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Insight and inspiration in turbulent times.
Historically, the Red Sea and the Bab el-Mandeb Strait have been a strategic region for trade and political dominance; today, we are still shaped by their influence as we remain fragilely interconnected.
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.
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.
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.
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.
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.
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.
“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
In a joint post Art Berman and Matt Mushalik analyzed US crude oil inventories as reported by the EIA.
A recent vacation afforded me the opportunity to read The Oracle of Oil, Mason Inman’s excellent new biography of Marion King Hubbert.
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.
A weekly roundup of peak oil news, including: -Oil and the Global Economy -Middle East and North Africa -China -Russia -Briefs
