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The Oil Crisis Puts The Entire U.S. Economy At Risk
The Oil Crisis Puts The Entire U.S. Economy At Risk Job losses, well shut-ins, and bankruptcies have replaced the praise surrounding the shale oil boom that greatly enhanced America’s energy independence and gave President Trump a reason to tout energy dominance. Now, the federal government is mulling over ways to help the industry curb its […]
False Solutions to Climate Change: Real Solutions
False Solutions to Climate Change: Real Solutions Editorial Note: This is Part 6 of Mary Wildfire’s series on false solutions to climate change. You can read Part 1 on Electricity here, Part 2 on Transportation here, Part 3 on Agriculture here, Part 4 on Buildings here. and Part 5 on Geoengineering here. It’s become increasingly clear that climate change is not only real […]
This Energy Analyst Says the Oil Sands Are ‘Done’
This Energy Analyst Says the Oil Sands Are ‘Done’ COVID-19 is making many bearish about bitumen. Deborah Lawrence’s past pessimism has proven unpopular, and correct. Deborah Lawrence used to be a stockbroker with Merrill Lynch. Over the past decade, the independent economic analyst has developed a reputation for telling oil investors what they don’t want […]
How the first phase of peak oil brought Virgin Australia into minus after 2008
How the first phase of peak oil brought Virgin Australia into minus after 2008 Fig 1: The conventional crude oil plateau started in 2005 At the end of the high oil price period in June 2014, Virgin Australia had liabilities of $ 4.7 bn. Despite lower oil prices it never got rid of that debt. […]
Impact of Corona Virus similar to some earlier peak oil scenarios
Impact of Corona Virus similar to some earlier peak oil scenarios Empty roads, grounded aircraft, falling tourist and international student numbers, plunging car sales, empty super market shelves, disrupted supply chains… Fig 1: Empty roads in Wuhan in February 2020 China Car Sales Slump 92% in First Half of February on Virus 21 Feb 2020 […]
Green Energy Delusion – We Can Never Get to Zero CO2
Green Energy Delusion – We Can Never Get to Zero CO2 This interesting documentary exposes the falsehood about green energy and the outright lies we are told that somehow this will save the planet. They call it BioMass energy which is cutting down forests and burning trees that consume CO2. The carbon dioxide released when burning wood (about […]
Oil Producers May Ditch Old FPSO Offshore Projects In This Downturn
Oil Producers May Ditch Old FPSO Offshore Projects In This Downturn The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their original resources at just $2.20 per barrel this year. This is a jaw-dropping decline from 2019’s […]
U.S. Oil, Gas Rigs Fall Below 400 For The First Time Since 1940
U.S. Oil, Gas Rigs Fall Below 400 For The First Time Since 1940 Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 34, falling to 374, with the total oil and gas rigs sitting at 614 fewer than this time last year as […]
Will covid-19 delay peak oil?
Will covid-19 delay peak oil? With global demand having fallen by about 29 million barrels per day from a year ago, it seems like this pandemic might delay peak oil production while the pandemic and consequent depression lasts, since so much less oil is being consumed. Since storage is getting full, many oil producers are […]
Solar, Wind, & Subterfuge
Solar, Wind, & Subterfuge Raw Realities of Renewable Energy Something that long hasn’t set well with me in the green movement is that so much of it is based on marketable products. For example, not long ago, the world was set alight by the idea of plant-based soda bottles. It was as if making plastic […]
U.S. Oil Companies Are Cutting Production Much Faster Than Expected
U.S. Oil Companies Are Cutting Production Much Faster Than Expected The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday. It was U.S. President Donald Trump that suggested at the beginning of April, prior to the most recent OPEC deal signing […]
Visualizing America’s Energy Use, in One Giant Chart
Visualizing America’s Energy Use, in One Giant Chart Have you ever wondered where the country’s energy comes from, and how exactly it gets used? Well now, thanks to Visual Capitalist’s Jeff Desjardins, we have the answer as The Lawrence Livermore National Laboratory (LLNL) crunches the numbers every year, outputting an incredible flow diagram that covers the broad […]
THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered
THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered ExxonMobil, the largest oil company in the U.S. and a direct descendant of John D. Rockefeller’s Standard Oil, days are numbered. The once-great profitable oil giant is now borrowing money just to pay dividends. How long can this charade go on? Good question. Now, […]
US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse
US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse Petrodollar panic? As tensions between OPEC (cough – the Saudis – cough) and Washington rise over the supply (and price) of oil globally amid a pandemic-driven demand collapse, it would appears President Trump may have just gone ‘nuclear’. “…there will be blood.” The Wall Street Journal […]
Planet of the Humans: Reviewing the Film and its Reviews
Planet of the Humans: Reviewing the Film and its Reviews If you haven’t seen the latest (and arguably the most contentious) documentary on renewable energy, be prepared for an aftertaste of mixed feelings. Joining hands with the controversial Michael Moore, environmentalist and filmmaker Jeff Gibbs has sent an eerie message that is now somewhat dividing […]
