Affordability, not scarcity, is the real energy crisis
In this post, I examine differences in economic behaviour by comparing two types of periods: those with low energy affordability and those with high energy affordability.
Oil
As U.S. oil and refined product exports soar, will the Trump administration impose an export ban?
To implement an export ban, the president would have to declare an emergency. It’s not hard to see how Iran closing the Strait of Hormuz would be seen as an emergency.
War in the Middle East made the case for renewables – what’s happening in each country tells a harder story
The war in the Middle East has exposed the costs of fossil fuel dependence, but the path to renewable energy looks very different across regions.
The 2026 energy crisis and our Wile E. Coyote moment
For the past couple of decades, we at Post Carbon Institute have been pointing out that a transition to alternative energy sources will necessarily be slow and incomplete. Given that oil is a depleting, polluting, non-renewable resource, industrial society is due for a reckoning. We are all in an extended Wile E. Coyote moment.
World oil and natural gas consumption vs discoveries: Diverging trends mean trouble
In the oil and natural gas industry it is a truism that you can’t produce what you haven’t discovered. Here’s why current trends are disturbing.
What you need to know about the energy crisis
Prices by themselves are not helpful in understanding why the energy crisis has emerged and how it is likely to develop. Richard Heinberg gives an overview that emphasizes systemic causal connections and feedbacks.
Peak Oil Review – 24 April 2017
“Global oil inventories are falling because of OPEC and non-OPEC production cuts, but the road to market balance will be long.” –Arthur Berman, Consulting Geologist
U.S. Storage Filling Up with Unaccounted-For Oil
In a joint post Art Berman and Matt Mushalik analyzed US crude oil inventories as reported by the EIA.
A Personal Appreciation of M. King Hubbert
A recent vacation afforded me the opportunity to read The Oracle of Oil, Mason Inman’s excellent new biography of Marion King Hubbert.
US shale oil peak in 2015
The latest EIA drilling productivity report (11th April 2016) shows US shale oil production continuing to decline in Bakken, Eagle Ford and Niobrara while the Permian has flattened out.
Peak Oil Review – April 4
A weekly roundup of peak oil news, including: -Oil and the Global Economy -Middle East and North Africa -China -Russia -Briefs
The Oracle of Oil
Many have heard of peak oil, but few seem to understand what it really means, and fewer still know much of anything about the father of the idea, M. King Hubbert.
