Why We Ignore the Obvious: The Psychology of Willful Blindness
Why We Ignore the Obvious: The Psychology of Willful Blindness How to counter the gradual narrowing of our horizons. “Keep your baby eyes (which are the eyes of genius) on what we don’t know,” pioneering investigative journalist Lincoln Steffens wrote in a beautiful 1926 letter of life-advice to his baby son. And yet the folly of the human […]
UK Met Office Issues First Red Warning for Extreme Heat
People walk past Big Ben at the Houses of Parliament in London, on July 15, 2022. (Dominic Lipinski/PA Media) UK UK Met Office Issues First Red Warning for Extreme Heat The UK’s Met Office has issued its first ever red warning for extreme heat, as it warned of a “potentially very serious situation” in parts […]
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction Abstract This paper assesses how much oil remains to be produced, and whether this poses a significant constraint to global development. We describe the different categories of oil and related liquid fuels, and show that public-domain by-country and global […]
German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage
German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage Dear Biden administration: for an example of a real emergency that justifies draining a commodity reserve – and not just midterm elections which Democrats will lose in a historic rout – read on. German energy giant and distressed nat gas utility Uniper, […]
Bigger than you can imagine
Bigger than you can imagine One of the problems with claims that our situation is “just like the 1970s,” is that very few adults of the period are still around to share the memory. Those of us who were children at the time have only memories distorted through the lens of childhood innocence. I, for […]
Deutsche Bank Now Modeling German Households Chopping Wood To Keep Warm This Winter
Deutsche Bank Now Modeling German Households Chopping Wood To Keep Warm This Winter Yesterday we reported that just in case the world didn’t have enough things to worry about, it is now also petrified about Europe’s potential “doomsday” on July 22 when Putin will decide the fate of the continent: if he resumes gas flows along the […]
Motorway speed limit reduction and Sunday driving ban to tackle reliance on oil suggested
Motorway speed limit reduction and Sunday driving ban to tackle reliance on oil suggested Included in the plan is a ban on driving cars in cities every Sunday, as well as a suggestion to cut speed limits on motorways by 6mph (PA) Reducing the speed limit on motorways and banning Sunday driving are ideas suggested to cut Britain’s […]
The great unravelling
The great unravelling Real life Bond villain Klaus Schwab has become the focus of ridicule following crude attempts to remove articles praising Sri Lanka’s “Vision 2025” economic plan from the World economic Forum (WEF) website – the world’s leading proponent of the hi-tech fourth industrial revolution apparently not realising that nothing ever disappears from the internet. Sri Lanka was supposed […]
Three Illuminating Quotes About The War In Ukraine
Three Illuminating Quotes About The War In Ukraine Listen to a reading of this article: ❖ Noam Chomsky, John Pilger, and Chris Hedges have lent their expertise to the subject of the war in Ukraine with some recent comments that help bring some much-needed clarity to an often confusing and always contentious issue. Here they […]
“Take The Tragedy In Sri Lanka And Multiply By Ten”: The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy
“Take The Tragedy In Sri Lanka And Multiply By Ten”: The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy We are living in a period of mass “Jonestown” economic delusion. Just twenty months ago – central bankers were offering to buy nearly every junk bond known to mankind, dramatically distorting the […]
US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month
US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month With The White House having desperately tried to front-run this morning’s inflation print, analysts were expecting a jump higher led by food and energy costs. They were right in direction but it was way worse as the headline CPI soared 9.1% […]
A potential ‘black swan’ for US oil prices is being overlooked: unreliable electricity grids
A potential ‘black swan’ for US oil prices is being overlooked: unreliable electricity grids Failing power grids and electricity shortages across the US could throw the oil market into chaos. Photo by: Planet One Images/UCG/Universal Images Group via Getty Images Failing US power grids could be the next vulnerability in the supply chain for oil, energy […]
James Howard Kunstler: It’s All Going to Have to Get Smaller
James Howard Kunstler: It’s All Going to Have to Get Smaller “I’m not a techno-narcissist. I don’t think there are technological rescue remedies that will allow us to keep doing what we’re doing…”— James Howard Kunstler There is a prevailing fallacy, despite warning signs to the contrary (looming peak oil, fragile markets, and climate weirdness, […]
Is the Euro An Energy Problem Or A Central Bank Problem?
IS THE EURO AN ENERGY PROBLEM OR A CENTRAL BANK PROBLEM? If its an energy problem, then there is no way back. It looks more like a central bank problem to me. As mentioned in the last post, the huge break in energy prices between the US and the rest of the world could explain […]
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns The bullish narrative for oil markets builds as the head of the International Energy Agency (IEA) and a new Organization of the Petroleum Exporting Countries (OPEC) report, all separately, warned Tuesday about a further global squeeze on energy supplies. IEA Executive Director Fatih Birol told the audience at a […]
