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Tag Archives: peak oil
Energy Wars of Attrition: The Irony of Oil Abundance
Energy Wars of Attrition: The Irony of Oil Abundance Three and a half years ago, the International Energy Agency (IEA) triggered headlines around the world by predicting that the United States would overtake Saudi Arabia to become the world’s leading oil producer by 2020 and, together with Canada, would become a net exporter of oil around 2030. Overnight, […]
Peak Oil: The Underlying Reality
Peak Oil: The Underlying Reality Sir, Martin Wolf, in ‘Cheap oil puts humanity on a slippery slope’ (December 2) states: ‘The emergence of shale oil underlines what was already fairly clear, namely, that the global supply capacity is not only enormous but expanding. Forget peak oil.’ He is mistaken. Even the International Energy Agency acknowledges […]
Peak oil in the South China Sea (part 1)
Peak oil in the South China Sea (part 1) The recent deployment of missile launchers and jet fighters on Woody Island of the Paracel islands have put the spotlight on the South China Sea (SCS). Fig 1: The 200 mile Economic Exclusion Zone claimed by China around Woody Island and the overlapping 108 nm range of the HQ-9 SAM […]
Peak Oil: Just A Distraction Pt 3
Peak Oil: Just A Distraction Pt 3 … [T]here is no intellectually honest way to believe that the world can continue its near-total reliance on fossil fuels for much more than another decade — a paltry window of opportunity. We also know that we cannot wait until they go into decline before reaching for renewables […]
Foiled by Oil
Foiled by Oil “Pemex revenues are down 70% in the past 18 months. That is what Peak Oil looks like.” “Oil in the ground is wealth only on paper – you may own that oil, but it earns you nothing until you recover and sell it. Yet paper wealth is still wealth. It goes on […]
Peak Oil: Just A Distraction Pt 2
Peak Oil: Just A Distraction Pt 2 In the end, does the choice of words really matter? The “Yes, we’ve reached Peak Oil” versus the “No, we have not” is a distraction—and I’ve done my part to contribute. But without recognizing and accepting the simple truth that we’re drawing down a finite and depleting resource […]
A Market Collapse Is On The Horizon
A Market Collapse Is On The Horizon What is ahead for 2016? Most people don’t realize how tightly the following are linked: 1. Growth in debt 2. Growth in the economy 3. Growth in cheap-to-extract energy supplies 4. Inflation in the cost of producing commodities 5. Growth in asset prices, such as the price of […]
GAO asks Congress to prepare for Peak Oil
GAO asks Congress to prepare for Peak Oil [The Department of Energy (DOE) asked Robert Hirsch to come up with a peak oil risk management and mitigation plan which was published in 2005. Nothing happened, so in 2007 the Government Accountability Office asked Congress to prepare for Peak oil because of the many risks that could suddenly […]
Peak Oil: Just A Distraction Pt 1
Peak Oil: Just A Distraction Pt 1 Remember, peaking in production, by definition, means that you have plenty of oil left. It has nothing to do with running out.…[T]he only people who ever use the phrase ‘running out of oil’ are people who either don’t understand Peak Oil, or people trying to mislead an audience […]
Understanding peak oil theory, 2007 U.S. House hearing
Understanding peak oil theory, 2007 U.S. House hearing House 109-41. December 7, 2005. Understanding the Peak Oil theory. U.S. House of Representatives. [What follows are excerpts from the 95 page transcript of this hearing, the only one about peak oil and the possibility that peak production may happen soon. And also the only hearing where most of […]
Whatever Happened to Peak Oil?
Whatever Happened to Peak Oil? A few months from now, this blog will complete its tenth year of more-or-less-weekly publication. In words the Grateful Dead made famous, it’s been a long strange trip: much longer and stranger than I had any reason to expect, certainly, when I typed up that first essay and got it posted […]
Peak Oil: One-Sentence Problem-Solving
Peak Oil: One-Sentence Problem-Solving As is still the case—unfortunately, for all of us—there remains a sizeable number of individuals, organizations, and other associations determined at all costs [literally] to preserve the primacy of fossil fuels to power us into the future. Facts: good when they can be massaged to fit the partial-truth narrative required to […]
ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun
ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun. This is just another nail in a series of nails that have been driven into the U.S. Empire coffin. Unfortunately, most investors don’t […]
The U.S. Military on Peak Oil and Climate Change
The U.S. Military on Peak Oil and Climate Change CNA. May 2009. Powering America’s Defense: Energy and the Risks to National Security. Center for Naval Analyses. 74 pages. The destabilizing nature of increasingly scarce energy resources, the impacts of rising energy demand, and the impacts of climate change all are likely to increasingly drive military […]
