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US EIA Short Term Energy Outlook, Jan 2023

US EIA Short Term Energy Outlook, Jan 2023 The US EIA Short Term Energy Outlook (STEO) was published on January 10, 2023. This report generally provides forecasts for Total Liquids production for non-OPEC nations, crude only output for OPEC nations, and both C+C and Total Liquids forecasts for the US. At Peak Oil Barrel we focus on […]

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Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale

Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale  Argentina’s President Alberto Fernandez takes office in the midst of an economic crisis. Like his predecessor, he has made fracking a centerpiece of the country’s economic revival. Argentina has some of the largest natural gas and oil reserves in the world and “possibly the most […]

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UAE Offers India Free Oil To Ease Storage Woes

UAE Offers India Free Oil To Ease Storage Woes In an oil sector first, the oil-rich United Arab Emirates (UAE) has offered free oil to India in return for a storage deal at India’s planned underground facility as the supply glut worsens and some analysts predict that ‘’peak storage” could sending prices crashing further. The […]

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Peak Oil: One-Sentence Problem-Solving

Peak Oil: One-Sentence Problem-Solving As is still the case—unfortunately, for all of us—there remains a sizeable number of individuals, organizations, and other associations determined at all costs [literally] to preserve the primacy of fossil fuels to power us into the future. Facts: good when they can be massaged to fit the partial-truth narrative required to […]

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Oil Market Supply Imbalance Getting Worse, Not Better

Oil Market Supply Imbalance Getting Worse, Not Better Oil futures prices (WTI) plunged 12.5 percent this week from $47.90 on Friday, November 3 to $41.96 yesterday morning, November 11. The main reason is that the global supply imbalance is getting worse. The U.S. Energy Information Administration’s (EIA) latest report indicates that the world supply surplus (production minus […]

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Oil storage tanks filled to levels not seen in 80 years

Oil storage tanks filled to levels not seen in 80 years U.S. oil inventories at levels not seen in at least 80 years North American oil prices could take a hit this fall as there are renewed concerns about a lack of storage capacity. A recent report by the U.S. Energy Information Agency suggests crude […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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