Energy consultancy keeps lowering worldwide recoverable oil resources
By Kurt Cobb, Resource Insights
If there is so much more oil for us to discover and produce, why have estimates of recoverable resources been declining for three years in a row?
Tag: peak oil
Just a hint from the mainstream that limits precipitate rising oil prices
By Kurt Cobb, Resource Insights
An analysis in Bloomberg points to a key and obvious cause of today's high prices for oil and other commodities: There isn't enough of them to go around.
Shale oil and gas fraud: A sign of a peak in oil supplies?
By Kurt Cobb, Resource Insights
Investment icon Warren Buffett once wrote in a letter to shareholders, "You only find out who is swimming naked when the tide goes out." In the wake of the pandemic, the tide has gone out in U.S. shale oil and the naked swimmers are all around. With this decline of the so-called "shale miracle" is a peak in world oil production already behind us?
Saudi Arabia Goes the way of the Garamantes. Google Earth Confirms the Collapse of the Water Supply
By Ugo Bardi, The Seneca Effect
Just like the ancient Garamantes, the Saudi Arabians were able to overcome the aridity of their land by using fossil water. But when they ran out of it, it was time over for them.
Making America ungovernable
By Richard Heinberg, Resilience.org
Adaptation will require leadership and social cohesion. Instead, America may be lurching toward further political division and violence.
Has oil peaked?
By Richard Heinberg, Resilience.org
Last month, the world’s 4th largest oil company—BP—predicted that the world will never again consume as much petroleum as it did last year. So, have we finally hit peak oil? And if so, what does that mean for our economy and our world?
Will Covid-19 Delay Peak Oil?
By Alice Friedemann, energyskeptic.com
With global demand having fallen by about 29 million barrels per day from a year ago, it seems like this pandemic might delay peak oil production while the pandemic and consequent depression lasts, since so much less oil is being consumed.
A stealth peak in world oil production?
By Kurt Cobb, Resource Insights
We who have been suggesting that a peak in world oil production was nigh almost from the beginning of this century looked like we might be right when oil prices reached their all-time high in 2008. But since then, we have taken it on the chin for more than a decade...
The Attacks on Abqaiq and Peak Oil in Ghawar
By Matt Mushalik, Crude Oil Peak
The world cannot live without Saudi oil. While media focus is on oil prices and how quickly full production can be brought back Saudi Arabia’s underlying peak oil problem has not been discovered yet. Together with the permanent threat of further attacks there is a double vulnerability now.
Progress and Amnesia
By John Michael Greer, Ecosophia
There are certainly things that can be done to deal with the realities of stagnation and decline; some of them even involve adopting renewable energy technologies, on the one hand, or making sensible preparations for a range of non-apocalyptic but still serious troubles on the other.
Jay Hanson Dies in Diving Accident
By Jason Bradford, Resilience.org
For someone so prolific online, it was very interesting to hear his voice, which gives a more complete perspective on his personality and the motivation for his many years of research and communication. Clearly, Jay was someone very concerned about the future and wanted to do something about it in his own way.
Venezuela’s Collapse is a Window into How the Oil Age will Unravel
By Nafeez Ahmed, Insurge Intelligence
Neither side truly understands the real driving force behind the collapse of Venezuela: we have moved into the twilight of the Age of Oil.