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Analysis: World has already passed ‘peak oil’, BP figures reveal
Analysis: World has already passed ‘peak oil’, BP figures reveal The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. The 2020 edition of the annual outlook reveals – albeit indirectly – that global oil demand will not regain the levels seen last year. It adds that demand could […]
The Political Economy of Deep Decarbonization: Tradable Energy Quotas for Energy Descent Futures
The Political Economy of Deep Decarbonization: Tradable Energy Quotas for Energy Descent Futures Abstract This paper reviews and analyses a decarbonization policy called the Tradable Energy Quotas (TEQs) system developed by David Fleming. The TEQs system involves rationing fossil fuel energy use for a nation on the basis of either a contracting carbon emission budget […]
Africa Is The Undeniable Final Frontier For Oil
Africa Is The Undeniable Final Frontier For Oil The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers, idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. […]
THE INSANITY CONTINUES: Massive Diesel Engines Used To Balance Australia’s Renewable Energy Fiasco
THE INSANITY CONTINUES: Massive Diesel Engines Used To Balance Australia’s Renewable Energy Fiasco How does Australia deal with the terrible and chaotic wind and solar power intermittency problem in its electric grid? How about with massive diesel engines used to power large ships?? Sound crazy? Not in Australia. If a country is going to ramp […]
The Debt Crisis Is Mounting For Oil Economies
The Debt Crisis Is Mounting For Oil Economies Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The two emirates this year issued debt for the first time in years. So did Bahrain. Saudi Arabia stepped up its debt issuance. The moves are typical for the oil-dependent Gulf economies. When the going is good, the […]
How much oil left in America? Not much
How much oil left in America? Not much Preface. If you think we have no worries because we can get arctic oil, think again. We can’t because icebergs mow drilling platforms down in the ocean. On land, massive amounts of expensive new drilling rigs, roads, rail lines, platforms, buildings and other infrastructure need to be built, […]
The Political Economy of Deep Decarbonization: Tradable Energy Quotas for Energy Descent Futures
The Political Economy of Deep Decarbonization: Tradable Energy Quotas for Energy Descent Futures Energies 2020, 13(17), 4304; https://doi.org/10.3390/en13174304 (This article belongs to the Special Issue Rethinking Energy: Earth System Science Approaches 2020) Download PDF Abstract This paper reviews and analyses a decarbonization policy called the Tradable Energy Quotas (TEQs) system developed by David Fleming. The TEQs system involves rationing […]
If Trudeau Suddenly Looks Green, Here’s Why
If Trudeau Suddenly Looks Green, Here’s Why Fossil fuels flagging, the economy demands reinvention. Expect a bold gamble of a throne speech. Prime Minister Trudeau has urged for Canada ‘an economic ecosystem where clean-tech companies can thrive. This is the next great economic frontier.’ Original photo before tinting: Government of Canada. Justin Trudeau’s imminent green gamble, […]
Delaware Just Sued 30 Fossil Fuel Companies and the American Petroleum Institute Over Climate ‘Denial and Disinformation’
Delaware Just Sued 30 Fossil Fuel Companies and the American Petroleum Institute Over Climate ‘Denial and Disinformation’ Delaware, the home state of Democratic presidential candidate Joe Biden, announced on Thursday, September 10 that it is taking dozens of major oil and gas companies including BP, Chevron, and ExxonMobil to court over the rising costs of climate impacts […]
The Net Zero Emissions Lie
The Net Zero Emissions Lie Cutting carbon emissions has become a central focus of countries and companies alike in the past decade. The oil majors are racing to ‘go green, Microsoft has pledged to go ‘carbon negative’, and over 20 nations have either committed to or achieved net-zero carbon targets. For public companies, the incentives to go green are […]
The End of Oil is Near, or Maybe Not
The End of Oil is Near, or Maybe Not The cover of the September/October 2020 issue of Sierra magazine states “The End of Oil is Near”. The corresponding story “The End of Oil?” was paralleled with a recent segment on Democracy Now. I think that is wishful thinking. To the extent that oil demand goes down […]
“It’s Happening Again” – Traders Store Oil At Sea As Recovery Falters
“It’s Happening Again” – Traders Store Oil At Sea As Recovery Falters Crude prices slid Thursday as the stalled global economic recovery from the virus pandemic triggers a “second wave” of demand fears and sparks renewed interest in floating storage as the oil market flips bearish. Reuters said a “fresh build-up of global oil supplies, pushing traders including Trafigura […]
Private Equity Is Bargain Hunting In Canada’s Oil Patch
Private Equity Is Bargain Hunting In Canada’s Oil Patch After two months of an encouraging—if not half-hearted–rebound, oil prices have gone into reverse gear once again. Futures tied to WTI crude were down a whopping 8% on Monday morning to trade at $36.35/barrel, a level they last touched two months ago as the markets come […]
