Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Change Everything (And Not for the Better)
Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Change Everything (And Not for the Better) Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and every dinner table in […]
Designing a new currency is impractical
Designing a new currency is impractical Rising interest rates threaten to destabilise both financial asset values and the fiat currencies in which they are priced. This outcome is feared by the chattering classes who increasingly speculate about currency resets. So far, we have seen cryptocurrencies such as bitcoin, plans for the introduction of central bank […]
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing A hydraulic fracturing manager holds a mixture of sand and water which is pumped down the pipes at a shale gas site in the UK. Peter Powell/Reuters Russia’s invasion of Ukraine […]
Demand Destruction Has Begun
Demand Destruction Has Begun One month ago, Brent jumped above $100/bbl for the first time in eight years as Russia executed a full-scale invasion of Ukraine, and it became clear that western governments would impose sanctions. The oil market has been in triple digits for practically the entire time since. And, after a month of […]
The Tortuous Way to Nuclear Fusion
The Tortuous Way to Nuclear Fusion Newspapers make you think that nuclear fusion for electricity production is within reach and that, unlike fission, it is cheaper, cleaner, and safer. Okay, it’s not online yet, it is argued, but it’s up to us how fast it will supply useful energy. Things appear more complicated than that […]
“Stock-Outs” Begin: Austrian Energy Giant Limits Diesel Spot Sales Until Further Notice
“Stock-Outs” Begin: Austrian Energy Giant Limits Diesel Spot Sales Until Further Notice Earlier this week, we quoted the heads of some of the world’s biggest independent energy trades, who spoke at the FT Commodities Global Summit in Lausanne, Switzerland and unveiled a dire forecast for the diesel market: “The thing that everybody’s concerned about will be diesel […]
Trading Houses Will Collapse As “Margin Call Doom Loop” Goes Global, Trafigura CFO Warns
Trading Houses Will Collapse As “Margin Call Doom Loop” Goes Global, Trafigura CFO Warns Sometimes repo guru Zoltan Pozsar is so far ahead of his time, it takes the “experts” weeks just to read up on all the required source docs to even grasp what he is talking about. Last week we reported that the Bloomberg news that one […]
Climate Impacts From a Removal of Anthropogenic Aerosol Emissions
Climate Impacts From a Removal of Anthropogenic Aerosol Emissions Abstract Limiting global warming to 1.5 or 2.0°C requires strong mitigation of anthropogenic greenhouse gas (GHG) emissions. Concurrently, emissions of anthropogenic aerosols will decline, due to coemission with GHG, and measures to improve air quality. However, the combined climate effect of GHG and aerosol emissions over […]
First Look At Tornado Damage In New Orleans; 1000s Without Power
First Look At Tornado Damage In New Orleans; 1000s Without Power As the sun comes up Wednesday morning in New Orleans, many folks are waking up to vast amounts of destruction after a tornado touched down on Tuesday night. Local news WDSU reports a tornado ripped through parts of St. Bernard Parish, which borders New Orleans to […]
EU Considers Massive 100 Billion Euro Energy Relief Fund For Companies
EU Considers Massive 100 Billion Euro Energy Relief Fund For Companies Europe faces an unprecedented energy crisis that requires extraordinary policy action, such as a possible 100 billion in relief funds to businesses hit the hardest by soaring energy prices. Bloomberg cites MF daily that said the European Union on Wednesday is considering a massive 100 […]
Next Inflation Shock Comes From Resource Nationalism
Next Inflation Shock Comes From Resource Nationalism First there was supply-chain disruption brought on by the coronavirus, then war in Ukraine further rocked commodity markets. The next bout of inflation via raw material prices will be brought on by resource nationalism. While the cost pressures brought on by the difficulty in moving goods in a […]
Oil shocks and the potential for crisis U.S. House 2007
Oil shocks and the potential for crisis U.S. House 2007 Preface. U.S. Congressional hearings have boasted of America’s energy independence for several years. For those of you with a longer view, and doubts about the shale “fracked” oil revolution, here’s a house hearing about oil dependence. Much of the testimony revolves around an exercise called […]
Largest California Refinery Hit With Strike Amid Record-High Gas Prices
Largest California Refinery Hit With Strike Amid Record-High Gas Prices Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement. At least 500 workers at a gasoline, diesel, jet fuel, […]
“Gas Stations Will Run Dry”: Catastrophic Scenario For Diesel Emerging According To World’s Biggest Energy Traders
“Gas Stations Will Run Dry”: Catastrophic Scenario For Diesel Emerging According To World’s Biggest Energy Traders While the world has been obsessively focused on crude oil and gasoline in recent weeks, we instead alerted readers to a far more dire scenario playing out in diesel, a source of energy which is absolutely critical in keeping […]
Severe Drought And “Dust Bowl Conditions” Threaten To Create A Disastrous Winter Wheat Harvest In The U.S.
Severe Drought And “Dust Bowl Conditions” Threaten To Create A Disastrous Winter Wheat Harvest In The U.S. Food prices in the U.S. have already been soaring, and now we are on track for an absolutely horrible winter wheat harvest. Of course this comes at a time when the war on the other side of the […]
