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Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines The global economy would be in serious trouble if it weren’t for the rapid growth of U.S. shale oil production. Since the 2008 financial crisis, U.S. shale oil production has increased by more than 6 million barrels per day. Without these additional […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 3)
Australian Fuel Security Review ignores peak oil in China 2015 (part 3) Australia increased its internal oil dependency & vulnerability Let’s summarize what we covered in part 1 and 2 Australian oil production peaked in the year 2000 while oil consumption is going up relentlessly 3 Australian refineries closed, resulting in fuel imports dramatically increasing, […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 2)
Australian Fuel Security Review ignores peak oil in China 2015 (part 2) Coming back to the 2019 Liquid Security Reviewhttps://www.environment.gov.au/energy/liquid-fuel-security-review-consultation Figures 9-11 in part 1 show how dependent Australia has become on fuel imports from South Korea and Japan, even China. The Review is aware of this, as shown on this map: Note that any […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 1)
Australian Fuel Security Review ignores peak oil in China 2015 (part 1) Just a week before a Federal election was called the Australian Minister for Energy, Markus Taylor, released an interim report on fuel security on 4th April 2019 for public consultation (hereinafter called “Review”). The announcement of the report release was done without great fanfare, […]
Energy Dominance Isn’t Just a Trump Obsession
Energy Dominance Isn’t Just a Trump Obsession Energy Dominance should be the catchphrase of the day. It’s on the minds of every political figure, and the focus of every economy. This is especially true of those vulnerable to a change in the status quo, namely Saudi Arabia. While some continue to believe the gyrations of […]
How the Peak Oil story could be “close,” but not quite right
How the Peak Oil story could be “close,” but not quite right A few years ago, especially in the 2005-2008 period, many people were concerned that the oil supply would run out. They were concerned about high oil prices and a possible need for rationing. The story was often called “Peak Oil.” Peak Oil theorists have also […]
The Shale Oil Revolution Actually Reflects a Nation in Decline
Shutterstock The Shale Oil Revolution Actually Reflects a Nation in Decline Faster consumption + no strategy = diminished prospects Here in the opening month of 2019, as the US consumes itself with hot debate over a border wall, far more important topics are being ignored completely. Take US energy policy. In the US press and […]
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 […]
