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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

Falling From Grace: The Decline Of The US Empire thumbnail

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

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

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

Yemen Rebel Drone Attack Targets Remote Saudi Oil Field thumbnail

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

America doesn’t win wars anymore thumbnail

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?

Is Andrew Yang the Doomer Candidate? thumbnail

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

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

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

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

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 […]

Iran will continue its oil exports under any conditions

Public Policy

Iran will continue its oil exports under any conditions, Iran’s Foreign Minister Mohammad Javad Zarif told his British counterpart Jeremy Hunt in a telephone call on Saturday, according to a statement on the Iranian foreign ministry website. Zarif also said Britain should quickly release the Grace 1 oil tanker, which was seized last week by […]

Kunstler: Nemesis Rising

Public Policy

Where are Clintons, these dog days of summer? The Hamptons? Salty, sunny Martha’s Vineyard? Under a rock somewhere in the Chappaqua woods? Fate is turning in more than one uncomfortable way for the once-charmed couple of Boomerdom. There is, of course, the freshly re-issued Jeffrey Epstein underage sex scandal, come ‘round again with a vengeance […]

Going Dark and Fake Voyages: The Tricks Used to Dodge Trade Sanctions

Going Dark and Fake Voyages: The Tricks Used to Dodge Trade Sanctions thumbnail

As the U.S. looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Ships vanishing from tracking screens, clandestine transfers on the high seas and fake destinations are among some of the tactics […]

Iranians Despair over Nuclear Deal Confrontation

Public Policy

Iran’s decision to further challenge the United States by boosting its uranium enrichment beyond limits in its 2015 nuclear deal has deepened fears among Iranians that their country will remain in crisis mode over the long term. The United States’ exit from the pact last year, under President Donald’s Trump’s campaign to squeeze Iran with […]

Persian Gulf Conflict Could Send Oil Beyond $325

Persian Gulf Conflict Could Send Oil Beyond $325 thumbnail

The possibility of Iran attempting to close the Strait of Hormuz to tanker traffic has increased significantly in recent weeks, as has the possibility of a Persian Gulf War, especially with the Islamic Republics’ intentional destruction of a U.S. surveillance drone on June 20. This act provides weight to Tehran’s threat that it will inflict […]

Saudi Arabia Holds Iranian Oil Tanker in Jeddah

Public Policy

Saudi Arabia is holding an Iranian oil tanker in the port of Jeddah, sources in Tehran said yesterday. The tanker docked in Jeddah for emergency repairs following “engine failure and the loss of control” two months ago. Now the Saudi authorities are demanding that Iran should pay $200,000 for every day that the vessel has […]

In battle for Libya’s oil, water becomes a casualty

In battle for Libya’s oil, water becomes a casualty thumbnail

While Libya’s oil lies at the heart of three months of fighting over Tripoli and years of power struggles before that, water is becoming a far bigger concern for its people. People fill gallons with water during a water shortage in Tripoli, Libya June 13, 2019. REUTERS/Hazem Ahmed Interruptions to water supplies are common after […]

War, Empire and Racism in the Anthropocene

War, Empire and Racism in the Anthropocene thumbnail

The Anthropocene. A proposed new geological epoch which designates a shift to a planetary age dominated by human impacts across the geological processes of the Earth. Geologists dispute the duration, precision, relevance and even accuracy of the concept. But the term has increasingly entered the scientific lexicon as increasing numbers of experts across myriad disciplines […]

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PO Real Time

President Donald Trump confirmed Energy Secretary Rick Perry is stepping down, a couple of weeks after reports emerged that Perry was preparing for the move.… #oil #peakoil #energy #geopolitics #crude #gas

Meanwhile Putin seems to be the only world leader capable of bringing to the negotiating table Saudi Arabia and Iran. #Dragonbear #Peakoil…

While Trump continues to embarrass everybody with his comments against the kurds, Russia and China organise a coalition to sink the dollar. If Putin succeeds in undermining the greenback then he will have checkmated the yankee empire. #Dragonbear #Peakoil…