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oil glut

Oil flows spell deep depression

May 4, 2020May 3, 2020 by Kurt Cobb

Far from being a boon to the world, ultra-low oil prices signal that the global economy is flat on its back—even worse, flat on its back with two broken legs.

Categories Economy, Energy Tags depression, oil glut 1 Comment

An Updated Version of the “Peak Oil” Story

December 15, 2020August 9, 2016 by Gail Tverberg

The Peak Oil story got some things right.

Categories Energy Tags oil glut, peak oil, recession, resource limits, unconventional oil Leave a comment

Big Oil’s Broken Business Model

December 15, 2020March 13, 2015 by Michael Klare

Many reasons have been provided for the dramatic plunge in the price of oil to about $60 per barrel (nearly half of what it was a year ago)…

Categories Energy Tags climate change, oil glut, oil price, peak oil, unconventional oil Leave a comment

The oil glut and low prices reflect an affordability problem

December 15, 2020March 11, 2015 by Gail Tverberg

For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in supply will come through low oil prices.

Categories Energy Tags low oil prices, oil glut, oil supply Leave a comment

Resilience is a program of Post Carbon Institute, a nonprofit organization dedicated to helping the world transition away from fossil fuels and build sustainable, resilient communities.

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