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Tag Archives: peak oil
Norway Unfazed By Peak Oil Concerns
Norway Unfazed By Peak Oil Concerns When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between 2020 and 2035. Other majors including BP and Total SA see peak demand as coming between 2025 and 2040, as a result of […]
China’s economic boom is about to be cut short by peak oil, warns state-funded study
China’s economic boom is about to be cut short by peak oil, warns state-funded study A new scientific study led by the China University of Petroleum in Beijing, funded by the Chinese government, concludes that China is about to experience a peak in its total oil production as early as next year. Without finding an alternative […]
Peak oil in Latin America
Peak oil in Latin America This post is using mainly BP’s Statistical Review published in June 2017. Although these statistics put Mexico under North America, it is included here and added to South and Central America’s data at the end of this article. We start with 2 big oil suppliers: Brazil and Venezuela. Fig 1: […]
More Peak Shale: World’s Largest Miner Is Selling Its Shale Assets
More Peak Shale: World’s Largest Miner Is Selling Its Shale Assets Over the past several months, we have wondered if despite new all time high shale production, whether the US shale sector in the has peaked. Some of our recent thoughts can be found in the following articles: Why Some Hedge Funds Believe The Shale […]
Falling Interest Rates Have Postponed “Peak Oil”
Falling Interest Rates Have Postponed “Peak Oil” Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people are not aware of this power, including, I suspect, some of the people making today’s decisions to raise interest […]
James Howard Kunstler: The World’s Greatest Misallocation Of Resources
James Howard Kunstler: The World’s Greatest Misallocation Of Resources And why we appear poised to repeat it James Howard Kunstler returns to the podcast this week, observing that despite the baton being handed to a new American president, the massive predicaments we face as a society remain the same. And it seems the incoming administration […]
Peak Oil & System Justification: “Threatening” Status Quo
Peak Oil & System Justification: “Threatening” Status Quo It’s a lot easier to seek confirmation than information. So not only does the online world provide less information, it provides more spin and distortion of that information from an online empire of advocates that enables us as never before to find the voices we agree with, and […]
Thermodynamic Oil Collapse Interview: Why The Global Economy Will Disintegrate Rapidly
Thermodynamic Oil Collapse Interview: Why The Global Economy Will Disintegrate Rapidly The world is heading towards a rapid disintegration of its economic and financial system due to a “Thermodynamic oil collapse.” I spoke with Dr. Louis Arnoux of nGeni, about the details of the thermodynamics of oil depletion and its impact on the global economy. Unfortunately, […]
Peak Oil & System Justification: Avoidance
Peak Oil & System Justification: Avoidance The researchers found that being intolerant of ambiguity is associated with such conservative characteristics as unwavering certainty and strong loyalty to particular people and positions. Conservatives don’t feel the need to jump through complex, intellectual hoops in order to understand or justify some of their positions. They are more comfortable […]
Peak Oil; Climate Change; & System Justification Pt 10
Peak Oil; Climate Change; & System Justification Pt 10 Shaping our identity in large part by the groups we align ourselves with for emotional, psychological, cultural, and political reasons are powerful anchors—individually and collectively. All of us are much more inclined to seek out information and assurances which bolster who we believe ourselves to be […]
Peak Oil; Climate Change; & System Justification Pt 8
Peak Oil; Climate Change; & System Justification Pt 8 Of course it’s threatening to think that our lifestyles, systems of governing, and capitalist processes themselves may all face drastic changes in the not-too-distant future because of the facts and reality of Peak Oil and climate change! I’m certainly notthe poster-child for Peak Oil advocacy and lifestyles. I […]
China’s oil peak 45 years after the US peak
China’s oil peak 45 years after the US peak Fig 1: Oil crisis in China like in 2005? No. By order: Free roads for G20 in Hangzhou https://www.theguardian.com/world/2016/aug/31/china-hangzhou-propaganda-facelift-g20-summit Strategically published only days before the G20 summit the Wall Street Journal had an article on peak oil in China: China’s Decline in Oil Production Echoes Globally […]
Welcome to the Age of Crappy Oil
Welcome to the Age of Crappy Oil It’s been a while since we’ve heard about peak oil—the point at which we use up half the world’s reserves and see production terminally decline—but it’s happening. And yet, we still have enough oil left to burn our way to climate catastrophe. In a paper released at the end of July, […]
