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Exxon Mobil’s refinery closure in Australia: peak oil context
Exxon Mobil’s refinery closure in Australia: peak oil context Exxon Mobil’s Melbourne refinery is closing and will be converted into a fuel import terminal. The Australian public broadcaster has found the right title for its article: Australia loses another oil refinery, leaving our fuel supply vulnerable to regional crises 11/2/2021 https://www.abc.net.au/news/2021-02-11/australia-loses-another-oil-refinery-risking-fuel-supply/13139648 Fig 1: Exxon-Mobil Altona […]
Shell says its oil production has peaked and will fall every year
Shell says its oil production has peaked and will fall every year Royal Dutch Shell (RDSA) said its oil production and carbon emissions have peaked as it detailed plans to gradually wean itself off fossil fuels. Climate activists said it hadn’t gone far enough. The Anglo-Dutch company said in a statement on Thursday that it expects its oil production to decline by […]
Where Energy Modeling Goes Wrong
Where Energy Modeling Goes Wrong There are a huge number of people doing energy modeling. In my opinion, nearly all of them are going astray in their modeling because they don’t understand how the economy really operates. The modeling that comes closest to being correct is that which underlies the 1972 book, The Limits to Growth by […]
Peak oil in Africa part1: OPEC quotas Jan 2021
Peak oil in Africa part1: OPEC quotas Jan 2021 We examine whether OPEC’s quotas for its African members are actually on the production decline path of these countries. OPEC’s quota levels can be found here: https://www.opec.org/opec_web/static_files_project/media/downloads/Voluntary%20Production%20Levels.pdf At present 7 oil producing countries in Africa are members of OPEC: Algeria, Nigeria, Libya, Angola (2007), Gabon (2016), […]
Peak Oil? Drivers—and Voters—Could Delay It for Years
Peak Oil? Drivers—and Voters—Could Delay It for Years Investors and politicians have made their views clear about oil’s uncertain future. Consumers, not so much. Drivers traverse the 405 freeway at night in California. The fate of the oil industry depends as much, or more, on consumers as it does on politicians and policymakers. PHOTO: PATRICK T. […]
The Very Real Possibility Of Peak Oil Supply
The Very Real Possibility Of Peak Oil Supply Three months ago, British oil giant BP Plc. (NYSE:BP) sent shockwaves through the oil and gas sector after it declared that Peak Oil demand was already behind us. In the company’s 2020 Energy Outlook, chief executive Bernard Looney pledged that BP would increase its renewables spending twentyfold to $5 billion a […]
Peak Oil in South & Central America
Peak Oil in South & Central America (1) Pre-Covid ..Fig 1: Oil production and peak years Production peaked 2015 due to Venezuela’s production collapse. Brazil’s production has not yet peaked but is unlikely to offset Venezuela’s decline. All other countries together are on a bumpy production plateau for the last 20 years. Fig 2: Oil […]
2020: The Year Things Started Going Badly Wrong
2020: The Year Things Started Going Badly Wrong How today’s energy problem is different from peak oil Many people believe that the economy will start going badly wrong when we “run out of oil.” The problem we have today is indeed an energy problem, but it is a different energy problem. Let me explain it with an […]
Why The World Can’t Quit Fossil Fuels
Why The World Can’t Quit Fossil Fuels Have the recent pronouncements of the death of oil and reigning renewables been more rhetoric than reality? Yes and no. It’s true that peak oil is now closer than ever, and globally we’re seeing a more earnest effort to decarbonize than ever before, in large part thanks to […]
Peak Oil is Suddenly Upon Us
Peak Oil is Suddenly Upon Us A year ago, if anyone in the petroleum business had suggested that the moment of Peak Oil had already passed, they would have been laughed right off the drilling rig. Then 2020 happened. Planes stopped flying. Office workers stayed home. “Zooming with the grandkids” replaced driving to see family. A […]
Climate Change dominates news coverage at expense of other equally important existential issues
Climate Change dominates news coverage at expense of other equally important existential issues Preface. I’ve noticed that in the half dozen science magazines and several newspapers I get practically the only environmental stories are about climate change. Yet there are 8 other ecological boundaries (Rockström 2009) we must not cross (shown in bold with an […]
The decline of oil has already begun
The decline of oil has already begun In 1961, when I was 14, working on a science fair project, my father – a geologist and petroleum engineer – explained oil depletion to me. To grow production, oil companies were drilling deeper and deeper wells, developing technologies to extract more oil from spent fields, and would […]
Peak Oil Never Went Away
Peak Oil Never Went Away Do you remember peak oil? It was all the rage a decade ago. Now, almost no one is talking about it. The funny thing is, the problem never went away. If anything, it’s gotten worse. In this post, I take a deep dive into peak oil. I show you that […]
Australia’s BP Kwinana refinery closure: peak oil context
Australia’s BP Kwinana refinery closure: peak oil context Fig 1: BP is in peak oil mode BP shuts down Kwinana refinery with 600 jobs expected to go, Commonwealth says no impact on fuel security Fig 2: Kwinana refinery in Perth Refining activities will wind down over the next six months, with the new [product import] […]
Today’s Contemplation: The Coming Collapse VIII
October 30, 2020
Today’s Contemplation: The Coming Collapse VIII Chitchen Itza, Mexico (1986) Photo by author Once again, a comment I posted in response to an article on The Tyee. Where to begin? I realise this article is primarily about a federal political party and its future but there are two underlying issues that are discussed that need far […]
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