Category Archives: How Much Left

Global oil discovered 7.7 times less than consumption in 2019

Posted on June 24, 2020 by

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 →

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Giant oil field decline rates and peak oil

Posted on May 16, 2020 by

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 →

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Will covid-19 delay peak oil?

Posted on May 9, 2020 by

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 →

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Many signs of peak oil and decline

Posted on February 16, 2020 by

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 →

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Permafrost will limit natural gas, oil, and coal extraction

Posted on January 14, 2020 by

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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Royal Society on peak oil and how much oil is left

Posted on June 1, 2018 by

[ 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 →

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

Posted on February 7, 2018 by

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 →

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

Posted on September 25, 2017 by

[ 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

Posted on September 20, 2017 by

[ 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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How reasonable are oil production scenarios from public agencies?

Posted on July 31, 2017 by

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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