Home » Posts tagged 'united states' (Page 62)
Tag Archives: united states
USGS says Powder River Basin has 35 years of coal left, not 250
USGS says Powder River Basin has 35 years of coal left, not 250 Preface. The USGS did a survey of coal in the U.S. in 1974 and announced that America had 250 years of coal left. In 2007, the National Research Council wrote a report suggesting 100 years was more likely due to “a combination […]
Why Trump Is Desperate To Secure This Rare Metal
Why Trump Is Desperate To Secure This Rare Metal While the United States is slowly working towards ending the lockdown and restarting the economy, the federal government is quietly fighting a second war with China over critical metals. One of those critical metals in particular is the extremely rare key to global technological dominance because […]
From Overstretch to Collapse
From Overstretch to Collapse In less than three decades, a mere blink of the eye in historical terms, the United States has gone from the world’s sole superpower to a massive foundering wreck that is helpless before the coronavirus and intent on blaming the rest of the world for its own shortcomings. As the journalist […]
U.S. Oil Companies Are Cutting Production Much Faster Than Expected
U.S. Oil Companies Are Cutting Production Much Faster Than Expected The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday. It was U.S. President Donald Trump that suggested at the beginning of April, prior to the most recent OPEC deal signing […]
Visualizing America’s Energy Use, in One Giant Chart
Visualizing America’s Energy Use, in One Giant Chart Have you ever wondered where the country’s energy comes from, and how exactly it gets used? Well now, thanks to Visual Capitalist’s Jeff Desjardins, we have the answer as The Lawrence Livermore National Laboratory (LLNL) crunches the numbers every year, outputting an incredible flow diagram that covers the broad […]
US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse
US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse Petrodollar panic? As tensions between OPEC (cough – the Saudis – cough) and Washington rise over the supply (and price) of oil globally amid a pandemic-driven demand collapse, it would appears President Trump may have just gone ‘nuclear’. “…there will be blood.” The Wall Street Journal […]
US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90%
US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90% I’d never imagined I’d ever see this sort of spike, though in recent years I added an upward arrow with “Debt out the wazoo” to my charts, not realizing just how factually accurate this technical term would become. The […]
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24%
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24% Minneapolis Fed president, Neel Kashkari, said that Friday’s jobs report will likely understate the real unemployment picture as it will only reflect people who are “actively looking for work”, a nearly impossible task in a time of nationwide lockdowns, and that the country […]
“Biblical” Wave Of Bankruptcies Is About To Flood The US
“Biblical” Wave Of Bankruptcies Is About To Flood The US One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed, the pace of bankruptcy filings has been relatively steady compared to the pre-covid levels, as the following Goldman […]
China Warns Of Possible Armed Conflict With US Over Coronavirus Backlash
China Warns Of Possible Armed Conflict With US Over Coronavirus Backlash An internal report presented to Chinese President Xi Jinping and other top leaders concludes that global anti-China sentiment is at a level not seen since the 1989 Tiananmen Square crackdown, and recommends preparing for a worst-case scenario of armed conflict with the United States, according […]
Why Assets Will Crash
Why Assets Will Crash This is how it happens that boats that were once worth tens of thousands of dollars are set adrift by owners who can no longer afford to pay slip fees. The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% […]
Massive Unemployment Surge Creates Challenge Ahead
Massive Unemployment Surge Creates Challenge Ahead Unemployment has several faces. It will be interesting to see how America handles the massive unemployment caused not so much by covid-19 but the government’s effort to hold employers responsible for the cost. When the government passed a law increasing employers’ responsibility for paying workers even when there was […]
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel It started in mid-February for jet fuel and in mid-March for gasoline. Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. “We’ve never seen […]
The Wave Of Shale Well Closures Has Finally Begun
The Wave Of Shale Well Closures Has Finally Begun U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record highs in March, even after dozens of drillers laid out blueprints to limit production. But with U.S. storage […]
