Peak-Oil Fears Cast Shadow Over US Supply Outlook as Costs Climb
Peak-Oil Fears Cast Shadow Over US Supply Outlook as Costs Climb (Bloomberg) — The specter of peak oil that haunted global energy markets during the first decade of the 21st century is once again rearing its head. Major US oil producers are warning that production from one of the fastest growing sources of supply appears […]
Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse
Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central banks all over the world today—many of whom have trouble sleeping—wish it were. This brief article will explain […]
‘Some EU Banks May Be Vulnerable’ – ECB Tells Ministers ‘No Room For Complcency’
‘Some EU Banks May Be Vulnerable’ – ECB Tells Ministers ‘No Room For Complcency’ The world was saved there briefly overnight after SNB’s giant liquidity shot into CS. But it didn’t take long fort reality to sink in about the band-aid-like nature of this facility. However, the situation under the hood may in fact be […]
Is the U.S. Banking System Safe?–15 Years Later
IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER “We’ve got strong financial institutions…Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.” – Henry Paulson – 3/16/08 “I have full confidence […]
New EIA Report Reveals Massive Downward Reductions In US Shale Oil Output
New EIA Report Reveals Massive Downward Reductions In US Shale Oil Output Readers will recall that, for the last several months, I have noted that US oil production per the EIA’s weekly Petroleum Status Report was inconsistent with the data from the EIA’s monthly Drilling Productivity Report (DPR) The graph below shows that state of play as of last […]
For Fed, What Happens Today More Important Than Monday’s Mayhem
For Fed, What Happens Today More Important Than Monday’s Mayhem It was clear from the get-go that Monday would be mayhem for the markets – and as it turned out, it proved a lot more than that, with two-year Treasury yields collapsing the most in decades. At stake was not just the integrity of the financial […]
Bankruptcies Soar Across EU, As Companies Hit Wall At Fastest Rate Since Records Began in 2015
Bankruptcies Soar Across EU, As Companies Hit Wall At Fastest Rate Since Records Began in 2015 Legions of European companies are succumbing to the final straw of Europe’s largely self-inflicted energy crisis. Bankruptcy proceedings in the Canary Islands, Spain’s heavily tourism-dependent island chain, soared a whopping 276% year over year in 2022, according to the latest data […]
Peak Oil Gets Admitted?
Peak Oil Gets Admitted? Denial is like a glacier. At first sight, and to everyone standing on it, it looks rock solid. Then cracks start to develop, and before you know it, a huge chunk breaks off and drifts away — never to be seen again. This is what’s happening to peak oil right in […]
Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun
Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went […]
The 10 Rules of Propaganda
The 10 Rules of Propaganda Lord Arthur Ponsonby was a British diplomat and politician, dates 1871–1946. This keen and cagey fellow pinpointed 10 rules of propaganda. They are these: 1. We don’t want war, we are only defending ourselves. 2. The other guy is solely responsible for this war. 3. Our adversary’s leader is evil […]
Here We Go Again
Here We Go Again “I keep hearing about battery innovation, but it never makes it to my phone.” – Evan Spiegel For those that have been in and around alternative energy research for the better part of long careers, nothing makes the eyes roll harder than loud proclamations of breakthrough advances in battery technology. Consider […]
The War for the Dollar is Over Part II: The Fly or the Windshield?
The War for the Dollar is Over Part II: The Fly or the Windshield? Live images flashing by Like windshields towards a fly Frozen in that fatal climb But the wheels of time, just pass you by -RUSH, “Between the Wheels” In part I of this series I told you the war over the US dollar […]
