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Europe’s Metacrisis Just Got Worse

Europe’s Metacrisis Just Got Worse The latest conflict between Iran and Israel just made Europe’s already precarious energy and economic situation a lot worse. Many analysts and politicians are celebrating Europe’s resilience after losing its natural gas supply from Russia. “Two years on from Russia’s invasion of Ukraine, trade in energy products between Russia and […]

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The Dieseleuro: Europe Is Guzzling Russian Oil In The Form Of Indian Diesel Imports

The Dieseleuro: Europe Is Guzzling Russian Oil In The Form Of Indian Diesel Imports As western politicians ever so theatrically pretend to sanction Russian oil imports (just so they can signal to their voters just how virtuous they are), especially now that the war in Ukraine is almost over with the US and Germany “pressing Kyiv to end […]

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Oops! U.S. oil and gas exports fuel domestic price rise

Oops! U.S. oil and gas exports fuel domestic price rise The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called “shale revolution” in the country’s oil and gas fields, the United States […]

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Pitchforks soon in Europe?

Pitchforks soon in Europe? Dear Europeans For your own children´s sake — on my knees and with my saddened eyes humbly looking downwards — I beg of you to please stop the current self-destructive nonsense dead in its tracks by immediately demanding from your political class to import the bloody Russian oil normally once again […]

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The Handbook for Debt-Soaked Nations: Lie, Print, Inflate & Finger-Point

The Handbook for Debt-Soaked Nations: Lie, Print, Inflate & Finger-Point Below we consider the classic (and oh-so predictable) tactics of debt-soaked nations facing a showdown (corner) between tanking markets and ripping inflation. Ultimately, I see a stagflationary end-game in which both occur, but for the near-term, prepare for more inflation, as it’s the option all debt-soaked sovereigns […]

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Further Down the Road

Further Down the Road How crises accelerate the process of decline Will it fall this time…? Image source: Unsplash I’ve always encouraged my readers to take a broader look on the shape of things to come — and to look beyond well curated political narratives. What rarely fits into these stories, is the vital role energy […]

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Tomgram: Michael Klare, War in the Arctic?

Tomgram: Michael Klare, War in the Arctic? When I first met Michael Klare in the late Neolithic age (it was actually the early 1970s), he was already researching the U.S. military in a way no one else was doing. His first book on the subject, War Without End: American Planning for the Next Vietnams, had just been […]

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US Slams China’s Escalating Oil & Gas ‘Interference’ In Vietnam Recognized Waters

US Slams China’s Escalating Oil & Gas ‘Interference’ In Vietnam Recognized Waters Late this week, the US State Department accused China of escalating its coercive actions against Vietnam in the South China Sea.  A spokesman said the US is “deeply concerned” China is continuing its interference with Vietnam’s longstanding oil and gas activities in the Vietnamese Exclusive Economic Zone (EEZ) claim. “This calls into […]

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Norway Oil and Gas: Reserves, Production and Future Projection

Norway Oil and Gas: Reserves, Production and Future Projection Norwegian oil production peaked in 2000 to 2001; gas production may be peaking about now. Oil hit a low in 2013 and then recovered towards a new local peak, probably concurrent with the gas. drilling and development The most surprising thing I find with their industry […]

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Why This Oil Crisis Is Different To 2008

Why This Oil Crisis Is Different To 2008 They say history repeats itself, and given the cyclical nature of the oil and gas business, many look to the past when trying to guess what is coming next, but past experience doesn’t always offer an exact model for the present. Much has changed between the 2008 […]

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Energy policy and uninformed opinion

Energy policy and uninformed opinion Famed economist John Kenneth Galbraith used to respond to questions about the direction of the economy and financial markets by saying: “I answer because I’m asked not because I know.” Such is also the case with poorly informed members of the public whose views pollsters seek on every conceivable topic […]

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Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas

Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas Those whom the gods wish to destroy they first send mad Introduction The aim of this article is to show that the shale industry, whether extracting oil or gas, has never been financially sustainable. All around the world it has consistently disappointed […]

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Key Greenhouse Gas Study May Have “Systematically Understated” Methane Leaks, New Research Shows

Key Greenhouse Gas Study May Have “Systematically Understated” Methane Leaks, New Research Shows A widely cited study on the amount of methane leaking from oil and gas sites, including fracked wells, shows signs of a major flaw, a newly published peer-reviewed paper concludes. “The University of Texas reported on a campaign to measure methane emissions from […]

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Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds

Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds If you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer.  As I write this, the price of U.S. oil is sitting at $45.76 […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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