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SHTF! You HAVE TO HEAR What This TRUCKING INSIDER said to ME! PREP NOW!
SHTF! You HAVE TO HEAR What This TRUCKING INSIDER said to ME! PREP NOW!
Why every American should care that diesel prices are surging across the country
Why every American should care that diesel prices are surging across the country The cost of diesel fuel impacts truckers and the entire economy. (Photo: JIm Allen/FreightWaves) Gasoline prices are increasing almost daily, pinching the wallets and pocketbooks of nearly all Americans with cars. However, as bad as that news is, diesel prices are surging […]
The world has a major crude oil problem; expect conflict ahead
The world has a major crude oil problem; expect conflict ahead Media outlets tend to make it sound as if all our economic problems are temporary problems, related to Russia’s invasion of Ukraine. In fact, world crude oil production has been falling behind needed levels since 2019. This problem, by itself, encourages the world economy […]
Peak Oil Might Be Just Three Years Away, McKinsey Says
Peak Oil Might Be Just Three Years Away, McKinsey Says The energy transition continues to gain steam, with oil demand projected to peak in this decade – perhaps as soon as 2025, according to new research by leading global consultancy McKinsey & Company. McKinsey’s Global Energy Perspective research was launched at a time when global […]
Diesel In ‘Crisis’ Mode As Prices Break Records
Diesel In ‘Crisis’ Mode As Prices Break Records Diesel prices, the lifeblood of industry, have hit a record $5.16 per gallon, trending $1 per gallon higher than gasoline prices, with inventory shortages adding severe pressure and resulting in inflated prices for consumer goods. “While gasoline prices get much of the attention, diesel, which broadly is […]
Despite Soaring Prices the Oil Industry Stands To Lose
Despite Soaring Prices the Oil Industry Stands To Lose The true cost of energy is not measured in dollars Image source The days of Big Oil are numbered. Contrary to modern beliefs it is not going to be killed by the environmental movement, court decisions or conscious investment choices. There is a more hideous process […]
GeoDestinies 2022
GeoDestinies 2022 Walter Youngquist (1921-2018) was a petroleum geologist, a University of Oregon professor, and my friend. His life’s masterpiece is a 600 page book that’s now available to everyone as a free PDF download [HERE]. Geologists study Earth resources, many of which are being degraded and depleted — aquifers, topsoil, hydrocarbons, minerals, etc. These […]
It’s Not Just High Oil Prices. It’s a Full-Blown Energy Crisis.
It’s Not Just High Oil Prices. It’s a Full-Blown Energy Crisis. In Peru, protests that began in March against rising fuel and fertilizer costs spread throughout the country.Credit…Sebastian Castaneda/Reuters Americans are worrying about their gas prices. Germans are turning down their heating. Peru has seen violent protests — and a violent crackdown on them — over […]
Will We Have Food Shortages In America?
Will We Have Food Shortages In America? Aerial shot of a milling tractor (Tom Fisk/Pexels). Higher Food Prices And Shortages? Our system has been betting on higher food prices since earlier this year, and of course the war in Ukraine has put upward pressure on food an energy. But now one of our Twitter correspondents […]
This time really is different
This time really is different The UK may have avoided a technical recession – two successive quarters of negative growth – in the first half of 2022, but a year from now this will be of little comfort. This is because – despite the protestations of the US Bidon administration – the downturn in economic […]
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here?
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here? There’s some demand destruction. But oil bounced again, gasoline might be next. My guess is a long-drawn-out zigzag higher. Following the dizzying spike in gasoline prices, the question arises when demand destruction will set in, where people start driving […]
Resource limits and our strange game of musical chairs
Resource limits and our strange game of musical chairs With a wide range of commodities in limited supply, various regions of the world are now behaving as if they are engaged in simultaneous games of musical chairs when it comes to commodity shortages. The games differ by commodity and by region, but they all share […]
Permian explorers drill deep into fraclog, leaving shelves bare
Permian explorers drill deep into fraclog, leaving shelves bare (Bloomberg) — Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade. The number of wells that have […]
Neighborhood councils to cope with energy decline
Neighborhood councils to cope with energy decline I’m reading “The Dawn of Everything: A New History of Humanity” which is one of the best books I’ve read in years, and a very hopeful one – this 700 page book is full of evidence that agriculture, capitalism, slavery, greed, and the unfair distribution of wealth we […]
