Investors and policymakers would be wise to stop staring at the glossy lipstick now being applied to the carcass of the U.S. industry. At least a pig with lipstick brings hope of a pork dinner at some point. All the industry has to offer now are shattered dreams and negative cash flows.
Articles: oil industry (18)
In a rare moment of unity, the leaders of the UK’s three major parties last week agreed to work together on climate change.
CEOs of companies engaged in shale gas and tight oil drilling are undoubtedly aware of what’s going on in their own balance sheets, hype is an essential part of their business model.
What if technology does advance, but not enough, and what if the price of oil is high, but not high enough to justify bringing it out of the ground at the RATE required for the smooth functioning of global society? What then?
This post shows statistical evidence that BP, like all other International Oil Companies, is in full peak oil mode.
It's now increasingly recognised that the transition into the post-carbon era must involve not simply "adaptation" and "mitigation" but entail radical transformation of our societies at multiple levels.
Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat.
Steven Kopits, Managing Director, Douglas-Westwood talks peak oil and oil markets.
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.
“I don’t believe for one minute that all Albertans believe that oil and gas is the only way to live in this province,” says Ronalie Campbell. “Alberta wasn’t built on oil and gas,” says Shawn, “Alberta was built on agriculture. Alberta was started …