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Welcome To The Greatest Energy Crisis In History

Welcome To The Greatest Energy Crisis In History

Welcome To The Greatest Energy Crisis In History – Things Will Only Get Much More Painful From Here Michael Snyder Just as the western world was accelerating the transition away from traditional forms of energy, the COVID pandemic caused the most epic supply chain crisis in history, and now the largest land war in Europe since World War II has thrown global energy markets into a state of complete and utter chaos.  And if you think that things are bad…

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Dieselgeddon – America’s diesel supply on verge of catastrophic collapse

Dieselgeddon – America’s diesel supply on verge of catastrophic collapse

Tumbling Inventories Send US Gasoline, Diesel Prices To Fresh Record High By Tsvetana Paraskova of OilPrice.com U.S. gasoline prices continued to rise, setting another all-time high on Wednesday at $4.404 per gallon average nationwide, data from AAA showed today.  That’s the highest recorded average price for gasoline in the United States, ever. Diesel prices also hit a new high on Wednesday, reaching $5.553 a gallon. This is the highest average price ever recorded, too.   Average U.S. gasoline prices have reached new records…

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Peak Oil raises its head

Peak Oil raises its head

Tverberg: The World Has A Major Crude Oil Problem; Expect Conflict Ahead Authored by Gail Tverberg via Our Finite World blog, Media outlets tend to make it sound as if all our economic problems are temporary problems, related to Russia’s invasion of Ukraine. In fact, world crude oil production has been falling behind needed levels since 2019. This problem, by itself, encourages the world economy to contract in unexpected ways, including in the form of economic lockdowns and aggression between…

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Closing New Zealand’s only oil refinery – an act of national suicide

Closing New Zealand’s only oil refinery – an act of national suicide

With everything that is going on I have overlooked a protest at Marsden Point oil refinery, New Zealand’s only, that is being closed at a time when the future of our energy security has never looked so grim. Marsden Point closure: Shutting New Zealand’s only oil refinery could expose country to fuel security risks – report Plans for a $250m shutdown of the country’s only refinery are already well advanced. Photo credit: File Image The government has been warned that…

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An act of national suicide

An act of national suicide

It seems to me that every decision by successive governments is an act in national suicide. How much could new fuel storage investments cost us? Process units at Marsden Point have now been shut down, marking an end to the refining operation at the plant. From tomorrow Refining NZ becomes Channel Infrastructure and the 60-year-old refinery becomes an import-only terminal for already-refined products – something critics say may have an impact on our fuel security. Energy Minister Megan Woods told Nine to Noon…

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Reconsidering Peak Oil

Reconsidering Peak Oil

It was the 2004 documentary, the End of Suburbia that introduced me to the principle of Peak Oil and where I first encountered names like Mike Ruppert, James Howard Kunstler and Richard Heinberg. Right now, it seems to me that although in some ways the documentary got some things wrong  – they failed to foresee fracking and other methods that have kept things going); it was also made before the 2008 financial meltdown that was not addressed although it was…

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The war in Ukraine and resource depletion

The war in Ukraine and resource depletion

No one will win in the Russia-Ukraine conflict Gail Tverberg Most people have a preconceived notion that there will be a clear winner and loser from any war. In their view, the world economy will go on, much as before, after the war is “won” by one side or the other. In my view, we are basically dealing with a no-win situation. No matter what the outcome, the world economy will be worse off after the fighting stops. The problem…

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War in Ukraine: headed for economic collapse

War in Ukraine: headed for economic collapse

I had intended to put something together about how the West is committing suicide in its response to the war in Ukraine. First back to basics Economic Warning! Russia & Energy = Imminent Financial/Economic Disaster A troublesome shortfall in oil has been converted into a very real shortage that will translate into an economic nightmare. In this video I ‘do my thing’ and connect dots for you in a way that provides you with insights you can turn into concrete…

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When Will Energy Prices Come Down?

When Will Energy Prices Come Down?

Maybe Never Warns Industry Expert We’ve all seen energy prices skyrocket over the past year — for the oil & natural gas that heat our homes, the electricity we use, and the gasoline we put in our cars. And certain parts of the world have been concerned about simply getting “enough” energy — at whatever the price — to see them through the winter. Why did energy suddenly become so in demand, and how did it get so expensive so…

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Peak Oil is back!

Peak Oil is back!

A Global Oil Shortage Is Inevitable Authored by Tsvetana Paraskova via OilPrice.com, While oil and gas companies come under pressure to reduce production, the world’s thirst for new supply is only growing  Without a significant uptick in investment, demand for oil and gas will surpass supply in the not-so-distant future This disconnect between the political desire for less fossil fuels and the global hunger for fossil fuels could drive the price of oil up to $100 Chronic underinvestment in new…

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