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Recent Posts
- Peak Menhaden
- Hemp for paper, textiles, the war on drugs, and more
- Why towns have a hard time adding EV, solar, heat pumps
- Building a national super grid in America
- The Mayflower from the book The Barbarous Years
- Deep Sea Oil
- Book review of “Livewired. The inside story of the ever-changing brain”
- The conveyor belt may be slowing down — Yikes!
- Battery Energy storage batteries (BESS) too complex to ever be commercial
- New war and energy alliances over next resource wars
- Book review of “Siege: Trump Under fire”
- Why do people vote for Trump?
- Book review of “Pandemic Politics: The Deadly Toll of Partisanship in the Age of COVID”
- The evolution of the Republican party from 1960 to 2024: from moderate democracy to extreme authoritarianism
- Why some people are conservative and others liberal
Category Archives: Debt
Peak Oil is Officially Here! World oil production peaked November of 2018
Preface. When I first published this post in February of 2022, I said that peak world oil production might have arrived, but it takes 5 years in the rear-view mirror to call it. Now peak “crude oil including lease condensate … Continue reading
The staggering level of corruption & kleptocracy in the world
Preface. This is a book review of Frank Vogl’s 2021 book “The Enablers: How the West Supports Kleptocrats and Corruption – Endangering Our Democracy” (well, mostly kindle notes). They couldn’t get away with it if there weren’t so many places … Continue reading
Posted in Banking, Bond Market, Corporate Welfare, Corruption, Crime, Gangs, Corrupt police, Private security, Debt, No Jail for Bankers & Wall St execs, Politics, Scams
Tagged autocrat, corruption, democracy, kleptocracy, kleptocrat
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Toxic Loans Around the World Weigh on Global Growth
Preface. Obviously endless growth on a finite planet is impossible. Clearly the main “benefit” of debt is being able to rape and pillage the planet immediately. The accumulating debt can never be paid off, because energy is required to grow … Continue reading
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 crash coming soon, debt, oil and gas
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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
Posted in Debt, Ponzi Schemes
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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
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 tiny batteries together — thousands of them. But … Continue reading
Posted in Debt, Lithium-ion, Photovoltaic Solar, Subsidies
Tagged altnerative energy, debt, renewables, subsidies, tesla
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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
Posted in By People, Debt, Gail Tverberg, Inflation or Deflation
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Signs of Peakiness, oil companies are running out of cash
Andrew Nikiforuk, August 29, 2014. A big summer story you missed: Soaring oil debt. The Tyee. Over 100 of the world’s largest energy companies are running out of cash. Photo of Keystone pipeline in Nebraska by Shannon Ramos. Creative Commons … Continue reading
Posted in Debt, Energy Markets, Peak Oil
1 Comment
Student loan crisis widens gap between rich and the rest
Student loan crisis widens gap between rich and the rest. Bill Zimmerman. February 21, 2014. San Francisco Chronicle. Growing concern about wealth and income inequality overlooks a principal cause: the student loan crisis, which is much deeper than the $1.1 … Continue reading
Posted in Debt
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