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Category Archives: How Much Left
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
Global oil discoveries far from breaking even with consumption
Preface. According to Bloomberg (2016), oil discoveries in 2015 were the lowest since 1947, with just 2.7 billion barrels of conventional oil found globally (though Rystad calculated this differently at 5.6, nearly twice as much). Since the world burns 36.5 … Continue reading
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
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
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
Posted in How Much Left, Kurt Cobb, Peak Oil
Tagged API, how much oil left, kurt cobb, lease condensate, peak oil
2 Comments
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
Posted in How Much Left, Peak Oil
Tagged EIA, how much oil left, IEA, peak oil
Comments Off on How reasonable are oil production scenarios from public agencies?
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
Posted in How Much Left, Natural Gas, Oil & Gas Fracked, Richard Heinberg
Tagged fracked, heinberg, natural gas, oil
3 Comments
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
Posted in How Much Left, Other Experts, Peak Oil
Tagged euan mearns, peak oil
Comments Off on The Peak Oil paradox revisited by Euan Mearns