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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 […]
Look Before you Eat
Look Before you Eat Preface. This post is a book review of Be Wilson’s Swindled. From Poison Sweets to Counterfeit Coffee – The Dark History of the Food Cheats. With likely world peak oil production in 2018, the price of food will rise relentlessly, since fossil fuels are used to fertilize, plant, harvest, distribute, package, cook, and refrigerate […]
Energy Aware
Energy Aware The United States is energy independent. Banning oil exports would lower oil prices. Strategic Petroleum Reserve releases lowered gasoline prices. There is a shortage of refinery capacity in the U.S. The cancelation of the Keystone XL Pipeline has limited U.S. oil supply and contributed to higher energy prices. These popular memes are wrong. […]
Surprise: Gazprom “Completely Halts” Nord Stream Gas Supplies Due To “Unexpected” Leak
Surprise: Gazprom “Completely Halts” Nord Stream Gas Supplies Due To “Unexpected” Leak After a 3-day halt, Russian energy giant Gazprom was expected to resume critical supplies of nat gas to Europe via Nord Stream 1 tomorrow, but it appears that Putin is enjoying the game of cat and mouse a little too much, and gas […]
European power prices shatter records as energy crisis intensifies
European power prices shatter records as energy crisis intensifies Power prices in Europe continue to smash records, intensifying the region’s energy crisis and fanning fears about access to electricity and heating as the weather begins to cool. Russia is one of the world’s top producers of oil and natural gas. German power prices for next […]
Oil and Natural Gas Energy at the Crossroads
Oil and Natural Gas Energy at the Crossroads https://youtu.be/Vdn03dCxu3k
Paradigm Shift: End of the Oil Age
PARADIGM SHIFT: END OF THE OIL AGE The world thinks it’s in an energy crisis today and indeed there are shortages in some places but the world is undergoing an energy crisis more fundamental than the simple shortage happening today in Europe. A shortage can be remedied. The larger problem is that oil use began […]
Washington steals over 80 percent of Syria’s oil output per day
Washington steals over 80 percent of Syria’s oil output per day The losses incurred by the trafficking campaign surpass $100bln, according to Syria’s oil ministry (Photo credit: USA Today) The Syrian Oil Ministry released a statement on 9 August accusing US forces occupying Syria of being responsible for the theft of most of the country’s […]
