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Running Out Of Sweet Spots: Shale Growth May Not Materialize
Running Out Of Sweet Spots: Shale Growth May Not Materialize U.S. shale drillers are looking to boost production in the short term Industry data suggests that well depletion is advancing Drillers remain upbeat about the short term forecast for shale oil production During the last shale oil boom when producers were racing to see who […]
Days of reckoning
Days of reckoning Here’s something which will likely be universally unpopular: The government shouldn’t do anything to subsidise energy prices. I say this in the face of a £700 or so increase on annual bills announced today. And this is just the beginning, because, as Nils Pratley at the Guardian points out, when the price cap is raised again […]
#221. Strategies for a post-growth economy
#221. Strategies for a post-growth economy PART ONE: BUSINESS IN A NEW ERA Under current conditions, it’s increasingly hard to understand why the inevitability of economic contraction remains so very much a minority point of view. Many of us have long understood why past growth in material prosperity has gone into reverse. Here, with the SEEDS […]
Biden Presses Reluctant German Chancellor On Halting Nord Stream 2, Imposing Russia Sanctions
Biden Presses Reluctant German Chancellor On Halting Nord Stream 2, Imposing Russia Sanctions Macron was in Moscow in talks with Putin, and German Chancellor Olaf Scholz was in Washington meeting with Biden on Monday. Despite Germany lately coming under heavy criticism from the more hawkish corners of the NATO alliance for its less than muscular response to the […]
Fossil Fuel Companies Received $5.9T in Subsidies Worldwide
Fossil Fuel Companies Received $5.9T in Subsidies Worldwide Fossil fuel subsidies shield us from the real price at the pump Oil Refinery at Night 2020 was a banner year for fossil fuel subsidies worldwide propping up the world’s oil companies with $5.9T in subsidies according to the International Monetary Fund. Conservative estimates put US subsidies to oil companies […]
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It”
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It” It’s probably not the endorsement Biden’s flailing administration wanted. In a time when social networks have been swamped with photos of empty shelves from across the nation, Goldman’s head commodity strategist and one of the closest-followed […]
Climate change will damage energy infrastructure, costing trillions
Climate change will damage energy infrastructure, costing trillions Preface. Climate change and extreme weather will harm oil and gas exploration and production, electric power generation and increase energy demand due to sea level rise, heat, drought, floods, more storms, and blackouts. Extreme heat and drought will force electric power plants to shut down from lack of […]
Oil Frackers Brace for End of the U.S. Shale Boom
Oil Frackers Brace for End of the U.S. Shale Boom Limited inventory leaves the industry with little choice but to hold back growth, even amid high oil prices The end of the boom is in sight for America’s fracking companies. Less than 3½ years after the shale revolution made the U.S. the world’s largest oil producer, companies […]
Watch: Oil Production Ship Explodes Off Nigeria’s Coast
Watch: Oil Production Ship Explodes Off Nigeria’s Coast Nigeria could be facing an environmental disaster as a floating, production, storage, and offloading (FPSO) vessel “Trinity Spirit” carrying 2 million barrels of crude exploded off the coast, according to The Independent. The incident occurred on Thursday morning at the Ukpokiti oil field off Nigeria’s coast. Shebah Exploration […]
Peak Fossil Fuels: overview of world peak oil, peak coal, & peak natural gas
Peak Fossil Fuels: overview of world peak oil, peak coal, & peak natural gas Source: World gas peaks in 2040 roughly. Delannoy L et al (2021) Assessing Global Long-Term EROI of Gas: A Net-Energy Perspective on the Energy Transition. Energies. https://doi.org/10.3390/en14165112 Preface. Below are overviews of peak oil, coal, and natural gas, each followed by additional […]
Dwindling French Gas Stockpiles Stoke Fears Of Winter Blackouts
Dwindling French Gas Stockpiles Stoke Fears Of Winter Blackouts The Brits aren’t the only European nation to find itself on the verge of a full-blown energy crisis. On Thursday, French natural gas pipeline operator GRTgaz warned that French gas stockpiles are much lower at this point in the year than they have been during years past […]
Oil Spikes On White House Report Russia Planning False Flag Against Ukraine Using ‘Graphic Video’, Crisis Actors
Oil Spikes On White House Report Russia Planning False Flag Against Ukraine Using ‘Graphic Video’, Crisis Actors The Washington Post is reporting Thursday bizarre and sensational claims by US intelligence saying that Russia planned to stage a false flag to justify a massive invasion of Ukraine. Specifically Russian intelligence is being accused of producing a fake […]
Fossil fuels vs climate action: A not-so-hidden dilemma
Fossil fuels vs climate action: A not-so-hidden dilemma When crossing the ocean by sea or by air small differences in the direction you take will result in huge differences in your ultimate destination. Back in the middle of the last century, human society might have made relatively minor adjustments in its trajectory, say, in the […]
Are Electric Cars the Solution?
Are Electric Cars the Solution? Or do visions of ‘clean’ robots supplying mobile freedom steer us down the wrong road? Makers of EVs also push ahead on self-augmenting automation. In other words, a car capable of driving itself while you doze. Is that truly ‘freedom’? Fifty years ago, the French political ecologist André Gorz explained that […]
Peak oil is here!
Peak oil is here! Preface. Peak oil is here! The global production of crude oil happened in November of 2018 (EIA 2020), and has declined for four years, enough time to officially declare global peak oil production. Conventional crude oil production leveled off in 2005, and peaked in 2008 at 69.5 million barrels per day (mb/d) […]
