Category Archives: Oil

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

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Nate Hagens “Peak Oil” – Why Smart Folks Disagree – Part II

[ There’s a great deal of interest in the Hill’s Group report, but Nate Hagens came up with similar results back in 2007 and he explains his ideas far more eloquently.  Although much production of U.S. oil and gas may … Continue reading

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Kurt Cobb: Peak oil production has been hidden by the EIA by including condensate and other non-transportation fuels

[ The Energy Information Administration has done what they can to hide peak oil production by adding in everything but the kitchen sink to overall oil production numbers, such as ethanol and natural gas liquids, which are not true transportation … Continue reading

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Responding to arctic oil spills

[ It is insane to even contemplate putting oil rigs into an area with such vast amounts of ice on the move, and all the additional dangers listed below.  Before I read this 210 page NRC report, I thought the … Continue reading

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How reasonable are oil production scenarios from public agencies?

So far both the U.S. Energy Information Administration (EIA) and International Energy Agency (IEA) are on target in their predictions. In 2014 (the last year for which there is data), world production of crude oil and lease condensate was 77.833 … Continue reading

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Richard Heinberg: Will the US really be a major energy exporter?

[ I read this the day it was published (January 16, 2017) at resilience.org here, but thought it would be interesting to post in the future to see if the EIA predictions were as optimistic as Heinberg and Hughes thought … Continue reading

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The effects of Middle East events on U.S. Energy markets

[ Of note from this U.S. House 2011 hearing: John Hofmeister, former President of Shell Oil.  Matt Simmons, who passed away this past summer, used to speak of the Straits of Hormuz as, we live one day away from an … Continue reading

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The Peak Oil paradox revisited by Euan Mearns

Euan Mearns. July 16, 2016. The Peak Oil Paradox Revisited. theautomaticearth.com Euan Mearns: Back in the mid-noughties the peak oil meme gained significant traction in part due to The Oil Drum blog where I played a prominent role. Sharply rising … Continue reading

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Art Berman: Oil Prices Lower Forever? Hard Times In A Failing Global Economy

Art Berman. July 15, 2016. Oil Prices Lower Forever? Hard Times In A Failing Global Economy. Forbes. A pumpjack sits on the outskirts of town at dawn in the Permian Basin oil field on January 21 in the oil town … Continue reading

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M. King Hubbert and the future of peak oil by Kurt Cobb

Kurt Cobb. July 17, 2016. M. King Hubbert and the future of Peak Oil. ResourceInsights. Almost synonymous with the term “peak oil” is M. King Hubbert, perhaps the foremost geophysicist of the 20th century, who first theorized about the eventual … Continue reading

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