After 58 years of operation on the Hudson Bay, the New York Indian Point Nuclear Plant shut down operations at its last unit yesterday. While many are applauding the shutdown of Indian Point, there are big troubles brewing due to the closure of the nuclear facility. One major issue that is not considered…
The world’s economies added an obscene amount of debt last year just to keep the entire system from imploding. Actually, the amount of debt that the world added last year accounted for nearly a third of global GDP. Just think about that for a minute. Without the massive debt increase, global GDP would have…
In this video update, I provide examples of how the Falling EROI is negatively impacting several sectors in the global economy. The Falling Energy Returned On Investment (EROI) is the number one equation that allows all living systems the ability to live or die. When the EROI falls to a certain level, then the collapse…
With the global semiconductor shortage forecasted to extend well into the second half of the year, many companies have been forced to shut down production or delay the release of new product lines. And, to make matters worse, with the Bitcoin price surging towards $60K, booming demand for Bitcoin miners…
As the world faces the coming ENERGY CLIFF, countries with the largest oil imports will experience greater economic hardship than those who are less dependent on foreign oil. While the United States was heavily dependent on foreign oil in the past, its net oil imports over the past decade have dropped…
The days of Energy Independence may be over for the United States as net oil imports rise as domestic production declines. Just a year ago, the U.S. oil industry produced over 13 million barrels per day of oil. However, due to the pandemic shutdowns, the peak of U.S. shale oil production has likely arrived…