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EU Prepares to Tighten Screws on Russian LNG Imports
EU Prepares to Tighten Screws on Russian LNG Imports In a move that could reshape Europe’s energy landscape, the European Commission is poised to propose new sanctions targeting Russian liquefied natural gas (LNG) imports. According to Reuters sources close to the matter, the proposed measures will include a ban on shipments within the EU and […]
Oil Markets Were Unwise But Right in the Israel-Iran Crisis
Oil Markets Were Unwise But Right in the Israel-Iran Crisis The Middle East seemed to be on the brink of war last week and oil prices fell. Was the market wrong? Brent futures price closed at $90.45 per barrel on Friday, April 12 before Iran’s missile and drone attack on Israel (Figure 1). When markets […]
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist Inflation could see a resurgence in 2025, BlackRock strategists warned. Jonathan Kitchen/Getty Images “I think what’s difficult for the Fed currently is actually the part of CPI that is being driven by demand, rather than the supply issues or the […]
‘Where can you hide from pollution?’: cancer rises 30% in Beirut as diesel generators poison city
‘Where can you hide from pollution?’: cancer rises 30% in Beirut as diesel generators poison city Lebanon’s economy and electricity system are broken and much power is now generated locally, with devastating effects on air quality and health Smog hangs over Beirut most days, a brownish cloud that darkens the city’s skyline of minarets and […]
I Saw the Future of Europe… In India
I Saw the Future of Europe… In India Photo by Mitchell Ng Liang an on Unsplash This is definitely not going to be an article what the title may suggest. At least not for those who still believe in the mainstream paradigm, according to which “everything can only get better with time”. This is also not going to […]
Oil Companies Must Set Aside More Money to Plug Wells, a New Rule Says. But It Won’t Be Enough.
Oil Companies Must Set Aside More Money to Plug Wells, a New Rule Says. But It Won’t Be Enough. For the first time in more than 60 years, the Bureau of Land Management will force oil and gas companies to set aside more money to guarantee they plug old wells, preventing them from leaking oil, […]
The Strait of Hormuz and ‘the Spice’
The Strait of Hormuz and ‘the Spice’ Frankly #61 In this week’s Frankly, I’d like to highlight the importance of the Strait of Hormuz, a global supply chain choke point where nearly half of the world’s oil available for export travels through on a daily basis. In the midst of high-stakes geo-political events where threats […]
EROEI and Civilization’s Forced Decline
EROEI and Civilization’s Forced Decline EROEI (Energy Return on Energy Invested) is possibly the most important ratio to human existence. This measure is foundational to our civilization, yet understood by few. Photo by NASA / Unsplash EROEI (Energy Return on Energy Invested) is possibly the most important ratio to human existence. This measure is foundational […]
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent In a game of tit for tat, Israel strikes back at Iran for Iran’s missile launch against Israel. Iran’s attack on Israel was in response for Israel illegally striking an Iranian embassy in Syria. Israeli Missiles Hit Site in Iran The NPR reports Israel launches […]
Is There a Road Map for What’s Ahead?
Is There a Road Map for What’s Ahead? One of our primary survival traits is the ability to anticipate the future to avoid threats and reap higher yields. We seek a vantage point to view the road ahead, or even better a road map to what’s ahead. Is there a road map to what’s ahead? An enormous […]
Almost Everything is About Oil in the Middle East
Almost Everything is About Oil in the Middle East Perhaps the most extraordinary part of Iran’s April 13 attack on Israel was that it was countered by a coalition that included Jordan, Saudi Arabia and the United Arab Emirates (UAE). It is also noteworthy that this was the first time that the United States engaged militarily in […]
AI Computing Is on Pace to Consume More Energy Than India, Arm Says
AI Computing Is on Pace to Consume More Energy Than India, Arm Says (Bloomberg) — AI’s voracious need for computing power is threatening to overwhelm energy sources, requiring the industry to change its approach to the technology, according to Arm Holdings Plc Chief Executive Officer Rene Haas. By 2030, the world’s data centers are on […]
Severe energy crisis paralyzes Ecuador for two days
Severe energy crisis paralyzes Ecuador for two days President Daniel Noboa has suspended work and school on Thursday and Friday, and accuses the outgoing energy minister of having hidden the problem A student reads a text by candlelight in Quito, Ecuador, on April 17, 2024.JOSÉ JÁCOME (EFE) Ecuador is in the dark. Not only because […]
Russian Refineries Install Nets as Protection From Drone Attacks
Russian Refineries Install Nets as Protection From Drone Attacks Russian oil company Bashneft, part of state-controlled giant Rosneft, has installed metal mesh at its refineries to protect them from drone attacks from Ukraine, Russian media reported on Friday, quoting Radiy Khabirov, the head of the Bashkortostan region where Bashneft is based. “We don’t stop there. There are […]
Predicting the Future: How Good is the “Earth4All” Model?
Predicting the Future: How Good is the “Earth4All” Model? Jorgen Randers, one of the original authors of the first report to the Club of Rome, “The Limits to Growth,” of 1972. Now, he is one of the main authors of the new report to the Club, “Earth for All” This post is not meant to […]
