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Tag Archives: peak oil
Europe must prepare for life after oil
Europe must prepare for life after oil The COVID-19 pandemic is forcing us to leave the fossil fuel era behind. Europe needs to begin preparing for what comes next. Oil prices have crashed. The most visible cause has been the measures taken to contain the COVID-19 pandemic, which have triggered record lows in global oil […]
Nuclear waste will last a lot longer than climate change
Nuclear waste will last a lot longer than climate change Preface. One of the most tragic aspects of peak oil is that it is very unlikely once energy descent begins that oil will be expended to clean up our nuclear mess. Or before descent either. Anyone who survives peak fossil fuels and after that, rising […]
Impact of Corona Virus similar to some earlier peak oil scenarios
Impact of Corona Virus similar to some earlier peak oil scenarios Empty roads, grounded aircraft, falling tourist and international student numbers, plunging car sales, empty super market shelves, disrupted supply chains… Fig 1: Empty roads in Wuhan in February 2020 China Car Sales Slump 92% in First Half of February on Virus 21 Feb 2020 […]
Will covid-19 delay peak oil?
Will covid-19 delay peak oil? With global demand having fallen by about 29 million barrels per day from a year ago, it seems like this pandemic might delay peak oil production while the pandemic and consequent depression lasts, since so much less oil is being consumed. Since storage is getting full, many oil producers are […]
Impact of Corona Virus similar to some earlier peak oil scenarios
Impact of Corona Virus similar to some earlier peak oil scenarios Empty roads, grounded aircraft, falling tourist and international student numbers, plunging car sales, empty super market shelves, disrupted supply chains… China Car Sales Slump 92% in First Half of February on Virus 21 Feb 2020 https://www.bloomberg.com/news/articles/2020-02-21/china-car-sales-tumble-92-in-first-half-of-february-on-virus That all sounds like peak oil has hit […]
Many signs of peak oil and decline
Many signs of peak oil and decline Preface. Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023. Oil supermajors are expected to have 10 years of reserve life or more, Shell is down to just 8 years. Political shortages are as big a problem as geological depletion. At […]
After peak oil we need small family farms. But U.S. farms are getting even bigger
After peak oil we need small family farms. But U.S. farms are getting even bigger Preface. Oh dear, wrong direction! Eventually 75 to 90% of Americans will need to be farmers to feed their family and support craftsmen and others in towns, just as it always was before fossil fuels arrived. These big farms are […]
Many signs of peak oil and decline
Many signs of peak oil and decline Preface. Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023. Oil supermajors are expected to have 10 years of reserve life or more, Shell is down to just 8 years. Political shortages are as big a problem as geological depletion. At […]
Peak oil in Asia: where will the oil come from for the Asian Century?
Peak oil in Asia: where will the oil come from for the Asian Century? Asian oil production peaked above 8 mb/d for the period between 2008 and 2016 (with spikes in 2010 and 2015). The 2015 peak was mainly caused by peak oil in China. Since then Asia’s decline was almost 800 kb/d or 9%. […]
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines The global economy would be in serious trouble if it weren’t for the rapid growth of U.S. shale oil production. Since the 2008 financial crisis, U.S. shale oil production has increased by more than 6 million barrels per day. Without these additional […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 3)
Australian Fuel Security Review ignores peak oil in China 2015 (part 3) Australia increased its internal oil dependency & vulnerability Let’s summarize what we covered in part 1 and 2 Australian oil production peaked in the year 2000 while oil consumption is going up relentlessly 3 Australian refineries closed, resulting in fuel imports dramatically increasing, […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 2)
Australian Fuel Security Review ignores peak oil in China 2015 (part 2) Coming back to the 2019 Liquid Security Reviewhttps://www.environment.gov.au/energy/liquid-fuel-security-review-consultation Figures 9-11 in part 1 show how dependent Australia has become on fuel imports from South Korea and Japan, even China. The Review is aware of this, as shown on this map: Note that any […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 1)
Australian Fuel Security Review ignores peak oil in China 2015 (part 1) Just a week before a Federal election was called the Australian Minister for Energy, Markus Taylor, released an interim report on fuel security on 4th April 2019 for public consultation (hereinafter called “Review”). The announcement of the report release was done without great fanfare, […]
