energy

While the energy carnage over the past year has impaired commodities, mostly oil, and increasingly the equity and bond prices of US energy companies, so far one industry has been left relatively unscathed: banks. The reason for this was that over the past year banks have, in filings, earnings calls and investor meetings, taken every possible opportunity to assure investors they all overly provisioned for any potential losses stemming from their exposure to energy (despite the not one but two consecutive quarters of Jefferies earnings fiascos).

Submitted by Gail Tverberg via Our Finite World blog,

What is ahead for 2016? Most people don’t realize how tightly the following are linked:

Submitted by Adam Taggart via PeakProsperity.com,

Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been using debt to fund further energy exploration and extraction.

That strategy has diminishing returns, Tverberg warns. And we are close to the moment of reckoning: 

DEC

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Posted with permission and written by Steve St. Angelo, SRSrocco Report (CLICK FOR ORIGINAL)

Analysis of our energy, climate and political impasse featuring suggestions for transformative action.