Category Archives: Oil

Global oil discovered 7.7 times less than consumption in 2019

Source: Rystad Energy (2020) in “Global oil and gas discoveries reach four-year high in 2019, boosted by ExxonMobil’s Guyana success“. Preface.  The global conventional discovery chart above lists natural gas and oil discoveries since 2013.  The fossil fuel that really … Continue reading

Posted in How Much Left, Peak Oil | Tagged , | 4 Comments

Giant oil field decline rates and peak oil

Preface. Of the roughly 47,500 oil fields in the world, 507 of them, about 1%, are giant oil fields holding nearly two-thirds of all the oil that has ever been, or ever will be produced, with the largest 100 giants, … Continue reading

Posted in Flow Rate, How Much Left, Peak Oil | Tagged , , , , , , , | Comments Off on Giant oil field decline rates and peak oil

Will covid-19 delay peak oil?

Preface. Here is my take on the effect this pandemic will have on oil production. Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and the Future of Transportation”, 2015, Springer, Barriers to Making Algal Biofuels, and “Crunch! Whole … Continue reading

Posted in How Much Left, Oil & Gas, Peak Oil | Tagged , , | 4 Comments

Getting Arctic oil and natural gas will take decades or more

Preface. Only one exploratory well can be drilled in the short arctic summers, and many more need to be drilled to even find and then explore the size of a potential oil field to see if it is worth extracting.  … Continue reading

Posted in Arctic | Tagged , , | Comments Off on Getting Arctic oil and natural gas will take decades or more

Many signs of peak oil and decline

Preface.  Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023.  Oil supermajors are expected to have 10 years of reserve life or more, Shell is down to just 8 years. Political shortages … Continue reading

Posted in Debt, How Much Left, Peak Oil | Tagged , | 7 Comments

Permafrost will limit natural gas, oil, and coal extraction

Preface. For many people, it’s comforting to know that about 25% of remaining oil and gas reserves (we have the know-how and economics to get it) and resources (beyond our technical and monetary capability) are in the arctic. They assume … Continue reading

Posted in Arctic, EROEI remaining oil too low, How Much Left, Peak Natural Gas, Peak Oil, Reserves Lower than stated, Roads, Transportation | Tagged , , , , | Comments Off on Permafrost will limit natural gas, oil, and coal extraction

Oil Choke Points vulnerable to war, chaos, terrorism, piracy

Preface. The U.S., thanks to fracking, which is likely to peak by 2025, produces half of the 20 million barrels of oil it uses per day. The other half of our oil is imported, with 45% of imports (4.5 million … Continue reading

Posted in Chokepoints, Infrastructure Attacks, Oil & Gas, Oil Shocks, Threats to oil supply | Tagged , , , | 6 Comments

Vaclav Smil: from wood to coal to oil, energy transitions take a long time

Preface.  This post has a shortened, reworded, and heavily commented on article from Scientific American in 2014.  You can also see two much longer articles about energy transitions by Smil from n 2008 and 2010 here: Vaclav Smil: Our transition … Continue reading

Posted in Alternative Energy, Coal, Dependence on Oil, Energy, Vaclav Smil | Tagged , , , , , , , , | 2 Comments

Robert Rapier: Oil demand is growing, not shrinking. There is no peak oil demand in sight.

[ Yes, this article was published 10 months ago, but with all the attention to fake news today, I thought it would be worthwhile pointing out that peak demand is propaganda, not based on facts. Since the goal of fake … Continue reading

Posted in Dependence on Oil, Electric Cars, Other Experts, Peak Oil, Transportation | Tagged , , | 3 Comments

Royal Society on peak oil and how much oil is left

[ This is a great introduction to the whole topic of oil, reserves, resources, and so on. It’s very long so I’ve only excerpted bits of it and reworded some of it.  I can’t say there’s anything new in here … Continue reading

Posted in How Much Left | Tagged , , , | 1 Comment