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The fall of an empire
The fall of an empire Illustration: Aïda Amer/Axios The decline of ExxonMobil has been remarkable in its magnitude and unexpectedness. Why it matters: While all major oil companies are facing troubles, Exxon has fallen the farthest, in large part because it has made the biggest bets on oil and gas — and the smallest bets on […]
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness Transportation fuel demand rose to where it had been in … 1997. While the overall S&P 500 Index is down 2.7% in October, about flat for the three-month period, and up 2.8% for the year, the S&P 500 Energy […]
Australia’s Perth Mint Silver Bullion Sales Surge In 2020
Australia’s Perth Mint Silver Bullion Sales Surge In 2020 With the newest update just released, Perth Mint silver bullion sales surged in the first three quarters of 2020. And, for the first time in many years, the Perth Mint sold more than two million oz of silver bullion in a single month this year. The […]
No, GDP Didn’t Jump “33.1%” in Q3, But 7.4%, after Plunging 9% in Q2: Time to Kill “Annualized” Growth Rates. Imports, Powered by Stimulus, Dragged on GDP
No, GDP Didn’t Jump “33.1%” in Q3, But 7.4%, after Plunging 9% in Q2: Time to Kill “Annualized” Growth Rates. Imports, Powered by Stimulus, Dragged on GDP GDP back to Q1 2018. Worst ever “net exports.” The decline in government spending was also a drag. “GDP per Capita” bounced back only to 2017 level. The […]
Pipe Dream: Taxpayer-Owned TMX Is a Bust, Concludes Analyst
Pipe Dream: Taxpayer-Owned TMX Is a Bust, Concludes Analyst Expect no Asian windfall for oilsands crude, says a new report by expert David Hughes. Prime Minister Justin Trudeau announces cabinet’s approval to greenlight the TMX project on June 18, 2019. Photo by Sean Kilpatrick, the Canadian Press. Remember that 67-year-old pipeline and its controversial bitumen expansion […]
ALICE Doesn’t Work Here Anymore
ALICE Doesn’t Work Here Anymore What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever. Meet ALICE: Asset Limited, Income Constrained, Employed, at least she was employed until the pandemic presented impossible choices between taking care of her children and their education, […]
Capitalism Will Ruin the Earth By 2050, Scientists Say
Capitalism Will Ruin the Earth By 2050, Scientists Say The good news is, by cutting our consumption, there’s another way. IMAGE: GETTY IMAGES A spate of new scientific research starkly lays out the choice humankind faces in coming decades: By 2050, we could retain high levels of GDP, at the price of a world wracked by […]
2021 A Year of Mass Bankruptcy – John Rubino
2021 A Year of Mass Bankruptcy – John Rubino Financial writer John Rubino says, “2021 is going to be a pivotal year” in the debt markets. Rubino says lots of debt will either be bailed out or defaulted on in some way. Because of CV19, there is no getting around this. The debt clock has […]
Our Bizarre Economy 2.0 Is A Spending Based Illusion
Our Bizarre Economy 2.0 Is A Spending Based Illusion To say the economy we are seeing during 2020 is a bit bizarre is an understatement. Nobody predicted anything like we are seeing today. As money continues to be created out of thin air we are witnessing bailouts and crony capitalism on full display. Another factor playing […]
US Oil’s Merger Mania Won’t End Well For Energy
US Oil’s Merger Mania Won’t End Well For Energy The long-awaited shale patch consolidation has arrived, sparking another bout of merger mania in the energy industry. It’s reminiscent of the one in the late 1990s, just as the Internet bubble was exploding. But don’t expect the stocks to rally this time. Parallels between tech in […]
Pausing the game of growth
Pausing the game of growth Unsplash By Erik Mclean I feel personally guilty for the pandemic. At the beginning of March, I published my PhD dissertation “The Political Economy of Degrowth”, whose introduction ended with the following words: “Let me invite you into a wild thought experiment. Imagine that in one year, it will all stop. In […]
A life on our planet – review
A life on our planet – review I watched David Attenborough’s film A life on our planet the other evening. The first, and largest, part of the movie was very well made. Perhaps not much new, but very well presented and with excellent footage and narrative. Some images are very strong, even brutal, such as a lonely […]
Ben Hunt: Inflation Ahead!
Ben Hunt: Inflation Ahead! Why the investing world is about to change Ben Hunt — highly respected fund manager, author, and former professor/entrepreneur/venture capitalist — says that to be successful in managing your wealth, there’s only one question that matters: Are we entering a deflationary future, or an inflationary one? The strategies and appropriate investment […]
What the Great Reset Architects Don’t Want You To Understand About Economics
What the Great Reset Architects Don’t Want You To Understand About Economics It shouldn’t come as a surprise that the Vice President of the World Bank Carmen Reinhardt recently warned on October 15 that a new financial disaster looms ominously over the horizon with a vast sovereign default and a corporate debt default. Just in the past […]
Today’s Contemplation: The Coming Collapse VIII
October 30, 2020
Today’s Contemplation: The Coming Collapse VIII Chitchen Itza, Mexico (1986) Photo by author Once again, a comment I posted in response to an article on The Tyee. Where to begin? I realise this article is primarily about a federal political party and its future but there are two underlying issues that are discussed that need far […]
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