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California Oilfield Operators Refuse To Report Water Usage, In Violation Of The Law

California Oilfield Operators Refuse To Report Water Usage, In Violation Of The Law How much water does California’s oil and gas industry actually use? We still don’t know, despite a 2014 law signed by Governor Jerry Brown that went into effect this year requiring companies to report on all water produced, used and disposed of […]

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Are US Regulators Trying to Cover Up Influence Of Lobbyists On New Oil-By-Rail Regulations?

Are US Regulators Trying to Cover Up Influence Of Lobbyists On New Oil-By-Rail Regulations? It’s no secret that the oil and rail industries lobbied the Obama Administration heavily during the creation of new oil-by-rail regulations released this past May, with lobbyists reportedly not even taking a break the day after a major oil train accident. But just how […]

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“It’s Time To Hold Physical Cash”, Fidelity Manager Warns Ahead Of “Systemic Event”

“It’s Time To Hold Physical Cash”, Fidelity Manager Warns Ahead Of “Systemic Event” As Jamie Dimon recently noted while discussing the perils of illiquid fixed income markets, the statistics around “tail events” can no longer be trusted. In other words, 6, 7, or 8 standard deviation moves that in theory should only happen once every two or […]

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“There Could Be Trouble” As US Fracking Revolution Prepares to Go Global

“There Could Be Trouble” As US Fracking Revolution Prepares to Go Global A new report showing the U.S. overtaking Russia as the leading producer of oil and gas in the world should put to rest any doubt that the fracking revolution that has occurred in the U.S. is for real, or as BP’s chief economist put it, “profound.” And now with the recent […]

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The Regulatory State – Central Planning and Bureaucracy on a Rampage

The Regulatory State – Central Planning and Bureaucracy on a Rampage The New 10,000 Commandments Report – It’s Worse than Ever Before we begin, we should mention that the US economy has long been one of the least regulated among the major regulatory States of the so-called “free” world, and to a large extent this […]

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No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements

No Wrongdoing Here, Just 6,300 Corporate Fines and Settlements Despite the PR about how corporate profits benefit widows and orphans, this vast wealth is concentrated in the top 1% and the top 5%. I am honored to share a remarkable data base of Corporate Fines and Settlementsfrom the early 1990s to the present compiled by Jon […]

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A Mountain of Debt and no Growth

A Mountain of Debt and no Growth Too Many Geezers So far, we’ve proposed two reasons why the 21st century has been such a dud … First … the developed nations are cursed with too many geezers. We have nothing against old people (especially as we hope to be one ourselves all too soon). But […]

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No Surprises: Obama’s Fracking Rules Upset Everyone

No Surprises: Obama’s Fracking Rules Upset Everyone The Obama administration’s new rules on hydraulic fracturing, or fracking, are being denounced by the energy industry as impeding a US oil renaissance and by environmental groups who call them too weak to be effective. The Interior Department and the Bureau of Land Management (BLM) drew up the […]

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All Over America, Government Officials Are Cracking Down On Preppers

All Over America, Government Officials Are Cracking Down On Preppers Why would the government want to punish people that are just trying to work hard, become more self-sufficient and take care of their families?  There are approximately 3 million preppers in the United States today, and often they appear to be singled out for punishment […]

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