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  • Our Energy and Debt Predicament in 2019 12 september, 2019
    Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates. As I see the situation, we have a problem of a networked economy that is not functioning … Continue reading →
  • Drone Strike on Saudi Arabia Knocks out 5% of Global Oil Supplies 17 september, 2019
    On Saturday 14 September the Abqaiq oil processing facilities in Saudi Arabia were hit by an air borne attack assumed to be a drone. Abqaiq lies to the NE of Ghawar, the world's largest oil field and producer by far. Abqaiq is the largest single oil processing facility in the world. It processes all the […]
  • Saudi oil infrastructure at risk from drone attacks 19 september, 2019
    Preface. This NYT article was published 4 months ago, and its warning just came true. Quite prescient! Drones make it pretty easy to anonymously attack the thousands of miles of pipelines across the Arabian peninsula, oil tankers, pumping stations, and … Continue reading →

Kraftig minskning av reserverna av skifferolja i Kalifornien.

Skifferoljefältet Monterey i Kalifornien har fram till nyligen betraktas innehålla ca 2/3 av USA:s utvinningsbara skifferolje fyndighet. År 2012 betraktades den innehålla 13,7 miljarder fat olja och skulle kunna skapa 2,8 miljoner nya jobb och skatter till delstaten på $ 24,6 miljarder. Men nu har EIA, som är energimyndigheten i USA skrivit ner dessa

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