Tag Archives: gas

  • Blog
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    The US Shale Oil Miracle Disappears

    The Monterey formation was just downgraded by 96%
    by Chris Martenson

    Thursday, May 22, 2014, 1:02 AM

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    The US shale oil "miracle" has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California.

    As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.

    But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed.

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  • Blog
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    Warning: Ukraine Is At A Flashpoint

    The stability between Russia & the West is failing
    by Chris Martenson

    Sunday, May 4, 2014, 5:16 AM

    48

    Regrettably I am very close to issuing an official Alert over the situation in Ukraine.  The situation has continued to both escalate and deteriorate and more than 50 people died on Friday, May 2 in violence in Odessa and other eastern cities in Ukraine.  Relations between Russia and the US are finding new lows while China and Russia grow closer. 

    For those living in Europe who are exposed to the possible fallout that would result from the loss of supplies of Russian energy, the time to begin your preparations is right now.

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  • Insider
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    How This Situation Can Quickly Get Much Worse

    We're teetering on a very slippery slope towards war
    by Chris Martenson

    Sunday, May 4, 2014, 5:16 AM

    53

    Executive Summary

    • Why the US' antagonistic approach towards Russia is likely to backfire big time, in both the near and long term
    • How, by definition, the West has already initiated economic warfare against Russia
    • Why things will get very bad in a hurry for the West if Russia reacts by re-directing its energy exports 
    • And how things could get much worse indeed, for everyone, if this conflict erupts into a military confrontation

    If you have not yet read Warning: The Ukraine Is At A Flashpoint, available free to all readers, please click here to read it first.

    Poking The Bear

    And that finally brings us to Russia, which has a long and complicated history with Ukraine. There are many Russian speaking people in the Ukraine, for whom Russia feels somewhat protective, as perhaps US citizens in Canada or Mexico might expect from the US.

    Further, Russia quite rightfully feels that it is being systematically surrounded and cornered by the NATO military structure and they might reasonably ask themselves why and for what purpose(s)?  There are probably other ways to look at this, but it's certainly reasonable to think that Russia might feel just the tiniest bit provoked, if not threatened, at the West's obvious efforts to get Ukraine to join up with NATO.

    Instead of sitting down with Russia to try and hammer things out, the US resorted almost immediately to a series of sanctions targeted at Russian individuals and companies, as well as the Russian stock and bond markets, with the intention of creating economic and financial hardship that would get Russia to leave Ukraine to the west.

    Here are a few of the efforts so far…

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  • Blog
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    Growth is Obsolete

    Society needs to realize growth does not equal prosperity
    by JHK

    Wednesday, October 16, 2013, 12:19 AM

    20

    Despite the wishful thinking and happy-talk propaganda lighting up the media-space, we have arrived at the problematic point of the story: the end of cheap oil. The sad, stark fact is that oil is now too expensive to permit further expansion of economies and populations. 

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  • Daily Digest
    Image by Steve Snodgrass, Flickr Creative Commons

    Daily Digest 3/31 – Cyprus Feeling Bailout Pain, E.P.A. Plans Stricter Sulfur Limit in Gasoline

    by DailyDigest

    Sunday, March 31, 2013, 7:37 PM

    0
    • Debt a common theme as Americans struggle to feel benefits of recovery
    • Big Government: An Unnecessary Evil That Should Be Abolished
    • The Three Stages Of Revolution
    • Monte Paschi says lost billions in deposits after February scandal
    • Cardboard Cops Control Traffic In Bangalore — Unless It Rains
    • In Cyprus, Feeling the Pain of a Bailout
    • E.P.A. Plans Stricter Limit for Sulfur in Gasoline
    • Bee Deaths From Colony Collapse Disorder On The Rise As Researchers Point To Pesticides

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  • Blog

    Warning: Stocks Likely to Crater from Here

    Losses of over 50% (!) may be in store
    by Chris Martenson

    Thursday, February 28, 2013, 3:34 PM

    61

    I don't relish the job of constantly pointing out the risks to the equity markets. But since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here.

    I've only given one other such warning about equities before, and that was in March of 2008, when I warned of the possibility of a 40% to 60% decline in stock prices by Fall. I am making a similar call today, with the understanding that I am usually a bit early to the game with my views.

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  • Blog

    The Arrival of Japan’s Sunset

    The repercussions will be tremendous
    by Gregor Macdonald

    Monday, February 18, 2013, 10:05 PM

    1

    For a successful technology, reality must take precedence over public relations, for nature cannot be fooled. ~ Richard Feynman

    Waiting for Japan's economy to make a strong recovery has been an ongoing game since 1990. Shall we play that game one more time?

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  • Blog

    Time to Choose

    A fundamentals-driven breakout seems imminent. But which dir
    by Adam Taggart

    Friday, February 8, 2013, 11:44 AM

    52

    Whether you're aware of it or not, a great battle is being waged around us.

    It is a war of two opposing narratives: the future of our economy and our standard of living.

    The dominant story, championed by flotillas of press releases and parading talking heads, tells an inspiring tale of recovery and return to growth. 

    The other side, less visible but with a full armament of high-caliber data, tells a very different story. One of growing instability, downside risk, and inequality.

    As different as they are in substance, they both share one fundamental prediction and this is why you should care: This battle is about to break. And when it does, one side will turn out to be much more 'right' than the other. The time for action has arrived. To position yourself in the direction of the break you think is most likely to happen.

    It's time to choose a side.

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  • Podcast

    Gregor Macdonald: What the End of Cheap Oil Means

    We better get smart about using our remaining fossil BTUs
    by Adam Taggart

    Saturday, January 19, 2013, 10:09 PM

    62

    On the heels of Chris' recent report clarifying the global net energy predicament, he and PeakProsperity.com contributing editor Gregor Macdonald sit down to talk in depth about the broken relationship between energy costs and economic growth.

    For much of the twentieth century, the developed world saw a steady march upwards in wages and living standards, due primarily to huge quantities of cheap, high-yielding liquid hydrocarbon. As we find ourselves bumping along the plateau of Peak Oil's apex, suddenly we find "growth" is a lot harder to come by.

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