Category Archives: Debt

no way we can go on like now with 56 trillion dollars of overall debt

One of the biggest risks to the world’s financial system is the $3 trillion of debt owed by oil and gas firms

[ Yet another “crash coming soon” post, if it hasn’t happened already (I scheduled this article and others to appear a year or more later, since crashes always take longer to happen than you expect. Alice Friedemann   www.energyskeptic.com  author of … Continue reading

Posted in Bond Market, Crash Coming Soon, Debt, Oil & Gas Fracked | Tagged , , | 2 Comments

Steve St. Angelo: The global oil & gas industry is cannibalizing itself to stay alive

[ I heard Steve recently on a Peak prosperity podcast here.  I like St. Angelo because he is one of very few financial advisors who understand the role energy plays in the economy.  Though I don’t think that gold and … Continue reading

Posted in Debt, Economic, Investing advice, Natural Gas, Oil | Tagged , , | 7 Comments

The real trouble with ‘Bizarro Capitalism’ by Porter Stansberry 7-22-2017

[ I sent out a newsletter to everyone I knew in 1999 about why dot.com companies were going to go bust, started warning people in 2002 that there was a housing bubble, and in 2005 that a financial crash was … Continue reading

Posted in Crash Coming Soon, Debt | 4 Comments

Many signs of peak oil and decline

[ I think the huge debt of major and minor oil and gas companies, falling cash flow, and dimming prospects are a huge waving banner of “Danger Ahead!”  It was expected by those of us following the energy crisis that … Continue reading

Posted in Debt, How Much Left, Peak Oil | Tagged , | 2 Comments

Toxic Loans Around the World Weigh on Global Growth

[ Since 2008 people have been struggling to pay back increasing amounts of debt. China is the worst of all, with $5 to $6.6 trillion dollars of bad debt and $30 trillion overall debt, up from $9 trillion just 7 … Continue reading

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Pensions face bankruptcy in the future

2016-4-10. US faces disastrous $3.4 trillion pension funding hole. Collective deficit of retirement plans is three times larger than official figures. Financial Times. The US public pension system has developed a $3.4 trillion funding hole that will pile pressure on … Continue reading

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James Howard Kunstler posts

[ As I re-read Kunstler posts I will add more excerpts and/or links.  I encourage you to read these brilliant posts in their entirety at http://kunstler.com/clusterfuck-nation/ for their wonderful humor, language, and the full logical chain of discourse, which excerpts … Continue reading

Posted in Crash Coming Soon, Debt, Derivatives, Energy Markets, Foreclosures, Interest Rates, James Howard Kunstler | Tagged , , , , | Comments Off on James Howard Kunstler posts

Tilting at Windmills, Spain’s disastrous attempt to replace fossil fuels with Solar PV, Part 1

Book review by Alice Friedemann at energyskeptic of “Spain’s Photovoltaic Revolution. The Energy Return on Investment”, by Pedro Prieto and Charles A.S. Hall. 2013. Springer. Conclusion: the EROI of solar photovoltaic is only 2.45, very low despite Spain’s ideal sunny … Continue reading

Posted in Alternative Energy, Alternative Energy Resources, Charles A. S. Hall, Debt, Electric Grid, Energy, EROEI Energy Returned on Energy Invested, Pedro Prieto, Photovoltaic Solar, Solar, Solar EROI | Tagged , , , , , , , , | 26 Comments

Would Tesla, SolarCity or SpaceX exist without $4.9 billion in government subsidies?

[ Tesla has made no new battery breakthroughs. Batteries aren’t much better today than they were 200 years ago.  All Tesla did was build a better battery management system (BMS) by stringing teeny-tiny batteries together — thousands of them.  But … Continue reading

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Gail Tverberg The oil glut and low prices reflect an affordability problem

Tverberg, G. March 9, 2015. The oil glut and low prices reflect an affordability problem. ourfiniteworld.com For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand … Continue reading

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