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Peak Oil Is Back

Peak Oil Is Back Where did all the oil go? The peak is back An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review […]

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Peak Oil: Are We Not Better Than This? Pt 4

Peak Oil: Are We Not Better Than This? Pt 4   I’ve mentioned in the prior posts of this series that there were two articles posted online a number of weeks ago *  which caught my attention for reasons which at first puzzled me. No disrespect intended either author, but the contents of each were fairly […]

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Parliamentary group warns that global fossil fuels could peak in less than 10 years

Parliamentary group warns that global fossil fuels could peak in less than 10 years British MPs launch landmark report on impending environmental ‘limits’ to economic growth A report commissioned on behalf of a cross-party group of British MPs authored by a former UK government advisor, the first of its kind, says that industrial civilisation is currently on […]

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Peak Oil: Time To Get Serious Pt 2

Peak Oil: Time To Get Serious Pt 2 If nothing else, we’ll need to recognize that, like climate change, Peak Oil is not some event looming on a distant horizon. Peak Oil is happening now. We must guard against the notion that Peak Oil’s impact (like climate change) is just a one-time, cataclysmic episode “scheduled” […]

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A Personal Appreciation of M. King Hubbert

A Personal Appreciation of M. King Hubbert A recent vacation afforded me the opportunity to read The Oracle of Oil, Mason Inman’s excellent new biography of Marion King Hubbert. I strongly recommend it. But, rather than writing a standard book review (which might cover much of the same ground as this one by Frank Kaminski), I’m inspired instead […]

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Peak Oil: Time To Get Serious Pt 1

Peak Oil: Time To Get Serious Pt 1 The truths, unpleasant though they may be, are the truths: inexpensive, readily available oil is slowly but surely becoming less readily available, more expensive, and harder to come by. Current conditions [ultra-low prices; curtailed/canceled oil production and exploration projects; over-supply; declining investments; high debt] only highlight that […]

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World Crude plus Condensate Decline Rate

World Crude plus Condensate Decline Rate There is concern that World C+C may decline steeply after the peak, I believe those concerns are over blown. There is always the possibility that there could be a severe recession due to high debt levels, high oil prices or potentially due to both problems in combination. War and […]

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Peak Oil: We All Do This, But…. Pt 2

Peak Oil: We All Do This, But…. Pt 2 I ended last week’s post on the topic of Confirmation Bias* with these questions: After all, who among us wants to be wrong about important matters on which we’ve staked no small amount of credibility? But what if being wrong about those important matters winds up being the least […]

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Peak Oil: Are We Not Better Than This? Pt 1

Peak Oil: Are We Not Better Than This? Pt 1 I’ll confess that I hesitated before starting this series. It was too easy to again just dive into mockery and sarcasm over pieces written several weeks ago by those who refuse to give credence to the concept of peak oil and/or its implications. [It’s also the gateway […]

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US shale oil peak in 2015

US shale oil peak in 2015 The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel shows that the number of drilling rigs has dropped sharply but the initial well production per rig has increased from […]

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Peak Oil: We All Do This, But…. Pt 1

Peak Oil: We All Do This, But…. Pt 1 Confirmation bias is the tendency of individuals to pay attention to or believe information that confirms the personal values and beliefs they already hold, rather than allowing their beliefs to be changed by new information. It’s a powerful force that many researchers have suggested plays a […]

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Peak Oil: Are We Not Better Than This? Intro

Peak Oil: Are We Not Better Than This? Intro One-sided stories or news features serve many purposes. Unfortunately for the public, serving their interests is rarely if ever one of the objectives … or outcomes. Who among us doesn’t want an endless parade of good news about issues great, inconsequential, and all in between? For […]

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Peak Oil: Choosing Chaos … or Not

Peak Oil: Choosing Chaos … or Not If/when a petroleum shortage impacts it will concentrate minds wonderfully. But when it comes the window of opportunity could be brief and risky. If things deteriorate too far too fast there could easily be too much chaos for sense to prevail and for us to organize cooperative local alternative systems. […]

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An Empirical Model For Oil Prices and Some Implications

An Empirical Model For Oil Prices and Some Implications Introduction This work is preliminary. It is a preview of part of a paper I am writing with Aude Illig. There are three main reasons I am making this post. The first is as a public service. There are many people reading this blog who are […]

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Peak Oil: Simplicity Has Its Disadvantages

Peak Oil: Simplicity Has Its Disadvantages Few of us appreciate just how much we rely upon inexpensive, readily-available supplies of energy to live our lives. [W]hat future awaits us if we cannot be courageous and honest enough to plan for that future with the full range and understanding of all the facts now at our […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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