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Our Oil Predicament Explained: Heavy Oil and the Diesel Fuel it Provides Are Key
Our Oil Predicament Explained: Heavy Oil and the Diesel Fuel it Provides Are Key It has recently become clear to me that heavy oil, which is needed to produce diesel and jet fuel, plays a far more significant role in the world economy than most people understand. We need heavy oil that can be extracted, […]
The Fed Cannot Fix Today’s Energy Inflation Problem
The Fed Cannot Fix Today’s Energy Inflation Problem There is a reason for raising interest rates to try to fight inflation. This approach tends to squeeze out the most marginal players in the economy. Such businesses and governments tend to collapse, as interest rates rise, leaving less “demand” for oil and other energy products. The […]
Peak Oil Gets Admitted?
Peak Oil Gets Admitted? Denial is like a glacier. At first sight, and to everyone standing on it, it looks rock solid. Then cracks start to develop, and before you know it, a huge chunk breaks off and drifts away — never to be seen again. This is what’s happening to peak oil right in […]
Will Nuclear War, Debt Collapse or Energy Depletion Finish the World?
WILL NUCLEAR WAR, DEBT COLLAPSE OR ENERGY DEPLETION FINISH THE WORLD? Fragility has probably never been greater in history. Just three words encapsulate the destiny of the world. The THREE words are: WAR, DEBT, ENERGY A FOURTH word will financially save the ones who understand its significance. It will also play a major role in the […]
Oil To Face “Serious” Supply Problem In 2024 As Production Capacity Runs Out, Goldman Warns
Oil To Face “Serious” Supply Problem In 2024 As Production Capacity Runs Out, Goldman Warns Heading into 2023, Goldman was bearish on most asset classes, except commodities where the bank forecast a 43% gain as “supply shortages bite.” Since then the commodity picture has ebbed and flowed, and after commodities experienced a modest bounce following China’s unexpected […]
As West, Debt & Stocks Implode, East Gold & Oil Will Explode
AS WEST, DEBT & STOCKS IMPLODE, EAST GOLD & OIL WILL EXPLODE “The risk of over-tightening by the European Central Bank is nothing less than catastrophic” says Prof Kenneth Rogoff . At Davos he also said: “Italy is extremely vulnerable. But this could pop anywhere. Global debt has gone up massively since the pandemic: public debt, […]
Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies
Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies Rather than cheer the concept of a new currency, we’re better served to look at the velocity of that currency and the cycles of investing that currency in assets denominated in that currency for a low-risk return. Longtime readers know not to expect me to rubber-stamp anything, […]
The Vital Connection Between Oil and the Economy Revealed in 2 Simple Charts
The Vital Connection Between Oil and the Economy Revealed in 2 Simple Charts
EU’s Oil Price Cap Creates a Price Cap… on Stupidity
EU’s Oil Price Cap Creates a Price Cap… on Stupidity MOSCOW, RUSSIA DECEMBER 1, 2021: Russia’s Foreign Ministry Spokesperson Maria Zakharova gives a weekly press briefing. Russian Foreign Ministry/TASS The EU and the US went forward with their long-debated, long-telegraphed move to put a price cap on Russian oil at $60 per barrel. By […]
Zoltan Pozsar: Gold At $3,600 Is Not Improbable If US Refill Reserves With Russian Oil
Zoltan Pozsar: Gold At $3,600 Is Not Improbable If US Refill Reserves With Russian Oil In his latest dispatch, Credit Suisse contributor Zoltan Pozsar shifted focus on his ongoing series about Bretton Woods III where commodities will dictate the new world order. Instead, the author zeroed in on the depleting Strategic Petroleum Reserve (SPR) of the United […]
The “Oil Curse” and Splashy PR Announcements of Oil Production Cuts
The “Oil Curse” and Splashy PR Announcements of Oil Production Cuts It’s not just the price of oil that matters: how much disposable income consumers have left to buy more goods and services matters, too. The Oil Curse (a.k.a. The Resource Curse) refers to the compelling ease of those blessed with an abundance of oil/resources to […]
Oil As a Geopolitical Weapon
Oil As a Geopolitical Weapon
Welcome to the oil death spiral
Welcome to the oil death spiral There is something deeply tragic about watching people who would be dead within a fortnight without oil nevertheless calling for oil – and fossil fuels more broadly – to be banned immediately. It is possible, of course, that these people believe that food grows inside supermarkets or that the […]
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction
How much oil remains for the world to produce? Comparing assessment methods, and separating fact from fiction Abstract This paper assesses how much oil remains to be produced, and whether this poses a significant constraint to global development. We describe the different categories of oil and related liquid fuels, and show that public-domain by-country and global […]
Oil is Bankrupt (If We Want It)
Oil is Bankrupt (If We Want It) Alberta’s Oil Companies Are the Walking Dead. Albert’s oil-patch is a zombie, the walking dead. The companies that extract oil there owe more money than they can pay, more than they can borrow, more than they can earn. If they were made to pay their lawful debts, they […]



