Artificially Low Interest Rates? So what?
Artificially Low Interest Rates? So what? The Federal Reserve has held interest rates artificially low for decades. Even after pushing rates to zero in the wake of the 2008 financial crisis, “normalization” only managed to raise rates to 2.5% — hardly “normal.” The central bank began cutting rates in 2019, even before the coronavirus pandemic. But what […]
History Warns The Fed Will Raise Interest Rates More, Not Less
History Warns The Fed Will Raise Interest Rates More, Not Less History Warns The Fed Will Raise Interest Rates More, Not Less “Currently, the December 2019 Fed Funds futures contract implies that the Fed will reduce the Fed Funds rate by nearly 75 basis points (0.75%) by the end of the year. While 75 basis […]
The Next European War
The Next European War The notion that history has nothing to teach us is one of the most pervasive beliefs in modern industrial society. It’s also one of the most misguided. Sure, we’ve got all these shiny new technological trinkets, and we love to insist to ourselves that this means we’re constantly breaking new ground […]
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022 Diamondback said it planned to pump some 221,000 to 225,000 barrels of crude daily. For full 2021, Diamondback said production would come in at between 222,000 to 223,000 bpd Most large shale drillers are adopting the same approach in order to […]
Permafrost: a ticking carbon time bomb
Permafrost: a ticking carbon time bomb In Sweden’s far north, permafrost beneath the Stordalen mire is up to thousands of years old. Sheltered by snow-spattered mountains, the Stordalen mire is a flat, marshy plateau, pockmarked with muddy puddles. A whiff of rotten eggs wafts through the fresh air. Here in the Arctic in Sweden’s far […]
Revenge of the Real World
Revenge of the Real World The status quo response would be amusing if the consequences weren’t so dire. Rather than stare at empty shelves, you have two options for distraction: you can don a virtual-reality headset and cavort with dolphins in the metaverse, or you can trade various forms of phantom wealth that always go up (happy happy!) because […]
How Much of the Worsening Energy Crisis Is Due to Depletion?
How Much of the Worsening Energy Crisis Is Due to Depletion? If society attempts to maintain current levels of energy services throughout the transition, the result will be a spike in both energy usage and carbon emissions. Coal and natural gas spot prices have recently soared to record levels internationally, while oil is trading at over […]
When they say money, think energy
When they say money, think energy The Indian government ruffled a few feathers at the COP this morning, by raising the thorny question of the £722bn they were supposed to receive to aid their transition away from fossil fuels. Because, when all is said and done, the proposed transition is all about money. Decommissioning the old fossil […]
Chris Hedges: The Most Important Battle for Press Freedom in Our Time
Chris Hedges: The Most Important Battle for Press Freedom in Our Time If he is extradited and found guilty of publishing classified material it will set a legal precedent that will effectively end national security reporting. WASHINGTON, D.C. (Scheerpost) – For the past two days, I have been watching the extradition hearing for Julian Assange via […]
The Big Green Lie
THE BIG GREEN LIE At the next Convention on Biological Diversity summit [phase one: 11-15 October 2021], world leaders plan to agree turning 30% of the Earth into “Protected Areas” by 2030. Big conservation NGOs say this will mitigate climate change, reduce wildlife loss, enhance biodiversity and so save our environment. They are wrong. Protected […]
Today’s Contemplation: Collapse Cometh XXXI
Today’s Contemplation: Collapse Cometh XXXI Tulum, Mexico (1986) Photo by author So, dozens of political leaders, their hundreds of staff, multitudes of corporate leaders, and who knows how many ‘celebrities’ have all gathered in Glasgow, Scotland for an elite confab (#26) to discuss the ‘Climate […]
The Big Three: The 21st Century “Clean Energy” Regime
THE BIG THREE: THE 21ST CENTURY “CLEAN ENERGY” REGIME *Breakthrough Energy Coalition Founders The “big three” that comprise the 21st century “clean energy” regime are Mission Innovation, Breakthrough Energy Coalition (BEC), and the Global Apollo Programme, with BEC in the driving seat. What we are witnessing is militarized advertising campaign for pseudo ‘public interest’ purposes. This is an example […]
BP: Oil Demand Has Already Topped 100 Million Bpd
BP: Oil Demand Has Already Topped 100 Million Bpd BP: Global oil demand has already exceeded the threshold of 100 million barrels per day Demand will continue to increase and reach pre-COVID levels at some point in 2022 Global oil demand has already exceeded the threshold of 100 million barrels per day (bpd) last seen […]
The Scientists Are Terrified
The Scientists Are Terrified A survey of the world’s top climate researchers shows a stark finding: Most expect catastrophic levels of heating and damage soon—very soon. Photo: Fadel Senna/AFP (Getty Images) A new Nature survey shows a majority of the world’s leading climate scientists expect “catastrophic” impacts in their lifetimes driven by rising greenhouse gas emissions. Brilliant […]
Code Red on FacingFuture.TV
Code Red on FacingFuture.TV Photograph Source: Emertz76 – CC BY 2.0 FacingFuture.TV recently hosted a preview of the upcoming IPCC 2021 UN climate report, which report guides the gathering of dignitaries from around the world meeting in Glasgow this November to discuss, analyze, and decide how to deal with global warming/climate change. According to the Code […]
