Friday, December 6, 2019, 3:21 PM
43
A full decade and some $14 Trillion in newly-printed money later, plus the cheapest interest rates in recorded history, and yet the central banks have not been able to restore growth to the global economy. The experiment has failed.
What good is Dow 30,000 if 75% of us can’t afford a house or scrape together $400 in an emergency?
Friday, November 29, 2019, 7:37 PM
40
Chris caught petroleum geologist Art Berman right before he went on stage to deliver a presentation on the limitations of shale oil (his excellent slides can be found here). The world is finally starting to realize that the profit-making potential of this space was drastically over-hyped.
But more important, warns Art, is that the souring sentiment on shale oil is a reflection on the bigger challenge ahead of us: How we will power the world in a future of declining net energy?
Friday, October 4, 2019, 2:59 PM
19
If you have not yet read Part 1: Getting Real About Green Energy, available free to all readers, please click here to read it first.
What seems to be true is that humanity is in the early innings of a great transition. Losing access to abundant energy will change more things that you or I can appreciate at this time.
The future is barreling towards us at a furious pace. And the pace of that change is accelerating.
It’s time to freak out a bit. To get serious about protecting ourselves. To make different decisions and reorganize our priorities.
If you understand energy and its relationship to the economy the way I do, you’d share my urgency to create community and develop a resilient homestead. My goal here is to nudge you towards action.
Here’s what has me so concerned right now. These charts clearly show the… (Enroll now to continue reading)
Friday, October 4, 2019, 2:58 PM
101
I’m often asked where I stand on wind, solar and other alternative energy sources.
My answer is: I love them. But they’re incapable of enabling our society to smoothly slip over to powering itself by other means.
They’re not going to “save us”.
Tuesday, September 10, 2019, 8:39 AM
82
In this week’s Off The Cuff podcast, Chris and Art Berman discuss:
Petroleum expert Art Berman explains how crack spreads (the difference between what refiners pay for crude oil and the price they receive for their refined product) and oil demand volumes are indicating the global economy is slowing markedly. Economies need energy to function. Less energy consumed = lower growth and output.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Friday, August 23, 2019, 5:00 PM
60
Yes, the world is busy collapsing around us. That’s true.
But collapse is a process, not an event. It can be ameliorated and even reversed, depending on the actions we decide to take from here.
And there’s still time left to change our fate. Not much, mind you. But enough to matter.
Richard Heinberg
Thursday, July 18, 2019, 9:47 AM
6
In this week’s Off The Cuff podcast, Chris and Art Berman discuss:
Right now, the US is still producing a record amount of oil, due mostly to shale fields developed within the past decade. But that bonanza won’t last — it can’t last — explains petroleum geologist Art Berman. Nearly every shale driller has been and will remain to be unprofitable. The nature of shale wells and the nature of oil service costs will ensure that.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Drone Iran US War
Thursday, June 20, 2019, 5:45 PM
22
Maybe with all the monetary stimulus and other catalysts, oil and gold were just itching for a reason to go higher, but on Thursday morning oil convincingly launched higher on news that Iran shot down a US drone.
Gold, which had rather mysteriously spiked earlier on Wednesday night stayed elevated, even as copper, platinum and palladium all tumbled back lower throughout the day.
The drone shot down was a very advanced, and large version equipped presumably with the latest and most advanced spying and detection hardware. This action moves us a few notches closer to an actual shooting war with Iran.
Friday, June 14, 2019, 2:38 PM
31
Two more tankers were attacked near the Strait of Hormuz on Thursday morning (6/13/19) in the Gulf of Oman, and if hostilities advance we could be facing a ‘black swan’ event. One that changes everything, and divides the world into ‘before’ and ‘after’ periods.
A lot of us are waiting for ‘something’ to happen. We know that there are too many unsustainable trends and practices running and we fall into the “let’s just rip the Band-Aid off” camp. Some, like myself, have lost faith in the political leadership and institutions and doubt they retain any capacity to attend to anything more than their own selfish interests, let alone manage the difficult tasks ahead rooted as they are in systems theory and managing complexity.
Friday, May 31, 2019, 6:07 PM
51
We happen to be alive at a time of peak abundance and technological miracles. It’s never been easier or more comfortable to be a human.
On nearly every dimension — longevity, dependable access to food, quality of shelter, personal safety, leisure time, intellectual pursuits, technological advancements — no previous generation of humans have enjoyed the excesses and luxuries that we currently do.
What are you going to do with that good fortune while it lasts? Because it won’t for much longer.
You can't improve upon today without a better plan for tomorrow
12
Black Swan Event
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