The “solar singularity” is the point where solar becomes so cheap in a majority of countries around the world that it is established as the default new power source. At this point, solar will very likely go vertical in its growth curve.
Another bail-in. this time senior Portuguese bank bond holders are on the hook to bail out another failed bank.
Bail-ins happening to Italian banks. Ellen Brown summaries how legislation puts depositors on the very bottom of the totem pole when a private bank fails.
Last week Congress ended the US oil export ban, ostensibly due to the over-abundant supply from tight oil. But the irony, as Art Berman explains, is that the US is far more economically vulnerable and dependent on foreign oil today than it was when cru …
The New Silk Road vision announced by China, even if half successful, would usher in a tectonic shift rocking the economic, geopolitical and monetary status quo, and will be the single most significant geopolitical development since the fall of the Soviet Union.
Faced with mounting losses in their bond portfolios and massive redemption requests, mutual and hedge funds begin suspension of any and all redemption requests. The next phase of the junk bond crisis has begun.
The recently released EIA global crude oil data gives a different perspective on the consumption side of the equation and serves as a good proxy for the relative state of the world economic regions.
This Strong Town article draws an identical analogy between a natural watershed and our road system. The same principle of flood control applies to both.
The trouble faced by not only shale oil companies but also Big Oil can be summarized in one chart from a recent BP presentation.
The first and necessary step towards a rational re-thinking of our transportation priorities involves the dispelling of the long held and common myth that drivers pay for the full cost of the roads they drive on.