11,000% Return: Trump’s $1 Billion Offer Could Yield $110 Billion Windfall for Big Oil
[Photo: Texas oil field courtesy Roughly Daily.]
By Jon Queally
Source: CommonDreams
[Photo: Texas oil field courtesy Roughly Daily.]
By Jon Queally
Source: CommonDreams
By Sharon Zhang
Source: Truthout
At the current rates of production, oil will run out in 53 years, natural gas in 54 years, and coal in 110 years, according to estimates from the 2015 World Energy Outlook study by the International Energy Agency. This forecast is predicated on the assumption that fossil fuels will constitute 59% of the total primary energy demand in 2040, even despite aggressive climate action policies.
[Photo: NordStream II pipeline route (Wikimedia).]
By Alan MacLeod
Source: MR Online
[Graphic: Adam Zyglis, The Buffalo News, NY]
By Elizabeth Anker
Source: By My Solitary Hearth
[Graphic: Israel’s Offshore Gas Fields. (Middle East Eye)]
Ramzy Baroud, PhD