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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 […]
Biden Targets Another US Pipeline For Shutdown After ‘Begging’ Saudis For More Oil
Biden Targets Another US Pipeline For Shutdown After ‘Begging’ Saudis For More Oil Despite approval ratings in the toilet, President Biden and his administration are reportedly exploring the closure of yet another pipeline in a bid to shift the US away from fossil fuels and appease environmental activists. The move – shutting down the Line 5 pipeline which links […]
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022 Diamondback said it planned to pump some 221,000 to 225,000 barrels of crude daily. For full 2021, Diamondback said production would come in at between 222,000 to 223,000 bpd Most large shale drillers are adopting the same approach in order to […]
Biden says he worries that cutting oil production too fast will hurt working people
Biden says he worries that cutting oil production too fast will hurt working people President Biden spent three days in Rome talking to world leaders before and during the G-20. He held a formal press conference before heading to the UN climate summit in Glasgow. Brendan Smialowski/AFP via Getty Images President Biden said on Sunday […]
Stealing a Nation: Secret SAS Mission to Capture Mideast Oil Artery
Stealing a Nation: Secret SAS Mission to Capture Mideast Oil Artery British files seen by Declassified-UK reveal details of torture from 1970, when special forces invaded and annexed the Persian Gulf’s most important oil route, Phil Miller reports. A dhow in the waters off Oman’s Musandam Peninsula, 2007. (hoteldephil, Flickr, CC BY-NC-SA 2.0) Fifty years ago, U.S. […]
World Should Brace for Global Oil Shortage and Skyrocketing Price Due to Worsening Crisis
World Should Brace for Global Oil Shortage and Skyrocketing Price Due to Worsening Crisis According to economists, chronic underinvestment in new oil supply since the 2015 crisis, as well as pressure on oil and gas corporations to reduce emissions and even “keep it in the ground,” would likely lead to global oil output peaking sooner than […]
Twin peaks: Whether it’s supply or demand, oil era heads for crunch time
Twin peaks: Whether it’s supply or demand, oil era heads for crunch time A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins Oct 25 (Reuters) – Energy transition and peak demand predictions have spooked investors in oil, […]
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200 $100 Oil is no longer an ‘outrageous’ bet in the call-options market Some speculative traders are now betting on $200 oil in December 2022 For those betting on $100 oil, the leader of the OPEC+ alliance, Saudi Arabia, has a message: look beyond the […]
Chokepoint democracy: Workers capitalize on global system weak spots
Chokepoint democracy: Workers capitalize on global system weak spots In his book Carbon Democracy Timothy Mitchell attempts to explain the rising and falling political power of the working class in terms of the evolution of the world’s energy system. The first fossil fuel, coal, required hoards of men (and it was almost exclusively men) to bring […]
Someone is betting that oil will soar to a record US$200 per barrel
Someone is betting that oil will soar to a record US$200 per barrel Crude oil prices are falling after inventories revealed a build in stockpiles for the first time in eight weeks after natural disasters knocked several U.S. refineries offline. Could the energy crunch get so bad that oil prices hit US$200 a barrel? One […]
Robert Hirsh on Peak Oil
Robert Hirsh on Peak Oil
These Are The ‘Good Old Days’
These Are The ‘Good Old Days’ At tipping points like now, the steps we take in the present determine our future If you prefer to listen to the author read this article, Click Here. Bill was 48 when his wife stunned him with a request for divorce. Right up until that moment, he’d thought everything was […]
Visualizing What’s Made From A Barrel Of Oil
Visualizing What’s Made From A Barrel Of Oil From the gasoline in our cars to the plastic in countless everyday items, crude oil is an essential raw material that shows up everywhere in our lives. With around 18 million barrels of crude oil consumed every day just in America, Visual Capitalist’s Niccolo Conte notes that this commodity powers transport, utilities, and is a vital ingredient in many […]
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 […]
Russia running out of oil? Profitable reserves may last only another 20 years, Moscow says, citing improved tech as only solution
Russia running out of oil? Profitable reserves may last only another 20 years, Moscow says, citing improved tech as only solution Employees work on a drilling rig at an oil field owned by Russia’s oil producer Tatneft near Almetyevsk, in the Republic of Tatarstan, Russia. © Sputnik / Maksim Bogodvid Russia’s lucrative role as one […]
