standard And China Is Going To Be Next

Russia Is Returning To The Gold Standard And China Is Going To Be Next thumbnail

No sooner was it that I wrote an article talking about how Russia was going to back the ruble with gold than “one of the Russia’s most powerful security/intelligence officers and a close ally of Putin” has admitted the country’s intentions to do just that. And I’m predicting that no sooner will the gravity of […]


Richard Heinberg: The Failure of Global Elites

Richard Heinberg: The Failure of Global Elites thumbnail

In the 1970s, global political and corporate elites had all the information they needed to put the world on a path toward long-term stability. Systems science was sufficiently advanced that a team of its practitioners organized a scenario study to see how trends in industrial production, population, food, pollution, and resource usage might interact over […]


EU ‘prepared’ for Russian gas halt, says EC President

Public Policy

European Commission President Ursula von der Leyen said April 27 the EU was working on a coordinated response to the cut-off of Russian gas deliveries to Bulgaria and Poland, adding that the EU was “prepared” for such a scenario as prices surged on the disruption. Gazprom said earlier April 27 it had fully suspended gas […]


Russia strikes back by cutting off gas to 2 NATO nations

Russia strikes back by cutting off gas to 2 NATO nations thumbnail

Russia cut off natural gas to NATO members Poland and Bulgaria on Wednesday and threatened to do the same to other countries, dramatically escalating its standoff with the West over the war in Ukraine. European leaders decried the move as “blackmail.” A day after the U.S. and other Western allies vowed to speed more and […]


Mother Earth is in deep trouble

Mother Earth is in deep trouble thumbnail

At the doors of MidAmerican Energy‘s downtown Des Moines headquarters Friday, youth activists held up a large check made out to the electric and natural gas company’s CEO, Kelcey Brown. The amount? “Our future,” the check read. “We’re losing. Not just money, but years of our lives. Our future,” said climate justice activist Hannah Hayes, a sophomore at Roosevelt High School. Friday […]


Daniel Yergin: How to cut off Russian oil and gas to Europe without causing chaos

Public Policy

What seemed undoable when Russia invaded Ukraine — banning Russian oil and gas sales in a Europe that depends heavily on Russian energy — is becoming increasingly likely. But it will need to be done right if it is going to work. Sanctions imposed against Russia in February after the war began notably excluded energy […]


Biden resumes oil and gas leases on federal land

Public Policy

The Biden administration announced Friday that it would resume lease sales for oil and gas drilling on federal land, though it plans to reduce the amount of land available significantly and will increase the royalty it charges companies for the oil and gas produced on the land. The Interior Department said in a news release […]


Richard Heinberg: The Failure of Global Elites

Public Policy

In the 1970s, global political and corporate elites had all the information they needed to put the world on a path toward long-term stability. Systems science was sufficiently advanced that a team of its practitioners organized a scenario study to see how trends in industrial production, population, food, pollution, and resource usage might interact over […]


Bretton Woods III : Zoltan Pozsar & Yra Harris

Public Policy

Financial Repression Authority http://financialrepressionauthority.c…


Gulf Oil Producers Seek U.S. Military Support Against Yemen Attacks

Gulf Oil Producers Seek U.S. Military Support Against Yemen Attacks thumbnail

Some of the largest Gulf oil producers, including Saudi Arabia and the United Arab Emirates, are seeking to sign a written treaty with the United States under which the U.S. could provide defense support after attacks from Yemen have intensified, Bloomberg reported on Wednesday, quoting sources with knowledge of the proposal. Ideally, the major oil […]


A new EU partnership could triple U.S. exports of liquified natural gas

Public Policy

Europe’s super serious about dumping Russian natural gas. And the big winner will be U.S. LNG. On March 25, President Biden and European Commission head Ursula von der Leyen took the stage in Brussels to announce a stunning trans-Atlantic pact to accomplish what many doubted the world would ever see: A firm commitment to dump […]


World War III is here, but it’s not what we expected

Public Policy

Movies and books have often portrayed World War III as either the final chapter of the human epoch or as a new but primitive restart for those who survive the nuclear conflagration. We cannot know if such prophesies will ultimately come true. For now World War III appears to have started with Russia’s attack on […]


China Planned Taiwan Invasion in Fall, Alleged Russian Intel Leak Claims

China Planned Taiwan Invasion in Fall, Alleged Russian Intel Leak Claims thumbnail

Taiwan‘s top diplomat said he couldn’t speak on the authenticity of a purported Russian intelligence document that claimed Chinese President Xi Jinping had plans to annex the island nation this fall. Joseph Wu, Taiwan’s minister of foreign affairs, said on Wednesday that his country would have to prepare regardless. “No matter if or when China […]


Missiles hit US consulate in north Iraq, no casualties

Public Policy

At least six missiles were fired Sunday toward the U.S. consulate in Iraq’s northern city of Irbil, with several missiles hitting the building, Iraqi and U.S. security officials said. A U.S. official said the missiles were launched from neighboring Iran. Early reports suggested there were no U.S. military casualties, a senior U.S. defense official said. […]


The Only Non-Totalitarian Solution To Resource Scarcity: Decentralized Degrowth

The Only Non-Totalitarian Solution To Resource Scarcity: Decentralized Degrowth thumbnail

Totalitarian-imposed-inequality is the only possible path of centralized Degrowth: 10,000 for me, one for you, unless you disobey, and then you get zero. The fantasy is that everything will soon be super-abundant and cheap again because creating money out of thin air creates demand out of thin air and supply will always magically appear if […]


West tries to force Russia from Ukraine, endgame elusive

West tries to force Russia from Ukraine, endgame elusive thumbnail

As Western leaders congratulate themselves for their speedy and severe responses to Russia’s invasion of Ukraine, they’re also scratching their heads with uncertainty about what their actions will accomplish. The U.S., NATO and the European Union have focused on strangling Russia’s economy and arming Ukrainian fighters. But it’s unclear how this will stop the war. […]


A Serious Proposal on US Energy

A Serious Proposal on US Energy thumbnail

“My policy on cake is pro having it and pro eating it.” – Boris Johnson On March 30, 1949, Syrian President Shukri al-Quwatli was ousted in a military coup backed by the Central Intelligence Agency (CIA), a first for the newly formed spy organization. Despite being twice elected to his position, Quwatli had to go […]


Russian judo tears the West apart

Russian judo tears the West apart thumbnail

The battlefield is drawn. The official Russian blacklist of hostile sanctioning nations includes the US, the EU, Canada and, in Asia, Japan, South Korea, Taiwan and Singapore (the only one from Southeast Asia). The Global South should be aware there are no nations from West Asia, Latin America and Africa. Moscow has not even announced […]


Biden Set to Announce Russian Oil Ban Today

Biden Set to Announce Russian Oil Ban Today thumbnail

The Biden administration will impose a ban on U.S. imports of Russian energy on Tuesday without the participation of its European allies, according to people familiar with the matter. The ban will include Russian oil, liquefied natural gas and coal, according to two people, who spoke on condition of anonymity. The decision was made in […]


USA Weighs Acting Solo on Russia Oil Ban

USA Weighs Acting Solo on Russia Oil Ban thumbnail

The Biden administration is considering whether to prohibit Russian oil imports into the U.S. without the participation of allies in Europe, at least initially, according to two people familiar with the matter. The administration has yet to decide on a U.S. import ban, with the timing and scope of any move still fluid, according to […]


Kunstler: Nowhere Left to Hide

Public Policy

Financial markets are averse to threats of chaos and death. These conditions tend to interfere with formal promises between parties to service loans, which is the basis of finance. Time, they say, is nature’s way of making sure that everything doesn’t happen at once. If that’s so, then maybe time has stopped because all of […]


Russia Says Global Oil Embargo Could Push Prices Over $300

Public Policy

With the US reportedly said to vote as soon as Tuesday on a proposal to ditch trade relations with Russia and Belarus, including suspending oil imports despite repeated objections from Germany which has stated that a collapse in supply threatens “social cohesion”, Russian Deputy PM Novak said that a ban on Russian oil would result […]


U.S., Allies Discussing Oil Embargo

U.S., Allies Discussing Oil Embargo thumbnail

The International Atomic Energy Agency said it’s having trouble getting through to staff operating the Zaporizhzhia nuclear power plant, which is now under the control of Russian forces. Russian President Vladimir Putin told his Turkish counterpart that Ukraine must agree to his demands in order for fighting to end, lowering hopes for progress at a […]


How Does This End?

How Does This End? thumbnail

Wars sometimes start easily, but it is a tenet of strategy that they are always unpredictable and extremely hard to end. Putin’s war of choice in Ukraine is already escalating faster than most experts would have imagined just a week ago. He has now encircled major Ukrainian cities with his army and threatens to flatten […]


TINA to the US dollar as the reserve currency

TINA to the US dollar as the reserve currency thumbnail

Crude oil’s price surge has historically been associated with recessions Nothing works better than a historical chart to illustrate my point here. A 47% price surge in Brent and a 48% increase in WTI this year alone will become a substantial drag on the US and global economy this year. Have a look at this […]


China’s purchase of Iranian oil more than before sanctions

Public Policy

Chinese imports exceeded 700,000 barrels per day (bpd) for January, according to estimates of three tanker trackers, surpassing the 623,000 bpd peak recorded by Chinese customs in 2017 before former U.S. President Donald Trump reimposed sanctions in 2018 on Iranian oil exports. One tracker estimated imports amounted to 780,000 bpd in November-December on average. The […]


Russia reveals number of troops killed and injured in Ukraine

Russia reveals number of troops killed and injured in Ukraine thumbnail

Nearly 500 of the country’s soldiers have died amid the ongoing offensive, the Russian Defense Ministry has revealed Some 498 Russian servicemen have been killed and nearly 1,600 wounded during the ongoing assault on Ukraine, Russia’s military claimed on Wednesday. The Defense Ministry refuted reports that there have been “countless” casualties, branding the claims as deliberate disinformation […]


Biden Admin Vows to Avoid Russia Oil Sanctions

Public Policy

The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said Friday. “The sanctions will not target the oil flows as we go forward,” Amos Hochstein, the State Department’s senior energy security adviser, said in an interview on Bloomberg Television. The remarks […]


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@kirby_journo #inflation and #interestrates in #1970s were so high because higher #oilprice directly caused increasing production cost of local consumer products. But when oil prices increased after 2005 conventional #peakoil the world was supplied from #China's cheap factories

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test Twitter Media - THE SAME STORY AGAIN AND AGAIN...
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