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Ahmad Al-Khowaiter combines American and Saudi expertise to power Aramco’s strategy for the future of energy.

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Profile. AHCEC is a Saudi Arabian Company, established in by the split of AMCDE to KBR-AMCDE and AHCEC. AMCDE is a merger of CDE (Consulting and Design Engineering) and AME (Abdullah Al Moaibed Engineering).

Aramco increased oil production to over , barrels per day in The economics of oil had to be managed. If oil prices spiralled upward quickly, it could damage the economies into which the oil needed to be sold. At the same time, the luxuries of modernity were needed and wanted by Saudi royalty for themselves, and for the country. The oil finds were superbly managed so they produced vast amounts of money for the company, and the Saudi treasury.

Over time, the kingdom was able to leverage its assets to obtain the best from around the world, in a wide variety of domestic developments and enterprises. This wealth enabled Saudi Arabia to spend lavishly and quickly on its building programme - the development of modern cities, airports, hotels, universities and other amenities, that catapulted large parts of the country into modernity.

What Saudi Arabia realized it did have, was an immense quantity of a very desirable resource: What it lacked, was the many resources needed to get the most out of this oil wealth.

Perhaps the most obvious lesson to any country was this realization: And this theme runs through their modern economic history. For the royal family, it meant sending princes abroad for education at the finest Western institutions like Princeton and Oxford.

For Aramco, it initially meant encouraging Saudi workers to accept training as welders, carpenters, machine repairmen, and general workers. Later, it entailed sending promising young Saudis abroad to university to learn geology, petroleum engineering, logistics, and law. Mexico had nationalized their subsoil resources in Iraq, Iran and Libya, had nationalized the foreign oil company assets within their borders. All have fared poorly. But the Royal House of Saud blocked this nationalistic fervour, in favour of engaging their American partners for their business acumen and technical prowess.

Born into a desert Bedouin family, he benefited from an Aramco-sponsored university education. He returned to the company as an entry-level geologist, learned the oil business and corporate management, and rose to the very top. Managers at Aramco administered the company like an international, not local oil company, with the highest of international standards in every part of the business. It is a leader in exploration and production; the initial processing and movement of crude oil, natural and liquid gases.

It operates refineries, petrochemical plants, as well as marketing outlets, and product distributors. Their portfolio now includes fracking, and solar energy. For this purpose, it has invested in partners in the Philippines, Japan and China, and French partners in Saudi Arabia. South Africans have much to learn from them. I was very pleasantly surprised to be completely absorbed.

You have to admire and root for a country with a long-term strategy for its economic future that is willing to sacrifice short-term profits to become even more prosperous in generations to come. This was a easy-to-read, pretty good history of Aramco and Saudi and how the two have developed over the decades. There were times when the book was repetitive, there are some editing errors and entire paragraph reprinted two pages later , and the author, at times, felt a bit of a pollyanna regarding the cutthroat treachery within the house of Al Saud and the country.

Overall, it's worth the read. Ellen has been working on this project for about a decade and it really shows. The book is really well done and comes at the perfect time with the Aramco IPO looming. The author wrote the story in a very readable style and keeps you engaged all the time. However, I have noticed that the book requires further editing and few corrections as well as there are number of facts were missing from the stories covered in the book.

SaudiInc captures you from the very beginning, making a historical recount seem fantastical. The story told is necessary for understanding part of the history and themes that guide the region. See all 14 reviews. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway.

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Amazon Drive Cloud storage from Amazon. Alexa Actionable Analytics for the Web. AmazonGlobal Ship Orders Internationally. It was interesting to say the least. On one hand, I got responses that completely agreed with me. That the rise of the really fringe far left, had gotten completely out of control, and on the other hand were emails suggesting that I was blowing this out of proportion.

The world becomes more chaotic by the day. Good luck finding a politician, business icon, or religious leader who is not bought and sold by corporate or special interests. And why we need a new energy strategy -- fast. My years working in corporate strategy taught me that every strategic framework, no matter how complex some I worked on were hundreds of pages long , boils down to just two things:.

When people are sitting around making lists and deciding what they need to survive or just get by in the future there is one thing they need to give great thought to. Energy is the basis of everything. Energy takes many forms such as food, electricity, liquid fuels, mechanical, nuclear, solid fuels, solar and wind to name a few.

Without it your body will not function, you will have no light, no heat, no transportation or communication. Energy is the foundation of everything humans do in this world. Without energy in its many forms we cannot live. Crude oil continues to be the strongest commodity out there these days. As precious metals recently fell to their lowest level of the year, copper fell below a critical support level, grains are feeling the pain of tariffs, and many other raw material prices are under pressure, crude oil keeps on grinding higher.

Now, it may be time for it to start worrying. The boom in U. Hugo Salinas Price does not have a rosy outlook for the future. Here is what I have been able to gather, from reading Steve St. Suppose you have the opportunity and the means to create a gold mine, and decide to undertake the challenge; you invest in the building and installations of the gold mine, and in all the related salaries to carry out the building of the mine, by paying for all expenses in gold; finally the gold mine is selling the gold it produces, in exchange for dollars.

So now you have an abundant income in dollars, because your mine has been a successful venture. As the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in According to Rystad Energy, total global conventional oil and gas discoveries fell to a low of 6.

To arrive at a Boe, Rystad Energy converts natural gas to a barrel of oil equivalent. In , the world discovered 30 billion Boe of oil and gas versus the 6. Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies.

Correlate the weekly prices of wholesale gasoline and crude oil over 30 years. The correlation is 0. Rising or falling gasoline prices will follow rising or falling crude oil prices. Corrections will occur along the way. Oil prices surged to their highest level in more than three years on Thursday, as the number and volume of supply outages continues to rise.

The odds of a significant shortfall in supply are also growing by the day. The degree turnaround in the oil market from May is pretty staggering, even for an oil market steeped in volatility and uncertainty. In late May, rumors of higher output from Saudi Arabia and Russia led to a crash in prices, and led to speculation of another lengthy downturn.

Blue Origin, a space travel startup owned by Bezos, will start selling passenger tickets in The difference between WTI and Brent narrowed significantly over the past few days, as the forces driving the two benchmarks apart seemed to have reversed course.

For the past few weeks and months, WTI suffered a steep discount relative to Brent, a reflection of a series of factors that made North America well supplied with oil, while the rest of the world saw supplies tighten significantly.

North America has been overflowing with oil, and much of the additional supply has been routed through Gulf Coast export terminals, if producers can get their oil out of West Texas. Organized lawlessness is spreading to cities across the United States but the news is almost totally ignored and blacked out by the mainstream media.

Immigration and Customs Enforcement, the federal government policing agency that is part of the Department of Homeland Security. This is a dangerous development, as are the reasons to use them the way they have been. Both pictures are of children who had not been separated from their mothers at all.

But both were used to depict just that: Yes, children have been taken from parents at US borders. As I've written recently, I observe this is due more than anything else to a widespread demoralization society is suffering from.

Certainly the statistics reflect this. The market research company is extremely upbeat about U. Apart from the Permian, where more reserves per well are drilled, new areas and formations that have been geologically proved boosted the U. But the US dollar aka the petrodollar is also up, which compounds the problem because oil is priced in dollars. The result is serious trouble for at least some countries in that position.

Fueled by artificial intelligence, 5G, the internet of things and augmented reality, these next steps might be the biggest leap forward humanity has ever made. Increasingly, data is being harvested from every aspect of our day-to-day lives. The information is then being used to advertise to us, to map our neighborhoods and even to sway elections.

And this process of data extraction is only accelerating. It is the backbone of world being built around us. Certain areas of the world are more vulnerable to economic and societal collapse.

To understand which areas and regions in the world that will suffer a larger degree of collapse than others, we need to look at their energy dynamics. For example, while the United States is still the largest oil consumer on the planet, it is no longer the number one oil importer. China surpassed the United States by importing a record 8. The result of their mighty exertions is something like pages of pasteurized tofu. You have to wonder how embarrassed Mr. Horowitz is, and whether he, or others seeking to defend his integrity, might do anything about it.

While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least month-high, also due to the booming U.

Oil in ships around European shores was Emerging markets, EMs, have had an amazing run over the past two years. Moving in lock step with U. But just as U. A major reversal of EM stock gains is emerging. Today we wander out to the tail end of the bell curve… look around for black swans… and raise scandalous questions. Our fate directly depends on our courage to change it. I'll get to the story in a moment, but first, a little background on the movie Morales, a native Midlander and second-generation restaurateur, has seen it happen so many times before.

A private company in the United Kingdom says it has successfully tested its prototype nuclear fusion reactor at temperatures that are hotter than the Sun. The company hopes to use the nuclear fusion reactor to start supplying energy in Last week , we showed a graph of rising open interest in crude oil futures.

From this, we inferred — incorrectly as it turns out — that the basis must be rising. Why else, we asked, would market makers carry more and more oil? Crude oil acts differently from gold — and so do all other industrial commodities. What makes them different is that the supply of industrial commodities held in storage as a rule suffices to satisfy industrial demand only for a few months at most.

This is in fact one of the reasons why gold is the money commodity. Oil prices slid early on Tuesday, as reports of the U. Rising geopolitical concerns over Iran vowing to enrich uranium amid EU attempts to salvage the nuclear deal as well as heightened tensions in the Iranian-Israeli feud helped to boost prices in the afternoon.

Brent prices touched their lowest in nearly a month, since May 8, the day on which the U. It should come as no surprise that U. Saturday at the annual Shangri-La Dialogue, a much covered and annual international security forum in Singapore, U. The former Marine Corps four-star general, who served as the Commander of U. Central Command during the Obama Administration, said that the U. The tariffs will include a 25 percent levy on steel and 10 percent on aluminum.

Months ago, Trump proposed these tariffs, but repeatedly offered exemptions to allies while U. Increased demand for battery materials used in electric vehicles and energy storage is what's supposed to reignite interest in the mining sector now that the China-induced supercycle in commodities demand are levelling off. Prices for lithium and cobalt have soared. Graphite and rare earth prices are making a comeback.

Nickel, where EV-related demand is still tiny, has been caught up in the euphoria and longer term the bellwether metal for the industry, may benefit the most. When trying to predict gold prices, investors usually look at one or several drivers: But on their own, how reliable is each for predicting either short-or-long-term medium gold price movements? For instance, you have probably heard that gold bears an inverse correlation to interest rates.

The logic here is simple enough: Investors shift their money from non-interest yielding assets like gold to high-yield assets like bonds and stocks when interest rates are climbing.

Think Oil Is Getting Expensive? You Ain't Seen Nothing Yet. Fundamentally, we are not finding nearly as much oil as we need to continue the trajectory of the global demand curve.

And at the same time, we're extracting our reserves at a faster rate than ever. That's a mathematical recipe for a coming supply crunch -- it's not a matter of if, but when: With OPEC and allies achieving a key goal of eliminating the global surplus despite record production in the U. The group are set to meet in June to decide its next steps. The petro-yuan on its own may well become enough of a disruptor to unseat the USD as the ruling currency of global trade.

But it turns out it was only the first what may be many Chinese incursions into markets previously monopolized by the greenback. The worst drought to hit the Southwest in decades continues to grow even worse, and many are already comparing this current crisis to the Dust Bowl days of the s. Agricultural production is way down, major rivers are running dry, and horses are dropping dead from a lack of water.

The epicenter of this drought is where the states of Utah, Colorado, Arizona and New Mexico all come together, but it is also devastating areas of north Texas, Oklahoma and Kansas as well. Beyond that, shortages of oilfield steel products will develop — and are already developing — further driving up costs to oil and gas producers. It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, with all the inflationary pressures that that implies.

Few Americans realize that the U. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U. Unfortunately, the reason few Americans understand how lousy the economics are in producing shale oil and gas is due to the misinformation and propaganda being put out by the industry and energy analysts. Our research team has been following the energy sector quite intensely with Oil and Natural Gas making an impressive move.

Our advanced price modeling systems and Adaptive Dynamic Learning Cycles have recently triggered another buy entry point which we share in this article but first look at the seasonal chart showing the month which Natural Gas is generally strong. The reaction to this missile will be swift and severe. Within the hour Saudi Arabia will have declared war on Iran. And within 24 hours the Saudis will have retaliated through a direct attack on Iran. Once that happens, all bets are off as to how high oil prices go Read More.

That raises the question about how much of a dent high oil prices will make in the U. There are a few reasons for that. Also, the economy uses less energy per unit of GDP than it used to, becoming slightly more efficient with each passing year.

Supported by a hard push by the Chinese government to drive up electric car sales, annual EV sales are on track to hit a one-million-unit milestone this year, as demand continues to rise significantly. The young woman was tried as a witch in Youghal, Ireland in In another instance, she kissed the hand of an imprisoned man who subsequently died. We deny any cause-and-effect relationship between Ms. Myth, in other words. Molecular hydrogen is regarded as one of the most promising energy carriers due to its high energy density and clean, carbon-free use.

During photosynthesis, green algae utilize harvested solar energy to split water, release oxygen into the atmosphere and produce biomass that functions as an excellent feed-stock in the blue biorefinery. During photosynthesis, the green algae utilize harvested solar energy to split water, release oxygen into the atmosphere and produce biomass that functions as an excellent feed-stock in the blue biorefinery. Trump is a disaster for the environment, for wildlife, and for human life. Trump has handed over to polluters oil and mineral rights in US National Monuments.

Mining will now deface what was before Trump protected national monuments, and oil drilling will destroy the Arctic National Refuge. Trump wants to cut EPA funding by 23 percent and to cut funding for restoration programs for the Great Lakes and Chesapeake Bay by 90 percent. He wants to pay for the upkeep of national parks by expanding oil and gas exploration on public lands.

Yet that may not last. My models predict a long-term rise in energy demand and energy prices. Of course, the same amount of energy has always been around. To get there, the German vehicle manufacturer will double its capital investment in EV batteries. During the April 3 annual shareholder meeting, Diess said VW is preparing to manufacture as many as 3 million EVs per year by Now they want a piece of the action.

When Shell first showed up in with a fleet of drillships and support vessels, and parked them in the migration path of the bowhead whale in the eastern Alaska Beaufort Sea, the Inupiats went to court.

For 9 unprecedented years, central banks have pushed the pedal of monetary stimulus to the metal: This one floats on 1.

The project uses high-efficiency solar panels and a floating substation has been set up on the reservoir itself to convert the output into 11 kV.

The geopolitical risk premium has taken center stage as one of the key drivers of oil prices in recent months, often trumping fundamentals to send prices soaring on concerns about where the next sudden oil supply disruption would come from. In recent weeks, a perfect storm of nearly erased global oil glut and simmering—and at times flaring—tensions in the Middle East and the worst production loss without an armed conflict Venezuela have supported oil prices and boosted them to levels last seen in November Russia pumped a total of Dollar Regains its Footing Tom Kool.

Oil prices dived on Tuesday morning as expectations of an interest rate hike sent the U. Using the power of the sun to split water and produce hydrogen fuel is one of the most promising clean energy technologies being pursued.

One of the biggest hurdles holding it back has been uncovering an efficient and stable semiconductor material for use in the water-splitting process, but that's just what a team from the University of Exeter now claims to have created.

Not only does using an artificial photosynthesis process to split water into its constituent hydrogen and oxygen atoms promise to be clean and produce zero carbon emissions, but the resulting hydrogen has more than double the energy density of fossil fuels and, when used, the only by-product is water.

It would also provide an essentially limitless source of energy. Prices rise and prices fall. So, too, they fall and rise. This is how the supply and demand sweet spot is continually discovered — and rediscovered. When supply exceeds demand for a good or service, prices fall. Conversely, when demand exceeds supply, prices rise. Producers use the information communicated by changing prices to make business decisions. High demand and rising prices inform them to increase output.

Excess supply and falling prices inform them to taper back production. Are Social Justice Warriors Snowflakes? Or Just Cold… Shanu Athiparambath. Dalai Lama lives , to my home down the hill. Geopolitical factors once again trumped fundamentals with the growing concern over new U. The EIA yesterday reported that U. The authority added that in the same week crude oil inventories had increased by 2. The lattice expansion cures bulk and interface defects, which leads to an enhancement of perovskite optoelectronic properties.

In a collaboration led by Rice University and Los Alamos National Laboratory found that to be the case with a perovskite compound touted as an efficient material to collect sunlight and convert it into energy. The press release likens the discovery as some materials are like people. Let them relax in the sun for a little while and they perform a lot better. Demand for lithium is soaring, and producers are frantically searching for new sources of supply.

Who recalls the oil embargo of ? Prices remained higher even after the embargo ended in March But that could never happen again…Or could it? The company stuck big in the National Petroleum Reserve-Alaska NPR-A this winter, successfully finding oil at all six of their test wells three exploration and three appraisal , which means chances are good that the trans-Alaska pipeline system could soon be seeing a lot more much-needed action.

The latter as a result ceases to circulate. Libyan and Arab news sites stumble over each other predicting the death or incapacitation of the Libyan military strongman, which would without doubt increase internal instability and could lead to a renewed power struggle in eastern Libya.

Political initiatives led by several Arab countries, the UN, U. A potential removal of Haftar from the delicate balance of power that has been created in Libya will also put anti-IS and Al Qaeda military operations in doubt. In short the entire fiasco was illegal according to all international law. They did it on the basis of what was obviously a false flag operation that the Russians warned was being set up by the terrorists in Syria over a month ago.

The IEA kept its oil demand forecast at 1. The most prevalent view regarding future oil supply, as well as total energy supply, seems to be fairly closely related to that expressed by Peak Oilers. Future fossil fuel supply is assumed to be determined by the resources in the ground and the technology available for extraction. Prices are assumed to rise as fossil fuels are depleted, allowing more expensive technology for extraction.

Substitutes are assumed to become possible, as costs rise. Those with the most optimistic views about the amount of resources in the ground become especially concerned about climate change. The view seems to be that it is up to humans to decide how much energy resources we will use. We can easily cut back, if we want to. Today we trample sacred ground… trumpet a message of heresy… and offend the wrathful gods….

The God That Failed. It forever takes the short view. The timing is fit for a movie plot climax! Just as Trump announced intentions to get out of Syria, Assad did something unspeakable.

At a time when the war is almost won for Assad, he decided to re-ignite international calls for his ouster by senselessly murdering about the same number of civilians the Las Vegas Shooter killed. Well, there goes the Syrian exit! Several species of marine bacteria that feed on ingredients in crude oil and natural gas bloomed during the spill, feasting on Louisiana light, sweet crude. Now, one of these species has been found to be a particularly promising candidate for a champion against oil spills.

That allowed the prospect of geopolitical uncertainty to reemerge as a driver of oil prices. We want fair and reciprocal trade. This month, this year is the start to a cold that will chill the earth and all its inhabitants.

This is spring in Manhattan in the above picture, where in Central Park they had their biggest April snowstorm in 36 years. As we move forward into spring it is a lot colder then we would expect in a seriously warming planet.

The headlines for the weekend of the 7th of April read: The Arctic blast will be cold enough to dump snow from Washington to Boston. Will Civilization Collapse Stefan Molyneux. Thus, solar and wind power are nothing more than fossil fuel derivatives. However, if you are an individual that does not believe in the fossil fuel terminology, then we can substitute it by saying solar, and wind power are nothing more than coal-natgas-oil derivatives.

Bahrain officials have revealed that the tiny gulf kingdom has discovered some 80 billion barrels of shale otherwise known as tight oil - the kingdom's largest oil and gas find ever.

The field also discovered 14 trillion cubic feet of natural gas beneath an existing field. The oil fields were discovered in the offshore Khalij al-Bahrain Basin, which covers some square miles in the shallow waters off Bahrain's west coast.

Soaring cash flows, increased dividends and share buybacks…. And over the next several years, there is one surprising industry who could offer investors all three.

The Shanghai debut of China's first yuan-denominated crude futures trading market on Monday proved a great success, with major domestic and foreign traders displaying active interest. Total turnover amounted to The market's better-than-expected performance is believed to have significantly contributed to the recent strength of the yuan on global currency markets.

As China largely depends on crude imports, price volatility in the commodity market is a major impediment. It launched the crude futures market to address the problem and also to gain more pricing power over the crucial commodity. Do you think there might be some similar shenanigans going on with this petrodollar "alternative? You are also correct, so give yourself a cookie. It has been promised for 25 years.

Its coming has been heralded as a world-changing event. It has launched a thousand headlines in the last few months. And it happened this week. But if you blinked you would have missed it. What am I talking about? Why, the launch of a Chinese yuan-denominated oil futures contracts on the Shanghai International Energy Exchange, of course! Or, in more headline-appropriate terms: The Birth of the Petroyuan! If the latest patent from the defense company serves as a benchmark, nuclear fusion technology could revolutionize the aeronautic industry and eventually begin the quantum leap from fossil fuels to compact fusion reactors for the industry.

Many people sent me this article, and it's worth looking at closely for what may be the real story here. Firstly, Lockheed's portable fusion reactor is not new news. In fact, I blogged about this little device some years ago, here: Farnsworth's device, after some initial hoopla in the press, was shuffled right off the stage and was never heard from again.

Regular readers will be aware that we were among the first to alert western financial markets that China would introduce a new oil futures contract priced in yuan, months before it was officially admitted that the plans for the contract were being finalised and a date for trading was being planned. Trading in the new Shanghai oil future commenced last Monday, and on the first three days trading there were , contracts traded with a turnover value of 65bn yuan.

On March 26 China will finally launch a yuan-dominated oil futures contract. So did China actually follow through? The answer is yes. The death toll from the drug war is much less than the actual warfare throughout the world. Yes, we live in deeply troubling times.

The US will not succeed, but the results will be terrible for the American nation and catastrophic on a global scale. The Deep State is on course to take control of Congress. Because cracks are already beginning to appear in the biggest and most profitable global oil companies.

As oil prices continued to decline, energy companies were forced to increase their debt and reduce their capital expenditures CAPEX. President Trump is about to escalate the brewing global trade war with another round of tariffs, although he appears to be narrowing his sights on just China.

They have achieved record-setting efficiency for the generation of neutrons — chargeless sub-atomic particles resulting from the fusion process. This process, which powers the sun, happens when nuclear reactions between light elements produce heavier ones. I was thinking the other day, what if someone was so afraid of the truth that they wanted to stay in the matrix of lies their whole life, what would someone who loves fantasy and lies have to do to remain perfectly brainwashed all the days of their lives?

You are probably thinking, why would someone want to be brainwashed their whole lives? Instead people subliminally tell themselves they would rather not wake up to any truth. Two weeks before passing away peacefully, renowned physicist Stephen Hawking predicted the end of the universe. In the US, Canada and the EU, the peace movement is defunct, ignorant of the broader implications of nuclear war. Natural News Although they first became known for their use as seemingly toy-like novelty gadgets, drones have now found a niche as small-scale unmanned aerial vehicles UAVs for a bunch of random tasks.

Most recently, a group of researchers from the U. They managed to do all the seeding, spraying, monitoring, and even harvesting with nothing but drones and robot tractors, which means that the entire process was done with fully-autonomous vehicles and machinery. Investor Warning Steve St Angelo. While technology has allowed more oil to make it to the market, it has done so at a very high cost.

Unfortunately, a significant percentage of the increased cost to produce this high-tech oil was subsidized by debt from unsuspecting investors. Hundreds of billions of Dollars were invested in the U. Shale Energy Industry by investors who were looking for a higher return on their money than they could receive from banks or other financial institutions. Future skyscrapers will harvest energy from the sun with photovoltaic windows. They look modern but serve no purpose.

Would you ever put a conventional solar panel there? Blockchain technology is being put to the test in northern Europe, writes Jean-Baptiste Cornefert of Sonnen.

A quick view into the future: Amanda, the elderly lady a few blocks away, has consumed 5kWh of solar power from Paul. Both charges Paul sees on his online portal. One of the most influential figures in the LNG market has claimed that a return to long-term LNG contracts is crucial for the sector. Technology is their key advantage. If you allow companies to borrow money at nearly zero interest, most will borrow as much as they possibly can. That one in five US corporations faces bankruptcy when rates rise is a testimony to how much of an illusion the underlying health of the US economic landscape truly is.

The irony is that the substantial gains in output from shale will only be possible because of the OPEC cuts, which has tightened the market and boosted prices. For this reason, the list below is one which holds the reader in high esteem, as a dear colleague on the road to broaden our knowledge of the oil industry. So here we go…. Caulking their ships with bitumen logically followed soon afterwards. Both Tamerlane and Nadir Shah used camels laden with petroleum casks to frighten off Indian war elephants — once set on fire, the sight of fire made the elephants flee in panic.

China is building often, and they are building higher. These are structures with a minimum height of feet meters. Energy Dominance Tyler Durden. President Trump tweet-gloated this morning: The bigger question is the narrative of US global dominance in the energy markets and the ugly narrative-bashing reality that USA is still a net-importing nation - somewhat battering the "security" meme Trump crowed about.

Over the next three years, the U. This fact is not lost on OPEC producers. Last week, Russia's state-run gas giant and quasi-monopolist when it comes to European natgas supplies, Gazprom, announced it would not restart shipments of natural gas to Ukraine's Naftogaz starting March 1 after the two sides failed to reach an agreement, Gazprom deputy chairman, Alexander Medvedev, told journalists.

Russian gas deliveries to Ukraine were supposed to restart on Thursday following a foreign court ruling aimed at ending years of disputes between Kiev and Moscow, including two halts to Russian gas supplies to Europe through Ukraine. But Gazprom unexpectedly refused to resume deliveries, returning the prepayment for supplies made by Kiev, claiming amendments to a contract had not been completed.

After building the world's largest lithium battery in Australia nearly 40 days ahead of schedule, Tesla has announced plans to build the world's largest "virtual power plant" by outfitting 50, homes in South Australia with solar panels and Tesla battery storage units over the next four years, slashing participants' energy bill by 30 percent. Beginning with a trial of Housing Trust properties, a 5kW solar panel system and For the same reason that the U.

Rising geopolitical tensions in the Middle East and Asia could have a major impact on oil prices in , according to a new study. The weakness in the dollar has also supported oil prices, as it makes oil and other greenback-denominated commodities cheaper for countries using other currencies at home. It used to be that "keeping up with the Joneses" involved conspicuous consumption, often environmentally harmful. Now it seems solar power is the new "must-have" — and it's powered by Google.

That's the trend emerging in the US, along with China the world's leading solar power exponents, though experts here say the same pattern is likely to apply in New Zealand. So how come the sun has become so cool?

It began with a study by Yale University by Dr Ken Gillingham involving about solar photovoltaic systems in Connecticut in which showed peer pressure, not cost, was the single biggest driving factor in installing solar power. As political and economic crises mounted in Saudi Arabia, and oil prices continued to remain relatively low on world markets, there was also speculation as to whether the offering in Saudi Aramco would even be viable. Big Oil is due for a disruption. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector.

Blockchain technology has infiltrated Big Oil. This pipeline capacity problem has been forcing producers to pay higher rates for railway transportation, which has naturally hurt their margins in no small way. Now, there is a shortage of rail cars as well. Canadian railway operators are fighting harsh winter weather and finding it hard to supply enough cars to move both crude oil from Alberta and grain from the Prairies.

I needed to cross it to get to a 5: All four lanes were jammed with rush-hour traffic. After a few moments, I saw a woman dart into the street across two lanes of traffic.

She paused briefly in the middle of the street, while cars whizzed by in both directions only inches away. When traffic paused for a moment, she sprinted across the remaining two lanes to the other side.

Researchers have proposed three different methods for providing consistent power in countries using percent renewable energy. The inconsistencies of power produced by wind, water, and sunlight and the continuously fluctuating demand for energy often hinder renewable energy solutions.

Several countries are making proclamations that state all new cars shall be electric by a certain date. Who decided on electric cars? The remaining is as follows: The United States is in the midst of an energy revolution. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies. The proof is in the numbers. In , the United States averaged 9. In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil andgas in Syria.

The agreement goes significantly beyond that, stipulating the modalities of the rehabilitation of damaged rigs and infrastructure, energy advisory support, and training a new generation of Syrian oilmen.

Still, the main international aspect and the key piece of this move is the final and unconditional consolidation of Russian interests in the Middle East. Back in , U. Now, history could be repeating itself. Total global oil supply is expected to grow faster than demand this year, which could lead to another downturn. Former Canadian Minister of Defense Paul Hellyer said a secretive global elite is running the world and is determined to introduce a One World government.

Techno-rapturists are celebrating what seems to be a blindingly bright new golden age of energy greatness. Independent oil analyst Art Berman, who made the podcast rounds the last two weeks, put it in more reality-accessible terms: Thus, as the mainstream media touts the glorious new record in U. There are two critical reasons the current record level of U. First of all, oil production profiles tend to be somewhat symmetrical. They rise and fall in the same manner.

For example, this similar trend is taking place in both Argentina and Norway: This applies to even the most extreme challenges to the status quo. Many of the comments are predictable because they come from people who constantly beat the same old drum. It is usually possible to predict who will respond to any subject and what they will say. They are not necessarily trolls, although trolls are ever present, and are usually called-out or ignored.

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. The steady decline of the U. A rebound for the greenback led to a steep decline in oil prices on Friday.

At the same time, sudden turmoil in the broader financial system also bled over into the oil market. Volatility in the stock market flared up on Friday, sparking the sharpest single-day upheaval in years.

More than 6 million of those barrels came from shale, the Energy Information Administration reported Wednesday. The government of the United States is clearly in demonic hands. We are overflowing with proof. Take today for example. A report from the House Intelligence Committee was released that is proof that the Federal Bureau of Investigation, the Department of Justice sic , and the Democratic National Committee are engaged in a conspiracy against American democracy and the President of the United States with the full support of the presstitute media.

The blockchain has discovered gold or gold has discovered the blockchain. Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source of physical demand. Third, the huge number of gold-related initial coin offerings ICOs in this largely unregulated pipeline will require buyers to learn how to tell the legitimate offerings from the scams.

The question is when that will happen. Texas is set for another oil boom, with production this year expected to hit a record high. The December reading of the index was This is still far below the peak of In fact, the TPI has been rising for 13 months in a row. I wanted to begin a little differently today, with a quick note to those of you who see the value in this broadcast, and the importance of questioning the mainstream narrative, as well as the two-party paradigm.

If people all over the world…would do this, it would change the earth. The oil rally is happening at breakneck speed. That outperformance is even more impressive considering that most oil stocks lost value last year after investors bailed on the sector when oil prices tumbled during the summer.

That said, crude came roaring back by year-end, which catapulted Diamondback Energy's stock because of how briskly it's growing output. That said, as good as Diamondback's performance was last year, two potential catalysts could make an even better year. Defying gravity, WTI and Brent soared to new heights this week, pushed along by an unlikely ally: Treasury Secretary Steven Mnuchin. The dollar dropped sharply on the news, raising fears of a campaign by the U.

Desktop Metal — remember the name. This Massachussetts company is preparing to turn manufacturing on its head, with a 3D metal printing system that's so much faster, safer and cheaper than existing systems that it's going to compete with traditional mass manufacturing processes.

We've been hearing for years now about 3D printing and how it's going to revolutionize manufacturing. As yet, though, it's still on the periphery. Plenty of design studios and even home users run desktop printers, but the only affordable printing materials are cheap ABS plastics. But new work out of the University of California, Los Angeles UCLA could help lower the barrier to entry for consumers, with a device that uses sunlight to produce both hydrogen and electricity.

The UCLA device is a hybrid unit that combines a supercapacitor with a hydrogen fuel cell, and runs the whole shebang on solar power. Along with the usual positive and negative electrodes, the device has a third electrode that can either store energy electrically or use it to split water into its constituent hydrogen and oxygen atoms — a process called water electrolysis.

You see, China entered aggressively trying to reduce coal capacity. The state-run Xinhua News even said last November that China was on track to cut its total number of mines to 7, by But despite having a wealth of different energy sources — from undeveloped natural gas and oil to renewable sources like wind and solar — China remains dependent upon coal for most of its power generation and heat.

To keep up with expanding demand from an expanding population, China on average is bringing a new coal-fired energy plant on line every week. Currently, more than 60 percent of all bitcoin is mined in China, and these miners have picked their location wisely.

Recent rumors, however, suggest that this could all come crashing down. This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies.

The oil market price is setting up for one heck of a fall. Now, could this large oil correction cause the next stock market crash? However, the indicators in the oil market are showing the largest net commercial short positions in history. Proposals to rip up a moratorium preventing uranium mining around the Grand Canyon have received sharp criticism and bullish support in almost equal measures. But, as always, the devil is in the detail, so how far does the current moratorium go and what is being proposed in its stead?

Dr Gareth Evans finds out. And our faces would be plastered all over the news, our families shamed, and our savings would be taken away. Is Going Shirtless a Necessary Freedom? Should women be allowed to take off their shirts in public? Men can do it without legal restrictions. And although it may not seem like a big deal, it is one of those lingering inequalities that give fodder to otherwise over-the-top feminist movements. They challenge local laws which restrict women from going topless while allowing men that freedom.

Algae are probably one of the most attractive directions of scientific development when it comes to finding new green energy sources. This is not the first fuel cell powered by what is called biophotovoltaics. A biophotovoltaic, or BPV, is a solar cell that uses microorganisms to turn solar energy into an electric current. Algae are particularly suitable for these cells, since they grow quickly and, again, are cheap to produce.

These, however, were also genetically modified to convert solar energy into electrons more efficiently by minimizing the loss of electrons during the conversion.

The ongoing war over the control of the financial system, and thus control over the future of the planet, is reaching a dangerous crescendo, multiple sources agree.

Most significantly, the U. Since North Korea is a proxy and is really too analog to be affected by an EMP attack, this is clearly a veiled threat at the Swiss controllers who hollowed out the U.

Senator Johnson is particular interested in the emails that show that some senior FBI officials were determined to prevent Trump from becoming US President. The Trump Monster Jeff Thomas. This, of course, is an ongoing trend, but the reports appear to be increasing in frequency, severity of criticism and, indeed, pettiness. Saudi Arabia, the United Arab Emirates UAE , and Oman, to name a few, have set some ambitious goals to boost the construction of clean energy facilities and the use of renewables in their energy mix in the long term.

Oil has had a spectacular run the past two years. The duopoly of Saudi Arabia and Russia has proved much more effective than OPEC at maintaining the discipline needed to control oil prices.

The duopoly is more disciplined. While most of the USSA is freezing from record cold temperatures one wonders how cold it is in Canada! As one might imagine, this prompt some really high octane speculation:. As one might imagine, there are those taking this fossilized Antarctic forest as evidence of the Flood.

But there's a teensy weensy "catch": Oil prices started the year on a high note as some geopolitical tension pushed aside bearish concerns.

The protests in Iran were the main driver of the bullish sentiment in the oil market. Anti-government demonstrations swept across the country in recent days, and unlike the widespread protests in , the current rallies are related to economic woes and are also taking place in more cities than just Tehran. The signal for a storm has been evident since last week, but as the track has been fine-tuned, impacts to the I corridor are now expected.

During the pre-dawn hours on Christmas Day, Delta Force operators launched a precision strike against an Obama-controlled stronghold in Thailand, says an active Secret Service agent who claims President Trump green lit the operation following a series of telephone calls to United States military commanders and to Thailand Prime Minister Nik Bukharin.

The New Year is one full of economic, political, and war threats. Among the economic threats are stock, bond, and real estate markets artificially pumped up by years of central bank money creation and by false reports of full employment.

It is an open question whether participants in these markets are aware that underlying reality does not support the asset values. Central banks support stock markets not only with abundant liquidity but also with direct stock purchases. The Japanese central bank is now one of the largest owners of Japanese equities. Central banks, which are supposed to provide economic stability, have created a massive fraud. There have been plenty of eye-catching stories in the energy industry this year, but one notable development has been the rise of the U.

The ban on crude exports from the U. In the first half of the year, there were several weeks when the U. When it comes to goal achievement, most people will tell you that the end does not justify the means.

But for some reason, that goes out the window when it comes to how parents treat their kids. In the name of teaching children proper behavior, parents allow themselves all sorts of practices that are unfair, illogical, or downright cruel. A lot of these practices are ingrained in us from our own childhoods. That was when we were on the receiving end of the parenting.

He sees the pieces and the systems. He can invent a better machine—or no machine at all. He has the latent power to go outside the machine and invent in a different way. It is inserted into the common world. It is built on different ideas. He is alive, his creative force is alive, and so what he builds will be alive, too.

This is a kind of natural magic. A magic that is inherent in him. It surpasses the ordinary strictures of society. Am I talking about imagination? This is where it starts. This is where the new path originates.

Is this the first serious crack in high cost of hydrogen? Hydrogen fuel cells have been one of the most exciting areas of green energy for a long time. After all, a vehicle that runs and produces water as its only output would be a great innovation. Yet, hydrogen fuel cells have remained a frustratingly difficult technology that has made little progress in become a serious power source in any major market.

Yet perhaps the most serious challenge for hydrogen-based power is the prohibitive cost associated with the technology. Having been to the moon once, we are now confident that the rest of the universe is only a quantum leap ahead — if there were any quantum leaps to be had. But history has proven that men are traveling through the medium of time not the vast expanse of space — all men, throughout all time. It is an equation that a child can deduce. There is no argument….

Haphazardly and mostly blind, we hope to see a bright portent, a perfect sign, and a light to guide us to the endless tomorrows we all suspect that await us.

In the meantime, the biggest players are working on getting their oil operations on the green side. Eric Holder has engaged in behavior which should have already sent him to prison. And if he would have gone to prison as the government offiical most responsible for the murder of Border Patrol agent, Brian Terry, then former President Obama would go to jail as well because of his role of ordering Holder to ship thousands of guns to the Mexican drug cartels, via the DOJ, in order to launch attack the Second Amendment in America.

WCS typically trades at a discount to WTI, reflecting the differences in quality from lighter forms of oil, as well as the extra transportation costs to move oil hundreds of miles out of Alberta. A price deterioration of this magnitude has not been seen in years. China made its move finishing the testing of the oil-for-yuan futures contracts, and on Monday, President Trump goes on the offensive…. Is leading us to destruction. When it comes to the story we're being told about America's rosy oil prospects, we're being swindled.

At its core, the swindle is this: The shale industry's oil production forecasts are vastly overstated. And the swindle is not just affecting the US. It's badly distorted everything from current geopolitics to future oil forecasts.