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Image | Peak Insider Alert: All Hell Breaks Loose
Peak Insider Alert: All Hell Breaks Loose
 PREVIEW
by Chris Martenson

Right before going to sleep last night, I checked my phone to see how Sunday night futures were doing. The futures screen I check shows them all at a glance. Stocks, bonds, metals, energy, grains, currencies… Everything was red. My personal warning signs were all flashing red. Like 2008 all over again. The “trio” showed…
Peak Insider Alert: All Hell Breaks Loose
 PREVIEW by Chris Martenson

Right before going to sleep last night, I checked my phone to see how Sunday night futures were doing. The futures screen I check shows them all at a glance. Stocks, bonds, metals, energy, grains, currencies… Everything was red. My personal warning signs were all flashing red. Like 2008 all over again. The “trio” showed…
Image | Bizarro World: The Herd Has Truly Gone Mad
Bizarro World: The Herd Has Truly Gone Mad
by Adam Taggart

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. ~ Charles Mackay (1841) Like me, you may often feel gobsmacked when looking at the world around you. How did things get so screwed up?…
Bizarro World: The Herd Has Truly Gone Mad
 by Adam Taggart

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. ~ Charles Mackay (1841) Like me, you may often feel gobsmacked when looking at the world around you. How did things get so screwed up?…
Image | Bethany McLean: Saudi America
Bethany McLean: Saudi America
by Adam Taggart

For years now we've been covering the false promise of the American shale oil “miracle”.

Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an economic loss. And at great environmental cost.

If the shale drilling companies can't make any profit, either when oil prices are high or low — why are we still pursuing shale deposits so aggressively?
Bethany McLean: Saudi America
 by Adam Taggart

For years now we've been covering the false promise of the American shale oil “miracle”.

Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an economic loss. And at great environmental cost.

If the shale drilling companies can't make any profit, either when oil prices are high or low — why are we still pursuing shale deposits so aggressively?
Image | The Shale Oil Revolution Actually Reflects a Nation in Decline
The Shale Oil Revolution Actually Reflects a Nation in Decline
by Chris Martenson

For several decades now the US has been getting its energy policy very badly wrong.  It's so short-sighted, and rely so heavily on techno-optimism, that it barely deserves to be called a 'policy' at all. 

Which is why we predict that in the not-too-distant future, this failure to plan will attack like a hungry wolfpack to bite down hard on the US economy’s hamstrings and drag it to the ground.
The Shale Oil Revolution Actually Reflects a Nation in Decline
 by Chris Martenson

For several decades now the US has been getting its energy policy very badly wrong.  It's so short-sighted, and rely so heavily on techno-optimism, that it barely deserves to be called a 'policy' at all. 

Which is why we predict that in the not-too-distant future, this failure to plan will attack like a hungry wolfpack to bite down hard on the US economy’s hamstrings and drag it to the ground.
Image | Running Out Of Room
Running Out Of Room
 PREVIEW
by Chris Martenson

The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.

But it faces a massive predicament: It’s running out of resources.

When talking about the “economy”, we're really referring to the flow of goods and services — which are themselves entirely dependent on energy. No energy = no goods and services = no economy. It’s really that simple.

So to track where we are in this story, put on your ‘energy goggles’. If you do, you can discover quite a lot.
Running Out Of Room
 PREVIEW by Chris Martenson

The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.

But it faces a massive predicament: It’s running out of resources.

When talking about the “economy”, we're really referring to the flow of goods and services — which are themselves entirely dependent on energy. No energy = no goods and services = no economy. It’s really that simple.

So to track where we are in this story, put on your ‘energy goggles’. If you do, you can discover quite a lot.
Image | Off the Cuff: The Great Global Economic Slowdown
Off the Cuff: The Great Global Economic Slowdown
 PREVIEW
by Adam Taggart

In this week's Off the Cuff podcast, Chris and Mish Shedlock discuss:

  • Economic Slowdown
    • Economic growth is fast disappearing all across the world
  • The Evils Of The Banking System
    • Corrupt & corrupted; we need a return to old-school fiduciary stewardship
  • Chicago Blues
    • A case study for the fraud & rot soon to appear in cities across the US
  • Fracking's Legacy
    • From poisoned water tables to earthquakes
Off the Cuff: The Great Global Economic Slowdown
 PREVIEW by Adam Taggart

In this week's Off the Cuff podcast, Chris and Mish Shedlock discuss:

  • Economic Slowdown
    • Economic growth is fast disappearing all across the world
  • The Evils Of The Banking System
    • Corrupt & corrupted; we need a return to old-school fiduciary stewardship
  • Chicago Blues
    • A case study for the fraud & rot soon to appear in cities across the US
  • Fracking's Legacy
    • From poisoned water tables to earthquakes
Image | The Dangerous Economics of Shale Oil
The Dangerous Economics of Shale Oil
by davefairtex

For years, we've been warning here at PeakProsperity.com that the economics of the US 'shale revolution' were suspect. Namely, that they've only been made possible by the new era of 'expensive' oil (an average oil price of between $80-$100 per barrel). We've argued that many players in the shale industry simply wouldn't be able to operate profitably at lower prices.

Well, with oil prices now suddenly sub-$60 per barrel, we're about to find out.
The Dangerous Economics of Shale Oil
 by davefairtex

For years, we've been warning here at PeakProsperity.com that the economics of the US 'shale revolution' were suspect. Namely, that they've only been made possible by the new era of 'expensive' oil (an average oil price of between $80-$100 per barrel). We've argued that many players in the shale industry simply wouldn't be able to operate profitably at lower prices.

Well, with oil prices now suddenly sub-$60 per barrel, we're about to find out.
Image | 2014 Year in Review
2014 Year in Review
by David Collum

I have not seen a year in which so many risks—some truly existential—piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. Groping for a metaphor—I love metaphors and similes—I feel like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows.
2014 Year in Review
 by David Collum

I have not seen a year in which so many risks—some truly existential—piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. Groping for a metaphor—I love metaphors and similes—I feel like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows.
Image | The Shocking Data Proving Shale Oil Is Massively Over-hyped
The Shocking Data Proving Shale Oil Is Massively Over-hyped
by Adam Taggart

Hooray, oil is suddenly much cheaper than it used to be. That's great news, right?

Not so fast. For certain it's not good news for those counting on a continued rise in US oil production from the "shale miracle". Many drillers were challenged to operate profitably when oil was above $70 per barrel. Very few will remain solvent with oil in the $50s (as it is as of this writing).

So, expect US oil production to suffer from these lower prices if they persist. But even if oil prices rise and rise soon, there's new data that indicates the total amount of extractable oil from America's shale plays is less — much less — than what we're being told (or better put, "sold").
The Shocking Data Proving Shale Oil Is Massively Over-hyped
 by Adam Taggart

Hooray, oil is suddenly much cheaper than it used to be. That's great news, right?

Not so fast. For certain it's not good news for those counting on a continued rise in US oil production from the "shale miracle". Many drillers were challenged to operate profitably when oil was above $70 per barrel. Very few will remain solvent with oil in the $50s (as it is as of this writing).

So, expect US oil production to suffer from these lower prices if they persist. But even if oil prices rise and rise soon, there's new data that indicates the total amount of extractable oil from America's shale plays is less — much less — than what we're being told (or better put, "sold").
Image | Richard Heinberg: The Oil ‘Revolution’ Story Is Dead Wrong
Richard Heinberg: The Oil ‘Revolution’ Story Is Dead Wrong
by Adam Taggart

With all the grandiosity of the media headlines touting our destiny as the new "Saudi America", many pundits have been quick to pronounce Peak Oil dead.

Here at PeakProsperity.com, one of the most frequent questions we've received over the past two years is: will the increased production from new "tight" oil sources indeed solve our liquid fuels emergency?

Not at all, say Chris and this week's podcast guest, Richard Heinberg. Both are fellows at the Post Carbon Institute, and you are about to hear one of the most important and most lucid deconstructions of the false promise of American energy independence:
Richard Heinberg: The Oil ‘Revolution’ Story Is Dead Wrong
 by Adam Taggart

With all the grandiosity of the media headlines touting our destiny as the new "Saudi America", many pundits have been quick to pronounce Peak Oil dead.

Here at PeakProsperity.com, one of the most frequent questions we've received over the past two years is: will the increased production from new "tight" oil sources indeed solve our liquid fuels emergency?

Not at all, say Chris and this week's podcast guest, Richard Heinberg. Both are fellows at the Post Carbon Institute, and you are about to hear one of the most important and most lucid deconstructions of the false promise of American energy independence:
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Just got my result that I’m C19 positive.
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