Friday, May 4, 2018

Event Update For 2018-05-03

The seas, lakes and oceans are now pluming deadly hydrogen sulfide and suffocating methane. Hydrogen sulfide is a highly toxic water-soluble heavier-than-air gas and will accumulate in low-lying areas. Methane is slightly more buoyant than normal air and so will be all around, but will tend to contaminate our atmosphere from the top down. These gases are sickening and killing oxygen-using life all around the world, including human life, as our atmosphere is increasingly poisoned. Because both gases are highly flammable and because our entire civilization is built around fire and flammable fuels, this is leading to more fires and explosions. This is an extinction level event and will likely decimate both the biosphere and human population and it is debatable whether humankind can survive this event.

A. More fires and more explosions, especially along the coasts, but everywhere generally.
B. Many more animal die-offs, of all kinds, and especially oceanic species.
C. More multiples of people will be found dead in their homes, as if they'd dropped dead.
D. More corpses found in low-lying areas, all over the world.
E. More unusual vehicular accidents.
F. Improved unemployment numbers as people die off.

Category: Variety Pack

2018-05-03 - Unknown rotten-egg odor blows through Aydin (Turkey):

Quote: "An unpleasant smell has caused uproar in the Efeler district of the western Turkish province of Aydin, with the authorities unable to trace the source of the rotten egg-like stench."

2018-05-03 - Mysterious explosions shook homes in the US and the UK in April and nobody knows what caused them:

2018-05-03 - Mysterious explosion shakes buildings in St. Lawrence County (New York):

2018-05-03 - Waste and recycling fires escalating rapidly:

Quote: "Waste and recycling industry seeing 93% increase in facility fires in first 4 months of 2018..."

Note: From the full hypothesis: "Trash-related facilities such as recycling centers and landfills will burn hard too, as hydrogen sulfide is absorbed into flammable absorbent materials like wood, paper, cardboard, straw, hay, dried brush, generic trash, clothing, cotton, wool."

2018-05-03 - Chemical plant devastated by massive fire and explosions in Rayne (Louisiana), evacuations ensue:

2018-05-03 - Indian space research facility damaged by massive fire in Ahmedabad (India):

2018-05-03 - Multiple underground electrical fires break out in coastal Brooklyn (New York):

2018-05-03 - Transformer bursts into flame near train tracks in coastal Rosebank (New York):

2018-05-03 - In separate incidents, two vehicles burst into flame on highways in Monongalia County (West Virginia):

Quote: "Officials say only one southbound lane is open on I-79 at mile marker 147 due to a vehicle fire. Authorities have also responded to another vehicle fire on I-68 westbound near Exit 1 at Grafton Road."

2018-05-03 - In separate incidents, car and motorcycle burst into flame in/near Shrewsbury (Britain):

Quote: "Firefighters extinguished the motorcycle fire at the Royal Mail car park in Castle Foregate, Shrewsbury, just after 4.30am yesterday. Meanwhile, in Ludlow Road, Cleobury Mortimer, firefighters tackled a car fire at about 10.20pm on Thursday."

2018-05-03 - Volcano Kilauea erupts in Hawaii, spews sulfur dioxide, after being shaken by magnitude 5.0 earthquake, roads cracking:

Quote: "The series of earthquakes came after a collapse of a crater floor of Pu'u 'O'o, which is a volcanic cone in the eastern rift zone of the Kilauea Volcano. Since that collapse, about 250 earthquakes were reported in the area into Tuesday evening, according to a Hawaiian Volcano Observatory status report. The tremors have been going on for days now, jarring residents, who've been reporting nearly constant ground vibrations in some areas. 'It has now become unnerving,' Carol Shepard, a resident, told CNN affiliate KHON. She said the flurry of earthquakes seemed to happen every minute. 'It'd be like the house would shake. It'd be like somebody that weighs 300 pounds came in my living room, and jumped up and down,' she said. Residents in the area have also reported cracks emerging on roads."

Quote: "CBS Honolulu affiliate KGMB-TV reported lava was shooting some 100 feet in the air and nearing several homes. Fire officials detected extremely high levels of dangerous sulfur dioxide in the air, the stations said."

2018-05-03 - Industrial plant heavily damaged by huge blaze in coastal Jubail (Saudi Arabia):

2018-05-03 - Tire plant heavily damaged by huge fire in Kiev (Ukraine):

2018-05-03 - Nearly 200 homes destroyed by fire at 3:35 AM in Meerut (India):

2018-05-03 - Six boats go up in flames while docked on Lake Monticello in Fluvanna County (Virginia):

Quote: "Six boats were destroyed by a fire in Lake Monticello at Dock 4 Thursday afternoon."

Quote: "The fire started unexpectedly Thursday afternoon on one of the docked boats. The fire burned the ropes on the boat, which caused many blazing boats to drift away and the dock to burn - leaving six families left to pick up the pieces. 'It might be difficult for the owners to identify the boats that are theirs because of the extent of the damage to them,' says Tom Boisvert, the Lake Monticello police chief. 'They're totally destroyed.'"

2018-05-03 - Boat bursts into flame just after 3 AM while docked in coastal Juneau (Alaska), nobody aboard:

2018-05-03 - Boat bursts into flame on Waterman Lake in Glocester (Rhode Island):

2018-05-03 - Boat bursts into flame while parked on trailer at park in Chatham-Kent (Canada):

Quote: "Witnesses say that a quick response from Chatham-Kent firefighters helped to prevent a boat fire from spreading at MacDonald Park on Thursday morning. A boat on a trailer caught on fire."

Note: These are the 377th, 378th, 379th, 380th, 381st, 382nd, 383rd, 384th and 385th boats/ships to burn/explode in 2018...

2018-05-03 - Car-hauler bursts into flame on I-71 in Ashland County (Ohio):

Quote: "Traffic slowed to a crawl before stopping completely as the southbound lanes of Interstate 71, near mile marker 192 in Ashland County, were closed as emergency crews rushed to battle a blazing car carrier Thursday evening. Nine cars that were being hauled were destroyed in the roadside inferno, with the semi itself becoming little more than molten metal on the highway's shoulder."

2018-05-03 - Car-hauler and some golf carts go up in flames while parked at business in Kill (Ireland):

Quote: "A large transporter-type lorry was extensively damaged during the incident as well a number of golf carts."

Note: These are the 27th and 28th car-haulers to burn in 2018...

2018-05-03 - Tractor trailer bursts into flame on I-395 near Auburn (Massachusetts):

Note: These are the 842nd, 843rd and 844th tractors/tankers/semis to burn/explode in 2018...

2018-05-03 - Garbage truck bursts into flame in the wee hours on street in Whitemarsh Township (Pennsylvania):

2018-05-03 - Amazon Treasure Truck bursts into flame at 1:30 AM while parked in lot in Philadelphia (Pennsylvania):

2018-05-03 - Box truck bursts into flame at gas station in Silver Spring (Maryland):

2018-05-03 - Box truck bursts into flame on street in Peabody (Massachusetts):

2018-05-03 - Cherry picker truck bursts into flame on Courtenay Street in coastal Plymouth (Britain):

2018-05-03 - RV bursts into flame while parked at home in Waterloo (Iowa):

Note: This is the 214th RV to burn/explode in 2018...

2018-05-03 - Van bursts into flame in driveway on Sheriff Road in Rugby (Britain):

2018-05-03 - SUV bursts into flame near Hot Springs Road in Harrison (Canada):

2018-05-03 - Pickup truck bursts into flame near intersection in Newark (Delaware):

2018-05-03 - Car bursts into flame near building on Shaw Boulevard in Monroeton (Pennsylvania):

2018-05-03 - Car bursts into flame on I-93 in Somerville (Massachusetts):

2018-05-03 - Car bursts into flame on I-12 in Livingston Parish (Louisiana):

2018-05-03 - Car bursts into flame on Bandjalong Crescent in Cook (Australia):

2018-05-03 - Car bursts into flame on William Slim Drive in McKellar (Australia):

2018-05-03 - Car bursts into flame on bridge in coastal Abu Dhabi (UAE):

2018-05-03 - Car bursts into flame on street in Sofia (Bulgaria):

2018-05-03 - Car bursts into flame on Long Mile Road near coastal Dublin (Ireland):

2018-05-03 - Car bursts into flame at roundabout near Blackburn (Britain):

2018-05-03 - Car bursts into flame on M6 slip road near Leyland (Britain):

2018-05-03 - Car bursts into flame on Ludlow Road in Cleobury Mortimer (Britain):

2018-05-03 - Vehicle bursts into flame, ignites brush fire, near Vesuvius (Virginia):

Quote: "A vehicle caught fire on Virginia 56 about 5:45 p.m., but by the time fire crews arrived, the flames spread into the foliage, said Nathan Ramsey, director of Rockbridge County Fire and EMS. He said by 9 p.m. about 180 acres had been scorched."

2018-05-03 - Semi trailer full of garbage bursts into flame at waste facility in Olean (New York):

2018-05-03 - RV trailer bursts into flame in Vincennes (Indiana):

2018-05-03 - Van, car, 2 more vehicles and barn destroyed by fire before 12:30 AM in Crestline (Ohio), kittens killed:

Quote: "The barn, built in 1904, was destroyed in the blaze, along with Hal's machine shop equipment and four vehicles, including a van and an old Mercedes. A litter of kittens also perished in the fire, which Jefferson Township Assistant fire Chief Rick Cochran estimated broke out between midnight and 12:30 a.m. Thursday."

2018-05-03 - Barn destroyed by fire at 7 AM near Frazee (Minnesota), 6,000+ turkeys killed:

2018-05-03 - Cellphone bursts into flame just before 1 AM on bed, bed ignites and burns child, in Jeanette (Louisiana), 1 injured:

2018-05-03 - Strip mall heavily damaged by fire at 12:30 AM in coastal Los Angeles (California):

2018-05-03 - Shopping center heavily damaged by huge fire in coastal Wilmington (North Carolina):

2018-05-03 - Bar damaged by roof fire in coastal Providence (Rhode Island):

2018-05-03 - Home damaged by fire in coastal Virginia Beach (Virginia):

2018-05-03 - Home heavily damaged by fire in the wee hours in Bergenfield (New Jersey):

2018-05-03 - Home destroyed by fire at 4:40 AM on Sand Creek Road in Decatur (Illinois):

2018-05-03 - Home destroyed by fire in Mansfield (New Jersey):

2018-05-03 - Home destroyed by fire in Oklahoma City (Oklahoma), pets killed:

2018-05-03 - Home destroyed by fire in Dracut (Massachusetts):

2018-05-03 - Home destroyed by fire in Seymour (Tennessee):

2018-05-03 - Home destroyed by fire in Rincon (New Mexico):

2018-05-03 - Lakefront home destroyed by fire on Kinderhook Lake in Niverville (New York):

2018-05-03 - Two homes go up in flames in Treme area in coastal New Orleans (Louisiana):

2018-05-03 - Four homes heavily damaged or destroyed by fire in coastal Baltimore (Maryland):

2018-05-03 - Multi-family home heavily damaged by fire on Wurz Street in Brentwood (New York):

2018-05-03 - Apartment building heavily damaged by fire in coastal Bronx (New York), 5 injured:

2018-05-03 - High-rise apartment building damaged by fire at 2 AM in Alexandria (Virginia), 3 injured:

2018-05-03 - Deadly fire burns mobile home on Lark Street in Londonderry Township (Pennsylvania), 1 killed:,33294

Quote: "This is the second fatal incident in two days in our township."

2018-05-03 - Deadly fire burns duplex in Grand Rapids (Michigan), 1 killed:

2018-05-03 - Vacant home destroyed by fire in Hornerstown (Pennsylvania):

2018-05-03 - Vacant duplex burns in coastal Portsmouth (Virginia):

2018-05-03 - Vacant tire business destroyed by fire in Baton Rouge (Louisiana):

2018-05-03 - Man, 30, acts erratic, enters the White River and dies near Indianapolis (Indiana):

Quote: "Witnesses told investigators a man was 'acting in an erratic manner' before entering the water. Indianapolis Fire Department personnel were able to reach the man, who was floating facedown in the water, at 10:07 a.m. He was pronounced dead at Eskenazi Hospital at 10:55 a.m."

2018-05-03 - Man has 'medical episode' and dies while driving, car hits car, in coastal Jacksonville (Florida):

Quote: "A driver involved in a two-vehicle crash Thursday on Jacksonville's Westside appears to have died during a medical episode before the collision..."

2018-05-03 - Man, 27, found dead in Marvin Fast Reservoir near Dallas (Oregon):

2018-05-03 - Person found dead in pond near Morris (Illinois):

2018-05-03 - Man, 56, found dead at home in Oaklawn (Kansas), 1900 feet from the Arkansas River:

2018-05-03 - Man dies in the Oconee River near Milledgeville (Georgia):

2018-05-03 - Man, 25, found dead in the South Saskatchewan River near Saskatoon (Canada):

2018-05-03 - Man, 22, found dead near Lake Minnewanka in Banff National Park (Canada):

2018-05-03 - Man, 47, has 'medical episode' and dies during arrest in Victoria (Australia):

Quote: "Police were asked to help transport the 47-year-old to hospital in relation to mental health issues on Thursday afternoon. The man ran when they arrived at the Buninyong property. He then appeared to have a medical episode after he was caught and officers tried to arrest him. Police and paramedics tried to revive the man, but he couldn't be saved."

2018-05-03 - Man, 28, found dead in Werribee Gorge State Park (Australia):

2018-05-03 - Man, 43, dies in theater while watching Avengers Infinity War in Proddatur (India):

2018-05-03 - Man found dead in the Wewe River in Newtown (South Africa):

2018-05-03 - Man found dead in the River Tees in Ingleby Barwick (Britain):

2018-05-03 - Man has 'medical incident' on passenger train in Sheffield (Britain):

Quote: "Trams are now running again in Sheffield after a medical incident led to services being suspended."

2018-05-03 - Driver has 'medical episode' car mows down woman and kills her, in Phoenix (Arizona):

Quote: "The woman died of her injuries as a hospital. The driver also was taken to a hospital and remained in critical condition Friday morning, police said.  The cause of the crash still is being investigated but early indications are the driver may have suffered a medical episode, police said."

2018-05-03 - Man, 62, goes into cardiac arrest and slumps over while driving, car hits CVS, in Yorktown Heights (New York):

Quote: "Corrado, who is from Carmel, was at a nearby 7-Eleven enjoying a Slurpee and the warm weather. 'When the car passed my passenger side, both windows were down," she says. "I could clearly see the gentleman behind the wheel was slumped over toward the passenger side.' She says when she reached him he was unconscious, and she believed he was in cardiac arrest."

2018-05-03 - Woman has 'medical emergency', car plows all the way through grocery store, in Folsom (California), 1 injured:

Quote: "Fire officials said a woman had a medical emergency in her vehicle, which likely caused it to go straight through the store."

2018-05-03 - Passenger plane hit by unknown odor, plane makes emergency landing in Springfield (Missouri):

Quote: "An American Airlines flight from Dallas- Fort Worth to Kansas City had to make an emergency landing Thursday in Springfield, Missouri, due to an odor in the cockpit."

2018-05-03 - Private jet carrying comedian Kevin Hart blows tire after landing at airport in coastal Boston (Massachusetts):

2018-05-03 - Small plane crashes into swamp just before 11:30 PM in the Florida Everglades (Florida), 2 injured:

2018-05-03 - Small plane lands at airport, runs off runway, in South Londonderry Township (Pennsylvania):

2018-05-03 - Small plane lands, runs off runway, at Reigle Airport in Palmyra (Pennsylvania):

2018-05-03 - Motorcycle crash fatalities spiking in 2018 in Utah:

2018-05-03 - Motorcycle crash fatalities in 2017 were worst in a decade in Virginia:

2018-05-03 - Two passenger trains collide near Cesky Krumlov (Czech Republic), 14 injured:

2018-05-03 - Ten vehicles crash, fire erupts, on I-20 in West Columbia (South Carolina), 1 killed, 4 injured:

2018-05-03 - Passenger bus crashes into ditch, bursts into flame, near Motihari (India), 5 feared dead:

2018-05-03 - Tanker truck and two tractor trailers crash on Highway 401 near Prescott (Canada), 1 killed:

2018-05-03 - Pickup truck veers off road, crashes into building, in Manhattan (Illinois), 1 injured:

2018-05-03 - Car crashes off seaside cliff at coastal Beachy Head (Britain), 1 killed:

2018-05-03 - Car crashes at 5:30 AM in Clarksburg (West Virginia), 1 killed:

Quote: "Clarksburg Police believe a medical issue may have contributed to a fatal wreck that occurred at 5:30 a.m. Thursday at the intersection of Pike and North Second streets."

2018-05-03 - Naked man, 23, chases children at park, gets arrested, in Statesboro (Georgia):

Quote: "'Have you ever heard of a naked man chasing kids on a playground in Statesboro,' we asked one resident? 'No. Not at all,' said parent, Quamaine Stimage. Neither have police. 'This is extremely rare,' said Cpt. James Winskey, Statesboro Police Department. 'Extremely rare. I've been here since 1997 and I can't remember one just like this.' Witnesses told police Woodruff came running out of the woods and across the street, completely nude. That's when he started chasing their toddlers around the playground. "

2018-05-03 - Naked man harasses people near school in Luxembourg City (Luxembourg):

Quote: "A strange event unfolded on outside Lycée Michel Lucius on Thursday afternoon. It was an unusual afternoon in front of the Lycée Michel Lucius, as a naked man ran around harassing people and motorists. The man hit people, knocked a motorbike over an tried to stop a car from driving away by hanging onto it."

2018-05-03 - Pit bull attacks and injures man, cops shoot dog, in South Hill (Washington):

2018-05-03 - Teenage girl pulled unconscious from swimming pool at Morwell Leisure Centre in Morwell (Australia):

2018-05-03 - The water war that will decide the fate of 1 in 8 Americans:

2018-05-03 - Melbourne's water supply is at risk, thanks to over-logging:

2018-05-03 - Climate change ignores all borders as rain bombs fall on Hawaii and the Middle East alike:

2018-05-03 - Nine tornadoes and hail hit the US Midwest as severe weather threatens 40 million people:

2018-05-03 - Powerful freak dust storm and thunderstorms kill many people in north India, highest death toll in decades:

2018-05-03 - Powerful storms pound Chicago (Illinois):

2018-05-03 - Heavy rain and flooding hit Syria and Israel:


  1. Good morning everyone, and I sincerely hope that you're all in good health and safe. There's so much destruction going on naturally, that adding the JJFH stuff (which is clearly worsening) makes it risky to get up and do practically anything.

    Pakistani city breaks April global record with day of 50C (122F) heat

    A Pakistani city has set a global record temperature for the month of April, with the mercury rising to more than 50C on Monday, prompting fears that people might leave to escape even higher temperatures when summer sets in. [more]

    [where are you going to GO? a cave somewhere perhaps?]

    Hawaii State of Emergency: Small Tsunami Followed Strongest Quake Since 1975 - SIX Fissures Have Opened up, Forcing Evacuations

    A large, 6.9-magnitude quake jolted Hawaii Island on Friday afternoon, just an hour after another sizable quake, amid an ongoing eruption of Kilauea that's triggered mandatory evacuations in Leilani Estates, sent lava spewing into streets and threatened homes.

    Six fissures - each several hundred yard longs - have been confirmed in the Puna subdivision, officials say.

    The 6.9-magnitude quake, which happened about 12:30 p.m., was the largest in Hawaii since 1975 . . .and triggered several landslides along the Hamakua Coast, including one that closed a lane for several hours. [more]

    Strong shallow 6.4 magnitude earthquake hits off the Philippines

    US ‘freezes funding’ for White Helmets as group’s Douma chem attack claim falls apart


    The latest from the war in Yemen

    [contains this embedded article]
    Green Berets Are Now On The Ground Assisting The Saudi War On Yemen In "A Marked Escalation"

    Saturday, 5 May 2018
    April set records for warm temperatures despite cold conditions

    Surface air temperature for April 2018

    April 2018 was warmer than the 1981-2010 average over almost all of Europe. It was particularly warm over central and south-eastern parts of the continent, with Germany recording its warmest April in a record that stretches back to 1881.

    Much of the Arctic Ocean and some neighbouring land areas were again substantially warmer than the 1981-2010 average. It was, however, colder than average in a band from the north-eastern coast of Greenland to Novaya Zemlya, where sea-ice cover was slightly higher than average. Temperatures were also well above average over coastal regions of Antarctica and over the Ross and Weddell Seas. Here sea-ice cover was below average.

    April 2018 was Australia’s second warmest April on record. Temperatures were also unusually high over drought-affected Argentina. Other areas of markedly above-average temperature include parts of Mexico and the American Southwest and much of North Africa, China and Mongolia. [more]

    [continued below]

  2. Arctic winter warms up to a low summer ice season

    Shock and Thaw—Alaskan Sea Ice Just Took a Steep, Unprecedented Dive

    Winter sea ice cover in the Bering Sea did not just hit a record low in 2018; it was half that of the previous lowest winter on record (2001), says John Walsh, chief scientist of the International Arctic Research Center at the University of Alaska Fairbanks. “There’s never ever been anything remotely like this for sea ice” in the Bering Sea going back more than 160 years, says Rick Thoman, an Alaska-based climatologist with the National Oceanic and Atmospheric Administration. [more]

    Earthquake 3D Live Seismic Stream - LIVE EARTHQUAKES 24/

    Horses trapped in muddy northern Arizona pond buried on site

    More than 100 horses found dead this week at a muddy watering hole in northern Arizona are being buried at the site. [more]

    The light from the moon is behind the moon!

    The Moon was giving off a beam of light straight up for about the first 30 minutes or so after rising on the horizon. [more]

    Fish fall from the sky in Iran, China and India (video)

    within the last two days, fish rains were reported in Iran, China and India. [more]

    TWELVE sinkholes appear in Ocala, Florida forcing eight home evacuations as officials grapple with what is causing the problem

    The sinkholes began appearing around pond in Wynchase, Ocala on the night of April 25, 2018, but have continued forming over the last two weeks. Now they are 12 huge craters… And they are moving closer to houses. Baffled engineers are carrying out tests (without any success yet) and the retention pond has now been drained. [more]

    Kids Challenge Alaska’s Climate Paradox: State Promotes Oil Drilling as Global Warming Wreaks Havoc

    The dangers of climate change are immediate and extreme here, yet most of Alaska's revenue comes from the expanding oil and gas industry. [more]

    Brad Pitt’s Comedy Central sketch on climate change is no joke

    Climate hallucinations/Weekend Reader for Sunday, May 6

    NASA satellite measures height of smoke column on Tinder Fire

    Officials confirm 33 homes destroyed at the Tinder Fire

    At least 54 outbuildings also burned, for a total of 87 structures [more]

  3. My area weathered the storms pretty well. A lot of beneficial rain, but no catastrophic flooding.

    But speaking of "More cowbell".....

    Yesterday I discovered this music YouTube channel called 'Munrows Retro" and Holy Effing Shit!! Check it out while there's time! Lol... Seriously...this guy is a genius taking old great songs and making awesome videos to them.

  4. Good stuff, Mike! I've thought about using a quote for the daily quote from 'Don't Fear The Reaper', but so far I haven't, because it's a downer - but I love the song personally. Plus, that seems like a good one to hold back on until things get even more grim than they already are. Anyway, rockin' channel - thanks!

    1. You're more than welcome. I like what Munrows did with "Jane" by Jefferson Starship. A memorial to that cute, sexy little Anton Lavey'an Satanist Jane Mansfield. LOL!

    2. These 2 videos are just awesome. This one incorporates an old Roman Polanski film. The intro is hilarious...

      ....and I think David Lynch would love this video...

    3. This comment has been removed by the author.

  5. Another great find by Mike D.! Thanks for checking in!

    48 years ago US troops massacred Ohio students and covered it up (VIDEO)

    [note the one comment with link, check it out]

    Ohio- Crosby, Stills, Nash and Young

    BLACK BEAR NEWS 5.5.18 For global water crisis, climate change may be the last straw.

    [~ 45 min. video]

    Lightning bolt kills shepherd and over 200 sheep, goats in Pakistan

    Video compilations of M6.9 earthquake near the south flank of erupting Kilauea volcano in Hawaii

    A magnitude 6.9 earthquake hit Hawaii’s Big Island about 12:33pm Friday and was centered near the south flank of Kilauea volcano. It is the strongest earthquake to hit Hawaii since 1975 when a magnitude 7.1 struck in the same area. Here two video compilations of the strong earthquake [more]

    Eruptions of Kilauea (Hawaii, USA), Cleveland (Alaska, USA) Piton de la Fournaise (Reunion Island, France) and Pacaya (Guatemala)

    Here a compilation of the latest major volcanic eruption around the world: Kilauea (Hawaii, USA), Cleveland (Alaska, USA) Piton de la Fournaise (Reunion Island, France) and Pacaya (Guatemala).

    Globalization Is Competitive Self-Destruction

    The Globalized infinite growth model is heading for the brick wall of finite globe. At full speed ahead. There's a reason why Energy companies are lagging the price of oil - because they've turned into call options on the indefinite status quo

    What is happening in the oil industry is instructive for the failed economics profession to learn about the ways of the poverty trap. Specifically the recycling of cheap poverty capital back into an industry suffering from over-capacity. Conventional economics posits that supply is correlated to price - when price rises, supply rises commensurately. However, in the real world when income - be that corporate, national, or household - is reduced, then supply must rise to offset the drop in price. Think of someone who loses a high paying job now having to work multiple McJobs to make ends meet. Meaning that gluts become larger as price falls. Which is what serial proven idiots didn't learn in 2014...

    Because of this "dynamic" most U.S. shale oil will ultimately be produced at a colossal loss, ending in wholesale corporate bankruptcy. [more]