OPEC rejects IEA’s forecasts about fossil fuels use
Press TV – September 14, 2023
The Organization of the Petroleum Exporting Countries (OPEC) has rejected projections by the International Energy Agency’s (IEA) suggesting that the global consumption of fossil fuels will peak in 2030 before dropping to record lows because of an increase in the use of the renewables.
OPEC Secretary General Haitham Al Ghais said in a statement issued on Thursday that the IEA’s recent forecast about the decline in the use of fossil fuels in the next decade would only worsen the situation in international energy markets.
“It would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the world,” said the statement.
In an article in the Financial Times published on Tuesday, IEA Executive Director Fatih Birol said estimates by the Agency shows that the age of growth in use of fossil fuels “is set to come to an end this decade.”
“This is the first time that a peak in demand is visible for each fuel this decade — earlier than many people anticipated,” Birol said in the opinion piece, adding that demand for the three fossil fuels, namely coal, oil and natural gas, is set to hit a peak in the coming years.
However, the OPEC statement called the forecasted decline “dangerous”, saying such statements normally lead to calls to stop new oil and gas investments.
“Such narratives only set the global energy system up to fail spectacularly,” said Al Ghais, adding that some 80% of the world’s energy mix still comes from fossil fuels, the same as three decades ago.
The OPEC chief said that IEA’s estimates had failed to consider the technological progress that has taken place in the oil and gas industry to cut emissions.
Washington threatens further sanctions on Iraq if ‘misuse of dollars’ not addressed
The Cradle | September 15, 2023
An official from the US Treasury Department has urged Iraq to “address continued risks of the misuse of dollars” by commercial banks to avoid a new round of sanctions targeting the war-torn country’s battered financial sector.
Although nearly a third of Iraq’s 72 banks are now banned from facilitating dollar transactions due to unilateral US measures, a Treasury official who spoke anonymously with Reuters on 14 September said Iraqi banks were still operating with risks “that must be remediated.”
In July, Washington blacklisted 14 commercial banks accused of facilitating US dollar transactions to Iran, a country Washington seeks to strangulate economically.
The unilateral measures led to increased demand for the greenback on the black market and damaged the exchange rate of the dinar.
With more than $100 billion in reserves held by US banks, Baghdad heavily relies on US authorities’ goodwill to ensure its economy doesn’t collapse entirely. Furthermore, since 2003, all Iraqi oil revenues have been paid into an account with the US Federal Reserve, allowing Washington to control the Iraqi economy and pressure its government.
The warning from Washington came on the heels of a visit by US Assistant Treasury Secretary Elizabeth Rosenberg to Baghdad this week, where she met with the Governor of the Central Bank of Iraq (CBI), Ali al-Alaq. The two discussed “bilateral relations and measures taken by the bank to fight money laundering and terrorist financing,” according to a statement released by the US Treasury.
Since 2022, the CBI has enforced tighter regulations under US pressure to ensure dollars do not reach Iran. Bank clients wishing to transfer dollar funds must apply through an online platform and provide detailed information on end recipients before a transfer is approved.
July’s sanctions were the latest effort by Washington to coercively intervene in Iraq’s economy, to the detriment of the country the US army illegally invaded and occupied in 2003. US efforts include blocking Iraqi payments for Iranian natural gas, which has led to power blackouts amid Iraq’s blistering hot summer.
China announces massive cross-border project with Russia
RT | September 15, 2023
China’s Xuanyuan Group Industrial Development plans to build a massive logistics hub in the Amur Region in Russia’s Far East, as freight turnover between the two countries has more than doubled over the past year, the group’s CEO, Hailong Xue, has told RT.
The project is one of several deals the Chinese industrial group has clinched with Russian investors on the sidelines of the Eastern Economic Forum in Vladivostok, and will offer equal opportunities for Russian and Chinese companies to participate in it.
The hub will be located between the city of Tongjiang in China’s Heilongjiang province and the town of Nizhneleninskoye and is designed to facilitate Russia-China cargo transfers.
“The location of this hub is very important as it will be right between our borders. There is a narrow stretch between our frontiers which makes cargo transfer rather problematic. But, with our project, we estimate that freight transportation will reach 10 million tons annually,” Hailong said. He expects cargo traffic between Russia and China to increase fourfold in the next few years.
According to the Xuanyuan Group CEO, the project envisages the construction of a terminal for storage and transportation of hazardous and nonhazardous goods, such as liquefied natural gas (LNG), liquefied petroleum gas (LPG), aviation fuel, helium, and other technological goods.
Hailong revealed that the estimated cost of the project will be between $600 and $700 million, with the launch of the cargo terminal scheduled for 2027.
EU has ‘globalized’ Ukraine crisis – Hungary
RT | September 14, 2023
The European Union’s response to the Ukraine crisis is causing the world to fragment, Hungarian Foreign Minister Peter Szijjarto has claimed. He added that Budapest wants to see initiatives that can unify states, such as China’s Belt and Road Initiative (BRI).
The EU “has given a very bad answer to the war in Ukraine that unfortunately seems to be ending up in a world being divided into blocs again,” the Hungarian diplomat told CNBC on the sidelines of the Belt and Road summit in Hong Kong.
Brussels “should have isolated this war, but instead of that the EU has globalized” it, he said in the interview broadcast on Wednesday.
Szijjarto argued that a lack of communication between opposing countries has led to them giving up on achieving peace, while states that benefit from good East-West relations – such as Hungary – have been hurt economically.
The minister contrasted this to how the BRI aims to bring the world together for mutual prosperity and security, which is why Hungary welcomes China’s presence.
He criticized rich Western European nations who are now talking about decoupling from the Chinese economy or “derisking” due to political concerns. Quietly, they seek Chinese investment just like small nations, Szijjarto said.
“They can be hypocritical, they can afford [it],” he argued.
Unlike those countries, Budapest states its foreign policy openly, the diplomat said, warning that if ‘decoupling’ with China were to succeed, it would “kill the European economy.”
The Hungarian government has been a vocal critic of the Western response to the Ukrainian conflict since its outset. It has called for peace talks, while speaking out against sanctioning Russia and arming Ukraine. Most EU nations, following in the US lead, have pledged to support Kiev for “as long as it takes” to defeat Moscow.
China releases ‘blueprint’ for integrating with Taiwan
RT | September 13, 2023
The Chinese Communist Party (CCP) has pitched an economic-integration plan for Taiwan, while at the same time deploying a historically large fleet of warships and aircraft surrounding the self-governing island.
Released on Tuesday by the CCP’s Central Committee and Beijing’s State Council, the proposal was touted as a “blueprint” for Taiwan’s future development. Under the plan, the coastal province of Fujian would become a “demonstration zone” for the integrated development of Taiwan.
The proposal calls for allowing Taiwanese residents to live, work, and study on the mainland, initially in Fujian. Taiwanese businesses would also be allowed to hang a shingle in the neighboring province and would be encouraged to list their shares on Chinese stock exchanges.
Tensions in the Taiwan Strait have escalated in recent years amid rising concerns that China will attack the island. Washington has ramped up weapons sales to Taipei, and US politicians have made controversial visits to the island. China, which claims sovereignty over Taiwan, has vowed to reunify with the breakaway province – by force if necessary. Only 13 nations recognize Taiwan as a sovereign country.
“Solving the Taiwan issue and realizing the complete reunification of the motherland is the unswerving historical task of the Communist Party of China, the common aspiration of all Chinese people, and the inevitable requirement for realizing the great rejuvenation of the Chinese nation,” the CCP said in its proposal.
Taiwanese MP Wang Ting-yu, a member of the island’s ruling Democratic Progressive Party, called the integration blueprint “ridiculous.” Speaking in a video message on Wednesday, he said, “China should think about how it can take care of its bad debts, but not how it can conduct united-front work against Taiwan.”
Dozens of Chinese military planes and warships, including an aircraft carrier, were deployed in the Taiwan Strait this week. The display of military might was reportedly one of Beijing’s largest in recent years.
The Elites Directing The Energy Transition Really Have No Idea What They Are Doing
By Francis Menton | Manhattan Contrarian | September 06, 2023
We are on our way to Net Zero by 2050. It must be true because everybody says so. The entire $6+ trillion per year federal government is committed to the project, which obviously would not be the case if the whole thing were impossible. Equally fully committed are essentially all of the colleges and universities, where all of the smartest people are to be found. As well as every other elite institution of every kind and sort.
Take the World Economic Forum. If there is a number one elitest among all elite institutions, this has to be it. At their annual confab in Davos, Switzerland, they gather the greatest of geniuses to instruct the very top government and business leaders how to run the world. Would you like to go? It will cost you $52,000 to join the organization, and then an additional $19,000 to attend the conference. Chartering a private jet to get you there will cost thousands more. Once there, you can hear the very smartest people imparting their thoughts on the most important topics of the day, like “The Great Reset,” “Emerging Technologies,” “Diversity and Inclusions,” and, of course, “The Net Zero Transition.”
Is it possible that these people are completely incompetent and have no idea what they are doing?
A reader has sent me the very latest from the WEF on how the world is going to get to Net Zero. The piece has a date of September 5, 2023, and is titled “How battery energy storage can power us to Net Zero.” The authors are three people from the World Bank, with the lead author being one Amit Jain, who is the Bank’s Energy Storage Program Lead. This is the guy on the receiving end of tens of billions of dollars of government money to pass out to make the energy transition happen throughout the developing world.
Now, it so happens that energy storage is something I know a little about, and in particular about the problem of trying to store enough energy to make an electrical grid work without full dispatchable backup. See my energy storage Report, dated December 1, 2022, at this link.
So let’s take a look at Jain, et al.’s, take on how battery storage will “power us to Net Zero.” First, some excited happy talk:
Across the globe, power systems are experiencing a period of unprecedented change. Low-cost renewable electricity is spreading and there is a growing urgency to boost power system resilience and enhance digitalization. This requires stockpiling renewable energy on a massive scale, notably in developing countries, which makes energy storage fundamental. . . .
Making energy storage systems mainstream in the developing world will be a game changer. Deploying battery energy storage systems will provide more comprehensive access to electricity while enabling much greater use of renewable energy, ultimately helping the world meet its Net Zero decarbonization targets. International organizations and development institutions are leading the way forward to enable this decarbonization. . . .
So OK Amit, how much storage are we talking about here?
In 2022, approximately 192GW (gigawatts) of solar and 75GW of wind were installed globally. However, only 16GW/35GWh (gigawatts per hour) of new storage systems were deployed. A recent International Energy Agency analysis finds that although battery energy storage systems have seen strong growth in recent years, grid-scale storage capacity still needs to be scaled up to reach Net Zero Emissions by 2050. . . . To meet our Net Zero ambitions of 2050, annual additions of grid-scale battery energy storage globally must rise to an average of 80 GW annually between now and 2030.
Holy underwear, Batman! Could this guy really not even know what units he’s talking about? Thinking his readers might not understand the abbreviation “GWh” he helpfully defines it as “gigawatts per hour”! Could he really be this clueless? And he had two co-authors to check him!
And then there’s the statement that to meet the 2050 Net Zero ambition, annual deployments of grid-scale batteries “must rise to an average of 80 GW annually.” Of course he is using the wrong units (and undoubtedly does not know that). But let’s give him the benefit of the doubt, and assume that he is talking about the standard batteries available today, which are 4 hour batteries, meaning that 80 GW would provide 320 GWh of storage. If the world would add that much capacity every year from now to 2050, that would come to 8,960 GWh of storage. How have Mr. Jain et al. come to the conclusion that this 8,960 GWh of storage will be enough to “meet our Net Zero ambitions of 2050”? The piece contains no quantitative analysis or backup of any kind to support the proposition that this amount of storage would be sufficient.
My own energy storage Report does contain backup and calculations, although only for certain countries rather than for the whole world. For example, for the United States, the figures cited in my Report are that it would take some 233,000 GWh of battery storage to fully back up the electrical grid, assuming current levels and patterns of usage. Since the U.S. is about 4% of world population, we can multiply that figure by 25 to get the storage requirement for the world (assuming that the world electrifies to the U.S. level by 2050). The total would be 5,825,000 GWh. In other words, Jain, et al., are off by a factor of about 650, give or take maybe a few hundred.
But it’s OK, because Jain and his colleagues have no skin in this game. They just babble some happy talk to get their hands on a few hundred billions of money from rich governments, and pass it out to build impressive-looking battery projects that are actually next to useless to provide reliable grid electricity. They can be very confident that no one in their circles will ever check the math to see if the numbers add up. When 2050 rolls around and the whole thing doesn’t work, they will be long retired on generous pensions.
After spending tens of billions on Ukraine and migrants, Scholz laughs when asked why elderly receive no pension inflation bonus
BY JOHN CODY | REMIX NEWS | SEPTEMBER 12, 2023
German leader, Chancellor Olaf Scholz, laughed off the possibility of providing seniors with a pension inflation bonus, telling an audience that the cost is far too great. The claim that the costs are too great to support seniors on meager pensions follows unprecedented spending from Germany’s left-wing government on weapons for Ukraine and social benefits for migrants.
As poverty rises in Germany, seniors on fixed pensions, known as “Rentner” and “Rentnerinnen,” have been hit especially hard. There are different categories of pensions in Germany, with those earning a higher pension, such as doctors and professors, receiving a far higher sum than those in the “Rentner” class. Those receiving smaller pensions, which totals millions of German seniors, are more acutely affected as rising costs for food, housing and energy eat into their income at a far faster rate.
More and more people are therefore demanding an inflation bonus for this vulnerable group totaling €3,000. Federal Chancellor Olaf Scholz had not yet commented on these demands, but finally addressed the topic for the first time at a citizens’ dialogue in Bendorf in Rhineland-Palatinate. When asked about an inflation bonus for pensioners, the chancellor reportedly laughed. He then said: “Well, multiply the number of millions of pensioners by 3,000 – and then sit down very slowly. That’s quite a sum of money.”
Approximately 4.5 million seniors in the “Rentner” category survive on €1,500 a month.
Germany spends tens of billions on Ukraine, migrants, and climate protection in India
As of March 2023, Germany has sent Ukraine at least €14 billion in weapons and aid shipments, which was six months ago. Since then, that figure has risen to €22 billion and is only expected to rise over time. It must also be noted that due to sanctions on Russia, which is tied to the war in Ukraine, there has been an enormous increase in the cost of energy in Germany, which has not only eaten into the pocketbooks of households but also led to an increase in bankruptcies and a recession in Germany.
In addition, the German federal government plans to spend €36 billion on migrants in 2023, which includes housing, social benefits, and education, but that figure is likely a lowball estimate, as there are numerous hidden costs as well, such as millions more spent for police and security at German swimming pools to protect against migrant assaults and sexual violence.
The German government also proudly announced that India will receive €10 billion over the next 10 years on its own website, writing: “With the new Indo-German Partnership for Green and Sustainable Development signed by Prime Minister Modi and Chancellor Scholz at the 6th Indo-German Intergovernmental Consultations in Berlin on 2 May 2022, this cooperation has been uplifted to a new level, with Germany announcing to provide additional funds of Euro 10 billion for the next 10 years.”
India just sent its first space probe to the Moon, a feat Germany still has not accomplished.
In addition, some critics online have joked that “retirement at 30” in the form of welfare payments, known as “a citizen’s income” was just raised by approximately €50 billion.
In short, the funds are theoretically there for seniors, they are just going to other priorities. At present, Germany’s booming elderly population is suffering from poverty at a high rate. Federal government data published under a request from several Alternative for Germany (AfD) lawmakers revealed that 28.1 percent of the German elderly are at risk of poverty, a figure that is higher than the EU average of 27.4 percent and far greater than its Western European neighbors of France (19.1 percent), Belgium (17.4 percent), and Luxembourg (9.3 percent).
Kim Traveling to Russia to Meet Putin, US Threatens Response
By Kyle Anzalone | The Libertarian Institute | September 11, 2023
North Korean Supreme Leader Kim Jong Un is traveling to eastern Russia to meet President Vladimir Putin. Washington threatened to increase sanctions on Pyongyang in response.
Dmitry Peskov, the Kremlin’s spokesman, described the meeting as a full-state visit. “There will be talks between the two delegations. And after that, if necessary, the leaders will continue their communication in a one-on-one format,” he said. “We will continue to strengthen our friendship.” The leaders will meet in Vladivostok. South Korea says Kim is currently traveling to Russia by train.
US State Department spokesperson Matthew Miller said Washington plans to respond “aggressively.” “I will remind both countries that any transfer of arms from North Korea to Russia would be in violation of multiple United Nations Security Council resolutions.” He continued, “We, of course, have aggressively enforced our sanctions against entities that fund Russia’s war effort, and we will continue to enforce those sanctions and will not hesitate to impose new sanctions if appropriate.”
It is unclear what new sanctions the US could place on North Korea that would further isolate Pyongyang. The Treasury Department has already placed thousands of penalties against North Korean officials, government offices, and industries on the blacklist.
The New York Times reports that Kim is expected to agree to supply Russia with weapons, including artillery shells. Adrienne Watson, a National Security Council spokeswoman, demanded the North Korean leader not discuss the issue with his Russian counterpart. “We urge [North Korea] to cease its arms negotiations with Russia and abide by the public commitments that Pyongyang has made to not provide or sell arms to Russia,” she said.
Pyongyang is believed to have significant stockpiles of shells and production capacity. On the Ukrainian battlefield, artillery has become crucial. Western countries have begun to run out of 155mm rounds to send to Ukraine, prompting President Joe Biden to provide Ukraine with cluster munitions to cover the shortage.
Currently, NATO states are producing less artillery than Ukraine is using. With Ukraine’s counteroffensive stalled, the war appears likely to draw on into the foreseeable future.
In July, Russian Defence Minister Sergei Shoigu traveled to North Korea to meet with Kim. South Korean intelligence claims Moscow offered to allow Pyongyang to participate in trilateral war games with Beijing.
Washington’s sanctions campaigns against several states are becoming counter-effective. The US is currently attempting to smash the governments of Russia, Afghanistan, North Korea, Syria, Nicaragua, Iran, and Venezuela through economic warfare. However, in response, those countries have increasingly engaged in non-dollar trade to bypass American sanctions. Additionally, other countries such as China, India, and Brazil have become willing to ignore the Treasury’s blacklists and trade with sanctioned nations.
Western exodus from Russia a boon for Chinese companies – leading entrepreneur
RT | September 10, 2023
Chinese companies have greatly benefited from the pullout of Western companies from the Russian market, Zhou Liqun, chairman of the Chinese Entrepreneurs’ Union of Russia, told RT on Sunday.
Speaking on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok, Zhou said Chinese businesses have been actively filling the niches left by the exit of Western companies and are eager to expand their presence in Russia further.
“The withdrawal of Western companies from Russia has created vast opportunities for Chinese businessmen and enterprises to cooperate with Russia. For example, in the vehicle manufacturing sector: many Chinese carmakers have entered the Russian market throughout the past year. While previously they made up only 5-6% of the market, now it is almost 40%,” Zhou stated.
He noted that China has been among Russia’s major trade partners for the past 14 years, and both countries have created many platforms and opportunities for mutually beneficial cooperation.
“Our cooperation framework is very convenient for both sides, stable political relations between our countries promote the development of trade and business relations. Chinese businessmen are interested in Russia’s raw materials, Russian businessmen are interested in Chinese machinery and equipment. This makes our cooperation mutually beneficial and opens up potential for development,” he added.
Zhou noted that since the introduction of Western sanctions on Moscow, Russia and China have accelerated the use of their own currencies in trade, which has benefitted both nations. To date, 80-85% of all transactions between Russia and China are carried out in either yuan or rubles, and given the rapid expansion of mutual trade and cooperation, this percentage is likely to grow further.
“Businesses in both Russia and China are already accustomed to using national currencies in cross-border transactions. It is very convenient for direct cooperation. We expect the ratio of yuan and ruble transactions in mutual trade to grow to 90%, depending on the type of product,” he said.
Zhou added that China takes great interest in the development of Russia’s Far East, both as a supply source and trade partner. He noted that to date, China is involved in 58 projects in the area, including the construction of a petrochemical complex in Amur Region, as well as a number of projects in agriculture and infrastructure.
“China’s cooperation with the Far East has great potential,” Zhou said.
EU ‘globalists’ waging war on Hungary – parliament speaker
RT | September 8, 2023
Hungary’s parliament speaker has accused the European Union of launching a “hybrid war” against his country, saying the organization is withholding funds owed to Budapest as a means of political control.
Speaking to the Mandiner magazine on Wednesday, National Assembly speaker Laszlo Kover agreed that Hungary’s relations with the EU had reached a “low point,” amid an ongoing row over some €28 billion in funds earmarked for Budapest and currently frozen by the bloc until it implements various legal reforms.
“Europe is almost paralyzed by the fact that the institutional system originally created to ensure cooperation has turned against its masters, the member states, as a kind of golem. Today, the member states cannot control this cancerous bureaucracy,” he said.
We have to ask ourselves whether the European Union is still an association of independent and equal member states, or whether we are just one step away from becoming victims of another imperial expansion.
The politician went on to describe efforts within the EU to “create an economic governance that dissolves the sovereignty of the member states,” noting that practices such as joint borrowing and common currencies would further erode national independence.
While Kover said the European bloc remains “the best enforcement framework for Hungarian national interests,” he insisted the organization must meet its obligations to members, suggesting it has not done so in Hungary’s case.
“They want to interfere in the political process by withholding resources, and they would even expect us to be ashamed of it,” he continued. “It is a hybrid war – to use this fashionable term – that the globalists in Brussels are waging against Hungary and Poland, which are defending their sovereignty.”
In order to unlock the frozen funds, Budapest is expected to meet 27 so-called “super milestones” proposed by the European Commission, including judicial and media reforms, as well as a crackdown on corruption. The bloc has long accused Hungary of not abiding by the EU standards of the rule of law. Budapest, meanwhile, insists that the allegations are entirely politically motivated.
Hungary has also largely resisted pressure to follow a US-led sanctions campaign against Russia over its military operation in Ukraine, opting to retain its more friendly ties with Moscow. It has also refused to supply military aid to Kiev, even vetoing weapons packages proposed by the bloc, while Prime Minister Viktor Orban has pushed for talks between the warring parties to bring an end to the fighting.
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Book Review
Palantir CEO Calls for Draft to Fight the Empire’s Wars
Involuntary servitude is good for business
By Kurt Nimmo | Another Day in the Empire | April 20, 2026
In 2025, Alex Karp, the CEO of government and military tech contractor Palantir, published The New York Times best-seller, The Technological Republic: Hard Power, Soft Belief, and the Future of the West. The Wall Street Journal praised the book as a cri de coeur, a passionate appeal “that takes aim at the tech industry for abandoning its history of helping America and its allies,” while Wired praised the book as a “readable polemic that skewers Silicon Valley for insufficient patriotism.”
On April 18, 2026, Palantir posted twenty-two points to social media summarizing the book. In addition to taking Silicon Valley to task for insufficient patriotism, advocating a role for AI in forever war, and denouncing the “psychologization of modern politics,” the Palantir post on X declares: “National service should be a universal duty. We should, as a society, seriously consider moving away from an all-volunteer force and only fight the next war if everyone shares in the risk and the cost.”
National conscription, a form of involuntary servitude, and the wars it portends, is good for business, especially for corporations within the orbit of the Pentagon, the CIA, and the national security state. Palantir fits comfortably within this amalgamation. … continue
Blog Roll
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- The desalination front: Water as Israel’s Achilles heel
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- Iran announces new Hormuz restrictions after US ceasefire violations
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- Abrupt Climate Change Also Occurred NATURALLY In The Past …25 Times During Last Ice Age
- Cave Discovery Reveals Today’s Desert Climates Were Recently Far Warmer, Wetter, Teeming With Life
- German Expert: Heat Dome Led To Record Temps In Western USA…Warmer In 1934, 1936
- New Study: No Linear Warming Or Glacier Retreat Along Northern Antarctic Peninsula Since 1980s
- An Inconvenient Tree: Uncovered In Alps… Europe Much Warmer Than Today 6000 Years Ago
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