The ‘peak oil’ controversy is staging a come-back as the industry confronts higher costs—and low prices
Articles: oil industry (23)
Let's acknowledge that the situation we are in, as depicted in Part 1, is complex.
As you no doubt can gather from the title, I am of the view that we do not have 50 years to agonise about oil.
Painful as the short-term consequences of the current price rout may be, the long-term ones are likely to prove far more significant.
The Environmental Protection Agency has released its long awaited draft assessment of the impacts that fracking has on the nation's drinking water supplies.
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.
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.