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Is This A Precursor For Peak Oil Demand?

Is This A Precursor For Peak Oil Demand? The $1 trillion sovereign wealth fund of Norway may sell off all of its shares in oil producers. The move is a shot across the bow for the oil industry. A $1 trillion fund, built on oil itself, now sees the future of oil as too risky. […]

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Norway to Track Cars GPS to Tax Per KM (Mile) – Your Govt is Next

Norway to Track Cars GPS to Tax Per KM (Mile) – Your Govt is Next COMMENT: Hi, The Norwegian Data Protection Authority is now arguing that GPS based taxation, for the amount of kilometers driven by car, can be done within 5-6 years! Norwegians trust the government way too much, because they believe that this […]

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Mossad Assisted Denmark In Thwarting Terror Plot; Iran Slams Allegation As “False Flag”

Mossad Assisted Denmark In Thwarting Terror Plot; Iran Slams Allegation As “False Flag” Mossad has claimed responsibility for tipping off Danish authorities after they thwarted an alleged terror plot by Tehran to assassinate three opposition figures living in Denmark, according to a senior Israeli intelligence official quoted in the Times of Israel. This comes days after […]

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Why The Man Who Manages $1 Trillion Is Bracing For A “Trade Rupture”

Why The Man Who Manages $1 Trillion Is Bracing For A “Trade Rupture” While the rest of the market remains remarkably stoic about the potential threat from a long-lasting, escalating trade war with China, the world’s arguably biggest money manager is not so sure: according to Bloomberg, the man running the world’s biggest sovereign wealth […]

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Russia Warns: Increased US Marine Corps Presence In Norway Could Be Viewed As An Attack

Russia Warns: Increased US Marine Corps Presence In Norway Could Be Viewed As An Attack Russia is hinting that a new wave of U.S. Marines in Norway, near the Russian border in the Troms region, could be viewed as an attack, the MarineTimes reported. Last week, the Russian Embassy in Norway warned of consequences for the latest […]

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US To Double Number Of Marines In Norway To Counter Russia, Before Massive Military Exercise

US To Double Number Of Marines In Norway To Counter Russia, Before Massive Military Exercise The Norwegian government intends to add another 400 U.S. Marines to Norway before the most significant military exercise since the Cold War this fall, according to the country’s Ministry of Defense. Currently, about 330 Marines from the 1st Battalion, 6th Marines (1/6), an […]

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Norway Production, 2017 Summary and Projections

Norway Production, 2017 Summary and Projections Average annual Norwegian wellhead C&C production dropped 1.5% in 2017, from 1709 kbpd (625 mmbbls total) to 1682 kbpd (614 mmbbls total). Wellhead gas (which includes fuel gas, flaring and gas injection) rose 2.6% from 2805 kboed to 2878 kboed. Exit rates were down 9% for oil andt 4% […]

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A Dire Warning From The “Doomsday Vault”

A Dire Warning From The “Doomsday Vault” Climate change alarmists are taking full advantage of the “Sudden Stratospheric Warming” (SSW) event, which occurred above the Arctic in mid-February, as further evidence that the world’s unpredictable and sometimes chaotic weather is jeopardizing humanity’s food security. The split of the polar vortex, otherwise known as an SSW event, shifted […]

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The Arctic Doomsday Seed-Vault Is Getting Some Major Upgrades

The Arctic Doomsday Seed-Vault Is Getting Some Major Upgrades The Norwegian government is planning to allocate 100 million kroner ($13 million) in technical improvements to enhance a doomsday seed vault situated on an Arctic island, built nearly a decade ago to protect the world’s food supplies from an apocalypse, a government press release said Friday. […]

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Future U.S. Oil Production Will Collapse Just As Quickly As It Increased

Future U.S. Oil Production Will Collapse Just As Quickly As It Increased While U.S. oil production reached a new peak of 10.25 million barrels per day, the higher it goes, the more breathtaking will be the inevitable collapse.  Thus, as the mainstream media touts the glorious new record in U.S. production that has both surpassed […]

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Norway Desperately Needs Large Oil Discoveries

Norway Desperately Needs Large Oil Discoveries Thanks to costs cuts and large oil discoveries made before the oil price crash, Norway will be able to sustain its oil and gas production over the next five years. But reduced exploration drilling and lack of big discoveries in the past two years spell trouble for Western Europe’s […]

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The Beginning Of The End For Norwegian Oil

The Beginning Of The End For Norwegian Oil The demise of the North Sea doesn’t necessarily mean the end of Norway’s petroleum era—far from it. Still, despite significant reserves in the Barents Sea, Norway is about to embark upon a long period of structural decline as its benchmark fields inch closer to depletion and its […]

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Norway and UK Production Update

Norway and UK Production Update Short-term trends for UK oil and gas production and, to a lesser extent, Norway can be rendered a bit meaningless by seasonal impacts from summer maintenance turn-arounds and cyclic gas demand. Overall, though, both are at or approaching the tail end of the production curve, but with slight upticks in […]

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Norway’s Oil Sector Faces Existential Crisis

Norway’s Oil Sector Faces Existential Crisis Oil companies have recently focused on frontier exploration drilling in the Barents Sea offshore in Norway, neglecting the powerhouse of the Norwegian oil industry, the North Sea. Exploration activity in the North Sea—the most mature area of Western Europe’s biggest oil producer—is at an 11-year low this year, which […]

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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 […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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