New data suggests that the world’s oil fields are declining faster than the industry realized. This is terrible news as the world economic growth is likely to peak shortly, leading to ongoing recessions and depressions. Because the Oil Industry underestimated the “Realistic” decline rate of the world’s oil fields, it will make a BAD situation… WORSE…
While the Top Gold Miners’ Cost reached a new high last year, 2022 will be a doozy for the industry as energy prices and materials have skyrocketed. The days of producing gold for $750-$1,250 an ounce are gone for good. I am talking about the “Total Costs,” not the All-In Sustaining Cost…
After more than a half-year of skyrocketing natural gas prices in Europe, it has finally made its way into the heartland of America. While Europeans were struggling with paying four times more for natural gas, U.S. Citizens were enjoying the lowest prices in the world. But, that has all changed now…
While the Mainstream media reports positive news about Europe and the West’s transition away from Russian energy, there continue to be breakdowns in the Global Energy Market, hidden away from the public. I call this the Global Energy Denial Phase, which will only get worse…
Rapidly rising inflation is causing skyrocketing food and energy costs leading to chaos and riots in several countries. Unfortunately, this is just the beginning. Many central banks are raising key interest rates in an attempt to curb demand and inflation. Even if they are successful…
If the world depends upon the U.S. Shale Industry to save the day by bringing on a lot more oil production… GOOD LUCK with that. Unfortunately, the Red Queen Syndrome is now catching up to the U.S. Shale Patch as the rapid decline rate will make it difficult for the industry to grow production…