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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
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
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
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 deline rates, depletion, giant oil fields, land, non-opec, offshore, OPEC, peak oil
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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
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
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 coal, natural gas, oil, permafrost, reserves
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 conventional, oil, peak oil, unconventional
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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 collapse, decline, peak oil
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