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The Bulletin: September 6-12
The Bulletin: September 6-12 We really need a plan Signs of Collapse: Broken Things | how to save the world Lockheed Martin Develops System to Identify and Counter Online “Disinformation,” Prototyped by DARPA The Seneca Cliff of Petroleum Production – by Ugo Bardi Is the World Walking Blindfolded Toward a Nuclear War? – Global Research […]
Houthi Rebels Hit Norwegian-Flagged Tanker With Anti-Ship Cruise Missile At Key Maritime Chokepoint
Houthi Rebels Hit Norwegian-Flagged Tanker With Anti-Ship Cruise Missile At Key Maritime Chokepoint An anti-ship cruise missile fired by Yemen’s Houthi rebels struck a Norwegian-flagged tanker in the Red Sea near a key maritime chokepoint known as the Bab el-Mandeb Strait, where nearly 10% of all crude traded at sea passes through. Reuters quoted Houthi military […]
The Harsh Truth: We’re Using More Oil Than Ever
The Harsh Truth: We’re Using More Oil Than Ever In this age of climate crisis, the world is consuming more crude than ever. Peak oil demand? Not yet. Maybe one day, perhaps even soon, around 2030. For now, however, the global economy still runs on oil. It will take a while before governments certify it, […]
Oil Can Push Higher As Cushing Stockpiles Collapse
Oil Can Push Higher As Cushing Stockpiles Collapse Crude prices will likely get a fresh boost this week, as stockpiles at the key US storage hub in Cushing, Oklahoma, risk collapsing to the lowest level (aka “tank-bottoms”) in almost a decade. Such a move would embolden those aiming for a return of $100 oil by […]
China Snaps Up Record-High Volumes Of Russian Crude In The First Half Of 2023
China Snaps Up Record-High Volumes Of Russian Crude In The First Half Of 2023 In the first half of 2023, China imported 2.13 million barrels per day of Russian crude oil, making Russia its single biggest supplier. In June, China once again imported record-breaking levels of Russian crude, a 44% increase compared to the same […]
Crude oil could hit $125 a barrel as Russia’s reaction to a US-led price cap threatens to squeeze supply, UBS says
Crude oil could hit $125 a barrel as Russia’s reaction to a US-led price cap threatens to squeeze supply, UBS says Oil prices are ticking upwards again after falling for the past three to four months. George Frey/Getty Images UBS expects oil will hit $125 a barrel if Russia reacts to a planned G7 oil price […]
Bankrupt Sri Lanka Takes Russian Crude As Fuel Crisis Depletes Stocks, Mulls Loan From China
Bankrupt Sri Lanka Takes Russian Crude As Fuel Crisis Depletes Stocks, Mulls Loan From China A foreign exchange shortage has resulted in the worst financial crisis Sri Lanka has ever endured, with shortages of everything from food to crude. Fuel supplies are down to just days, food has run out at supermarkets, and social-economic chaos has unfolded […]
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset. The average price of all grades of gasoline at the pump spiked to a record $4.33 per gallon on Monday, May 9, the third week in […]
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station
Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station Speculators are reacting to other speculators who are reacting to whatever. Sunday night, crude oil WTI futures, as soon as trading started, spiked to $130.50 a barrel, the highest since July 2008. Maybe it was just […]
China Set To Release Crude From Strategic Reserve In Early February
China Set To Release Crude From Strategic Reserve In Early February China has agreed with the United States to release crude from its SPR around the Lunar New Year holiday on February 1 The volume of the release may depend on actual crude prices China has agreed with the United States to release crude from […]
Putin: $100 Oil Is “Quite Possible”
Putin: $100 Oil Is “Quite Possible” It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock […]
How will 500,000 products made with fossils as feedstock & process energy be created post fossil fuels?
How will 500,000 products made with fossils as feedstock & process energy be created post fossil fuels? Preface. It is quite likely that after fossils are gone, plastics will no longer be made, since they are incredibly complex – PhDs in numerous fields make them possible – and most kinds have been around for only […]
One Of Wall Street’s Biggest Oil Bears Sees Higher Crude Prices On The Horizon
One Of Wall Street’s Biggest Oil Bears Sees Higher Crude Prices On The Horizon Standard Chartered Global Research has maintained its somewhat bearish oil price outlook during the last couple of months, but last week, the investment bank suddenly turned bullish Standard Chartered raised its 2021 average Brent price forecast by USD 6/bbl to USD […]
80pc of Kenya’s crude oil cannot be tapped
80pc of Kenya’s crude oil cannot be tapped SUMMARY The company said a new audit on the Turkana oil fields revealed a larger reservoir – commonly referred to as Oil Initially In Place (OIIP) in exploration parlance – compared to the previous estimate of 1.77 billion barrels. The commercially extractable volume climbing to 585 million […]
