Oil

The Peak Oil Crisis: Summer’s End

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As Labor Day nears, a quiet summer seems poised to turn into an autumn to remember. Our concern here, as it has been for many years now, is the price and availability of oil products vital to our civilization. One of the many ways to think about peak oil is the point in time when our gasoline and other petroleum-fueled endeavors, such as air travel, become too expensive for casual use. As the use of petroleum products slows (US consumption is down by 4.4 percent from last year), our economy activity gradually drops to a slower pace.

The Real Reason Behind Oil Price Rises – An Interview with James Hamilton

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Nowadays the energy picture is confusing at best as the more information we are shown the more blurred our vision seems to become. Mixed messages, poor reporting and a media hungry to sensationalize anything it thinks can grab a headline have led to many wondering what the true energy situation is. We hear numerous reports on how the shale revolution will transform the energy sector, why alternatives are just around the corner, why advances in oilfield extraction techniques and new finds will help to lower oil prices.

Power Transition

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In Extraenvironmentalist #47 we discuss the global energy picture with Chris Nelder as he describes the energy stories we tell ourselves and explains exactly how many natural gas wells it will take for the United States to gain energy independence. Then, we speak with Gregor MacDonald about the recent blackout in India that cut electricity to 10% of Earth’s population.

Peak oil denial: another curious contribution

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Apparently, we Peak Oil advocates are “fleecing the inherently gullible.” Who knew? The author didn’t get around to explaining just how we do so, although he did offer a hint that our “headline-grabbing, money-making blockbusters” are the culprits. (What have I been missing? Woulda been nice if Richard Heinberg, Chris Nelder, Sharon Astyk, Kurt Cobb, Chris Martenson, and others clued me in on how they’ve made their millions and millions of dollars fleecing gullibles. I’ll keep checking my email.)

Don’t count on revolution in oil supply

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This is a guest post by Sadad al-Huseini, now a petroleum consultant and formerly executive vice president of Saudi Aramco for exploration and production, and is a response to the recent article in PIW (Petroleum Intelligence Weekly) by Leonardo Maugeri on his new study Oil: the Next Revolution, challenging his optimism about future oil supplies.