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Mattis “We’re Not In Iraq To Seize Anybody’s Oil”
Mattis “We’re Not In Iraq To Seize Anybody’s Oil” In the latest distancing by Trump administration advisors from recent statements by the President, Defense Secretary Jim Mattis arrived in Baghdad on an unannounced visit on Monday to discuss the war effort against ISIS, and said that the US military is not in Iraq “to seize […]
Fumbling Towards Collapse
Fumbling Towards Collapse In all the smoke and fog emitted by Trump and his adversaries, it must be hard to make out the actual issues dogging this society, and even when you can, to find a coherent position on them. This was nicely illustrated in Paul Krugman’s fatuous column in Monday’s New York Times, “On Economic […]
Trump Left Saudi Arabia Off His Immigration Ban… Here’s the Shocking Reason Why
Trump Left Saudi Arabia Off His Immigration Ban… Here’s the Shocking Reason Why On August 15, 1971, President Nixon killed the last remnants of the gold standard. It was one of the most significant events in US history—on par with the 1929 stock market crash, JFK’s assassination, or the 9/11 attacks. Yet most people know […]
The Oil War Is Only Just Getting Started
The Oil War Is Only Just Getting Started It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing […]
What is this ‘Crisis’ of Modernity?
What is this ‘Crisis’ of Modernity? Workmen next to the screws of the RMS Titanic at Belfast shipyard, 1911The people at Conflicts Forum, which is directed by former British diplomat and MI6 ‘ranking figure’ Alastair Crooke, sent me an unpublished article by Alastair and asked if the Automatic Earth would publish it. Since I like his […]
What Have We Learned From the Lac-Megantic Oil Train Disaster?
What Have We Learned From the Lac-Megantic Oil Train Disaster? Brian Stevens first learned about the Lac-Megantic disaster — in which an unattended oil train caught fire and exploded, killing 47 people in the Quebec town — when he saw the news reports on TV. Stevens is currently National Rail Director for Unifor, Canada’s largest private sector union, but […]
Things That Make You Go Hmm… Like The Death Of The Petrodollar, And What Comes After
Things That Make You Go Hmm… Like The Death Of The Petrodollar, And What Comes After Excerpted from “Get It. Got It. Good” by Grant Williams, author of “Things That Make You Go Hmm…” The story begins in the 1970s when Henry Kissinger and Richard Nixon struck a deal with the House of Saud — […]
Trump’s Oil Price Dilemma
Trump’s Oil Price Dilemma President-elect Donald Trump has started naming his picks for key administration offices, and it looks like he is beginning to assemble a team to deliver on at least part of his campaign promises of An America First Energy Plan. Trump’s agenda includes lifting restrictions and opening onshore and offshore leasing on federal […]
Huge Decline In U.S. Proved Oil And Gas Reserves
Huge Decline In U.S. Proved Oil And Gas Reserves Proved oil and gas reserves down 11.8 percent and 16.6 percent, respectively, from year-end 2014 EIA has downgraded its estimates of proved oil and gas reserves in the U.S., according to its Crude Oil and Natural Gas Proved Reserves, Year-end 2015 report, released today. Proved reserves of […]
Heal the Planet for Profit
Heal the Planet for Profit Parisians duck down to evade German sniper fire following Nazi surrender of Paris, 1945If you ever wondered what the odds are of mankind surviving, let alone ‘defeating’, climate change, look no further than the essay the Guardian published this week, written by Michael Bloomberg and Mark Carney. It proves beyond a […]
What has gone wrong with oil prices, debt, and GDP growth?
What has gone wrong with oil prices, debt, and GDP growth? Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments. If we want any kind of specialization, we […]
The Rhizosphere
THE RHIZOSPHERE The rhizosphere is the word used to describe the area of soil surrounding plant roots. It is the most biologically active layer of the soil; populated with micro organisms interacting and benefiting from chemicals released by plant roots (1,2,7). There are more micro organisms present in a teaspoon of soil than there are […]
Get Ready… Change Is Upon Us
Get Ready… Change Is Upon Us The ‘economic peace’ we’ve enjoyed for decades is over “After four years of warfare that tore the world apart like never before, a peace was finally reached. But it was a peace which one man in particular vociferously condemned — and that man was John Maynard Keynes. In just two […]
How Researchers Could Miss the Real Energy Story
How Researchers Could Miss the Real Energy Story I have been telling a fairly different energy story from most energy researchers. How could I possibly be correct? What have other researchers been missing? The “standard” approach is to start from the amount of resources that we have of a particular type, for example, oil in the ground, […]
