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Category Archives: Energy
Exxon Dumps Tar Sands/Oil Sands Holdings, Slashes Estimate of Recoverable Reserve
EXXON DUMPS TAR SANDS/OIL SANDS HOLDINGS, SLASHES ESTIMATE OF RECOVERABLE RESERVES Greenpeace / Jiri Rezac Colossal fossil ExxonMobil has dropped virtually all its tar sands/oil sands holdings from its list of recoverable assets, and its Canadian subsidiary Imperial Oil followed suit by cutting a billion barrels of bitumen from its inventory, in what Bloomberg News […]
‘A Monstrous Monument to Greed and Stupidity’: Critics React to Site C Decision
‘A Monstrous Monument to Greed and Stupidity’: Critics React to Site C Decision BC Liberals accuse NDP of mismanagement; Greens warn public to brace for higher costs. Premier John Horgan confirmed today that construction of the Site C dam will once again go ahead. ‘I know there are a lot of British Columbians who have […]
Wind and Solar Energy Don’t Work
WIND AND SOLAR ENERGY DON’T WORK Leftists fantasize that before long, we can dispense with all reliable energy sources–coal, natural gas, nuclear, even hydro–and run our society entirely on wind and solar, two forms of energy that have been obsolete for 150 years. How can this be, since wind turbines only produce electricity when the […]
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments Last August, ExxonMobil warned that it may need to remove 20 percent of its oil and gas proved reserves from its books. While that was a shocking number from the oil major, reality proved to be even more of a shock […]
The Outage at the Federal Reserve
The Outage at the Federal Reserve The outage of the National Settlement Service and the Fedwire Securities Service, which provides issuance, settlement, and transfer services for Treasuries and other government securities, was down and this has caused some concern and then conspiracy theories mixed in. The Fed made progress reversing the shutdown within a couple […]
Bank Of America Expects Fastest Oil Price Rise In 30 Years
Bank Of America Expects Fastest Oil Price Rise In 30 Years Oil prices are set to rise by the fastest rate since the 1970s over the next three years, Bank of America said in a new report, joining the growing group of analysts forecasting a return of oil to three-digit territory. The average price of […]
Global Green Energy Zombie Abengoa, Caught Cooking its Books in 2015 & Bailed Out Twice, Finally Runs Out of Bailouts, Files for Bankruptcy, 2nd Largest in Spanish History
Global Green Energy Zombie Abengoa, Caught Cooking its Books in 2015 & Bailed Out Twice, Finally Runs Out of Bailouts, Files for Bankruptcy, 2nd Largest in Spanish History Biggest beneficiaries of the now scuttled rescue plan would have been private equity firm KKR and Banco Santander. Abengoa, the global renewables energy giant that was caught […]
Oil and Debt: Why Our Financial System Is Unsustainable
Oil and Debt: Why Our Financial System Is Unsustainable How much energy, water and food will the “money” created out of thin air in the future buy? Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is: all debt is borrowed against […]
Power Down
Power Down One of the articles of faith I have held for a long time is that we are not, collectively, going to deal with the troubles of our future willingly. We are not going to reduce our energy and resource usage in an effort to mitigate the worst impacts of ecological destruction and climate […]
A Practical Exercise Suggestion for Peak Oil Sceptics
A Practical Exercise Suggestion for Peak Oil Sceptics (Translated from Spanish by Amelia Burke, originally published in two parts.) When someone calls into question the existance of a peak in the production (extraction) of a non-renewable resource, which oil is, you should invite them to study carefully the curves of the Energy Export Databrowser. This Databrowser […]
Past world economic production constrains current energy demands: Persistent scaling with implications for economic growth and climate change mitigation
Past world economic production constrains current energy demands: Persistent scaling with implications for economic growth and climate change mitigation Abstract Climate change has become intertwined with the global economy. Here, we describe the contribution of inertia to future trends. Drawing from thermodynamic principles, and using 38 years of available statistics between 1980 to 2017, we […]
The First Texas-Freeze Casualty: Just Energy Implodes, Issues Going Concern Warning
The First Texas-Freeze Casualty: Just Energy Implodes, Issues Going Concern Warning Just Energy’s shares crashed more than 21% in the premarket after the company released a statement about steep losses incurred during the winter storms that swept across Texas last week warning of doubts about remaining a ‘going concern’ (translation: it may not survive). “The financial impact […]
The Temporary Collapse Of Texas Is Foreshadowing The Total Collapse Of The United States
The Temporary Collapse Of Texas Is Foreshadowing The Total Collapse Of The United States We are getting a very short preview of what will eventually happen to the United States as a whole. America’s infrastructure is aging and crumbling. Our power grids were never intended to support so many people, our water systems are a […]
Who’s To Blame For The Texas Power Crisis?
Who’s To Blame For The Texas Power Crisis? Our last report focused on the uniqueness of the Texas wholesale electricity market, ERCOT, and how it was specifically designed to evade federal utility regulation. And as if he were our paid spokesperson, former Texas governor Rick Perry stated publicly that Texans were happy to suffer blackouts […]
