Has Saudi Once More Made a Catastrophic Oil Blunder?

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July 15, 2020

by F. William Engdahl, New Eastern Outlook:

In March of this year Saudi Arabia launched what was clearly a catastrophic move to regain its role as the world oil superpower. What initially was a move aimed at taking markets away from Russia, after the latter declined to make further production cuts, has quickly turned into a clumsy even catastrophic repeat of the Saudi 2014 oil miscalculation. At this point US shale oil industry is indeed hurting as a result. However, OPEC and Saudi Arabia are themselves in a deep crisis whose outcome may radically transform the geopolitical power map of oil.

Is China’s Three Gorges Dam, with many nuclear plants below it, about to crumble?

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July 12, 2020

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by Ethan Huff, Natural News:

Expert hydrologist Wang Weiluo has issued a dire warning about communist China’s Three Gorges Dam, a massive structure built on the Yangtze River that he says is on the verge of collapsing, threatening a number of nuclear plants positioned below it.

The area has been receiving excess rainstorms for many weeks now, generating mudslides and other hazards that have already lifted up and moved some 7,300 housing structures. At least eight million people have been affected by the storms thus far, with many more in harm’s way should the dam eventually collapse.

CHART OF THE WEEK: The Collapse Of The U.S. Oil Drilling Rig Count Spells Big Trouble Ahead

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July 7, 2020

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by Steve St. Angelo, SRSRocco Report:

U.S. Energy Independence that lasted for less than one year, is over. With the collapse of the domestic oil drilling rig count, U.S. shale oil production will begin to fall off a cliff in the next 3-6 months. This should also destroy the notion of a “V-Shaped” economic recovery once and for all.

According to Shaleprofile.com, U.S. shale oil production peaked at 8.3 million barrels per day (mbd) in November 2019 and declined to 7.8 mbd by March this year. However, the oil rig count from November to March was about the same, 683 rigs. During these five months with the oil rig count about the same, shale oil production declined 500,000 barrels per day.

“MYSTERIOUS INCIDENT” DAMAGES A NUCLEAR SITE IN IRAN

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July 6, 2020

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by Mac Slavo, SHTF Plan:

Things are going absolutely crazy all over this planet. Iran has now allegedly confirmed a “mysterious incident” has caused damages to one of its nuclear sites.

Pay attention with eyes open. Like many of these stories, this could be a false flag. At this point, most of the world is looking for a reason to ignite World War III, and tensions with Iran have been exceptionally high since the killing of General Qassim Soleimani in January.

Tips for setting up an off-grid power system when SHTF

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June 26, 2020

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by Mary Miller, Natural News:

In times of social unrest or calamity, you can’t always rely on the power grid to provide you with electricity. Power outages can come without warning, leaving you feeling trapped and vulnerable in your own home. An off-grid electrical power system can augment your power supply when SHTF or allow you to go off the grid entirely.

Here are a few useful tips on setting up an off-grid electrical power system. (h/t to BioPrepper.com)

Illegal US Sanctions War on Russia’s Nord Stream 2 Gas Pipeline

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June 20, 2020

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by James Corbett, The International Forecaster:

Unacceptable policies supported by the Trump regime and most congressional members threaten to fracture US relations with countries like Germany.

Both right wings of the US one-party state are at war by hot and other means on all nations it doesn’t control.

Washington’s agenda is all about advancing its imperium politically, economically, financially, militarily, and through trade — seeking an advantage over all other nations, including allies.

What’s gone on throughout the post-WW II period is a conspiracy against peace, the rule of law, governance the way it should be, and respect for the sovereign rights of all nations — hostility toward none.

The US notably wants China, Russia and Iran marginalized, weakened, contained and isolated.

THE DESTRUCTION OF THE SHALE OIL INDUSTRY BEGINS: Massive Impairment Write-offs

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June 18, 2020

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by Steve St. Angelo, SRSRocco Report:

If the carnage that took place in the U.S. shale oil patch during the first quarter of 2020 is any indication of the financial health of the industry, just wait until the second-quarter results are released. Yes, there’s going to be serious BLOODSHED in the shale industry come early August.

While I knew several shale companies posted significant impairment write-offs last quarter, I had no idea of the extent of the damage. Just about every shale oil company posted an impairment write-off in their Q1 2020 results. And, when we add up the total for the leading twelve shale companies, it was a stunning $40 billion:

THE DEATH OF THE BAKKEN HAS ARRIVED: Oil Production Down 30%

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May 6, 2020

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by Steve St. Angelo, SRSRocco Report:

With North Dakota Bakken oil production down more than 30%, the death of the mighty shale region has begun. There is no way for the companies producing shale oil in the Bakken to recover from this global contagion overnight collapse. Yes, it virtually happened overnight. Since March 1st, the Bakken has seen at least 400,000 barrels per day of production shut-in.

The Fuel Shortage in Venezuela Will Lead to Starvation

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May 1, 2020

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by Daisy Luther, The Organic Prepper:

Dear readers, those who already know me are aware I used to write about confirmed facts we all care about as preppers. At this point in my life I hardly can be considered a prepper, though. A survivor? Sure. I’ve been in much better conditions (as I have mentioned earlier in previous articles) than other migrants. Always had a roof and something to eat, and could buy my kiddo a good meal every now and then and even an ice cream, cookies and the occasional chocolate when he asked for it. Maybe I have not eaten a grilled steak every two days, but I haven’t starved. Have I seen myself rationing? Sure. At least I have something to ration. I know I have been a little…disperse. I have realized that facing with a reality you had only had imagined in your worst scenario fantasies, is harder than I thought. That´s why I´ve been trying to recover myself, and getting used to the quite grim possibility of death far away from my homeland.

COVID-19: The Beginning of the End for Oil?

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May 1, 2020

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by Michael T. Klare, Consortium News:

Energy analysts have long assumed that, given time, growing international concern over climate change would result in a vast restructuring of the global energy enterprise. The result: a greener, less climate-degrading system. In this future, fossil fuels would be overtaken by renewables, while oil, gas, and coal would be relegated to an increasingly marginal role in the global energy equation. In its “World Energy Outlook 2019,” for example, the International Energy Agency (IEA) predicted that, by 2040, renewables would finally supersede petroleum as the planet’s No. 1 source of energy and coal would largely disappear from the fuel mix. As a result of Covid-19, however, we may no longer have to wait another 20 years for such a cosmic transition to occur — it’s happening right now.

Oil, Oil, Oil! Subprime Auto Loans Pop! Real Estate Bust! with John Rubino

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April 30, 2020

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by Kerry Lutz, Financial Survival Network:

John Rubino returns… Something was going to pop these bubbles and it just happened to be the Coronavirus. Oil crashed again to $12 per bbl. Diamond Offshore just went BK. Offshore drilling is super costly and their oil has no market. 27 oil tankers off the coast of Long Beach and even more off the coast of Singapore. We’re almost at the point where there’s no more storage capacity. Until we start driving and flying again real soon. Shale oil junk bonds are worthless. The oil producing countries have either cut spending dramatically or they have to borrow a ton of money that isn’t available. Money center banks, hedge funds and pension funds are going to see massive losses. It starts with oil and ends with Illinois. States will go bankrupt. Trump asked why we should bail out Blue States. The number of things that blow up become catastrophic. The Feds have no choice but to bail out everything and that’s the end of the dollar, as we know it. There’s not a hedge fund left after the big bang!

Click HERE to Listen

Tankers Straddle Waterway Off Singapore as Fuel Increasingly Hoarded at Sea Over Slump in Demand

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April 30, 2020

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from Sputnik News:

Previous reports suggested a record amount of crude oil was being stored offshore in tankers after coronavirus lockdowns had forced refineries to suspend operations and demand for crude plummeted over protocols introduced by nations in an effort to slow the spread of the pandemic.

An increased number of oil tankers are congesting the Singapore Strait amid oversupply and a global slump in demand for crude triggered by the COVID-19 pandemic, reported Bloomberg.

The Globalist Supply Chains Are Broken, US prepares To Shift Uranium 1 Back To US: Marin Katusa

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April 28, 2020

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from X22Report Spotlight:

There Will Be A Lot More Blood? Another Big Name Oil Company Just Went Bankrupt!

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April 28, 2020

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from WallStForMainSt:

‘Moving into End-Game’: Production Shut-Downs Cited as Next Chapter of COVID-19-Driven Oil Crisis

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April 28, 2020

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from Sputnik News:

The ongoing coronavirus pandemic, which has halted economic activities and travel, has crippled demand for crude, resulting in an oil glut and sending prices plunging, heralding more shocks to the industry.

Amid the destructive economic fallout from the COVID-19 pandemic, production shut-downs in the petroleum industry are imminent, writes Bloomberg.

Energy/Oil/Alternative

ExxonMobil’s Financials Continue To Hemorrhage During Q2 2020

Syria says US ‘stealing’ oil after American energy firm signs deal with Kurdish rebels

The Calm Before The Next Oil Price Storm?

Dan Steffens: US Oil Producers Need $60 to $65 Oil Just To Maintain Current Production Levels

THE GREEN ELECTRIC CAR MYTH: 772 Pounds Of Petro-Chemical Plastics In Each Vehicle

Has Saudi Once More Made a Catastrophic Oil Blunder?

Is China’s Three Gorges Dam, with many nuclear plants below it, about to crumble?

CHART OF THE WEEK: The Collapse Of The U.S. Oil Drilling Rig Count Spells Big Trouble Ahead

“MYSTERIOUS INCIDENT” DAMAGES A NUCLEAR SITE IN IRAN

Tips for setting up an off-grid power system when SHTF

Illegal US Sanctions War on Russia’s Nord Stream 2 Gas Pipeline

THE DESTRUCTION OF THE SHALE OIL INDUSTRY BEGINS: Massive Impairment Write-offs

THE DEATH OF THE BAKKEN HAS ARRIVED: Oil Production Down 30%

The Fuel Shortage in Venezuela Will Lead to Starvation

COVID-19: The Beginning of the End for Oil?

Oil, Oil, Oil! Subprime Auto Loans Pop! Real Estate Bust! with John Rubino

Tankers Straddle Waterway Off Singapore as Fuel Increasingly Hoarded at Sea Over Slump in Demand

The Globalist Supply Chains Are Broken, US prepares To Shift Uranium 1 Back To US: Marin Katusa

There Will Be A Lot More Blood? Another Big Name Oil Company Just Went Bankrupt!

‘Moving into End-Game’: Production Shut-Downs Cited as Next Chapter of COVID-19-Driven Oil Crisis