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Showing posts with the label Oil Civilization

USA Jealousy... Latin America On Edge As Venezuela's Maduro Holds Referendum Whether To Invade Oil-Rich Neighbor Guyana

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Latin America On Edge As Venezuela's Maduro Holds Referendum Whether To Invade Oil-Rich Neighbor Guyana   In a move that has prompted many to wonder which is the bigger banana republic, Venezuela or the US, Joe Biden's new BFF, Venezuelan dictator Nicolas Maduro ( who has promised to export a few barrels of oil to the US president - now that draining the SPR is no longer an option - to keep gas prices low ahead of the 2024 presidential election in exchange for sanction relaxation and defacto recognition by the White House that Maduro is   the   dictatorially   "democratically" elected president of Venezuela, making a mockery of a decade of Western virtue-signaling sanctions) , on Sunday   Caracas is set to hold a referendum among Venezuelans on annexing (i.e., invading and taking over) a whopping 160,000 sq km of extremely oil-rich land in neighbouring Guyana. Why now? Why   only now   when Caracas has for more than 200 years claimed rights over Essequibo, a vast swat

Collapse (too) Might Come Sooner Than Expected

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 Thanks to Saint Jimmy (Russian American) for recommending this article... Collapse (too) Might Come Sooner Than Expected THE HONEST SORCERER Photo by  Micah Williams  on  Unsplash I’ve been writing long and extensively about peak oil for some time now, still, after so many years spent on researching the topic, I had to realize that I might’ve missed an important point. A kind reader, and an astute scholar of the global energy system, Dr Louis Arnoux, has brought another perspective to my attention. He and his team of engineers and scientists at the  Fourth Transition Initiative  are focusing more on the useful energy oil provides to civilization (as opposed to counting barrels), and view the global energy supply and use system (GESUS as they call it) as one interconnected mechanism with feedback loops and a complex behavior of its own. Their calculations suggest a rather unexpected turn of events — well before a theoretic maximum oil-output could be reached — putting quite an abrupt e