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Qatar peak oil
Qatar peak oil Qatar announces it will leave OPEC Qatar to withdraw from OPEC in January 2019 Speaking at a news conference in the capital Doha, al-Kaabi said: “The withdrawal decision reflects Qatar’s desire to focus its efforts on plans to develop and increase its natural gas production from 77 million tonnes per year to […]
European oil consumption after North Sea Peak Oil
European oil consumption after North Sea Peak Oil Hors-d’oeuvre On the streets of Paris: 24 Nov 2018 Fuel price protests on the Champs Elysees https://france-inflation.com/prix-carburants.php 20 Nov 2018: The “gilets jaunes” have a hard time to convince truck drivers to join their movement https://www.francetvinfo.fr/economie/transports/prix-des-carburants/gilets-jaunes-les-routiers-divises_3045615.html They were more successful on the French island of Réunion in […]
Low Oil Prices: An Indication of Major Problems Ahead?
Low Oil Prices: An Indication of Major Problems Ahead? Many people, including most Peak Oilers, expect that oil prices will rise endlessly. They expect rising oil prices because, over time, companies find it necessary to access more difficult-to-extract oil. Accessing such oil tends to be increasingly expensive because it tends to require the use of greater […]
Kenneth S. Deffeyes’ HUBBERT’S PEAK: The Impending World Oil Shortage
Kenneth S. Deffeyes’ HUBBERT’S PEAK: The Impending World Oil Shortage This is the first of three books that the late geologist Kenneth S. Deffeyes, who passed away a year ago this week, wrote about the coming global oil crisis. The goal of these books is to provide readers a rudimentary understanding of oil, where it came from […]
What Is “Peak Oil” and How Can It Lead to Global Economic Collapse?
What Is “Peak Oil” and How Can It Lead to Global Economic Collapse? Despite a steadily improving economy in the US, the same cannot be said for much of the rest of the world. And while there are strong and growing economies in places like China that can literally give the US a run for […]
Are Claims Of Peak Oil Production In Russia Overblown?
Are Claims Of Peak Oil Production In Russia Overblown? Russian authorities have announced that domestic oil production hit 11.36 million barrels per day (bpd), on average, in September (Vedomosti, October 2). This marks a new historic peak, reached despite the often-cited poor shape of the Russian economy and negative impact of Western sanctions, not to […]
What If There Isn’t Enough Energy Going Forward?
Nuttapong/Shutterstock What If There Isn’t Enough Energy Going Forward? We’ll be forced to live with less. Maybe a LOT less. Currently the media is breathlessly cheering the record amounts of US oil production. Stories like this one get top billing on major news websites: Texas Gulf Coast exports more oil than it imports for the […]
Frank Kaminski reviews two peak oil documentaries from 2008
Frank Kaminski reviews two peak oil documentaries from 2008 BLIND SPOT: Peak Oil and the Coming Global Crisis A Documentary Directed, Written, Photographed, and Edited by Adolfo Doring–1 hour, 26 minutes and FUEL A Documentary Directed and Narrated by Josh Tickell–1 hour, 52 minutes These two documentaries on the world oil crisis came out in 2008, […]
Peak oil in China and the Asia Pacific (part 2)
Peak oil in China and the Asia Pacific (part 2) South China Sea: ‘Leave immediately and keep far off’ Fig 1: U.S. Navy P-8A Poseidon reconnaissance plane overflying disputed Spratly islands 11/8/2018 https://www.youtube.com/watch?v=dodbqgKn8js https://www.bbc.co.uk/news/av/world-asia-45152525/south-china-sea-leave-immediately-and-keep-far-off Fig 2: Subi reef location in the South China Sea Fig 3: CSIS image of Subi reef low tide elevation (976 […]
America The Insolvent
Satansgoalie America The Insolvent A reckoning is due. One the elites are already readying for. Watching the world these days, I’m experiencing the same fury that rises up from my gut when the driver in the car ahead me is weaving drunkenly, endangering everyone on the road. Fury is a normal and rational human response […]
10 years after the oil price spike: Is peak oil a process rather than a moment?
10 years after the oil price spike: Is peak oil a process rather than a moment? Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest price ever. By the following autumn the world economy […]
Peak oil in Asia Pacific (part 1)
Peak oil in Asia Pacific (part 1) This post uses data released by the BP Statistical Review in June 2018 https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html Oil production seems to have left its bumpy 6 year long (2010-2015) plateau of 8.4 mb/d and is now back to 2004 levels of 7.9 mb/d, a decline of 6% over 2 years. Fig […]
Peak oil in Venezuela: El Furrial oil field
Peak oil in Venezuela: El Furrial oil field We see the impact of the conventional oil peak in Venezuela. As an example let’s look at the El-Furrial field. Fig 1: Not La-Hora-Zero (yet) but low voter turn-out for the May 20 Maduro election http://800noticias.com/foto-caracas-desolada-este-domingo-en-pleno-proceso-electoralhttps://twitter.com/eutrafico Location Where is El Furrial? It is located 30 km west […]
