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Articles: oil production (10)

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Did crude oil production actually peak in 2005?

Haven't we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years? The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct.

Former oil man calls for renewable "Renaissance" to ward off shale dystopia

Despite its serious tone, The Energy of Nations: Risk Blindness and the Road to Renaissance, published by the reputable academic publisher Routledge, makes a compelling and ultimately hopeful case for the prospects of transitioning to a clean energy system in tandem with a new form of …

Peak oil notes - Feb 13

A mid-week update. New York oil prices, which have climbed 10 percent since early January, jumped againon Wednesday after the EIA reported that stocks at Cushing, Okla. fell by 2.7 million barrels last week as the newly opened leg of the Keystone pipeline continuing to drain oil to the Gulf Coast.

Peak oil notes - Dec 11

A mid-week review. This week’s US stocks report contained many surprises and reported several new recent records.

What Syria tells us about world oil supplies

I believe that the Syrian regime's use of chemical weapons is merely a pretext for American intervention. One always suspects that oil is the real issue when it comes to the Middle East. So, let's see if that's the case here.

What The Oil Drum meant

Over the last eight years, the predictions of the "moderates" in the peak oil debate came closest. We certainly don't live in the pre-2004 world any more. Oil prices are high, and there seems little prospect that they will ever fall below $100/barrel for any sustained period. …

Total production by the top five oil majors has fallen by a quarter since 2004

The combined crude oil production of the five main international oil companies (Exxon, BP, Shell, Chevron and Total) hit an historic high in 2004. Since then, it has fallen by 25.8%, despite large increases in investments.

Should the last few years have updated your idea of peak oil?

Nate Hagens draws my attention to this recent interview with Dennis Meadows, lead author of the famous Limits to Growth series of books. Meadows is very pessimistic. I was particularly interested in his views on oil production and peak oil, in which he states positively that peak oil is in the …

An analysis of World Energy Outlook 2012

On 12 November the IEA’s World Energy Outlook report for 2012 (WEO-2012) was presented by the chief economist of that organisation, Dr Fatih Birol. When he did so there was one idea that the journalists in the audience latched on to – that by 2020 the USA would become the …

Peak, What Peak?

Before I discuss the logic behind negating a peak of production of anything, let me sum up where we are in the U.S. in terms of crude oil production.

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