By Michael T. Klare | (Tomdispatch.com) | – – Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. Unlike […]
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Fossil Fuels
The Collapse of the Old Oil Order
By Michael T. Klare | ( Tomdispatch.com) | – – Sunday, April 17th was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization […]
It Begins: Increased flooding, accelerated sea-level rise in Miami since 2006
By The Watcher | – – A new study found that Miami Beach flood events have significantly increased over the last decade due to an acceleration of sea-level rise in South Florida. The study, made by researchers from the University of Miami (UM) Rosenstiel School of Marine and Atmospheric Science, analyzed tide and rain-gauge records, media reports, insurance […]
3 Surprising reasons Saudi Arabia may be getting out of the Oil Business
By Juan Cole | (Informed Comment) | – – Saudi crown prince Muhammad bin Salman announced Friday that Saudi Arabia would use its oil assets to back a $2 trillion sovereign wealth fund. The move suggested to many observers that the kingdom is preparing for a likely end of the petroleum business and transitioning to […]
Greenpeace: Hillary Clinton Should Reject Fossil Fuel Money
TeleSur Hillary Clinton told Greenpeace she was going to reject fossil fuel donations yet her campaign has received over US$4.5 million from the industry. The Greenpeace USA activist who rattled Democratic party presidential candidate, Hillary Clinton, at a New York rally said the former secretary of state didn’t sign the group’s #FixDemocracy campaign but pledged […]
Climate Godzilla Stirs: Heat and CO2 Records ‘Obliterated’
By James Dyke | (The Conversation) | – – And another one bites the dust. The year 2014 was the warmest ever recorded by humans. Then 2015 was warmer still. January 2016 broke the record for the largest monthly temperature anomaly. Then came last month. February didn’t break climate change records – it obliterated them. […]
Oil Glut Blues and the last hurrah of the Fossil Fuel Bubble
Michael T. Klare | ( Tomdispatch.com) | – – Three and a half years ago, the International Energy Agency (IEA) triggered headlines around the world by predicting that the United States would overtake Saudi Arabia to become the world’s leading oil producer by 2020 and, together with Canada, would become a net exporter of oil […]
Great Barrier Reef Endangered: Ocean turning Acidic from our Our Coal, Oil, Gas emissions
By Mathieu Mongin, Andrew Lenton, Jennifer Skerratt & Mark Baird | (The Conversation) | – – Those of us who have been fortunate enough to have travelled to spectacular coral reefs marvel at their colour and biodiversity. At around 2,000 km long, the Great Barrier Reef is the largest coral reef system in the world. […]
Oil Dictator Dominos
By Bill Emmott | Project Syndicate | – – LONDON – Price movements as large and rapid as those that have upended oil markets since June 2014 are sure to cause pain to some and benefit others. Though the pain tends to capture the most attention, the benefit is just as important – if not […]