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by
Chris Martenson
Natural Gas Prices in Free-Fall
PREVIEW by Chris Martenson
by
Chris Martenson
This is your chart of the day. If anything can explain exactly the sort of difficulties our economy is facing, this is it.
Source
All economic growth requires energy. This decline in energy use is the first such decline in the entire history of our energy records. Sure, there have been a couple of minor dips (back in the 1970’s), but nothing quite like this.
Chart of the Day – US Oil Imports
PREVIEW by Chris MartensonThis is your chart of the day. If anything can explain exactly the sort of difficulties our economy is facing, this is it.
Source
All economic growth requires energy. This decline in energy use is the first such decline in the entire history of our energy records. Sure, there have been a couple of minor dips (back in the 1970’s), but nothing quite like this.
by
Chris Martenson
This is a must-read article. It shows that the big money, and what I consider to be the long-term smart money, is moving aggressively towards locking up the last remaining critical resources on the planet. This article centers on crop land, but it could just as easily center on critical mineral resources. Or oil.
Wish you weren’t here: The devastating effects of the new colonialists
Resource Wars
PREVIEW by Chris MartensonThis is a must-read article. It shows that the big money, and what I consider to be the long-term smart money, is moving aggressively towards locking up the last remaining critical resources on the planet. This article centers on crop land, but it could just as easily center on critical mineral resources. Or oil.
Wish you weren’t here: The devastating effects of the new colonialists
by
Chris Martenson
In this Martenson Report for subscribers, I continue with Part II of our discussion on what the next oil supply crunch will mean and steps you might take today to lessen the impact.
Oil – The Coming Supply Crunch (Part II)
Here’s a snippet:
Executive Summary
- Explaining Oil Pricing – oil prices are "set at the margin"
- Oil Storage – When it’s pumped out of the ground it has to go somewhere
- Oil Price Behavior – slight supply and demand imbalances drive prices
- The Total Shortfall – too little oil to support a robust recovery
- Nothing Fails Like Success – the worst thing would be a rapid economic recovery
- Timing – when will Oil Shock III arrive?
- What should you do?
- Investments, food, selecting a community, and an abbreviated buy list
In Part I of this report, I laid out the case that the
combination of declines in the production output of existing oilfields and a
lack of investment in new oil fields would lay the foundation for Oil Shock
III.
This report will examine Oil Shock III by painting a number
of possible scenarios, and then discuss steps you might take to weather the
storm, when it arrives. I will help you
translate current news and future projections into actionable information. My goal is to help you better understand what
is going on and what you can personally do about it.
New Martenson Report: Oil – The Coming Supply Crunch (Part II)
by Chris MartensonIn this Martenson Report for subscribers, I continue with Part II of our discussion on what the next oil supply crunch will mean and steps you might take today to lessen the impact.
Oil – The Coming Supply Crunch (Part II)
Here’s a snippet:
Executive Summary
- Explaining Oil Pricing – oil prices are "set at the margin"
- Oil Storage – When it’s pumped out of the ground it has to go somewhere
- Oil Price Behavior – slight supply and demand imbalances drive prices
- The Total Shortfall – too little oil to support a robust recovery
- Nothing Fails Like Success – the worst thing would be a rapid economic recovery
- Timing – when will Oil Shock III arrive?
- What should you do?
- Investments, food, selecting a community, and an abbreviated buy list
In Part I of this report, I laid out the case that the
combination of declines in the production output of existing oilfields and a
lack of investment in new oil fields would lay the foundation for Oil Shock
III.
This report will examine Oil Shock III by painting a number
of possible scenarios, and then discuss steps you might take to weather the
storm, when it arrives. I will help you
translate current news and future projections into actionable information. My goal is to help you better understand what
is going on and what you can personally do about it.
by
Chris Martenson
A new Martenson Report is ready for subscribers.
Link: Oil – The Coming Supply Crunch (Part I)
A snippet from the opening:
This is one of the most important Martenson Reports I will write this
year. In this report, I explain
why the global stimulus plan will not succeed at returning the global economy
to a path of sustainable growth or even to its former heights, seen in
2006/2007.
A snippet from the conclusion:
The assumption by the G20 that money printed out of thin air is both necessary and sufficient to return us to a renewed path of global economic growth is deeply flawed. Trillions of dollars in new stimulus money will soon “find their mark” and stampede off looking for something to do. The energy to support all this money does not exist, at least if the independent efforts of three diverse institutions that have studied the data are to be trusted (and I do because their conclusions are so similar).
The combination of rapid declines in existing fields and a collapse in oil field investment means that it is extremely unlikely that we’ll have enough oil to return the globe to robust growth.
While it is possible that we’ll close some of the energy gap with efficiency measures, a decade or more of lead-time sits between the development of more efficient technologies and their full market penetration, which means that efficiency is unlikely to play anything other than a bit part in this developing drama.
Any plan to stimulate growth that does not take this energy reality into account is highly suspect and is probably flawed. Why this most obvious of all connections is not being openly discussed will be for future historians to dissect. For now, it is up to each of us to define for ourselves how much importance we place in this line of thinking.
Martenson Report Ready – Oil Shock III
by Chris MartensonA new Martenson Report is ready for subscribers.
Link: Oil – The Coming Supply Crunch (Part I)
A snippet from the opening:
This is one of the most important Martenson Reports I will write this
year. In this report, I explain
why the global stimulus plan will not succeed at returning the global economy
to a path of sustainable growth or even to its former heights, seen in
2006/2007.
A snippet from the conclusion:
The assumption by the G20 that money printed out of thin air is both necessary and sufficient to return us to a renewed path of global economic growth is deeply flawed. Trillions of dollars in new stimulus money will soon “find their mark” and stampede off looking for something to do. The energy to support all this money does not exist, at least if the independent efforts of three diverse institutions that have studied the data are to be trusted (and I do because their conclusions are so similar).
The combination of rapid declines in existing fields and a collapse in oil field investment means that it is extremely unlikely that we’ll have enough oil to return the globe to robust growth.
While it is possible that we’ll close some of the energy gap with efficiency measures, a decade or more of lead-time sits between the development of more efficient technologies and their full market penetration, which means that efficiency is unlikely to play anything other than a bit part in this developing drama.
Any plan to stimulate growth that does not take this energy reality into account is highly suspect and is probably flawed. Why this most obvious of all connections is not being openly discussed will be for future historians to dissect. For now, it is up to each of us to define for ourselves how much importance we place in this line of thinking.
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