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Can democracy survive peak oil?
Can democracy survive peak oil? Preface. This is a book review of Howard Bucknell’s Energy and the National Defense. University of Kentucky Press. Bucknell was amazingly prescient as you’ll see in this review, especially about why democracy might not survive the energy crisis. Though it turns out the U.S. may not need an energy crisis to […]
The implications of collapsing ERoEI
The implications of collapsing ERoEI Judging by the relatively low level of interest the past few articles published here regarding the collapse of fossil fuel ERoEI (along with PV’s) have attracted, I can only conclude that most people just don’t get it……. How can I possibly fix this……? When I first started ‘campaigning’ on the issue […]
Peak demand? More like a supply crisis propelling oil to US$100
Peak demand? More like a supply crisis propelling oil to US$100 The world stands on the cusp of an oil supply crisis. Years of insufficient investment in offshore mega-projects combined with the end of U.S. shale hyper growth and a recent shift by global supermajors to preferentially invest in alternative energy over traditional hydrocarbons have […]
BP peak oil (UK decline, asset sales and decommissioning Part 1)
BP peak oil (UK decline, asset sales and decommissioning Part 1) West of the Shetland Islands, the battle against oil decline is over for BP. SPGlobal reports: BP halts production at oldest West of Shetland oil facility Foinaven on asset decline 15 Apr 2021 London — BP has halted production at its oldest West of […]
A Sense of Déjà Vu
A Sense of Déjà Vu Déjà vu—the sudden insistent feeling that you’ve encountered the present moment before—can be one of the oddest of human experiences. Sometimes, though, it happens for perfectly prosaic reasons. Right now, as I look at headlines and certain other indicators, I’m having a very strong case of déjà vu for reasons […]
Oil and Debt: Why Our Financial System Is Unsustainable
Oil and Debt: Why Our Financial System Is Unsustainable How much energy, water and food will the “money” created out of thin air in the future buy? Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is: all debt is borrowed against […]
Olduvai: Excerpt read by author, Steve Bull
Olduvai: Excerpt read by author, Steve Bull
A Practical Exercise Suggestion for Peak Oil Sceptics
A Practical Exercise Suggestion for Peak Oil Sceptics (Translated from Spanish by Amelia Burke, originally published in two parts.) When someone calls into question the existance of a peak in the production (extraction) of a non-renewable resource, which oil is, you should invite them to study carefully the curves of the Energy Export Databrowser. This Databrowser […]
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 […]
