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Whatever Happened to Peak Oil?

Whatever happened to “peak oil” – the assertion that the rate at which oil is extracted from the Earth is nearing a maximum or peak level?

The Oil Production Story: Pre- and Post-Peak Nations

Peak oil appears close but is not yet here, delayed rather than dead (as widely written in the media since 2012), and disguised by the inclusion of natural gas liquids in BP's accounting. Put this writer down for a likely (80% odds) peak in oil production between now and 2020.

The Oil Production Story: Pre- and Post-Peak Nations

The news media continue to chant that “peak oil is dead” and see the U.S. shale oil miracle as a sustainable turn of events, not a term-limited booster.

What would Randy Udall say?

There has been considerable talk in the US of late about not only future energy exports but even about using an “energy weapon” against Russia. While that might be nice, it’s wishful thinking.

"Peak is dead" and the future of oil supply

Interview with indendent peak oil analyst Dr Richard G. Miller. Miller, trained as a geologist, joined BP as a geochemist in 1985. He is coauthor of The Future of Oil Supply published by the Royal Society.

Commentary: A 10-Year Oil Supply Retrospective Shows Unwarranted Optimism

Without a serious revisiting of the questionable optimism that dominates any dialogue related to longer-term world oil supplies, without a harshly realistic scrub of the facts, we face unnecessarily large energy policy risks.

U.S. Crude Oil Exports, Really? - A Look at the UK

My question to the Brits: if you could turn the clock back, would you allow all your oil to be produced at the maximum possible rate, earning the amount of export dollars you did, if it meant that within a generation you would be back to being an oil importer paying roughly five times as much per barrel?

Commentary: Interview with Dr. Sadad Al-Husseini

Since the autumn of 2011, a storyline of “oil revolution” and oil abundance--even “North American energy independence”—has taken the US media by storm.

About that EIA Hail Mary

The key take-away from the US EIA’s Annual Energy Outlook released one week ago jumps out in the graph below: US crude oil production should peak in 2016 at a level 26% higher than that projected just one year ago.

Peak Oil Review - Nov 4

A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Quote of the Week, The Briefs, In Memoriam