Category Archives: How Much Left

How much oil left in America? Not much

Preface. If you think we have no worries because we can get arctic oil, think again. We can’t because icebergs mow drilling platforms down in the ocean. On land, massive amounts of expensive new drilling rigs, roads, rail lines, platforms, … Continue reading

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

The Golden Age of Russian Oil Nears an End

Preface.  One huge factor in Russia’s future oil decline not mentioned below is how incredibly corrupt and inefficient Russia’s oil and gas companies are, as Rachel Maddow describes in her book “Blowout”. A few quotes: The Russian oil and gas … Continue reading

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

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

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

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

By 2020 it may be clear to everyone that oil decline has begun

Preface. There are two parts to Dittmar’s study. The first one concerns production, based on the most recent years of oil production.  Dittmar found a strong pattern of oil decline after the plateau of 3% a year for five years, … Continue reading

Posted in Exports decline to ZERO, How Much Left, Peak Oil | Tagged , , | 3 Comments

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

Posted in How Much Left, Nate Hagens | Tagged , | 2 Comments