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Iran & Venezuela Hail Victorious ‘Defiance’ Over US As 1st Tanker Is Escorted By Maduro Forces
Iran & Venezuela Hail Victorious ‘Defiance’ Over US As 1st Tanker Is Escorted By Maduro Forces The first among five Iranian fuel-laden tankers has arrived in gasoline-starved Venezuela amid US threats to intervene against the ‘sanctions-busting’ activity by two official Washington enemies. Reuters reports: “The tanker, named Fortune, reached the country’s waters at around 7:40 p.m. […]
BIG TROUBLE FOR THE BIG THREE U.S. OIL COMPANIES: Financial Disaster In Its Domestic Oil & Gas Sector
BIG TROUBLE FOR THE BIG THREE U.S. OIL COMPANIES: Financial Disaster In Its Domestic Oil & Gas Sector There’s no better way to describe what is taking place in the U.S. Big three Oil Companies domestic oil and gas sector than a complete and utter financial disaster. Honestly, I am not exaggerating. The only place […]
Nobody takes the renewable energy transition seriously
Nobody takes the renewable energy transition seriously “A goal without a plan is just a wish.”—Antoine de Saint-Exupéry Despite all the demands from climate activists, scientists, and even policy makers, hardly a single country is taking the shift to renewable energy seriously. Even countries and regions that claim to be working toward an energy transition are failing […]
COVID Crisis Could Unify World’s Largest Oil Companies
COVID Crisis Could Unify World’s Largest Oil Companies Sir Winston Churchill once admonished leaders to never let a good crisis go to waste. Wall Street banks and other large banks have been paying attention: They were shrewd enough to seize the opportunity presented by the last financial crisis to get hard-nosed government agencies to approve […]
Why Cleantech Investment Should be a High Priority Now and after COVID-19
Why Cleantech Investment Should be a High Priority Now and after COVID-19 Prior to the COVID crisis, progression to Net Zero carbon neutral emissions was rising to the top of the policy agenda in many countries. Understandably, the global health and economic crisis has thrown a spanner into the works. It is crucial though, Robyn […]
Is 2020 the End of a Energy Trend or the Beginning of a New Trend for Climate Change Advocates?
Is 2020 the End of a Energy Trend or the Beginning of a New Trend for Climate Change Advocates? QUESTION: Marty; I see that Socrates’ forecast for oil in 2020 was a major turning point. All the reversals worked great. But my question is, do you think with this 2020 turning point that this climate change […]
End Game for Green Utopia
End Game for Green Utopia Wind Turbines, Tehachapi Pass. Photo: Jeffrey St. Clair. On these two opposing types of responses to the movie “Planet Of The Humans”: PRO: “The key, however, is that all these [‘greenish’] energy policies have to be carried out after capitalism has been wiped out and under conditions where production is […]
Petrobras Expects Permanent Damage to Oil Demand as It Writes Off Billions In As
Petrobras Expects Permanent Damage to Oil Demand as It Writes Off Billions In As Petrobras has warned its shareholders that the coronavirus pandemic could leave a permanent mark on the global economy, including on consumer behaviors, as it reported a first-quarter loss and massive writeoffs on assets that have stopped being economical. The company booked a $9.7 […]
In the wake of the COVID-19 crisis, Europe must prepare for life after oil
In the wake of the COVID-19 crisis, Europe must prepare for life after oil For the first time in history, in the wake of the corona crisis, US oil prices have gone negative thanks to record lows in global oil demand. This pandemic has revealed deep-seated structural vulnerabilities in our fossil fuel-dependent economy. The most […]
Is EIA Data Disguising A Disastrous Decline In U.S. Shale?
Is EIA Data Disguising A Disastrous Decline In U.S. Shale? The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is “stability” in the oil market, and that economic activity will “explode” on the other side […]
Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk
Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk At no time since Ibn Saud first consolidated his Arabian conquests into the Kingdom of Saudi Arabia in 1932 has the ruling Saud dynasty faced such an existential threat to its continued rule over the country. It is true that Saudi Arabia has been […]
New Zealand Deprioritizes Growth, Improves Health and Wellbeing
New Zealand Deprioritizes Growth, Improves Health and Wellbeing Last May, New Zealand Prime Minister Jacinda Ardern released a budget to improve the “wellbeing” of its citizens rather than focusing on productivity and GDP growth. And not so coincidentally, New Zealand has one of the best coronavirus outcomes of any democracy in the world. Perhaps this […]
USGS says Powder River Basin has 35 years of coal left, not 250
USGS says Powder River Basin has 35 years of coal left, not 250 Preface. The USGS did a survey of coal in the U.S. in 1974 and announced that America had 250 years of coal left. In 2007, the National Research Council wrote a report suggesting 100 years was more likely due to “a combination […]
Has Demand For Oil Already Peaked?
Has Demand For Oil Already Peaked? Oil prices continue to rise on the prospect of a rebound in fuel demand as economies begin to reopen. But there is a large difference between oil demand rising from recent lows and actually growing relative to pre-COVID-19 trends. In other words, demand destruction on the order of nearly 30 […]
