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Tag Archives: peak oil
Right Again, Pt. 1
Right Again, Pt. 1 Human nature being what it is, predictably there are those who still harbor doubts about certain issues pertaining to current and future fossil fuel supplies. There is, however, no doubt that there’s an over-abundance of juvenile, fact-free nonsense passing as gospel truth from industry cheerleaders and media counterparts. To whose benefit […]
Absolutely Right
Absolutely Right Good to see that even after months on hiatus, not much changes on the Right, right? First up: The shale revolution has opened additional centuries of low-cost hydrocarbon resources to modern society…. The anti-fossil fuel environmental movement is in despair. For decades, proponents of the ideology of sustainable development preached that humanity was […]
The US-Russia gas pipeline war in Syria could destabilise Putin
The US-Russia gas pipeline war in Syria could destabilise Putin Military solutions are not the answer to the perfect storm of climate, energy, food, economic and geopolitical crises facing Russia For the last few years, the Saudi kingdom’s insistence on pumping oil at high capacity has dramatically depressed oil prices. The result has undermined Saudi’s major oil […]
Peak Oil Ass-Backwards (part 3): Forget Austerity and Grexit – it’s Time for a Gretaway!
Peak Oil Ass-Backwards (part 3): Forget Austerity and Grexit – it’s Time for a Gretaway! “Taaaaake myyyyyy moneeeeey! Pleeeeeease!” So here we are on this precipice of sorts, staring upon the twilight of the industrial economy due to peaking energy supplies and thus peaking credit supplies (as explained in part 2 of this 3-part series). Simply put, being on […]
US shale oil too expensive, peaks 1H 2015
US shale oil too expensive, peaks 1H 2015 According to EIA data, monthly US crude oil production peaked in April 2015 at 9.6 mb/d. Fig 1: US crude oil production to June 2015 http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm The above graph shows that US crude production increased by around 4 mb/d between mid 2011 and mid 2015, mostly from […]
Low Oil Prices – Why Worry?
Low Oil Prices – Why Worry? Most people believe that low oil prices are good for the United States, since the discretionary income of consumers will rise. There is the added benefit that Peak Oil must be far off in the distance, since “Peak Oilers” talked about high oil prices. Thus, low oil prices are viewed […]
Will declines in U.S. and Canadian oil production lead to a global decline?
Will declines in U.S. and Canadian oil production lead to a global decline? At the beginning of this year I noted that all of the growth in world oil production* since 2005 has come from two countries: the United States and Canada. And, I suggested that since the growth in production in those two countries came […]
Peak Oil Has More To Do With Oil Prices Than You May Think
Peak Oil Has More To Do With Oil Prices Than You May Think The Origins of Peak Oil Awareness The scientific study of peak oil began in the 1950′s, when Shell geophysicist M. King Hubbert reported on the evolution of production rates in oil and gas fields. In a 1956 paper Hubbert suggested that oil […]
Whatever Happened to Peak Oil?
Whatever Happened to Peak Oil? Whatever happened to “peak oil” – the assertion that the rate at which oil is extracted from the Earth is nearing a maximum or peak level? With falling oil and gasoline prices and a boom of new oil development in the United States and elsewhere, concern about global oil supplies […]
