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.
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?
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.
By Richard Heinberg, Resilience.org
Adaptation will require leadership and social cohesion. Instead, America may be lurching toward further political division and violence.
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?
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.
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...
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.
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.
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.
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.
By Antonio Turiel, Gail Tverberg, Ugo Bardi, Cassandra's legacy
Turiel's proposal has raised a considerable debate among the experts, with several of them challenging Turiel's interpretation. Turiel himself and Gail Tverberg (of the "our finite world" blog) discussed the validity of the data and their meaning. Below, I reproduce the exchange with their kind permission.