Insight and inspiration in turbulent times.
While much of the world is concerned about whether Saudi Arabia can deliver on its promise to produce an extra 1 million barrels of oil a day, far more attention should be given to OPEC and non-OPEC member countries whose production continues to fall.
The declining oil production of Indonesia and Oman are greater than Saudi Arabias promised increases. Patterns of accelerated decline do not bode well for other old, aggressively worked, fields.
China’s railways in operation account for only 6 percent of the world’s total, yet they shoulder 25 percent of the freight volume in the world, statistics show.
Unnoticed by the world, the longest dry period for decades has brought much of Cuba to its knees. Could this be the crisis that finally destroys Fidel’s revolution?
Once production peaks then it can’t meet demand and then prices will rise and it will be the equivalent of the oil shock in the 1970s. That will be a huge boost to renewables.
Human nature is such that we tend to wait for a crisis to happen before we react. However, as the current series of articles on the looming energy crisis highlight, we do so at our peril.
The Argentine government on Friday said that in the first six months of the year a plan to reduce household energy consumption yielded savings of 8 percent on domestic gas and 3 percent on electricity, which were used to supply growing industrial demand.
Powerdown is a brilliant analysis of the options available to a civilization facing resource depletion, biosphere collapse, and financial insolvency.
The data I am being told by engineers who have worked on Ghawar suggests that this decade will see it’s peak. As Ghawar goes, so goes the world.
Amidst a prolonged stalemate over where to build the world’s largest nuclear fusion facility, the US is halting work on a homegrown fusion project. The decision caused concern among researchers at a fusion meeting earlier this week.
However crazy a war with Iran may seem at this juncture, (with America’s military stretched to the brink) the plans for such a war are clearly materializing before our eyes.
In best-case scenarios, like Exxon Mobil, production is relatively flat. Many more energy companies are pumping less oil than they were a year ago.
