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Gen IV SMR nuclear reactors

Gen IV SMR nuclear reactors

Preface. Peak conventional oil, which supplies over 95% of our oil, may have peaked in 2008 (IEA 2018) or 2018 (EIA 2020). We are running out of time. And is it really worth building these small modular reactors (SMR) given that peak uranium is coming soon? And until nuclear waste disposal exists, they should be on hold, like in California and 13 other states.

And since trucks can’t run on electricity (When Trucks Stop Running: Energy and the Future of Transportation 2015, Springer), what’s the point? Nor can manufacturing be run on electricity or blue hydrogen (Friedmann 2019). Once oil declines, the cost to get uranium will skyrocket since oil is likely to be rationed to transportation, especially agriculture.

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Cho A. 2020. Critics question whether novel reactor is ‘walk-away safe’. Science 369: 888-889

Engineers at NuScale Power believe they can revive the moribund U.S. nuclear industry by thinking small. Spun out of Oregon State University in 2007, the company is striving to win approval from the U.S. Nuclear Regulatory Commission (NRC) for the design of a new factory-built, modular fission reactor meant to be smaller, safer, and cheaper than the gigawatt behemoths operating today (Science, 22 February 2019, p. 806). But even as that 4-year process culminates, reviewers have unearthed design problems, including one that critics say undermines NuScale’s claim that in an emergency, its small modular reactor (SMR) would shut itself down without operator intervention.

NuScale’s likely first customer, Utah Associated Municipal Power Systems (UAMPS), has delayed plans to build a NuScale plant, which would include a dozen of the reactors, at the Department of Energy’s (DOE’s) Idaho National Laboratory. The $6.1 billion plant would now be completed by 2030, 3 years later than previously planned, says UAMPS spokesperson LaVarr Webb. The deal depends on DOE contributing $1.4 billion to the cost of the plant, he adds.

…click on the above link to read the rest of the article…

New Study: Cross-Border Energy Infrastructure Critical To U.S.-Canada Energy Trade, Benefits Consumers On Both Sides Of The Border

New Study: Cross-Border Energy Infrastructure Critical To U.S.-Canada Energy Trade, Benefits Consumers On Both Sides Of The Border

WASHINGTON, April 6, 2021 – The American Petroleum Institute (API) today released a new report examining how growth in cross-border petroleum trade between the United States and Canada has led to the further integration of North American energy markets, delivering economic benefits, lowering consumer energy costs and strengthening energy security on both sides of the border. The analysis, which API Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola highlighted in remarks before the 2021 Scotiabank CAPP Energy Symposium earlier today, underscores how continued development and maintenance of cross-border energy infrastructure will be critical to sustaining this trade relationship and further integrating North American energy markets.

“The integration of U.S. and Canadian energy markets has been a win-win for both countries, supporting economic growth and lowering energy costs for working families while bolstering North American energy security,” API Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola said. “None of this would be possible without the cross-border energy infrastructure that enables the safe and efficient transport of these energy resources. Continued development and maintenance of this critical infrastructure is essential to furthering the success and mutual benefits of this important trade relationship.”

U.S. and Canadian petroleum markets are increasingly integrated:

  • U.S.-Canada petroleum liquids trade nearly doubled over the past decade.
  • Petroleum liquids trade represents 10 to 20 percent of total U.S.- Canada trade flow.
  • U.S. crude oil made up 72 percent of Eastern Canada’s crude imports in 2019.
  • Canada supplied 58 percent of US heavy crude oil imports in 2019.

Integration of U.S. and Canadian petroleum markets strengthens the energy security of both countries:

  • Increased imports of Canadian crude oil in tandem with booming domestic production have allowed U.S. refiners to significantly reduce crude oil imports from OPEC 70 percent from 2010 to 2019.

…click on the above link to read the rest of the article…

Shell To Exhaust Dwindling Oil & Gas Reserves By 2040

Shell To Exhaust Dwindling Oil & Gas Reserves By 2040

Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor said in its Energy Transition Strategy that it will put to a non-binding shareholder vote next month.

Discussing the risk of stranded assets in the energy transition, Shell said that every year it tests its oil and gas portfolio under different scenarios, including prolonged low oil prices, and cross-references assets with break-even prices to assess if they would still be viable in case of low oil and gas prices.

At December 31, 2020, Shell estimated that around 70 percent of its proved plus probable oil and gas reserves, known as 2P, will be produced by 2030, and only 5 percent after 2040.

Shell’s proved oil and gas reserves have been declining in recent years, shrinking the reserves life to below eight years of production.

In 2020, Shell’s proved reserves—taking production into account—decreased by 1.972 billion barrels of oil equivalent (boe) to 9.124 billion boe at December 31, 2020, the firm’s annual report showed.

That’s reserves for just seven years of production, lower than most peers.

The declining reserves life is not unique for Shell. The largest international oil companies have seen their average crude reserves drop by 25 percent over the past five years, which could be a challenge for Big Oil’s production and earnings in the coming years, Citi said earlier this month.

The supermajors reported lower reserves in their most recent reports, also due to the 2020 oil price and oil demand collapse, which forced all of them to write off billions of U.S. dollars off the value of assets.

In Shell’s case, the declining reserves life is not in contradiction to its assessment from earlier this year that its oil production peaked in 2019 and is set for a continual decline over the next three decades.

A Sense of Déjà Vu

A Sense of Déjà Vu

Déjà vu—the sudden insistent feeling that you’ve encountered the present moment before—can be one of the oddest of human experiences. Sometimes, though, it happens for perfectly prosaic reasons. Right now, as I look at headlines and certain other indicators, I’m having a very strong case of déjà vu for reasons that require only the simplest explanation.  Sometimes, after all, you really have been there before.

Twenty years ago, for example, I could look back at the energy crises of the 1970s and see a certain pattern unfolding with great clarity.  I’ll summarize the pattern for those of my readers who weren’t born yet at that time. All through the 1950s and 1960s, a handful of people had been warning that petroleum is a finite resource and that the breakneck extraction of petroleum at ever-rising rates was sooner or later going to slam face first into hard limits.  They were of course dismissed as cranks by all right-thinking people.  They were also correct.

A stark reality.

In 1973, declining production from US oilfields combined with political instability in the Middle East to slap the United States with a sudden shortfall in petroleum. The government and the Fed responded clumsily, expanding the money supply, which drove up prices, not only for petroleum products but for everything that was made and shipped using petroleum—that is to say, pretty much everything bought and sold in the country. The result was stagflation.  Meanwhile renewable-energy advocates convinced themselves that their time had come, and rushed a great many poorly conceived products to market, while the apocalypse lobby—those people who are constantly on the lookout for reasons to insist that everything is about to crash to ruin and we’re all going to die in the next few years—embraced the oil crisis as their cause du jour.

…click on the link above to read the rest of the article,..

The Wrong Direction: Bright Green Lies

The Wrong Direction: Bright Green Lies

THE RECENTLY RELEASED book Bright Green Lies: How the Environmental Movement Lost Its Way and What We Can Do About It is designed to disabuse a well-meaning public of the notion that Teslas and wind farms will save the planet. They won’t, say the three coauthors, Derrick Jensen, Lierre Keith, and Max Wilbert; at best, they’ll slow our inevitable self-destruction. The only thing that can save us is serious lifestyle change. What would that look like? From Thacker Pass in Humboldt County, Nevada, where he’s camped out with other activists protesting a pending lithium mine, Wilbert explains.

What’s the premise of Bright Green Lies?
“Bright green” environmentalists believe that technological changes can make our culture sustainable, and there’s not actually very good evidence to support this. In fact, the opposite is true. So, our book critiques technological solutions from an environmental perspective. We’re not just saying that solar panels and wind turbines are destructive. We’re saying that they’re actively misleading our movements and pulling us in the wrong direction.

So, I drive an electric car based on the belief I’m helping the planet. In your view, what should I be doing instead?
Cars themselves are the problem and some environmentalists have been pointing this out for decades. Car culture, urban sprawl, parking lots — these things don’t depend on the fuel that powers the car; they’re consequences of the car itself. People need to recognize that we’re not going to buy our way out of the ecological problems we face. In fact, the opposite is true. As long as we continue to invest in the mindset that produces this culture, that comes out of the idea that factories will save the planet, then we’re going to be led deeper into this mass extinction event.

…click on the above link to read the rest of the article…

Texas Faces New Power Crisis: Prices Soar 10,000% As ERCOT Urges Power Conservation Amid Grid ‘Emergency’

Texas Faces New Power Crisis: Prices Soar 10,000% As ERCOT Urges Power Conservation Amid Grid ‘Emergency’

Texas’ power grid operator, Electric Reliability Council of Texas (ERCOT), which came under immense pressure months ago for mishandling the historic winter storm in mid-February, urged customers Tuesday afternoon to “reduce their electricity use” as a cold front swept through, causing power demand to spike.

ERCOT told customers to please “conserve energy at this time. Consumers and businesses are urged to reduce their electricity use this afternoon and into the evening.”

Texas’ power grid operator also said:

“Due to a combination of high gen outages typical in April & higher-than-forecasted demand caused by a stalled cold front over TX, ERCOT may enter emergency conditions. 

With a cold front moving through the Lone Star state some generation units were already down for repair work. Bloomberg reports one spot price for Texas power jumped as much as 10,000% on Tuesday.

In particular, the average spot on-peak electricity at Ercot’s North Hub jumped more than 10,000% to $1,975.96 a megawatt-hour as of 4 p.m, according to grid data compiled by Genscape. Prices are capped at $2,000 a megawatt hour, after regulators suspended the previous $9,000 cap following the energy crisis.

The grid has seen tight supply conditions as below-average temperatures pour into the state this week.

So far, “We do not expect customer outages. Declaring an emergency would allow us to access additional resources,” ERCOT said, although it requested energy conservation. 

The internet was not enthused by ERCOT’s grid warning today:

…click on the above link to read the rest of the article…

‘Renewable’ Energy: It’s Not What You Think It Is.

‘Renewable’ Energy: It’s Not What You Think It Is.

I’ve been gathering a number of articles on ‘renewable’ energy and why it’s not really what the dominant narrative is portraying. I have divided them into a couple of what I believe are important aspects.

Energy is fundamental to life. Fossil fuels have provided a huge boost to the energy available to humans to ‘power’ our growth and impact on the planet. Alternatives cannot replace these. Our choice is stark: power down significantly or face the consequences of overshooting our natural carrying capacity.

 

  1. Alternatives do not come anywhere near fossil fuel’s energy-return-on-energy-invested and cannot ‘power’ our current lifestyles:

https://www.sciencedirect.com/science/article/pii/S2211467X19300926

Why the Standard Model of Future Energy Supply Doesn’t Work

https://www.forbes.com/sites/michaelshellenberger/2019/05/06/the-reason-renewables-cant-power-modern-civilization-is-because-they-were-never-meant-to/#6e0470d1ea2b

Searching for a Miracle: ‘Net Energy’ Limits & the Fate of Industrial Society

Renewable energy

https://pjmedia.com/news-and-politics/bryan-preston/2020/12/01/musk-electric-cars-will-require-a-lot-more-electric-power-than-we-currently-have-n1183962?fbclid=IwAR3bB8L2FMyeCyyHoas7p70TD5cyjmirAgLZ79f9VxGYTPEGOjNIMHIoT_g

2) Alternatives depend upon continued fossil fuel use:

http://www.bseec.org/renewable_energy_depends_on_fossil_fuels

https://www.friendsofscience.org/assets/documents/Renewable-energy-cannot-replace-FF_Lyman.pdf

http://energyskeptic.com/2020/renewables-must-help-pay-for-transmission-and-their-energy-storage-backup-of-fossil-power-plants/

3) Alternatives are inadequate for significant industrial processes we rely upon:

https://www.vox.com/energy-and-environment/2019/10/10/20904213/climate-change-steel-cement-industrial-heat-hydrogen-ccs

https://www.energypolicy.columbia.edu/research/report/low-carbon-heat-solutions-heavy-industry-sources-options-and-costs-today

http://energyskeptic.com/2019/can-concentrated-solar-power-be-used-to-generate-industrial-process-heat/

http://energyskeptic.com/2020/charcoal-for-the-high-heat-needed-in-manufacturing-after-peak-oil/

https://www.independent.co.uk/news/business/news/shell-fossil-fuels-oil-future-renewable-energy-heavy-industry-power-a8247106.html

Here are some that suggest renewable sources’ production and processing also wreak havoc on the environment:

https://phys.org/news/2020-09-renewable-energy-threat-environment.html

https://phys.org/news/2020-03-renewable-energy-threaten-biodiverse-areas.html

https://www.researchgate.net/publication/281550386_Environmental_Impacts_of_Renewable_Energy_Technologies

https://www.nap.edu/read/12987/chapter/6

https://www.theguardian.com/news/2020/dec/08/the-curse-of-white-oil-electric-vehicles-dirty-secret-lithium?CMP=Share_AndroidApp_News_Feed&fbclid=IwAR3tOB4Q4YuUF-tv-6SFyUW_N-mweMHIqGA9_g4tD95ZHxdIoJzxZw1qFdY

The Dark Side of Solar Power

https://brucewilds.blogspot.com/2021/01/are-evs-good-for-environment-mostly-not.html

https://theconversation.com/solar-panels-in-sahara-could-boost-renewable-energy-but-damage-the-global-climate-heres-why-153992?fbclid=IwAR2SPr1mbYAbTXy-zO5VgvZhpAphpZunWE6CCiaeNTImGBbTPvkxaPK3LuY

And here are some bonus reads:

http://energyskeptic.com/2020/navigant-2013-offshore-wind-manufacturing-and-supply-change-development/?fbclid=IwAR2hdXoGyYekF2vEWr_synGg7hfHI7MwcsU5HgFpIZ0uvhU9QTcNQX8fdsQ

NET ZERO — Everyone, from countries to companies, is talking about it – But what does it really mean?

https://srsroccoreport.com/green-energy-double-talk-begins-first-major-oil-producer-announces-deadline-to-end-oil-extraction-but-theres-a-catch/

https://medium.com/climate-conscious/the-sustainable-end-of-history-19e8dde664fe

https://www.vice.com/en/article/v7m48d/capitalism-will-ruin-the-earth-by-2050-scientists-say

https://www.advisorperspectives.com/articles/2020/11/30/what-oils-troubles-mean-to-the-rest-of-us

https://oilprice.com/The-Environment/Global-Warming/Why-The-World-Cant-Quit-Fossil-Fuels.html

http://energyskeptic.com/2020/navigant-2013-offshore-wind-manufacturing-and-supply-change-development/

Our Distance from Dirt

https://cassandralegacy.blogspot.com/2020/12/the-hydrogen-hoax-confessions-of-former.html

Climate Change and the Mitigation Myth

http://energyskeptic.com/2019/wind/

https://link.springer.com/article/10.1007/s41247-020-00080-5?fbclid=IwAR3A-1R0yXn6OAoIa5mfNHWCn8w86muR1AjNem1cYbGw0OAMyYrLDarlk3g

Wind and Solar Energy Don’t Work

Biden’s Policy to Double Gasoline Prices

Biden’s objectives, or should I say the people really running his administration which does not include even Harris, is to DOUBLE gasoline prices which is Part-B of this plan to “Build Back Better” which first requires you to destroy the economy as it currently exists. Part A was using the lockdowns to end commuting and force the bulk of the people to work remotely. That would end commuting. Part B is to double the price of gasoline by shutting down pipelines and preventing drilling wherever possible. Of course with state taxes on top of gasoline, as you can see reaching $5 to $6 in California has been accomplished.

On the futures, the major resistance stands at the 2.20 level. We can easily see gasoline prices rise to test the $4 to $5 level by 2023. I have been warning that this election was NEVER between Trump and Biden – this was about a major change and the agenda was coming from a coordinated effort spearheaded by the World Economic Forum.

joe biden, gasoline prices, united states, world economic forum, wef, martin armstrong, armstrong economics

Germany’s Political Crisis and the Future of Nord Stream 2

GERMANY’S POLITICAL CRISIS AND THE FUTURE OF NORD STREAM 2

Germany’s Political Crisis and the Future of Nord Stream 2

In a Blinken of an Eye

The Biden Administration entered the White House accompanied by hopes that it would return to some kind of normal in its relations with the European Union. While Biden, unlike Obama, would not score a Nobel Peace Prize solely for his existence, his victory was warmly welcomed in capitals around Europe as a sign that liberalism would vanquish populism ushering in a new era of “business as usual” in the form it was practiced during the Obama Administration.

Once in office, however, the Biden Administration has been working overtime in order to dispel any notion of a relationship of mutual respect between two more or less equal allies, US and EU. Instead, Biden officials have acted as if US and EU are a contemporary version of the Austro-Hungarian Empire, two countries with ostensibly separate political systems linked by a personal union in the form of the Emperor (Biden), held together by a common army (NATO) whose main task is preventing any separatism by “Hungary” (the EU) and whose foreign policy is made wholly in “Austria” (United States). Events like Brexit merely represent a part of the empire moving from “Hungary” to “Austria” for a variety of cultural and racial reasons. In practice it meant that, in addition to Biden replying affirmatively to a court journalist’s question whether Vladimir was a “killer” and Blinken provoking a major row with a Chinese delegation by informing them the US intended to deal with China from a “position of strength”, Blinken also issued a blunt warning to European companies working on Nord Stream 2 could be subject to US sanctions if they did not immediately withdraw from the project.

…click on the above link to read the rest of the article…

J.Hawk, SouthFront, nordstream 2, germany, oil and gas industry, nato, united states, joe biden, russia

 

Book review of “Bright Green Lies”

Book review of “Bright Green Lies”

This is a book review of “Bright Green Lies. How the Environmental Movement Lost its Way and What We can Do About It” by Derrick Jensen, Lierre Keith, and Max Wilbert.

This is a timely book.  The Biden administration is alarmed by how China controls up to 90% of rare earth and other essential minerals we’ll need for bright green power and anything else electronic. Analysts are predicting that the Biden infrastructure plan will include mines for lithium (such as the open-pit lithium mine at Thacker Pass, Nevada), a new copper mine in Arizona on land the San Carlos Apache Tribe considers sacred and more destruction of U.S. land, rivers, and aquifers.

This book covers the amazing amount of damage bright green power will do to the climate, biodiversity, and ecology, but above all by mining.  If you are trying to lose weight, read this book, you will lose your appetite, I guarantee you!

And why destroy our country to mine metals to compete with China? In my book “Life After Fossil Fuels”, I write “Let China monopolize the second most polluting industry on earth. Mining spews out acid rain, wastewater, and heavy metals onto land, water, and air. One fifth of China’s arable land is polluted from mining and industry.  Mining the materials needed for renewable energy potentially affects 50 million square kilometers, 37% of Earth’s land (minus Antarctica), with a third of this land overlapping key biodiversity areas, wilderness, or protected areas. If mined, that would drive biodiversity loss, harm (rain) forests, and poison ecosystems.  Renewable energy is anything but clean and green. And quite a Pyrrhic victory for China!”

…click on the above link to read the rest of the article…

alice friedemann, bright green lies, renewable energy, clean energy, misinformation, lies, propaganda, ecology,

Nord Stream 2 Operator Warns Warships and Planes Threaten the Russia-Germany Pipeline Project

Nord Stream 2 Operator Warns Warships and Planes Threaten the Russia-Germany Pipeline Project

The US is trying to prevent the project from being completed through sanctions and pressure on Germany.

A senior official from Nord Stream 2 AG, the project company leading the Nord Stream 2 Russia to Germany natural gas pipeline project, has reported an uptick in “provocative” activity from warships and planes in the area where the pipeline is being built.

“Higher activity of naval vessels, airplanes and helicopters and civilian vessels of foreign states is observed in the work area after restarted construction of the offshore segment of the Nord Stream 2 gas pipeline, whose actions are often clearly provocative,” said Nord Stream AG official Andrei Minin, according to the Russian news agency TASS.

Minin said a 1.5-mile safety zone is established around the construction area where vessels are not supposed to enter. “Nevertheless, naval vessels of foreign countries are constantly registered near service ships performing work,” he said, adding that a Polish antisubmarine warfare airplane is “regularly flying around the work area at a small height and closely to the pipelay vessel.”

Minin said in one provocation, an unidentified submarine was above surface within one mile of the pipeclay vessel Fortuna, a ship that was hit with US sanctions on January 19th. Minin said the activity indicates “obviously planned and prepared provocations.” Besides warships and planes, he said fishing vessels have also come dangerously close to the construction area.

The Nord Stream 2 pipeline has been in the crosshairs of the US for years, but despite sanctions and threats, Nord Stream AG reported on Thursday that the project is now 95 percent complete. Construction restarted in December 2020 after being suspended due to threats of US sanctions.

…click on the above link to read the rest of the article…

antiwar.com, nordstream 2, pipeline, germany, russia, united states, poland, dave decamp, economic sanctions

What To Expect From Today’s OPEC+ Meeting: Another Saudi Surprise?

What To Expect From Today’s OPEC+ Meeting: Another Saudi Surprise?

After Wednesday’s JMMC meeting ended without reaching a recommendation (as is customary and expected), the key decision-making OPEC+ meeting – where ministers will hammer out May’s output quotas – begins at 1pm London Time. As Newsquawk notes, market expectations are skewed towards an extension of current cuts, but a clear stance from Saudi – who have a tendency to surprise in recent months – remains to be seen, namely on the decision regarding the extra 1MM barrels the Kingdom has kept offline since the start of the year.

Commenting on today’s key event, Bloomberg’s Jake Lloyd-Smith reminds us that Saudi Arabia has sprung some big surprises in the oil market already this year, and may do so again today as OPEC+ grapples with a thorny decision on supply. That could make for a volatile session before the long weekend, and already has with oil whipsawing from gains to losses in jittery trading, amid market rumors that OPEC+ is i) considering a return to phased monthly oil-output hikes and ii) is also considering maintaining current cuts, according to a delegate… which pretty much covers every base so is completely useless.

As such, while the consensus view is the grouping will stick with deep output curbs to safeguard crude’s recovery, there’s an outside chance of alternative outcomes. These span the twin extremes, from releasing barrels to tightening further.

At issue is the varied recovery across key regions. For every rosy demand metric from the U.S. or China, there’s a poor one from Europe as lockdowns make a comeback. In addition, Riyadh faces a headache from rival Iran, which has been pushing clandestine barrels into China despite U.S. sanctions…

…click on the above link to read the rest of the article…

opec+, oil and gas industry, zerohedge, saudi arabia, russia, iran, china, united states, economic sanctions, oil, oil price, bloomberg

The Hidden Joule | Why Oil & Gas is Critical to Understanding Sustainability

The Hidden Joule | Why Oil & Gas is Critical to Understanding Sustainability

In this episode, we breakdown the difference between cost, price, and the value of oil and why this is so important. Additionally, we dive into the scaling effects of concentrated energy sources and how these differ from diffused, and the challenges of decarbonization without collapsing our society and standard of living.

hidden joule, art berman, oil and gas industry, sustainability, canacord genuity

Do You Believe in Magic?


The people pretending to run the world’s financial affairs do. The more layers of abstract game-playing they add to the existing armatures of unreality they’ve already constructed, the more certain it becomes that they will blow up all the support systems of a sunsetting hyper-tech economy that now has no safe lane to continue running in.

Virtually all the big nations are doing this now in desperation because they don’t understand that the hyper-tech economy is hostage to the deteriorating economics of energy, basically fossil fuels, and oil especially. The macro mega-system can’t grow anymore. We’re now in the de-growth phase of a dynamic that pulsates through history, as everything in the universe pulsates. We attempted to compensate for de-growth with debt, borrowing from the future.

But debt only works in the youthful growth phases of economic pulsation, when the prospect of being paid back is statistically favorable. Now in the elder de-growth phase, the prospect of paying back debts, or even servicing the interest, is statistically dismal. The amount of racked-up debt worldwide has entered the realm of the laughable. So, the roughly twenty-year experiment in Central Bank credit magic, as a replacement for true capital formation, has come to its grievous end.

Hence, America under the pretend leadership of Joe Biden ventures into the final act of this melodrama, which will end badly and probably pretty quickly. They are about to call in the financial four horsemen of apocalypse: 1) Modern Monetary Theory (MMT), 2) a command economy, 3) Universal Basic Income (UBI, “helicopter” money for the people), and 4) the “Build Back Better” infrastructure scheme.

…click on the above link to read the rest of the article…

money, monetary theory, modern monetary theory, debt, money printing, james howard kunstler, clusterfuck nation, magic, degrowth, growth

The Iran-China Axis Is A Fast Growing Force In Oil Markets

The Iran-China Axis Is A Fast Growing Force In Oil Markets

One of the things that doesn’t get a lot of discussion in the press is the under-the-table relationship Iran and China have had when it comes to oil. At first glance, they wouldn’t seem to have a lot in common. One is a theocracy with a radical view of non-believers and the other is probably the only example of a successful communist dictatorship since this form of government was created. But, if you look a little deeper they have a couple of things that align their mutual interests strongly. The first is they are both absolute dictatorships, meaning the institutions of government and national policies can be changed at the whim of those at the top. The second thing they have in common, and this is the main takeaway, both countries have serious geopolitical issues with the United States.

Iran suffers from years of sanctions imposed primarily by the U.S. to compel them to comply with U.N. resolutions regarding their atomic program. China views this century as the one in which they displace America as the world’s dominant Super Power. The place where these two authoritarian government’s worldviews align is in their opposition to the U.S.

It’s worth noting China’s apparent success has been funded by western economies over the last 75-years, thanks to our desire to buy everything as cheaply as possible. In that time, China has become the manufacturing center for the world and amassed immense wealth in doing so. The pandemic has caused a rethinking of the wisdom of outsourcing strategic commodities to despotic regimes, but for now, if you buy something other than food odds are it was made in China.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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