Wednesday, September 30, 2020

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

from RT:

The Syrian government has accused the US of “stealing” the country’s oil reserves, which Washington claimed to be protecting from terrorists. American lawmakers admitted that a deal has been signed with Kurdish rebels.

When President Donald Trump pulled US troops out of Syria last October, it was not the full withdrawal promised in his anti-interventionist campaign speeches. Instead, a contingent was left behind in areas of north Syria controlled by the Kurdish-led Syrian Democratic Forces, ostensibly to protect the region’s oilfields from Islamic State (IS, formerly ISIS) terrorists.

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

by Steve St. Angelo, SRSRocco Report:

How can an electric car be called “Green” when it contains more than 700 pounds of plastic??  Electric vehicle (EV) manufacturers are using more plastic to lower the weight of the car due to the massive battery used, weighing more than 1,000 pounds.  Unfortunately, plastic is still made from petrochemicals, the so-called “Dirty Fossil-fuel Industry.”

So, without petrochemicals, the manufacture of electric cars would be extremely difficult without plastic.  And the primary feedstock for plastic is natural gas liquids (NGLs).  Due to the rapid rise in NGLs production, especially in the United States, plastic production has surged.  We can see in the chart below, that the United States accounted for nearly 90% of global NGLs production growth since 2007.

Has Saudi Once More Made a Catastrophic Oil Blunder?

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?

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

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, 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.


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


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

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

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.


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:


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

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?

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

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