The World Economy Is Becoming Unglued; Models Miss Real-World Behavior

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A common belief is that if the world does not have adequate energy, the result will be high prices. These high prices will allow more fossil fuels to be extracted or will allow renewables to substitute for fossil fuels.

In my view, the real issue is quite different: Inadequate energy supply of the types the economy requires can be expected to affect the economy in a way that causes it to become “unglued.” The economy will gradually fall apart as infighting becomes more of a problem. Goods won’t necessarily be high-priced; many simply won’t be available at any price. Political parties will fragment. Conflict within countries, such as the recent Wagner conflict with the military leadership in Russia, will become more common.

It has become fashionable to use models to predict the future, but simple models do not consider real-world dynamics. They don’t consider the importance of already existing infrastructure and the types of energy products this infrastructure requires. They don’t consider the importance of continuing food production. They don’t consider the dynamics of “not enough goods and services to go around.”

In this post, I will look at some pieces of evidence that suggest we should expect the world economy to become unglued as limits are hit. A corollary is that we cannot expect a transition to a world powered by renewables to work.

[1] It is easy to show that the energy supplies of a finite world will eventually fall short.

Anyone can model the energy supplies of a finite world as a bucket of sand and a scooper. If the scooper is used to remove the sand from the bucket, it will eventually become empty. If we start with a larger bucket of sand, perhaps the process can be delayed. Or, if we use a smaller scooper, the process will be delayed. But the result will be the same.

Back in 1957, Rear Admiral Hyman Rickover of the US Navy gave a speech in which he said,

For it is an unpleasant fact that according to our best estimates, total fossil fuel reserves recoverable at not over twice today’s unit cost, are likely to run out at some time between the years 2000 and 2050, if present standards of living and population growth rates are taken into account.

In this speech, Rickover pointed out the importance of fossil fuels to maintain our standard of living and to win wars. It was clear to the military that fossil fuel energy supplies were tremendously important in preventing future problems for the economy.

[2] History shows that economies tend to grow and eventually collapse.

Economies tend to operate in cycles, as illustrated in Figure 1.

Figure 1. My chart of the findings of Peter Turchin and Surgey Nefedov in their 2009 book, Secular Cycles.

The eight economies analyzed by Turchin and Nefedov moved into a new area or acquired a new energy resource. These economies tended to grow for a long periods, well over 100 years, until the populations hit the carrying capacity of the available resources. These economies were able to work around these resource limits during a period of Stagflation, which typically lasted about 50 to 60 years. Eventually, the problems became too great to be overcome. A Crisis Period of falling population and GDP, lasting 20 to 50 years, typically ensued.

[3] The world economy today seems to be following a similar cycle based on its use of fossil fuels. In fact, we seem to be in the Crisis Period of such a cycle.

Today’s fossil fuel-based world economy started growing at varying times, in various places around the world, becoming well established by the early 1800s. It seems to have hit a Stagflation Period between 1970 and 1980. Recent patterns in oil supply per capita, interest rates, and debt levels suggest to me that the world economy has entered the Crisis Period of the current cycle.

To me, oil supply, particularly crude oil supply, is exceptionally important in keeping the economy growing because it is heavily used in producing the food supply and transporting it to market. In fact, it is heavily used in transportation of all kinds. We can see what is going wrong by looking at the trend in crude oil per capita (blue line on Figure 2).

Figure 2. World oil supply per capita based on data of the US Energy Information Administration.

On Figure 2, a line is drawn at 2005, when many people believe that peak “conventional” oil was reached. The line at 2009 points out the long-term slide in oil consumption per capita between 2005 and 2009, related at least in part to the Great Recession of 2008-2009. There was another steep drop in crude oil per capita in 2020, and this drop has not been made up. Cutbacks in drilling and low oil prices suggest that per capita consumption may never recover to the 2018 level.

US interest rates over time indicate a clear up and down pattern, with increases to 1981, and mostly decreases since then (Figure 3). Raising interest rates is like putting brakes on the economy because it makes monthly payments on loans higher. Lowering interest rates is like pressing on the accelerator.

Figure 3. Interest rates of 3-month Treasury Bills, 10-year Treasury Securities, and 30-year Fixed Rate Mortgages, based on information of the Federal Reserve of Saint Louis.

The US was in a Stagflation Period after 1980. Lower interest rates helped push the economy along, at least until they could go no lower. The first place falling interest rates stalled was in 2008, when they hit zero for the shortest-term debt. About the beginning of 2021, interest rates started to rise, to try to stop inflation.

At the same time, the US’s ability to add to debt, except US government debt, seems to have stalled about 2008 and again in 2021.

Figure 4. US ratios of debt to GDP by sector based on data from the Federal Reserve of St. Louis database. Amounts for total debt and for Households (which includes not-for-profits, such as churches), Business Non-Financial, and Federal Government are from this database. Financial+ is calculated by subtraction.

The combination of Figures 2, 3, and 4 suggests that the world economy has been on shaky ground since 2008. The US economy has been operating with incredibly low interest rates. If the world loses the ability to hide energy problems behind ever-lower interest and ever-higher debt, (particularly government debt), many parts of the economy could start coming apart.

[4] The world’s total energy supply must increase at least as fast as population to keep the economy growing and away from collapse.

A couple of years ago, I did an analysis of the growth in energy consumption compared to the growth of population over the period 1820 to 2020. I found that when energy consumption was rising faster than population, there tended to be a rise in standards of living. When energy consumption grew only as fast as population, problematic things (such as wars and governmental collapses) tended to happen (Figure 5).

Figure 5. Chart by Gail Tverberg using data from several sources, in energy data from Vaclav Smil’s estimates from Energy Transitions: History, Requirements and Prospects, together with BP Statistical Data for 1965 and subsequent.

On Figure 5, the sum of red and blue areas represents world energy consumption growth by 10-year periods. The blue areas represent population growth percentages during these 10-year periods. The red area is determined by subtraction. It represents the amount of energy consumption growth that is “left over” for growth in standards of living. When growth in energy consumption was inadequate, wars tended to take place, and the collapse of the central government of the Soviet Union took place.

We are now at a point where energy consumption may decrease dramatically in future years, especially if we attempt to convert to a system based on intermittent wind and solar. The drop in energy consumption, relative to population, would likely be far worse than any situation we have experienced in the past. Besides being inadequate in quantity, wind and solar are not adapted to handling our most basic need, which is for providing the inputs farmers require to provide us with food.

[5] A key to understanding the role of fuels of the right kinds is understanding the physics-based way that the economy operates.

The economy is very much like the human body. The operation of both is governed by the laws of physics. The human body needs to consume a variety of food products. Alternative foods can be substituted, but the overall quantity of food needs to be sufficient for the population and their level of activity.

Likewise, the world economy requires a variety of energy products to operate. Substitutions can sometimes be made, but the overall quantity must be sufficient to support the activities of the economy, including providing adequate food and water for the population and ways to transport these items to the population that needs them.

There are other similarities, as well. Humans start out as small babies. Eventually, humans grow old. In the years leading up to death, they often become frail. The cycle downward at the end of an economy’s life is somewhat similar. Economies, even the world economy, cannot last forever.

[6] To build and maintain cities, it is necessary for energy to be easily storable.

In his book, Against the Grain, the American political scientist James C. Scott points out that in order for governments to grow and to provide infrastructure for cities, it is necessary to tax farmers. Grain is ideal for this; taxing a root crop such as sweet potatoes does not work well. Root crops are hard to see when they are growing. They also are harder to transport and store.

Clearly, farmers must have a surplus of storable energy to make cities and good roads work. They must be able to produce this surplus energy in a sufficiently profitable way that governments can tax it and use the proceeds for the benefit of the overall population.

I think that excess storable energy is the true “net energy” that some authors write about. A city cannot operate only when the wind happens to be blowing or the sun happens to be shining. Everyone would clog the roads at the same time, trying to get to a job that might last only a few minutes. Even today, if a city is to have electricity when it is needed, even in winter, there needs to be a storable supply of fuel to provide this electricity. Batteries cannot provide this level of storage; we would run out of materials.

Cities are essential for the sharing of ideas and for the operation of major industries.

We can have an economy of hunter-gatherers running on intermittent energy alone. We might even be able to have cities based on stored grain, as civilizations did in the past. But the population would need to be far less than today’s 8 billion.

[7] Both energy density and storability are needed if the world’s population is to be fed.

A farmer needs machines that are not so heavy that they will sink into the soil. Soil compaction is also an issue with heavy machines. If soil is compacted, water cannot make its way through the pores properly. Rain will tend to run off, causing erosion, instead of sinking in, to provide longer-term benefit. Soil compaction is already a problem with today’s large machinery. Less dense fuels, or the use of heavy battery packs, will make the problem even worse.

Energy dense fuel is also needed for the transportation of food. In fact, energy dense fuel, such as diesel or jet fuel, is used in nearly all of today’s very large vehicles. Heavy vehicles operated in situations that require very large bursts of power especially need energy dense fuel. Examples include semi-trailer trucks, buses that drive up steep hills, airplanes that need bursts of power to take off, agricultural vehicles that might get stuck in mud, and vehicles used in construction and road making.

Trains operating on smooth tracks, with limited gradients, don’t need the same bursts of power, so they are sometimes electric. Boats don’t generally need large bursts of power, but boats generally use an energy-dense liquid fuel to propel them on long journeys. Storing enough electricity in batteries to power such long journeys would be impractical.

The recently published 2023 Statistical Review of World Energy (now produced by the Energy Institute, instead of BP) shows that the heavier, more energy-dense types of burnable oil have been falling as a share of the world’s oil supply.

Figure 6. Chart shows that more energy dense types of oil products (sum of diesel, jet fuel/kerosene, and fuel oil) have been falling relative to the world supply of diesel or total liquids oil. All amounts used in the calculation are from EI’s 2023 Statistical Review of World Energy, except for world crude oil for 1980 through 1999, which is based on EIA data.

These heavier grades are the ones best suited to essential future energy needs, and they seem to be depleting the most quickly.

[8] Added complexity is deceptive. It looks like it can save energy, but it tends to increase wage disparities and makes the overall system more fragile.

Added complexity for an economy includes changes such as more built infrastructure (roads, dams, bridges), larger businesses, more specialization of workers, more international trade, and longer supply chains. It is easy for modelers to assume that these changes have no energy cost, but in reality, they do.

Changes enabling growing complexity go hand in hand with more debt and more financialization of the economy. With greater complexity, owners and managers of businesses, as well as highly trained workers, tend to receive a disproportionate share of the wealth. This means that little is left over for non-elite workers. These wage and wealth disparities lead to the unhappiness of the lower-paid workers. This is especially the case during economic downturns.

With added complexity, the system becomes more fragile. Supply lines become longer, so missing parts are more likely to be a problem. Repair parts for wind turbines may become unavailable, for example. The US grid would need massive improvements to handle the proposed increase in wind and solar power, and the demands of EVs. All of the simultaneous commodity demands may become too much for suppliers to meet.

Even changes in financial systems could be a serious problem. With the conflict over the SWIFT money processing system, will one group of countries start using a different financial exchange program, such as Iran’s financial messaging system SEPAM? Will Western nations find themselves cut off from purchasing inputs they depend upon?

[9] Modeling underlying the analysis for the 1972 book The Limits to Growth shows that (total materials required for reinvestment each year) as a percentage of (total economic output) is an important limit.

Somehow, the economy must provide enough goods and services both for the needs of the current members of the economy and for the investment needed to keep the system operating in the future.

The economy is squeezed in three different ways:

  • The population keeps growing, and each person needs food, clothing, and a variety of services.
  • Resources of all kinds (not just fossil fuels) become more difficult to extract due to depletion. More of the output of the economy needs to go into investment, just to get the same quantity of copper, lithium, nickel, and minerals of all kinds, including fossil fuels.
  • With the rising population and increasing resource use, pollution becomes a bigger problem. Mitigation efforts lead to a need to use more resources to keep pollution away from humans.

To keep the system operating, we cannot spend very much on the combination of resource extraction and pollution control, or there will not be enough resources left to meet the needs of the growing population.

This combination limit tells me is that a rapid transition of any kind toward any new energy type, even toward the use of “green energy,” is not likely to work well. There is a reason why past transitions to new energy types have been very slow. The economy cannot invest enough without starving other parts of the economy.

Some people have interpreted this combination limit as an Energy Return on Energy Investment limit of perhaps 10:1, but it seems to me to be a far more serious limit than this. At a minimum, all types of resources, including those for backup batteries and additional long distance transmission lines, must be included in any calculation for renewables.

Also, to keep the system operating, any shift from fossil fuels to renewables cannot have a delayed payback period, relative to fossil fuels, or the huge up-front investment will become a problem. The up-front investment in renewables will be higher, but there will not be enough output to support the economy. The “real” economy does not operate on an accrual basis; people need to eat every day, and aluminum smelters expect to operate every day.

As I mentioned previously, renewables aren’t really helpful for growing food. Nor are reliable enough to power aluminum smelters, so there is a real issue as to whether they should even be considered as possible substitutes for fossil fuels. They are simply add-ons to the fossil fuel system to avoid having to talk about our fossil fuel supply problems. Reframing the issue as “wanting to move away from fossil fuels to prevent climate change” saves having to talk about the inadequate fossil fuel supply problem, and the fact that fossil fuels are what make today’s lifestyle possible.

[10] Energy prices must be both high enough for producers to make a profit and low enough for consumers to afford goods made with these energy products.

It is the conflict between the needs of consumers and producers that tends to bring fossil fuel energy production down. Consumers say, “We can’t stand oil (or natural gas or electricity) prices this high, and demand that politicians hold prices down.” In fact, this just recently happened in Australia with natural gas prices. Without an adequate profit motive, drillers cut back on drilling and production falls.

Renewables have gotten mandates and subsidies, especially the subsidy of going first on the electric grid. It is these subsidies and mandates that have made investments in wind turbines and solar panels attractive. Once governments have more financial problems and these subsidies disappear, owners are likely to stop making repairs to these systems. They will not last longer than fossil fuel-based systems, in my opinion.

[11] Conclusion: We are in uncharted territory.

I mentioned that the Great Recession of 2008-2009 seemed to mark the beginning of the downturn. More financial problems are no doubt ahead, but other kinds of strange events may also occur.

It seems possible that Covid, its vaccines, and the restrictions in 2020 may even have been part of the “ungluing.” Self-organizing physics-based systems act strangely. World oil supply started declining in 2019. Militaries around the world have been concerned about fossil fuel limits for many years. Militaries have also been deeply involved with germ warfare. Economies around the world were experiencing financial problems. The shutdowns conveniently reduced demand and prices for oil, while giving economies around the world an excuse for more debt. The problems were kicked down the road until 2022 and 2023, when they reappeared as inflation.

We can’t know what lies ahead, but it may be very strange, indeed.

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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3,059 Responses to The World Economy Is Becoming Unglued; Models Miss Real-World Behavior

  1. Fred says:

    Evil dictator Putin strikes again. What a monster that man is.

    https://www.bitchute.com/video/OROngqVRgC9O/

  2. Fast Eddy says:

    Juss like the bag who collapsed at the restaurant on Sunday https://thechadrabbit.substack.com/p/the-rise-of-the-medical-emergency-faf

    From Tommy’s site (norm hates tommy)

    An Algerian immigrant illegally living in the UK who raped a university student in a terrifying city centre attack has been jailed for eight and faces deportation.

    Marwen Darwish, 23, found the victim drunk and distressed in Newcastle, then carried her into a secluded alleyway and raped her.

    https://www.dailymail.co.uk/news/article-12263477/Illegal-Algerian-migrant-raped-drunk-student-Newcastle-jailed-faces-deportation.html

  3. Vern Baker says:

    I’m not liking what I am hearing about the Ukraine cutting off power to a nuclear power plant.

    • Fast Eddy says:

      Oh don’t worry about that – it’s all fake.

      If they were gonna go that far they’d take out all the hydro dams… and throttle back on gas to the EU.

      You are being played by cnnbbc – surely by now you would know they lie … always

      • Vern Baker says:

        I presumed none of this was on TV. The theory here was that Article 5 would be invoked with NATO countries, and then this ride down would continue on the next step lower.

        Im perplexed that you see it as being 100% fake. There is certainly evidence of strange goings on, but we have seen loads of drone footage and battle scenes from Russian sources.

        • Fast Eddy says:

          it’s not totally fake … that clip from the drone where a tank was blasting away at a half demolished building with no soldiers in it — no opposition whatsoever — no dead bodies…. that was real…

          You need some photo op stuff… CGI is expensive

    • This is a link from July 3 that I posted earlier, saying that power had been restored.
      https://world-nuclear-news.org/Articles/Zaporizhzhia-reconnected-to-back-up-power-line-aft

      These lines seem to go up and down frequently. Without outside electricity, a nuclear power plant cannot restart; I understand that this is the major issue with a lack of power lines in. (Or with outside power down.)

  4. Hubbs says:

    Surfing through my life’s nightmares, I came across this on YouTube. At least this post not one of my wild digressions, although my comment on YouTube is, and will no doubt be censored shortly. Oh, the folly.
    https://www.youtube.com/watch?v=TAUZ3WE066o
    I was thinking of you FE when I started posting the first words…..

    HZilla@hzilla5550
    1 hour ago (edited)
    “Ha ha. I keep one step ahead of folly. I grew up in Buffalo, NY where the Tesla solar plant went belly up, then when I came down To Elizabethtown KY to practice orthopedics in 1987-94, my ex, from Leitchfield, an anesthesiologist, refused to work once we relocated back close to her home, resulting in me having to file for divorce. She ran around on me and cleaned me out in a divorce thanks to the incompetence of attorneys David Van Zant and Harold K Huddleston, Commissioner John Seldomridge and Judge Hugh Roark, Hardin County Division II were the judicial equivalent of dumb and dumber. All you would expect in KY. The most fundamental statutes KRS 403.200 and 403.160 were ignored. An anesthetic related death occurred at Hardin Memorial Hospital during this time while I was having to do my ex’s job in violation of the statutes.
    So now it is only a matter of time before KY , and the rest of the world, realize that EVs and the batteries that are needed to power them are a financial and resource black hole. Follow the energy pedigree and the fragile US grid, which will not support the needed chargers. But that is the plan all along.:To close down internal combustion powered cars, using EVs as the carrot. When the EVs go bust, and are unaffordable and impractical, the people will be left with no transportation, and will be confined in 15 minute cities with bicycles or walking. Go ahead and censor this but perhaps these buildings can be converted to chicken slaughter houses in 10 years. The stupidity, gullibility, political incompetence and palm greasing in KY is off the charts.
    1 reply
    @hzilla5550
    @hzilla5550
    53 minutes ago (edited)
    The world is relying on child labor, especially in the Congo, to dig for the Cobalt that is needed for the batteries. Hand tools and sack and buckets. But Greta claims she lost her childhood, but apparently not these child slaves. “How dare you!”

    • This is pretty much the nature of the story:

      But the plan all along.:To close down internal combustion powered cars, using EVs as the carrot. When the EVs go bust, and are unaffordable and impractical, the people will be left with no transportation, and will be confined in 15 minute cities with bicycles or walking.

      • Fast Eddy says:

        I wouldn’t worry about that… we’ll be dead before any of that happens

    • Fast Eddy says:

      You know those fishbowls in Bangkok?

      I reckon Greta should be forced to do a 3 month stint in one of those… to give her some perspective

      http://www.tracyctran.com/wp-content/uploads/2013/01/Fishtank.jpeg

      BTW – back in the day — Fast had a job in HK — and one of the colleagues was a silver spoon pc of sh it… her hall of fame comment was ‘I don’t know how people travel all the way to Canada in cattle class’ (daddy of course paid for her tickets…)

      Anyway — we are in the staff room and one older guy (he’s fat and grizzled and no doubt has done a fair bit of fishbowling) says — that bitch — I’d like to see her forced to work in a Thai fishbowl… servicing a dozen customers per day… hahahahaha we all laugh…

      Turns out she overheard this … and more — and had a breakdown that required treatment… she never returned to work after that… F789 Yeah!

      RIP Frank you old buzzard…

  5. Fast Eddy says:

    Well this is strange – I though this library was badly torched https://t.me/c/1588731774/18434

    It’s opening shortly…
    https://provence-alpes-cotedazur.com/en/offers/alcazar-library-bmvr-marseille-1er-en-2865015/

    Is it even the same building?

    Hahaha… The Purge

    https://youtu.be/xOrXpK-rUaI

  6. davidinamonthorayearoradecade says:

    check this out:

    https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

    April 2023 US crude oil production was 12,600,000 barrels per day, closing in on the November 2019 record of 13,000,000 barrels per day.

    that’s “crude”, doesn’t include Natural Gas Liquids etc.

    sure, the April 2023 “crude” is slightly less dense/slightly lower quality than in 2019.

    good thing Canada has HEAVY oil to blend with the US “crude” in US refineries.

    win/win for Canada and the US, thank you Mother Nature.

    • Fred says:

      Slava USA!

      Get in that truck and drive baby, drive!

    • ivanislav says:

      Isn’t tight oil about 7mbpd of that? Going back to 5.2mbpd from 12.2mbpd is gonna be quite the experience!

      • Ravi Uppal says:

        Smoke and mirrors , The oil is like this
        Lower 48 conventional 1.5 mbpd ( thousands of stripper wells)
        Alaska 0.5 mbpd
        Gulf of Mexico 1.5 mbpd
        Total real oil is about 3.5 – 4.0 mbpd
        Shale is about 7.5 mbpd (45 -50API)
        5 mbpd is NGL , NGPL , biofuel and some crazy thing called refinery gains .
        The real black goo is only 3.5-4.0 mbpd . The rest is used for making plastics , feedstock for chemical plants , additive etc .

        • See my comment here about the contribution of the draining the Strategic Petroleum Reserve. It adds about 400,000 barrels per day of production, somewhere, in US total production. I wouldn’t think it would be in weekly or monthly field production, but it somehow must get into the total, I would think.

        • davidinamonthorayearoradecade says:

          “The real black goo is only 3.5-4.0 mbpd . The rest is used for making plastics, feedstock for chemical plants, additive etc.”

          no that is not correct.

          the 5 mbpd NGLs are used for plastics etc, mainly the portion that is C2H6 ethane.

          API 40 to 50 is real oil, just the lighter end.

          I seriously doubt that you can substantiate that 45-50 API is not really crude oil.

          US real black goo production is 12 mbpd.

          and, does Canada not exist in your world?

          Berman ignores Canada, and why?

          Canadian oil is VERY HEAVY.

          thank you Mother Nature, a perfect combination for blending heavy CA oil with light US oil in US refineries.

          huh, no diesel shortages in the US now, gee I wonder what the inputs are to US refineries to produce sufficient diesel for the entire US.

          oh wait, US imports about 4 mbpd from Canada.

          • Ravi Uppal says:

            Grades of oil as per API . Above 45 is condensate . Of course EIA and IEA will keep on changing the goal post and include used cooking oil in the definition of oil in the future .
            ” A higher API indicates lighter oil. Fresh water has a gravity of 10° API. Heavy oils have less than 25° API, medium oils have 25 to 35° API, light oils have 35 to 45° API, and condensates have more than 45° API.—–25 Feb 2016
            Out of the 7.5 mbpd produced almost 3.75-4.0 mbpd is exported as US refineries are not configured to use it .

            • What the world needs is diesel. It doesn’t come from the very light oil.

              The very light oil can sometimes be mixed with heavier oils elsewhere, I believe. But the condensate, the stuff that is very light, is close to worthless.

            • davidinamonthorayearoradecade says:

              okay “Feb 2016”, I thought I saw more recently that 35 to 50 was light oil and condensates could be 45 ish and up, there is a bit of overlap.

              and yes perhaps they moved the goalposts.

              “Out of the 7.5 mbpd produced almost 3.75-4.0 mbpd is exported as US refineries are not configured to use it.”

              this is a good point.

              of the 12 mbpd, about 4 mbpd of the lighter stuff is exported, and about 4 mbpd of heavy Canadian is imported.
              (it doesn’t have to be equal numbers, but recently it happened to be the case.)

              because US refineries need a heavier blend than what would exist from just US production.

              and it works out great, thanks Canada and Mother Nature.

              12 mbpd goes in refineries, and 13 mbpd comes out, in a very good proportion of what US users need for gasoline, diesel, jet fuel.

          • Very heavy oil can be “cracked” to make diesel. It is an expensive process, however.

    • From the link you provide, I notice that April’s production is 12,615,000 barrels per day compared to 12,717,000 bpd in March. So production is not headed in the right direction, based on a very small sample of one month.

      There is another report called 3.1 Petroleum Overview from the Monthly Energy Review. It gives data through May. There is a PDF version that does not give all of the detail for 2019. https://www.eia.gov/totalenergy/data/monthly/pdf/sec3_3.pdf
      You can get the detail for 2019 by downloading the Excel version of the report. It gives the following view of oil production in barrels per day:

      November 2019 13,000,326 barrels per day

      It gives the following production:

      February 2023 12,525,077
      March 2023 12,695,529
      April 2023 12,276,667
      May 2023 12,274,194

      This trend is not in the right direction.

      Weekly estimates of production have not been rising. Weekly estimates of production have recently been at 12,200,000. There will be a new estimate out tomorrow. I said in a different comment that there would be new estimate out this afternoon; I think we will have to wait until tomorrow because of the holiday.

      • davidinamonthorayearoradecade says:

        cool, please post the updated numbers if you see them.

        sure, the prediction for a new record high in July was probably after the March numbers were released.

        I won’t be crying if the 13 mbpd record doesn’t get eclipsed.

        12 mbpd is great production for 2023.

        the additional 5 mbpd of NGLs is quite good also.

  7. davidinamonthorayearoradecade says:

    Sam and other friends:

    https://www.wsj.com/livecoverage/stock-market-news-today-01-12-2023-cpi-report-december-inflation/card/u-s-breaks-liquid-fuel-production-record-niDgZlvkHnx4va8I0zTr

    “The U.S. broke its own liquid-fuels-making record in 2022, according to the Energy Information Administration, despite not having yet recovered to pre-pandemic level of crude oil production.

    According to EIA data and estimates:

    U.S. crude oil production was 11.87 million barrels per day in 2022, down from its record high in 2019 of 12.31 million per day.

    But the total volume of liquid fuels produced—which includes natural gas liquids such as propane, biofuels like ethanol, and the gains refineries add when they convert crude to fuels like gasoline—reached 20.27 million barrels per day, breaking the country’s 2019 record of 19.54 million.

    The main driver of 2022’s outperformance was a surge in the production of natural gas liquids, which was 1.13 million barrels per day more in 2022 than in 2019, which more than made up for crude oil’s decline.”

    • davidinamonthorayearoradecade says:

      this WSJ article isn’t trying to sugarcoat anything, but they straight out say that the 2022 record is due to higher NGL production.

      check out the graph at the top:

      5 MILLION barrels per day of NGLs.

      because though NGLs are NOT as valuable as crude, there is still lots of economic value in using them, otherwise why would US companies be using 5 million barrels of NGL per day?

      CH4, C2H6, C3H8, C4H10 etc… that’s hydrocarbons!

      methane, ethane, propane, butane etc.

      you’ve heard of methane = natural gas.

      the others are NGLs, “Liquids”, and add to the economic value of producing natural gas.

      the US is totally rocking with FF production in 2023.

      • Ravi Uppal says:

        Oil is oil and blood is blood . Quantity will remain the same ,but quality —-? . When you go in for blood transfusion better make sure that you have the correct blood type (A , B , AB or O ) . Get the type wrong , the patient dies . Not all oil is the same .Just like cooking oil — Italian food use olive oil , Thai food use chili oil , South Indian food use coconut oil , North Indian food use Ghee and you want a pickily flavor use mustard oil . They are all oils but not interchangeable . Detail matters .

        • Agreed.

          And build your system to use only the best oil (diesel) for everything, including private passenger automobiles, you are likely heading for problems.

    • Sam says:

      Oh … so no energy problem!! Maybe I will go out and buy that F-450 !!
      Daddy’s got a large Costco run!!! BAU baby!!!

      • Sam says:

        Do F-450’s run on methane? Maybe Elon can make it work… he is so magical 🤩

        • davidinamonthorayearoradecade says:

          do F-450s run on the diesel produced in US refineries after they blend fracked oil (Light Tight Oil LTO) with the heavy imported Canadian oil?

          I hope you have now learned some answers.

          I’m always here to help. 😉

          don’t be shy with questions.

          I Am the Answer.

    • Natural gas liquids are of very low value, in general. They are not what drillers want.

  8. Fast Eddy says:

    Idea for a Game Show … Death Wheel … the contestants compete to see who can take the most Rat Juice shots till they drop dead or are unable to continue due to severe vax injuries…

    I can see it now — one of the contestants opts to shoot some Moderna – a double dose … and collapses to the floor having seizures… like a boxer being counted out …

    The audience screams their support as the Vaxxer staggers to his feet… and declares More Boosters – the crowd goes f789ing nuts! The announcers swoon over the gritty performance…

    And the show goes on till all but one are dead.

    norm might win

  9. Fast Eddy says:

    Shock – Awe

    In a series of posts, Castro, a member of Congress since 2013, said he initially wondered how much time he’d have left with his children.

    “My younger daughter turned two months old on the day of my accident. I wondered how much longer my kids would have their dad around,” Castro wrote.

    Castro had surgery in February to remove tumors from his gastrointestinal tract.

    “I could hardly pronounce “neuroendocrine” tumor, a rare form of cancer, when I got to MD Anderson in mid-July 2022,” Castro tweeted. “But I knew that any tumor spreading across your body isn’t good. I hadn’t told many people about my diagnosis even as so many things raced through my mind.”

    The Glastonbury crowd sang back to an emotional Lewis Capaldi as he struggled to finish his set on Saturday (24 June). Fans could be heard belting out “Someone You Loved” as the Scottish star suffered with vocal problems. Capaldi was clearly emotional as the massive crowd sang his hit back to him, and later admitted that he made need to take another break from performing. “I feel like I’ll be taking another wee break over the next couple of weeks. So you probably won’t see much of me for the rest of the year, maybe even,” he said.
    “But when I do come back and when I do see you, I hope you’re still up for watching us.”

    https://markcrispinmiller.substack.com/p/sarah-duchess-of-york-has-breast

  10. Fast Eddy says:

    Think ominous music… as you read this (from a mate in Vancouver):

    On another note, given costs of materials / permitting / labour etc, one of our builder clients in W Van was telling us that average home builds he works on are now $1,000 / sq ft. Wow, so it costs $2,500,000 to build a 2500 sq ft house and then add in the land? crazy. I hope this is a West Van thing.

    Gotta be at least 500k for the land….

    Apply an 8% financing cost on that sucker… I’m seeing $17,611 monthly payments on a 30 yr mortgage… 20% down on a 3M house + land.

    https://www.westpac.co.nz/home-loans-mortgages/tools-resources/mortgage-repayment-calculator/

    And rates are likely to go higher — as are build costs…

    Soooo EEeeeeee!!! All the way down…

    If you pull the trigger now it will go Boom.

  11. moss says:

    Germany’s central bank may need a bailout to cover losses on the debt it hoovered up as part of the European Central Bank’s (ECB) massive bond-buying programme, the country’s federal auditor has warned.
    The Bundesrechnungshof said losses faced by the Bundesbank on more than €650bn (£570bn) of bond purchases were “substantial” and “could necessitate a recapitalisation with budgetary funds”.
    Steep rate hikes by the ECB meant that the Bundesbank suffered a €1bn hit to its bond holdings last year alone.

    telegraph.co.uk/business/2023/06/26/german-central-bank-bailout-money-printing-spree/

    It appears that only a €1bn 2022 “hit” is not mark to market the capital loss, it’s the difference between the low yields of the bonds they liquified and the interest payments being made on their deposits from commercial banks. Pulling back the curtain of revaluation??? Don’t hold your breath.
    but the elephant is: who needs friends when you’ve la guarde tra lah, tra lah

    Yet, in this infinitely amusing Telegraph article, it’s also suggested in the UK losses will be booked at “around £30bn annually over the next three years alone” by the BoE, which are the responsibility of the lucky taxpayer. That appears more like what mark to market losses should look like.
    disclose.tv/id/48dwcyelcq/ unpaywalled

    Just curious, but I understand on the BoJ balance sheet are almost all the nip GB market.
    Any one here an idea of what the BoJ’s mark to market losses could be on this?
    kshitij.com/images/graph-gallery/bond/jpysin00_files/Yen Yields_5627_image003.gif

    • So, the issue isn’t a “mark to market risk,” it is the problem of not getting enough interest on the old bonds to satisfy the higher interest rates required to be paid on today’s deposits.

      I don’t know how that would work out for Japan. It has at least somewhat higher interest rates on long term debt now.

      https://kshitij.com/images/graph-gallery/bond/jpysin00_files/Yen%20Yields_5627_image003.gif

      I would imagine most bank depositors are being paid rates at shorter terms than 5 years (which is the shortest term shown on the graph). If the interest rates on, say, 1-year debt are quite high, this could be a problem.

      Short-term rates are now quite high on government debt in the US, I know. Usually, banks can “borrow long and lend short,” and this comes out fine. But not if short-term rates are very high.

      • moss says:

        “borrow short and lend long,” no?
        Yes, with this practice the inverse yield curve becomes problematic.

        The mark to market becomes a huge issue for bank balance sheets when banks liquidity and trading bonds (held at market price) are sold to meet withdrawals and they then have to start disposing of their long term assets (held at purchase price) and book the losses

      • moss says:

        that’s what caused the demise of SVB
        For central banks:
        QE = buying bonds from commercial banks to inject liquidity
        If the bonds are purchased as longterm assets, they’re accounted for at purchase price
        QT = selling bonds, and if held as longterm, when sold losses (if sold at higher yields) are brought to acct

        go la guarde; go, go

        • You are right about QT being a problem. The lower value of bond holdings becomes “realized,” when the bonds are sold. That issue will affect banks doing QT everywhere. (Insurance companies do something somewhat similar.)

          As I recall, the SVB problems partly related to the tech industry doing less well. The tech industry needed fewer new loans, and it made fewer new deposits with these loans. I suppose that this could be part of Germany’s problems with its ailing industry.

          SVB’s big problem occurred when depositors decided the bank wasn’t really safe, especially for the many with uninsured deposits. I suppose that there could be a “flight to quality” for Germany.

          Another issue would seem to be interest rate differentials among countries. The US seems to be paying higher interest rates than either Germany or Japan. If the US is also perceived as safer for investments, this could be a problem as well.

  12. Fast Eddy says:

    Hahaha he has so many talents… https://t.me/downtherabbitholewegofolks/80950

    Ya think it might all be … fake? Come on … they are playing ya’ll and mocking you

    Grow up

  13. Fast Eddy says:

    NEW 🚨 Macron suggests fines for parents of children caught rioting

    READ: https://insiderpaper.com/macron-suggests-fines-for-parents-of-children-caught-rioting/

    Great Idea! Primary reason for rioting is they can’t afford food — so compound the problem hahahahaha

    Mass D

    Bank of England, which is currently under fire for repeatedly hiking interest rates, now says people of any gender identity can be pregnant.

    https://www.disclose.tv/id/yo1y6efz28/

    • I suppose the first link is about parents not keeping their teen-agers under good enough control. Of course, if part of the problem is not enough money, a fine will make the situation worse.

      • Fast Eddy says:

        the parents likely gave the kids the Bic lighters… with instructions – burn them

    • Fred says:

      Douglas Macgregor pointed out a fact I didn’t know. He said if you’re a child born in France of parents without French citizenship, you don’t get to become a citizen automatically.

      So a lot of the people running around smashing the place up are not strictly speaking French.

      Key point: Because they’re not citizens they don’t get benefits, thus when the economy turns down they get pissed off double quick.

      • Fast Eddy says:

        Well then … I can see why they’d want to burn it down!

        Or are they just trying to pull a ‘Gladiator’ scene on us and provide entertainment?

  14. Fast Eddy says:

    Two down … same race hahaha

    https://t.me/downtherabbitholewegofolks/80922

    MAN DIES GC MARATHON 🇦🇺🏃‍♂️
    Tragically that has also been a fatality in the same race.

    “A man has died after collapsing while running in the Gold Coast Marathon (https://7news.com.au/news/gold-coast). (https://7news.com.au/news/gold-coast)

    The French national reportedly suffered a heart attack on the course and was taken to Gold Coast University Hospital in a critical condition after failing to finish his race on Sunday.”

    https://7news.com.au/sport/athletics/man-reportedly-dies-after-collapsing-during-gold-coast-marathon-c-11163564.amp

  15. Fast Eddy says:

    Just for fun – send this https://expose-news.com/2023/06/30/four-nz-rugby-players-critically-injured/

    To https://www.nzrugby.co.nz/about-nzr/contact-us/

    With a note about how the vaccines are deadly

    Like I said .. just for fun

    • Venture capitalist are no longer able to propel valuations of their new start ups to lofty levels quickly.

      When interest rates were practically zero and money was very easy, the kinds of ventures that got propelled to high levels included, “Crypto, Blockchain, Fintech, AdTech, Saas, Marketing Tech, Clean Tech, etc. ” beside AI.

      I expect that goofy “save the world” energy projects are having a difficult time now, too.

  16. Ed says:

    This is because the country has, through the influence of the Maori people, sustained a large portion of its pre-colonization and native identity, which has made it an English-speaking country with Polynesian characteristics.

    https://www.rt.com/news/578947-new-zealand-china-five-eyes/

    title of article
    Why New Zealand remains the ‘wonky eye’ of the Five Eyes

    • According to the article,

      So who do you sell it to? You sell it to the country that has a population so large that it cannot feasibly satisfy all of its food demands with the land it has – China. This gives New Zealand a trade surplus so large, over $20 billion to be exact, that it allows the country to prosper. If China is taken out of the equation, things will go downhill quickly. Therefore, why would you premise your foreign policy on antagonizing Beijing?

  17. Fast Eddy says:

    hahahaha ‘merica – f789 yeah! https://t.me/leaklive/14994

  18. Fast Eddy says:

    There Is NO Coincidence; Childhood Vaccines Cause Chronic Illness

    Huge Rise In Childhood Illness Since The Childhood Vaccine Schedule Increased

    •Babies in the UK and USA receive over 20 vaccines by 16 weeks
    •Over 30 vaccines by age 4
    •72 vaccines before age 16

    Since the Childhood Vaccine Injury Act the numbers of children with chronic and developmental disability has risen from 12% to 54%

    NHS vaccine schedule (https://www.nhs.uk/conditions/vaccinations/nhs-vaccinations-and-when-to-have-them/)
    US vaccine schedule (https://www.cdc.gov/vaccines/schedules/downloads/child/0-18yrs-child-combined-schedule.pdf)

  19. Fast Eddy says:

    🇫🇷 What could go wrong? Olympic flame set to pass trough immigrants suburbs

    👉🏻 On July 15, 2024, the flame will pass through Porte de la Chapelle and Goutte d’Or, to «share with the whole world what makes Paris so rich», according to Paris’ mayor.

    🔎 Porte de la Chapelle has been renamed ‘crackland’ (https://www.youtube.com/watch?v=1fpMLWMLfG4) by the locals, and Goutte d’Or has ‘large numbers of North African and sub-Saharan residents’, as mentioned on its Wikipedia (https://en.wikipedia.org/wiki/Goutte_d'Or) page.

    Mike Yeadon is losing his grip https://t.me/DrMikeYeadon/1443

    Reject all vaccines https://t.me/childcovidvaccineinjuriesuk/2857

  20. moss says:

    During the break, one of the most underreported financial moves to cement the establishment mouthpiece was the changing of the guard at the UK Daily Telegraph a week ago, now in the grip of Lloyds Bank as £1.2 billion debtor in possession. The inestimable John Ward does a little digging on political chains and meditates on broader possibilities.
    therealslog.com/2023/06/29/hypocrisy-and-hyperbole-whos-got-a-hold-on-who-at-the-daily-telegraph/

    His investigation concludes:
    None of this is “wild conspiracy theory”. As the Buddhists say, “Everything is connected”. Keep a close eye on this one: people at the very highest pay level have an interest in protecting Lloyds Bank as representative of a false Truth to which, it seems, we must all pay homage….as indeed others have a motive for keeping the Telegraph Group “doing its job”.

    Someone, somehow, somewhere took the decision to repossess The Telegraph, despite Lloyds having £17billion of profitable working income and very little chance of retrieving more than 50% of the loan allegedly in default.

    Sometimes I wonder about the future of print MSM (assuming a future). Past comments here about newspapers have indicated little cause for optimism of growth in either advertising volumes or readership, shrinkage has been leading to consolidation, slimming down of page numbers … ownership cannot be a profitable enterprise in these days, or predictably for the assumed future.

    • Yes, there is definitely shrinkage in print readership. Inflation would seem to make the situation worse. Also, concern that only one side of the story is being told. This is the same issue hitting network television viewership, I expect.

    • Fred says:

      The shrinkage in leadership is because they only print unmitigated BS and propaganda. Only good for NPCs and hivemind members.

      The Hive Mind

      These worker bees live by a strict code manifesting as hive mentality and no matter what, obedience to the Queen supersedes all else; especially independent and critical thinking. These worker bees live by a strict code manifesting as hive mentality and no matter what, obedience to the Queen supersedes all else; especially independent and critical thinking.

  21. Fast Eddy says:

    Excellent

    After a demand that the department of Health and Human Services produce a single study that compared the safety of a vaccine on the childhood immunization schedule with a true placebo went unmet, Kennedy and attorney, Aaron Siri, sued them. In a written response received more than a year later the HHS did not a cite a single study while instead claiming that:

    “Inert placebo controls are not required to understand the safety profile of a new vaccine, and are thus not required.”

    This stupefying claim made by Melinda Wharton, MD, MPH Acting Director, National Vaccine Program Office should be attacked on podcasts and publications everywhere. How do you know that a new vaccine is safe if it isn’t tested against an inert placebo, Dr. Wharton?

    If you are someone who is willing to abandon basic logic and trust every single word spewed by our agencies of public health, ask yourself, why then does the FDA demand that medicines be tested against placebo to ensure safety prior to licensure?

    https://madhavasetty.substack.com/p/dr-paul-offit-lets-us-know-that-the/

    • This whole thing of vaccine safety is something we don’t think about, but is probably important. The article links to another post, which says,

      After 30 years of observation, it was shown that children [in Africa] vaccinated with the DTP shot were dying of other causes at 10 times the rate of the unvaccinated.

      We don’t think about a vaccine possibly causing some other problem.

      Autism associations (to which I have belonged) have tried in the past to suggest that something might be wrong with the vaccines, but the medical community has absolutely denied any possible connection.

      • Fred says:

        RFK Jr absolutely nails the vax-autism link in his Rogan interview.

        Intentional Suppression of the vaccine Autism Signal

        Kennedy goes on to tell the story of a secret meeting organized by the U.S. Centers for Disease Control and Prevention in 1999 after they conducted an internal study of their database, which contains the medical records, including the vaccination records, of 10 million children from the 10 biggest HMOs.

        Specifically, they wanted to know whether mercury-containing vaccines might be causing autism. One of the first comparisons of health outcomes was done on the hepatitis B vaccine.

        The data showed that infants who had received the hepatitis B vaccine within 30 days of birth had a 1,135% higher risk of autism compared to infants who either did not get the hepatitis B vaccine at all or received it after 30 days of age.

        > > > > “At that point, they knew what caused the autism epidemic,” Kennedy told Rogan, because “that’s a relative risk of 11.35, and a relative risk of 2 is proof of causation.”

        As panic spread through the industry, the CDC put together this secret meeting at a retreat center in Georgia. It was intentionally held outside the CDC campus to circumvent FOIA laws. The meeting included representatives from all the major vaccine companies, regulatory agencies that administer vaccines, the U.S. Food and Drug Administration, the National Institutes of Health, the Health and Human Services Department and leading academic institutions that conduct clinical trials.

        The first day was spent discussing the reality of the problem, and the second day was spent discussing how to hide it. While the meeting was held in secret, someone did record it and, in 2005, Kennedy obtained a copy of it.

        You can read the transcript on the Children’s Health Defense website. https://childrenshealthdefense.org/government/federal-agency-documents/simpsonwood-documents/

        Early on in that 286-page transcript, we find the following admission by Walter Orenstein, then-director of the National Immunization Program at the CDC:

        “Initial concerns were raised last summer that mercury, as ethylmercury in vaccines, might exceed safe levels … Analysis to date raise some concerns of a possible dose-response effect of increasing levels of ethylmercury in vaccines and certain neurologic diagnoses.”

        What happened to this safety signal? As explained by Kennedy, it was intentionally “vanished” by reworking the study four times, using statistical tricks. After the fourth iteration, the signal linking thimerosal with autism and a half dozen other neurodevelopmental disorders were no longer detectable.

      • Xabier says:

        For those willing to look, the curtains have truly been drawn aside on these issues.

        The lack of true control groups in trials is a wonderfully convenient racket, of which the rush o vaccinate the control group in the Covid vaxx trials once emergency authorisation had been granted – and then stuff those ‘safe’ vaxxes into entire populations – is only the most recet example.

        Physicians denying any responsibility for harm caused is perhaps the oldest tradition in that noble profession.

        One suspects that before civilisation, shamans got up to the same tricks, but with less chance of getting away with it.

  22. Fast Eddy says:

    Oh wow… she almost died…

    Madonna has been rushed to a New York City hospital after being found unresponsive, Page Six has exclusively revealed. The pop icon, 64, was discovered at a residence on Saturday before being admitted to the ICU where she was intubated overnight. Madonna’s longtime manager, Guy Oseary, shared on Instagram Wednesday that his client had “developed a serious bacterial infection which led to a several-day stay in the ICU.” The “Vogue” crooner is now out of the intensive care unit and recovering in a regular ward of the unidentified hospital.

    Simon Cowell, the normally sharp-tongued judge of ‘America’s Got Talent,’ again lost his voice during Season 18 of the show. Fans are wondering what happened to Simon’s voice after his fellow judge, Sofia Vergara, had to relay instructions for him to the performances only last week.

    Social-media influencer Gena Tew has shared details of a major boost in the CD4 count, a type of immune cell attacked by HIV, in her blood.

    AIDS or VAIDS?

    https://markcrispinmiller.substack.com/p/madonna-intubated-in-icu-jimmy-buffett

    Still nowhere near enough to be noticed. The Vaxxers are not getting these compilations so they remain oblivious to the scale…

    Let’s all make a list of 20 people we hope get a severe Vax Injury — then every month we report back to see how many have dropped. I recommend you prioritize people who inferred that you were an id iot for not drinking the kool aid — Dunc comes to mind – recall he hoped we would all die from covid to ‘cleanse the gene pool of stooopid people’

  23. Fast Eddy says:

    Just thinking … if it was so beneficial … why did they have to do all this?

    https://wordsalad.info/tag-vaccinecoercion.html

  24. Mirror on the wall says:

    Russia’s “Beasts of War” wreak havoc on UKR’s frontline….

    • Ed says:

      Where are the large bombers dropping napalm? Why world war one trench warfare?

      • Fast Eddy says:

        Oooooh looks like such havoc!!!

        After watching that I am thinking War is Not Hell…

        Looks like a training exercise… with some footage of a few shells landing … could be footage from anywhere …

        Verdict – fake. The entire war is fake.

        If not there would be endless clips of violence and destruction and fire fights… the war in France last week was more impressive

        Why do people keep believing cnnbbc?

    • The summary says:

      The second phase of Russia’s war in Ukraine has been marked by heavy artillery, lancet drones and aviation attacks. Russia has deployed its heaviest artillery at the frontline, which delivers devastating strikes on the Ukrainian units stationed at Donetsk and Krasny Liman directions. Russia’s artillery back-up in these zones is the 2S4 Tyulpan 240 MM self-propelled mortar. Watch this video to find out how these “Beasts Of War” are pounding Ukrainian troops.

  25. Fast Eddy says:

    The COVID Vaccines Saved Millions of Lives
    A test of the hypothesis.

    https://metatron.substack.com/p/the-covid-vaccines-saved-millions

    • I just saw this article, also. It is a test of US excess deaths, before and after vaccination. An excerpt:

      Regardless of state, the majority of susceptible Americans (clinically vulnerable and elderly) were “fully protected” by May 2021. That is to say that they had completed a primary course of COVID “vaccination”.

      As a matter of fact, by the beginning of July 2021, well over 80% of over 65s across the entire country have completed their primary course. By the end of April 2022, over 60% have had their first booster.

      Nevertheless, in the nine months since July 2021, there is exactly the same amount of excess death as there was in the nine months since July 2020, before the “vaccine” is alleged to have been effective.

      • Fast Eddy says:

        Hey norm keith – have you read the paper that details why vaccines in general have next to no effect on geriatrics cuz ya’ll have weak immune systems so there’s nothing for the vaccine to interact with and prep ya’ll if you get the full blown disease.

        Word of the day:

        Immunosenescence

        https://www.frontiersin.org/articles/10.3389/fimmu.2019.02247/full

        So ya’ll shot the Rat Juice — for nuthin. hahahahahaha

        A critical factor that makes the elderly more susceptible to infectious diseases is what immunologists call “immunosenescence”: the decline in the immune system’s functionality as people age. This is also associated with an increase in the incidence of inflammatory diseases, because an elderly body tends to be in a state of chronic low-grade inflammation. This “inflamm-aging” is one reason why older people have tendencies to develop more severe forms of respiratory diseases.

        Immunosenescence also results in diminished responses to vaccination. Indeed, annual flu vaccines are notoriously less effective in the elderly.

        https://theconversation.com/why-vaccines-are-less-effective-in-the-elderly-and-what-it-means-for-covid-19-141971

        • Bobby says:

          Bingo, but, the juice taking pushes forward immunosenescence, because it shrinks the thymus by wasting this reserve, using it to generate ineffective and harmful results, so it’s truly far worse than Nada. Destruction is a better describer.

          • Fast Eddy says:

            norm…..?

            mike……?

            keith…….?

            anna….?

            dunc…..?

            Ominous music? https://metatron.substack.com/p/covid-requiem-aeternam?s=r

            That sound track makes me think of the beast behind the curtain .. slithering about like a pre-historic serpent .. waiting to unleash on the world… whispering taunts of great evil to come … feasting on human flesh – slaughtering infants…

            Fortunately the Elders will deny the beast his due.

            UEP.

            • Zemi says:

              “Tim, I was most relieved to see that you passed over what dear old Norman NOF does with his ‘girlfriend’.”

              Girl friend? That’s just poetic licence on his part.

              ==================
              I bought you mail order
              My plain wrapper ba by
              Your skin is like vinyl
              The perfect companion

              You float in my new pool
              Deluxe and delightful
              Inflat able doll
              My role is to serve you

              Disposable darling
              Can’t throw you away now
              Immortal and life size
              My breath is inside you
              I’ll dress you up daily
              And keep you till death sighs

              Inflatable doll
              Lover ungrateful
              I blew up your body…
              But you blew my mind

            • lol eddy

              still obsessing about commenters from—how long ago??—-

              something very wrong when you do that. nothing going on in your ‘today’ existence so you have to draw on last year, or was it the year before—I honestly forget.

              like your new acolyte zemi–trying to re- inflate the rubber doll fantasies you used to regale us with a year or two ago.

              I think he has the same problem you do…

              insecurity—an existence surrounded by fakery, —which is where the inflatable thing comes from.

              I do enjoy knowing people’s inner thoughts, the way they are unwittingly revealed.

              Not very pleasant, so i only read the odd one when i come across them in the main thread.

              But don’t stop, like zemi—when you’re in OFW, you’re not elsewhere expecting someone else to fake the pleasure of your company.

            • Fast Eddy says:

              When a statement is so profoundly stoooopid … it is impossible to forget… these go into the Hall of Shame on OFW

              All I need to do is ask — what is mike’s famous quote? And someone will rush to OFW and shout:…..

          • Tim Groves says:

            We shouldn’t judge Norman by the size of his thymus
            We should judge him by the size of his thighs
            The girth of his biceps
            The width of his triceps
            The strength of his yells
            When he lifts those dumbbells
            And the number of lengths of the pool
            He completes between dawn and sunrise

            • Xabier says:

              Reading that, Tim, I was most relieved to see that you passed over what dear old Norman NOF does with his ‘girlfriend’.

              I really couldn’t take that so early in the morning.

            • Stay in your bookbinders attic, and stick to the business of enclosing the words of others xabier—we know you are good at that. And it’s safer

              creating your own is a bit like walking a tightrope only secured at one end. You never quite know where you’ll land.

              Thrilling though. And full of surprises. And bruises too of course.

              No place for fantasists fakers and wannabes.

            • Foolish Fitz says:

              “You never quite know where you’ll land”

              If the rope is only connected at one end, I know exactly where you will land.
              Straight below the first bit of rope you attempt to put your weight on.
              There will be no resistance, so you will accelerate at free fall speed.
              Explained here

              https://www.physicsclassroom.com/class/1DKin/Lesson-5/Introduction

              A perfect example here

              https://youtu.be/Mamvq7LWqRU

              Some deny the laws of physics and so are prone to believe the wildest tales about the above.

  26. Fast Eddy says:

    “He’s only a young man. Why do you think he had a heart attack?” asked Bisping.

    “I don’t know. I mean, anytime there’s a young person that has any kind of heart problems or strokes or things like that, I kind of point in one direction,” said Smith, adding, “It just go straight to vaccinations every time.”

    Smith revealed, “When my mom passed, right, she got sick immediately after getting her booster. She was fairly healthy, but she got sick immediately after that. So she got her booster and was in a coma in like two weeks.”

    Smith further linked Pfizer’s recent admission of increased stroke risk in people over 60 receiving their final booster to his mother’s passing.

    “It just doesn’t make any sense. Like that was really weird, right? And then recently Pfizer came out and said in people over 60 on their final booster, they had to come out and say that there was a higher risk of stroke. Well, that’s essentially what ended up happening to my mom,” Smith said.

    Smith continued by referencing the case of Damar Hamlin of the Buffalo Bills, who collapsed on the field

    “I’ve always connected those two things. And then there’s just so many young people that end up being vaccinated that end up with heart problems. There’s that football player that kind of in the middle of that game last season that had a random heart issue in the middle of a football game. They just keep it so hush-hush because of course nobody wants to say that out loud. I don’t actually know, but that’s always been my hypothesis,” Smith said.

    He added, “I don’t have the data or the stats or anything like that, but I do know that the whole thing was absolute bullsh-t.”

    Drawing on his personal experiences, Smith revealed a damning revelation citing his health condition after receiving the COVID vaccination.

    “I’m vaccinated and then I end up with a blood clot. What are the chances of that? Never had any issues at all. I’m really healthy,” he said.

    https://www.2ndsmartestguyintheworld.com/p/ufc-fighter-anthony-smith-reveals

    It sure is fun when the Connect the Dots huh

    norm mike keith

    • Xabier says:

      The person quoted is clearly a simpleton, neanderthal or white supremacist: correlation does not equal causation!

      This has been made abundantly clear by The Science, trusted new sources and fact- checkers for the last 2 1/2 years.

  27. drb753 says:

    Mercouris at around 51:00 here says that there is an ongoing meeting between BRICS and euro officials in copenhagen, US not invited. Slovakia and Austria amongst the spearheaders.

    • This is a long video with quite a bit in it. Its title is, “Ukraine Failed First Month, Russia New Weapons; Putin Modi Xi Attend SCO Summit, BRICS Currency.”

      One thing Alexander mentions is that outside power has been cut off by Ukraine to the nuclear power plant which was attacked earlier. (maybe 46:00 or 48:00) This is a worry.

      He mentions that NATO has had trouble agreeing among themselves, even on who should be the Secretary General. He mentions that NATO membership for Ukraine is not being offered (no timeline either).

      He mentions that some European states are trying to re-establish some trade with Russia. I believe he said the Czech Republic, Latvia, and Austria.

      He also talks about the meeting that drb753 mentions. Europe would like to do something about settlement, even if it can’t get the US to go along.

      He talks about various groups, including the Shanghai Cooperation Organization and BRICS, being interested in figuring a way around using US currency. He also mentions that Iran today became a full member of the SCO. Belarus and Afghanistan will be added soon.

  28. jamea arnott says:

    Excellent article! However, people have forgotten about the concept of peak oil, or more accurately, peak affordable oil, which delivers wage increases, investments in infrastructure, public services, and all things considered civilization. Just as a hypothesis or estimate, the world peaked in easy-to-reach conventional high EROI hydrocarbons around 2006, which preceded the great recession towards the end of the 2000s. Indeed, my country, the UK, peaked in North Sea oil and gas at roughly the same time, becoming an importer of hydrocarbons.

    Nevertheless, although the above-mentioned bodes very badly for us all, I am an optimistic pragmatist. For pragmatism, the UK has an innovative project in the world’s largest offshore wind for energy, but also as electrolytic storage from renewables as hydrogen. This has already started in collaboration with our neighbours, regardless of who is in or out of the EU. Moreover, another pioneering innovation is the use of our renewables for an additional source of nitrogen and ammonia production for extra food security. This is on top of strategic reserves across a multitude of locations across the British Isles as electrolytic storage. The excess or dearth of energy production on the electrical grid in the form of intermittency can be resolved with an energy strategic reserve.

    In conclusion, despite the almost certain peak in conventional highest EROI hydrocarbons for surfeit energy as surfeit for strides in living standards and health, particularly from the post-WW2 boom, those days are evidently over. Nevertheless, the UK where I live has had a record quarter of renewable energy production from solar and wind. The contribution stands at around 50% of the overall mix. Furthermore, the extent of pink nuclear from SMR and green renewable sources for hydrogen to mix with the remains of North Sea blue hydrogen should further replace significant hydrocarbon natural gas imports while bolstering the resilience of our UK and EU.

    • MickN says:

      “Nevertheless, the UK where I live has had a record quarter of renewable energy production from solar and wind. The contribution stands at around 50% of the overall mix.” – Source?
      Is that the overall mix of electricity or energy?
      Not looking to good for wind at the moment.
      http://gridwatch.templar.co.uk/

      • Your link to the Gridwatch link for UK is very instructive. A glance at yearly wind (from the chart labeled Yearly Nuclear/Coal/CCGT/Wind (GW)), indicates that wind indeed was quite low in May and June of this year and in July, August, and September of 2022. Of the four indicated, CCGT (which is really natural gas), is consistently the highest. We can see from weekly and daily data that natural gas is being used to balance wind.

        UK average demand seems to be about 30GW, based on the yearly demand chart. There does seem to be one short period in January where wind managed to hit 15 GW, which is half of the 30 GW. So this is probably what these folks are talking about, on an electricity-only basis.

        If we look at the very last rectangle shown , labeled “Yearly French/Irish/Dutch/EW/BE/NSL ICT (GW)”, this seems to indicate that for January through June of 2023, the UK has been importing a lot of electricity, particularly from France.

      • David says:

        Electricity is 18-20% of total delivered energy. So in the UK renewables have reached about 50% x 20% = 10%.

        • How much electricity counts as a share of the total depends on the value given to electricity. According to the IEA, you are approximately right. The US EIA and the EI (formerly reports put out by BP) use a more generous counting of electricity, especially intermittent electricity.

    • moss says:

      Just curious, but can you provide the proportion of UK electricity demand met by net imports from Europe for the first Q?
      If they shut down sufficient conventional power generation, I suppose it’s conceivable solar plus wind could reach 50% of electricity output …

    • Fast Eddy says:

      This is delusional thinking.

  29. Yoshua says:

    War on Terror

    There are clear indications that Russia and China were behind the al Qaeda 911 terrorist attacks. Pentagon was forced to adapt to fight the War on Terror…War against Shadows…or just a…War on Goat Herders
    Russia and China used that time to modernise their economies and armies to their best abilities…

  30. Sam says:

    Gail I love your new post it gets back to what the problem is and how it is affecting us. I particularly like figure 6 in your post. That being said I hope you can do an article in the future on decline rates versus discovery rates of oil and the quality of the oil being extracted. Many people especially Americans believe that there is an ocean of oil waiting to be drilled. Art Berman did a great interview with Nate Hagens on this explaining the quality of oil and what counts as oil. We often talk about how China manipulates its numbers but I believe the U.S manipulates its oil numbers immensely
    The U.S has been the swing producer for some time but that will decrease drastically as we all know how fraking expires{ramp up quit and fall quick}. Saudi Arabia knows this and believes that once the U.S starts declining and producing less oil that the price will go up; not realizing that it will collapse demand. That is why they are planning on building these giant cities they believe that oil will be $87 and up in the near future.

    • I am not sure that the calculation you are asking about really makes sense. We don’t really need much more oil to be discovered in the future to be discovered, to have lots and lots of oil available, at least to some people’s way of thinking.

      If we look at the (phony) “proved reserves” provided by countries to the EI, they imply that the world has 53.5 years of oil production available (at current extraction rates), just in these resources, without any new discoveries at all. Since they are proved reserves, supposedly it is economic to extract them now. If there are improvements in technology of it prices should rise, even more oil should be available.

      • Sam says:

        Well it comes down to if we have 53 years left of “Quality Oil” and the ability to get oil out of the ground then your articles are moot point. From the stand point of Nate Hagens, Art Berman, The Oily Blog. I think at the numbers are a lie. Just like a lot of things in the media are a lie! If your are Saudi Arabia are you going to say we think we might be running out of oil or are you going to say we have 53 years of heavy production left? Same for the fraking companies. Otherwise you are not going to get investors, subtract 30 to 40 percent of that number and what do you have? Also what constitutes as oil? Maybe this is not your forte…..
        I do not expect you to have all the answers but I think if we don’t drill down{no pun intended} to the minute point of oil quality and extraction then we are fooling ourselves into believing we know what is going on and then this practice is just a waste of time.

        • We know that Venezuela is having huge problems now. Supposedly, they have the highest quantity of “proved reserves” in the world. This, by itself, tells you that these reserve numbers are terribly optimistic.

          Syria is another example. They are extracting practically nothing. Their reserve to production ratio is 158.8. If their reserves are so high, why can’t they fix their current problems?

          There are different standards of reporting in different countries. In the US and Europe, the amounts are supposedly audited. At any rate, the amounts are a whole lot lower than in some other countries.

          Asking an energy exporter the amount of his reserves is a lot like asking him the size of his bank balance. There is a tendency to estimate very, very high.

          • Sam says:

            You still have not talked about my point of what constitutes oil and how the numbers are being manipulated in the united states. I I guess I need to go elsewhere for this…. Again the U.s is not a net exporter of oil. America consumes 20 million barrels a day! If you are trying to educate people on the energy problem then I think this is very important. When the U.S goes down the rest of the world will soon follow.

  31. Student says:

    (from twitter)

    ”ENTIRE UKRAINIAN BRIGADE MUTINIES: ‘YOU SEND US TO SLAUGHTER’ – VIDEO”

    It must be verified by someone who knows Russian or Ukrainian which I think are similar.
    Thanks

    https://voxnews.info/2023/07/04/intera-brigata-ucraina-si-ammutina-ci-mandate-al-macello-video/

    • Fast Eddy says:

      fake

    • Fred says:

      Plenty of videos of mutinous Ukies doing the rounds on Telegram for months now. Don’t blame them.

      Tough choices though. If you’re not brainwashed about the imminently glorious victory, try to retreat and you get shot in the back by the Azov Na-is. Advance and get smashed up by the Russians before you have a chance to surrender.

  32. I AM THE MOB says:

    Joey Chesnut has literally been holding America together and carrying her on his back!

    72 Hot Dogs he’s going for today!

    The GOAT!

    • davidinamonthorayearoradecade says:

      only ate 62 today, such a great disappointment.

      this is a microcosm of the decline of IC in general and The Hegemon in particular.

    • JMS says:

      Joey will only be the GOAT if he manages to also become the biggest pooper in the world, for which he would have to beat the record of Russian Anatoly Chernovsky who on August 22, 2020 shitted 6.8 kg in 10 minutes.

  33. A lot of people don’t know why Japan is standing despite of all of its problems.

    1) It has had its interests in the Southeast Asia, dating pre-WW2.

    Japan had a delegation in the Philippines dating from around 1600, and also Korea as well. A section was Pusan was given to the Japanese whose permanent garrison existed until 1945 when the angry Koreans finally removed the Japanese , including those who lived in there for 300+ years, after the end of WW2.

    Japan also had interests in Malaysia, Thailand, and especially Indonesia. Not too many people know this, but Indonesia became independent on Aug 17 1945 when the Japanese occupation forces, knowing it would lose the islands to the Dutch, made a deal with Sukarno and helped him to establish a new govt. Some Japanese soldiers joined the Indonesian forces since they didn’t expect to live well in Japan and the Indonesians promised them land (some of them did stay there and took Indonesian names after the independence war).

    The Southeast Asians preferred the Japanese to the westerners and the concessions still continue. Also during the bubble era, the Japanese bought assets all around the world using inflated yen, and they still tend to remain under Japanese hands.

    So they have quite a lot of foreign concessions to fall back into, something few non-Japanese, or even a lot of Japanese, do not really realize.

    • Sort of like UK and other parts of Europe having colonies abroad, and China having a lot of investments abroad.

      The US has a lot of debt from other countries, denominated in dollars. If the dollar rises too high, relative to the currencies of these other countries, the borrowers certainly cannot repay the debt. In fact, with energy shortages, repayment of this debt becomes uncertain.

      • if a mortgage is taken out for say, 25 years

        then that is a call on your energy production for the next 25 years….if your energy production fails (ie you lose your job) the mortgage is foreclosed and you lose the house.

        debt on overseas investment is not very different

        if you cant produce enough energy to repay the loan, foreclosure becomes certain

        • I think China is running into this problem now. But how do you foreclose on something from a distance? Who do you sell it to instead?

          I think that those counting on the steady stream of money/energy are simply out of luck. China may be out of luck, in this example.

          If one mortgage on a house in the US or UK defaults, it is possible to kick out the people who cannot pay, and the bank can sell to someone else. But once the share who cannot repay rises too high, it is the banks that have the problem. There is no one else to sell the house to, who can pay. Governments don’t want people out on the streets.

          • agreed

            distance is the factor that alters the investment risk

            when we Brits ”invested’ in a colonial enterprise 200 years ago–we installed a military garrison to secure it, and make sure the investment paid dividends
            Soldiers wages were in effect part of the investment.

            The ‘natives’ were effectively slave labour. That’s where the returns came from. India I think had military garrison of 120000 men to secure it. Effectively a resource grab

            We did it all over the world. Hit ler tried it in Eastern Europe. It was an extractive economic system done by force

            It doesn’t work anymore. China wants to implant itself in Africa etc, just like we did, but they cant just install troops and loot the place. Neither can they ”sell it’ to anyone else.

            The Chinese dont realise that it is a sympton of a collapsing global system.

  34. MG says:

    The truth about mineral resources

    https://youtu.be/Kr_JjO9YWOo

    Our happy energy future is just behind the door.

    Pollution, clean water scarcity, the ageing of the populations and the nature protection will not prevent us from enjoying it.

    • It is always ‘around the corner’.

      People like him never actually bothered to visit where the resources were actually being extracted.

    • MG says:

      Slovak language has got a nice name for such senile optimists, who live in their dream worlds: “starý chuj”.

    • Lots of things go wrong in this video.

      For one thing, the EROI calculation is very flawed, in my opinion. I talked about that a little in my previous post. It doesn’t tell you anything about timing. It doesn’t tell you about built-in ability to be stored. It doesn’t tell you anything about using valuable resource like oil to produce something that is close to useless, such as intermittent electricity.

      For another thing, regardless of how many resources are available, we cannot use all of today’s oil, coal and natural gas resource to produce the clean energy stuff. Food is essential, for example. We have very limited ability to transition in any direction. In fact, as depletion becomes a bigger problem, our ability to transition goes down, rather than up.

      For another thing, increased complexity has a real cost. For example, transmission lines and all of their costs are not considered in this analysis.

      There are also decreasing returns to added complexity. Not to mention the fact that international trade becomes less and less feasible, as the world economy “unglues.”

  35. I AM THE MOB says:

    The jabbed can run but they can’t hide.

  36. The whole Russo-Ukrainian war is now ending up like the final year of the Great War. The Prigozhin show could be compared to the French mutiny, which, for whatever reason, the Germans thoroughly failed to exploit.

    During that war there was the marauding lunatic Woodrow Wilson who tried to spread his crazy idea of democracy to peoples who never heard about it, and he replaced two great Central European Empires with a bunch of failed states who were dead when they were born, and are still not even now well known for their contributions for Civilization other than some books which are not significant as time goes on.

    As the Ukrainian offensive falters, Russia would be forced to advance in general in the autumn since Prigozhin is alive and well in Belarus and if he gets angry he and Lukashenko will invade Moscow , replace Putin, and install a regime which will launch the final offensive which will end the war.

    That basically ends any credibility the so-called Rules Based World Order, which no one knows what the rules are or who set up the rules, had over the rest of the world, and other than some toadies like UK, Japan and South Korea, the whole world order will have to be rewritten and that means end of civilizational advance once for all.

    • Fred says:

      “Prigozhin is alive and well in Belarus and if he gets angry he and Lukashenko will invade Moscow, replace Putin, and install a regime which will launch the final offensive”

      Dude, whatever you’re smoking, can I have some? Must be powerful stuff.

  37. Student says:

    (Rai 1 – first Italian channel of national television)

    Antony Fauci’s successful episodes in Italy are going on…

    Here one can finds a recent interview he had in the first Italian channel of national television, in which his incredible successes are reeled off…

    • Student says:

      My impression is that people from outside have not really understood that Italy is the picklock for many policies and actions to be implemented in the western world.
      People from outside think that Italy is not so important and so it is not necessary to care much about Italy.
      Actually is true for one hand, but not for the other.
      Italy may not be the most important Country of Europe, but it is still important, it belongs to G7, it is an important place for Nato bases and so on, but at the same time it is a very fragile State because it is always on the verge of bankrupt and can fall down in a situation similar to Lebanon at any moment (with all the respect for that beautiful but, at the same time, unfortunate Country).
      So leaders are always ready to accept directives from the above.
      Therefore, we are perfectly available to lead by example for what the other western Countries will have to do next.
      Be very well aware of Italy, my friends….

      • Xabier says:

        I would agree, Student: one must keep an eye on ‘minor’ countries such as Italy, Australia and Canada, Israel, Austria, where They experiment with various kinds of manipulation and coercion.

        Their experiment in the UK was ‘How far can we go without mandates?’

        The answer was almost all the way, before the Great Relaxation, a temporary retreat, which was ushered in by ‘Omicron’- which destroyed fear of Covid among the general population – and the unconvincing ‘Monkeypox’ fiasco.

        I hope you are keeping your spirits up! We are all , I suppose, awaiting Their next move, except for those who bury their heads in the sand…..

        • Fast Eddy says:

          ‘The next move’

          It’s kinda like we just finished Season 3 of Utopia … and we were left hanging … waiting for the final season to air.

          Even though I know it’s gonna be a horrific situation — I find myself wanting it to arrive asap…

          Might be the subliminal advertising using the Tranny Freaks has influenced me … that and thinking of norm mounted up on the Snatch… t’is a terrible world we live in

          • Xabier says:

            Quite a cliff-hanger isn’t it?

            At least, FE, you have the satisfaction that if there are no big cities to go excitingly up in flames in New Zealand, the global tentacles of They reach literally everywhere so you won’t be left out of the next stage.

      • I think of Italy as being somewhat similar to Japan. It is a country with virtually no energy resources of its own. It is hard to keep energy consumption per capita up, without government debt increasing year after year (Japan’s approach).

        Italy’s energy consumption per capita hit a peak, way back in 2004. According to EI, in 2022, Italy’s energy consumption per capita (in gigaojoules per capita) was 104.1. This is lower than Greece’s, at 109.5. France, with all of the riots, is at 129.8. (It is also a lot colder.) Japan’s was at 143.9, but it has a lot of industry.

        Being an energy importer for everything (including electricity) has become a big deal for Italy. Germany, with its closure of nuclear power plants, cannot be an exporter of much electricity any more, except random exports of wind and solar. It cannot prop up the rest of Europe.

        • Student says:

          Yes, similar to Japan for the ‘technical’ important details you mention, although there are additional two which are also important to mention in my view:
          1) Japan has its own currency
          and 2) it also owes the vast majority of its debt, so it cannot be ruled easily from outside from the financial point of view.

          Expanding the analysis, considering the social composition of the two Countries, one can think that Japan has much cohesion, it has experienced little immigration in its life and it has a sort of monolothic culture.
          On the contrary Italy has been experiencing a reshuffle of its demographic composition, expecially lately.
          Italy is becoming an even more complicated jumble of people than France, because we have also people recently arrived from South America, besides the usual central Africa, Maghreb, Middle East, India, Pakistan, Sri Lanka and so on.
          I think that we are living the last years of Italy as we know it and I don’t know what it will happen after.

          I don’t have any judgment of what I’m writing above, I have developed a detached approach, these are simply facts on which nothing can be done.
          It is like experiencing the end of whatever similar in the past, Roman Empire or whatever you want to compare.

          • drb753 says:

            Excellent summary, Student. Add to it that Japan is skirting sanctions to keep up the economy. Plenty of Toyotas in Russia. Within a year of the US losing Taiwan, work will start on a pipeline to Japan and a car/train tunnel from Sakhalin. The US knows that and moss suggested, destruction of Japanese industry might be a secondary goal of the upcoming war.

          • Adding new cultures makes leadership much more difficult. School children come from different backgrounds. Abilities are different. Holidays are different. When we visited Japan, we were amazed how the Japanese children all line up behind their teachers to visit religious shrines and other sites.

            • Artleads says:

              And I think that Ed’s “new system” will depend on the current one fading to an intolerable degree relative to different places. The nation state might need to change into insignificance as well.

          • Ed says:

            “these are simply facts on which nothing can be done”

            I keep hoping for a leader to create a new system. So far, I see none.

      • Jan says:

        @Student

        Spain is too hot, Germany too cold, UK too foggy and France has a completely illogic language. So there is only Italy or perhapy Croatia…

  38. Fast Eddy says:

    No mention of the depletion of affordable resources

    Why are interest rate rises not taming inflation?

    https://archive.ph/0T35m

    • Interesting Financial Times article.

      One important thing the article shows is that inflation levels were already high in January 2020, especially outside Europe and Japan.

      https://ourfiniteworld.com/wp-content/uploads/2023/07/Financial-Times-how-Inflation-Swept-the-World-1024×695.png

      These high inflation rates should not be surprising because they go with Peak Oil in 2018, the problems with spiking repo amounts in 2019, and the riots that many leaders were trying to quell. People were demanding some way to get the inflation rates down, so citizens would be happier. No wonder leaders were so happy to go along with shut downs, even though logically they made no sense to stop the spread of a virus that didn’t kill many people other than the very old and those already in poor health (except when the health care system helped them reach an early end).

      The unhappiness that led to Trump being elected in 2016 (and inaugurated in 2017), no doubt goes back to 2015 or before. The Brexit vote in the UK took place on June 23, 2016. It reflected similar unhappiness.

      • Fast Eddy says:

        And because we go deeper into depletion of every minute of every day … that situation is far more volatile (see France)… and at some point the mob goes completely out of control and burns burns burns …

        Leaving only one good option ….

        ‘We must kill them. We must incinerate them. Pig after pig. Cow after cow. Village after village.’

        It’s coming … we all know it… they ain’t gonna just let 8 billion storm onto the streets… no way in hell they will not try to pre-empt that.

  39. Fast Eddy says:

    https://igorchudov.substack.com/p/science-magazine-acknowledges-covid/comments

    Fast Eddy
    just now
    Ok – let’s all organize a mass protest with pitch forks at the nearest Fizzr HQ.

    Of shall we just remain on Substack and exclaim ‘OMG OMG!!!’ and ‘When will these evil people be punished???’

    The thing is … the people who might punish them — are the same people who are carrying out the plan.

    Don’t expect any help from them.

    To the castle or not?

  40. Fast Eddy says:

    Just a thought …

    If I was a Hard Core A Vaxxer… or Vax Injured ….I’d sign up to be an Uber Driver… then I’d hover round Feezer H–Q… and pick up someone who works there… and who knows what I’d do … some sort of Operation Pay Back … and it would make the ‘news’…

    hahahahaha

    But I ain’t an AV nor am I Vax Injured…

  41. davidinamonthorayearoradecade says:
  42. Fast Eddy says:

    Madame Fast reporting from the trenches .. many people in her office sick — always multiple people working sick or not reporting at all…

    Diseased rats

    VAIDS

    • Lastcall says:

      Nice.
      There are so many job openings now, but also many empty shop fronts.
      A lot of businesses around here (tourist town, fishing, skiing, hunting, boating blah blah) have to close a few days a week during peak school holiday season; if the owners aren’t there, no one is there.
      DIE, isn’t helping, elevating incompetent people into positions that aren’t capable of holding. Saw it through university many years ago when many in the lecture struggled to understand even basic scientific concepts; I gather the financial incentive to pump through the suckers has made it an order of magnitude worse now.

      Its a mess, and getting messier. I live far enough from town to be able to breathe, but close enough to keep an eye on the shambles.

      I am entertained

      • Fast Eddy says:

        I have to fight back a smile and look of Pure Joy when people tell me how sick they’ve been … it’s like they said something incredibly funny but I’m not allowed to laugh

        Is the boat ready? When do you pull the trigger and shove off? Wait till last minute?

        • Lastcall says:

          Have been super busy lately cleaning up a mess that a local ‘Professional’ has caused over the last many years; boat looking neglected but can be spruced up, stocked up and pushed off pretty quickly.
          Have a few weeks off coming up, but just waiting for the freaking Teachers and assorted rats to return to the insane ass-sylums we call schools.

          • Fast Eddy says:

            I’d definitely be keen on a boat as well … but alas M Fast would prefer the Super Fent over heavy seas on a sail boat + I have no idea how to sail hehehe…

            They should do a Road 2.0 instead it takes place on the high seas… great adventures touching base on shore to load up on water and gather food — and the close escapes from the wild men

  43. Fast Eddy says:

    https://www.rintrah.nl/xbb-1-the-variant-family-that-has-learned-how-to-use-vaccine-imprinting-to-its-own-advantage/

    Fu—cko the Clown
    JULY 2, 2023 AT 3:30 AM
    Not everyone has “moved on.”

    Never a day goes by without me, for one, wanting to see the covid believers all drop dead in gigantic heaps until all of the cities reek of decay for 100 miles in every direction.

    I want to see every covid believer rotting in a mass grave, down to the last man, woman, and child, which is why your posts along this line of inquiry make my days better.

  44. davidinamonthorayearoradecade says:

    https://nypost.com/2023/06/26/billionaire-james-crown-dies-in-crash-at-colorado-racetrack/

    that’s THREE dead billionaire Elite Winners in the month of June.

    what’s going on with that?

    why are so many Elite Winners dying this year?

    how can they dominate the common folks when they’re dead?

  45. Mirror on the wall says:

    https://www.theguardian.com/uk-news/2023/jul/02/orkney-could-leave-uk-for-norway-as-it-explores-alternative-governance

    Orkney could leave UK for Norway as it explores ‘alternative governance’

    Island council leader cites ‘deep cultural relationship’, as authority considers a report looking at status of Channel Islands and Faroes

    Orkney could leave the UK to become a self-governing territory of Norway after its council opted to explore “alternative forms of governance”.

    A motion has been put forward by the Orkney Islands council leader, James Stockan, to explore its “Nordic connections”, as well as looking at the governance structures of crown dependencies such as Guernsey, Jersey and the Isle of Man.

    Orkney was under Norwegian and Danish control until 1472, when the islands were given to Scotland as security for Margaret of Denmark’s dowry on her marriage to King James III of Scotland.

    Stockan told BBC News: “We were part of the Norse kingdom for much longer than we were part of the United Kingdom.

    “On the street in Orkney, people come up and say to me: when are we going to pay back the dowry? When are we going back to Norway? There is a huge affinity and a huge, deep cultural relationship there. This is exactly the moment to explore what is possible.”

    He said Orkney had been “failed dreadfully” by governments in Edinburgh and London, with funding less per capita than is received by Shetland and the Western Isles.

    The report due to go before the council also references the Faroe Islands, a self-governing territory of Denmark in the North Atlantic.

    • Tim Groves says:

      Both the Orkney and Shetland Islands (the later including the isolated Fair Isle) were pledged in 1469 in security for the dowry for the marriage of Margaret of Denmark, daughter of Christian I of Denmark and Norway, to James III of Scotland. The dowry of 60,000 florins was never paid, and the pledge of the islands as security paved the way for their eventual annexation by the Scottish Crown in 1472.

      Let’s speak like a Shetlandic like a Shetlander.

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