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Tag Archives: oil
Carbon Starvation – A Crisis Of Our Time?
Carbon Starvation – A Crisis Of Our Time? Are we beginning to see carbon – the fundamental building block of all life – as a pollutant? Instead of demonising carbon as a cause of climate breakdown, we need to restore balance in the natural carbon cycle that has been disrupted by the use of artificial […]
The Earth Is Going to Run Out of Oil Someday — but Not in Our Lifetimes
SOURCE: GETTY IMAGES The Earth Is Going to Run Out of Oil Someday — but Not in Our Lifetimes Created when fossilized organic compounds break down over time, crude oil, in particular, has become a necessary part of daily living for nearly every person on the planet. Fossil fuels are the most effective and destructive natural […]
Why Norway Won’t Give Up On Oil & Gas
Why Norway Won’t Give Up On Oil & Gas Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would be needed for a net-zero world. Western Europe’s biggest oil and gas producer is doubling down on oil […]
World’s Recoverable Oil Resources Shrinks By 9%
World’s Recoverable Oil Resources Shrinks By 9% Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our 2021 review deals a major blow for the size of the world’s remaining […]
Oil Spreads Trading at Historically Unrealizable Levels
Oil Spreads Trading at Historically Unrealizable Levels Outright oil prices have continued to rally this year as economies recover from impaired pandemic levels, however calendar spreads have been unable to realize their bullish intent. In fact, calendar spread structures have continued to disappoint into expiration. In some respects this is less about a failure of […]
The Real Russian Threat
The Real Russian Threat I’ve written for years about different nations’ persistent efforts to dethrone the U.S. dollar as the leading global reserve currency and the main medium of exchange. At the same time, I’ve said that such processes don’t happen overnight; instead, they happen slowly and incrementally over decades. The dollar displaced sterling as […]
How Much Oil Can Saudi Arabia Really Produce?
How Much Oil Can Saudi Arabia Really Produce? For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s […]
Which Countries Have the World’s Largest Proven Oil Reserves?
Which Countries Have the World’s Largest Proven Oil Reserves? The Countries With the Largest Proven Oil Reserves Oil is a natural resource formed by the decay of organic matter over millions of years, and like many other natural resources, it can only be extracted from reserves where it already exists. The only difference between oil […]
From the Notebook: A Critical Shift in the War for Oil
From the Notebook: A Critical Shift in the War for Oil Davos really do think they are too clever by half. Despite prognostications to the contrary, negotiations with Iran over a new JCPOA are nearing completion which Biden/Obama will sign off on after putting up a bit more token resistance to lifting sanctions. Why do […]
Earth and Humanity: Myth and Reality
Earth and Humanity: Myth and Reality
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 […]
The coming oil shortage – Part I
The coming oil shortage – Part I The oil price crash on the back of the COVID-19 lockdowns has accelerated the coming supply crunch. Both national and international oil companies have slashed CAPEX and maintenance spending, which will push up decline rates and US shale drillers finally focus on profitability instead of growth. Current longer-dated […]
