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Category Archives: How Much Left
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
How much oil left in America? Not much
If you think no worries because we can get arctic oil, think again. We can’t because icebergs knock the drilling platforms down, and massive amounts of new infrastructure — roads, rail lines, platforms, buildings — are needed to set up … 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
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
