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Clinton Email Hints that Oil and Gold Were Behind Regime Change In Libya
Clinton Email Hints that Oil and Gold Were Behind Regime Change In Libya On New Year’s Eve, 3,000 emails from Hillary Clinton’s private email server were released. One of them confirms – an email dated April 2, 2011 to Clinton from her close confidante Sidney Blumenthal – that: Qaddafi’s government holds 143 tons of gold, and a similar […]
2016: Oil Limits and the End of the Debt Supercycle
2016: Oil Limits and the End of the Debt Supercycle What is ahead for 2016? Most people don’t realize how tightly the following are linked: Growth in debt Growth in the economy Growth in cheap-to-extract energy supplies Inflation in the cost of producing commodities Growth in asset prices, such as the price of shares of stock […]
The Geopolitics of Cheap Oil
The Geopolitics of Cheap Oil The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, […]
One Map That Explains the Dangerous Saudi-Iranian Conflict
One Map That Explains the Dangerous Saudi-Iranian Conflict The Kingdom of Saudi Arabia executed Shiite Muslim cleric Nimr al-Nimr on Saturday. Hours later, Iranian protestors set fire to the Saudi embassy in Tehran. On Sunday, the Saudi government, which considers itself the guardian of Sunni Islam, cut diplomatic ties with Iran, which is a Shiite Muslim […]
Enough Already! It’s Time To Send The Despicable House Of Saud To The Dustbin Of History
Enough Already! It’s Time To Send The Despicable House Of Saud To The Dustbin Of History The attached column by Pat Buchanan could not be more spot on. It slices through the misbegotten assumption that Saudi Arabia is our ally and that the safety and security of the citizens of Lincoln NE, Spokane WA and […]
Gail Tverberg: Something Has Got To Break
Gail Tverberg: Something Has Got To Break Growing debt faster than your energy supply has hard limits Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been […]
ISIS oil trucks cross into Turkey every day, captured terrorist admits
ISIS oil trucks cross into Turkey every day, captured terrorist admits A captured Islamic State militant who spoke to Sputnik news agency has bolstered claims that Turkey is involved in illegal oil deals with the jihadist group up to the hilt. TrendsIslamic State 24-year-old Mahmud Ghazi Tatar says he joined Islamic State (IS, previously ISIS/ISIL) […]
$10 Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC
$10 Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note […]
“Miracle of American Oil”: Continental Resources Courted Corporate Media to Sell Oil Exports
“Miracle of American Oil”: Continental Resources Courted Corporate Media to Sell Oil Exports A document published by the Public Relations Society of America, discovered by DeSmog, reveals that from the onset of its public relations campaign, the oil industry courted mainstream media reporters to help it sell the idea of lifting the ban on crude oil exports to the […]
2016 Is An Easy Year To Predict
2016 Is An Easy Year To Predict No year is ever easy to predict, if only because if it were, that would take all the fun out of life. But still, predictions for 2016 look quite a bit easier than other years. This is because a whole bunch of irreversible things happened in 2015 that […]
Why the oil price slump hasn’t kickstarted the global economy
Why the oil price slump hasn’t kickstarted the global economy There has only been a modest boost to global growth despite the oil price plummeting to as low as $35 a barrel. But as prices fall so the risks to producers rise An oil pump at sunset in the desert oilfields of Sakhir, Bahrain. As […]
Lower Oil Prices Are Shaking the World
Lower Oil Prices Are Shaking the World The long-term effects will echo for a decade or more. Oil prices fell by over half from June 2014 to January 2015 (Brent: $110 to $50), then another one-third since (to $35). Natural gas and coal prices have also plunged, partially due to the same forces but also from […]
Terror, climate chaos, financial crisis are the costs of ‘doing business’
Terror, climate chaos, financial crisis are the costs of ‘doing business’ The techno-narcissism of predatory neoliberal capitalism is locked into an endless war with the bastard monster of its own creation – Islamic State Fifteen years into the 21st century, humanity has made little progress in addressing major threats to civilisation. In fact, on terrorism, climate […]
Financial War over Oil Reshapes World, Will End with Much Higher Prices
Financial War over Oil Reshapes World, Will End with Much Higher Prices Low oil prices are the wreckage from a war – a financial war. By Larry Kummer, Editor of the Fabius Maximus website: Oil sell-off after OPEC makes even ECB look good. Better to have announced something, even if less than hoped for, than nothing […]
