Australian Green House Gas emissions down in 2020 due to Covid
Australian Green House Gas emissions down in 2020 due to Covid The Australian Prime Minister claimed emissions are down 20% from 2005 levels Prime Minister: “…Australia is part of the solution. Our emissions have fallen by 20 per cent since 2005. We are the only country to our knowledge, that engages in the transparency of reporting […]
Oil Prices Rebound As U.S. Walks Back Plan To Tap Strategic Petroleum Reserve
Oil Prices Rebound As U.S. Walks Back Plan To Tap Strategic Petroleum Reserve The U.S. Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports The DoE isn’t considering tapping the SPR “at this time” Goldman Sachs: SPR release […]
Weekly Commentary: Contagion
Weekly Commentary: Contagion Another big miss for non-farm payrolls, with September’s 194,000 jobs gain less than half the 500,000 forecast. But with the Unemployment Rate down to 4.8% and Average Hourly Earnings up 4.6% y-o-y (not to mention almost 11 million job openings), there’s ample evidence that much of the labor market has turned exceptionally […]
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control.
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control. Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what […]
Solar Energy on the Frontlines and Old-Fashioned Clotheslines
Solar Energy on the Frontlines and Old-Fashioned Clotheslines Solar energy comes to Earthlings in many ways. Ancient Persians used passive solar architecture. East Africans about the same time funneled cool ocean wind through tunnels to cool themselves. Now at long last, solar energy is outpacing new fossil fuel and nuclear facilities on price, environmental safety, […]
Australia’s diesel imports on record high Update June 2021
Australia’s diesel imports on record high Update June 2021 Australia’s monthly diesel imports reached a record of 2,360 ML (495 kb/d) in June 2021. While it is common for imports to vary from month to month there is a long term increasing trend. This is caused by diesel consumption on a continuing growth path while […]
Karen Greenberg, Apologies All Around (Unfortunately, Not)
Karen Greenberg, Apologies All Around (Unfortunately, Not) Just in case you didn’t realize it, the lost war in Afghanistan was their fault, not ours. If we had any fault at all, as Secretary of Defense and former Iraq War commander Lloyd Austin pointed out at a Senate hearing last week, it was not fully grasping how bad […]
One Ring to Rule Us All: A Global Digital Fiat Currency
One Ring to Rule Us All: A Global Digital Fiat Currency We’ve written extensively about the “war on cash.” In a nutshell, governments would love to do away with cash in order to better track and control their citizens. There have been numerous moves closer to a cashless society in recent years, from capping ATM withdrawals to doing […]
Here’s Why the Housing Market Has Gone from Overheated to Raging Inferno
Here’s Why the Housing Market Has Gone from Overheated to Raging Inferno Image credit: Creative Commons (CC0) The housing market is on the verge of spinning out of control. Just about everything that could be going wrong is going wrong. The only holdout for the moment is home prices, which are up an astonishing 22.5% just this year. For many […]
Anyone Who’d Support Going To War Over Taiwan Is A Crazy Idiot
Anyone Who’d Support Going To War Over Taiwan Is A Crazy Idiot Listen to a reading of this article: ❖ Taiwan has been in the news a lot lately, and it’s really bringing out the crazy in people. The mass media have been falsely reporting that China has been encroaching on Taiwan’s “air defense zone”, which gets stretched into […]
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price European policymakers and some traders blame Russia for the low volume of gas stored across the region which has sent both gas and electricity prices surging to record highs. Russia’s pipeline gas export monopoly Gazprom has met commitments for long-term contracts, its clients confirm. But […]
How will 500,000 products made with fossils as feedstock & process energy be created post fossil fuels?
How will 500,000 products made with fossils as feedstock & process energy be created post fossil fuels? Preface. It is quite likely that after fossils are gone, plastics will no longer be made, since they are incredibly complex – PhDs in numerous fields make them possible – and most kinds have been around for only […]
Tiny North American Oat Crop Could Be Coming for Your Breakfast
Tiny North American Oat Crop Could Be Coming for Your Breakfast The smallest harvest ever in the U.S. is expected to shrink supplies needed for everything from Cheerios to oat milk A drought struck North America’s oat fields this season, and farmers are harvesting such a small crop that prices have risen to record highs, signaling inflation for breakfast […]
US Heating Oil Supplies Lowest In Decades Ahead Of Winter
US Heating Oil Supplies Lowest In Decades Ahead Of Winter Americans are hoping the energy crisis in Asia and Europe won’t spread stateside. But industry insiders warn that winter blackouts across the US are possible as low fossil fuel stockpiles may lead to shortages amid heightened demand. The latest concern is ultra-low stockpiles of heating oil (distillate fuel […]
Blackout Warning For Delhi If Coal Supply Not Restored In 2 Days
Blackout Warning For Delhi If Coal Supply Not Restored In 2 Days Over half of India’s 135 coal-fired power plants, which in total supply around 70 per cent of the country’s electricity, have fuel stocks of less than three days Power Crisis: Coal-fired power plants are facing shortage of coal There could be a blackout […]
