Insight and inspiration in turbulent times.
I often find myself wondering where my life would be today had I not stumbled across The Oil Drum in 2005. I don’t know that I would still be writing today were it not for my early experiences with TOD readers. As TOD winds down, I thought I’d share my story, which I have not told before.
At the end of the 20th century, Argentina started exporting gas to Chile, a mirage of the gas possibilities in this country. Both Argentina and Chile believed that the supply was going to be increasing forever.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Quote of the Week, The Briefs
What would you expect them to say? That’s the question you should ask whenever spokespersons for the oil and gas industry (or fake think tanks funded by the industry or analysts whose bread is buttered by the industry) announce a new find that is going to be a "game-changer.”
Those who expect a doubling of Iraqi oil production to 6 mb/d by 2020 should pray for enduring peace and social justice in this war-torn country.
Never let the facts get in the way of a good story. That’s the credo of the oil and gas industry as it continues to lobby for increased oil and natural gas exports from the United States.
•Despite boom, higher costs push Big Oil into slump •Shale Plays Not Working For Big Oil •Shale-Boom Profits Bypass Big Oil •Big Oil would henceforth like to be known as Not-Really-Big-But-Still-Nicely-Profitable Oil
When Gloria Flora took the helm of Lewis & Clark National Forest in Montana in 1995, she found priceless wildlands threatened by oil and gas speculators. Defying convention, she declared the area off-limits to oil and gas development, adding a definitive new twist to the interplay between community groups, the fossil fuel industry,and the government that is playing out in surprising ways.
A mid-week update…Oil prices were flat on Monday, fell a bit on Tuesday on the economic outlook, and then bounced up $2 a barrel
•Peak oil isn’t dead; it just smells that way •Peak oil lives, but will kill the economy •Technology vanquishes the peak-oilers, again
Detroit’s Motown legacy has put the spotlight on the vulnerability of the American car culture. Despite an oil shale boom and years of money printing US oil demand has hit a wall.
20 years after its oil peak this country is now embroiled in a serious energy crunch. Crude oil production will decline between 3 and 4 % pa while population may grow from 80 million to 100 million by 2030.
