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Tag Archives: peak oil
Peak Oil: Stark Realities
Peak Oil: Stark Realities We face a choice going forward. There’s a kind of false dichotomy, a false choice that we’re being presented between policies on the left or policies on the right. It’s not left or right, it’s forward or backward. It’s a choice between investing in the future, leaving […]
OPEC, except for Iran, Has Peaked
OPEC, except for Iran, Has Peaked The OPEC Monthly Oil Market Report is out. OPEC took a hit in December, down 205,000 barrels per day. After examining the past and present production numbers, I believe that OPEC, except Iran, has peaked. That is, the combined production from all the other OPEC nations, has peaked. And any additional production […]
2016: Oil Limits and the End of the Debt Supercycle
2016: Oil Limits and the End of the Debt Supercycle What is ahead for 2016? Most people don’t realize how tightly the following are linked: Growth in debt Growth in the economy Growth in cheap-to-extract energy supplies Inflation in the cost of producing commodities Growth in asset prices, such as the price of shares of stock […]
Where actually is that much-hyped global oil glut?
Where actually is that much-hyped global oil glut? The media is full with news that there is a global oil glut. There are now more than 3bn barrels of excess oil in the world 13/11/2015 http://www.telegraph.co.uk/finance/oilprices/11993687/There-are-now-more-than-3bn-barrels-of-excess-oil-in-the-world.html Record oil glut stands at 3bn barrels 13/11/2015 http://www.bbc.com/news/business-34808487 It was parroted by the Australian public broadcaster ABC TV, […]
The Crude Oil Export Ban–What, Me Worry About Peak Oil?
The Crude Oil Export Ban–What, Me Worry About Peak Oil? Congress ended the U.S. crude oil export ban last week. There is apparently no longer a strategic reason to conserve oil because shale production has made American great again. At least, that’s narrative that reality-averse politicians and their bases prefer. The 1975 Energy Policy and Conservation Act (EPCA) that […]
We are at Peak Oil now; we need very low-cost energy to fix it
We are at Peak Oil now; we need very low-cost energy to fix it This past week, I gave a presentation to a group interested in a particular type of renewable energy–solar energy that is deployed in space, so it would provide electricity 24 hours per day. Their question was: how low does the production cost […]
Report: Eagle Ford Shale Has Peaked, Lifting of Oil Export Ban Could Drain Field More Quickly
Report: Eagle Ford Shale Has Peaked, Lifting of Oil Export Ban Could Drain Field More Quickly A new report published by the Post Carbon Institute concludes that Texas’ Eagle Ford Shale basin, the most prolific shale oil basin in the U.S., has peaked and reached terminal decline status. The Post Carbon report dropped just as Congress is on the […]
Peak Oil: Imagine
Peak Oil: Imagine Imagine what would happen if citizens took a moment or two to ponder the implications of the nonsense peddled to them daily by those public voices having decidedly different priorities than the public’s continued well-being…. Thanks to investment into supercomputers, robotics and the use of chemicals to extract […]
Egypt update: net oil importer and chokepoints
Egypt update: net oil importer and chokepoints Oil production and consumption Fig 1: Oil production vs consumption After a post-peak decline production has stabilized but consumption has increased relentlessly at a long-term 1.7% pa, slightly below population growth of around 2% pa. Egypt is now a net oil importer. On these trends, the gap between […]
Peak Oil: Right Again [Pt 2]
Peak Oil: Right Again [Pt 2] We continue with an examination of the statements offered in a recent example of cherry-picked nonsense, an article entitled: “Earth Is An Oil-Producing Machine — We’re Not Running Out.” The fine art of misleading the uninformed…. Delighted with the discovery that “Earth is actually an oil-producing […]
Collaboration and changing beliefs are two keys for a degrowth economy
Collaboration and changing beliefs are two keys for a degrowth economy Brazil is an amazing country, full of natural richness and blessed with many beauties. It has, however, a terrible sin on his shoulders: the thought that everything has to be done in a different, shorter, and faster way – in a way that takes […]
Despite Cheap Gas, Coming Back to Peak Oil [Infographic]
Despite Cheap Gas, Coming Back to Peak Oil [Infographic] Yesterday, in Virginia, I filled up my gas tank for $2.75 a gallon. At that price, even old peak oilers like my wife and I hardly think about poor old King Hubbard’s theory much these days. And though gas has been cheap in the U.S. for […]
