Fossil Fuels

Saudi Arabia to produce 10mbd in July?

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When the Saudi oil minister speaks to the world’s business reporters, one cannot rely that his words will later match the kingdom’s official reports to international statistical agencies. Whether through sloppiness or otherwise, at least one of Mr al-Naimi’s statement and the Saudi report were in error to the tune of almost half a million barrels a day — more than five percent of production — at a time when oil markets are critically seeking signals of Saudi intentions and capabilities.

Review of Bundeswehr Report on peak oil: Section 2.2. Tipping Point (Nov. 2010)

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Oil is often described as ‘the life-blood’ of modern society. It is as vital to our globalized economy as water is to the human body. A reduction in supply of only a few percentages could create difficulties throughout the entire system. Further reductions could lead to a complete failure of critical systems.

Peak? What peak? Greenhouse emissions keep increasing

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Back in the early 2000s, when I was starting to study peak oil, I used to think that oil depletion was our main problem. Climate change seemed to me a threat for the remote future and, probably, automatically solved by the depletion of fossil fuels. Over the years, however, I saw more and more data accumulating that show that it is not so. I am now convinced that climate change is a much more serious threat to humankind than peak oil.

Saudis still planning more nukes. Do they know something we don’t?

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Despite the plans of major electricity users around the world to pull away from nuclear power after Fukushima, Saudi Arabia has announced that it’s planning to start building power reactors at a breakneck pace. This could be yet another sign that Matt Simmons was right about the Saudi oil peak, signalling the beginning of the end of the Oil Age. But we have to wonder if the Oil Sheiks can control their new atomic toy.

Why doesn’t the UN consider energy depletion?

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In thousands of ways, UN policy helps shape how we respond to emerging crises, from basic poverty to world political events, from food to climate change and population. What is emerging, however, is that UN analyses are increasingly diverging from reality – as they attempt to describe our future, they have failed to adequately (or at all) take into account that most basic of all considerations, material limits on energy resources.

China’s Energy Future

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I was recently asked to participate in an energy roundtable at Focus on China’s Energy Future and the Shale Gas Question. It is no secret that I feel that China’s moves stand to continue sending shock waves through the energy markets over the upcoming years. In fact, energy news from China warranted inclusion in My Top 10 Energy Stories of both 2009 and 2010. In 2009, I stated my belief that “China will be the single-biggest driver of oil prices over at least the next 5-10 years.” In 2010, the news was reported by the International Energy Administration (IEA) that China had become the world’s top energy consumer. BP confirmed this in their just-released Statistical Review of World Energy 2011.

Sierra Club goes totally peak oil — almost

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A veteran anti-corporate campaigner, Michael Brune is not your ordinary environmentalist. And now that’s he’s in charge, America’s oldest and largest green group is no longer your father’s Sierra Club. So it’s no surprise that his book “Coming Clean,” re-released after the Deepwater Horizon spill, presents peak oil as a major energy challenge. But as a big fan of the green economy, Brune is more optimistic than many peak oil writers about the ability of solar, wind and other renewables to replace oil and coal. Is he right?