Category Archives: Peak Oil

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 →

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

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 →

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

Global oil discoveries far from breaking even with consumption

Posted on November 25, 2019 by

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 →

Posted in How Much Left, Peak Oil | Tagged , | 2 Comments

Saudi oil infrastructure at risk from drone attacks

Posted on September 19, 2019 by

Preface. This NYT article was published 4 months ago, and its warning just came true. Quite prescient! Drones make it pretty easy to anonymously attack the thousands of miles of pipelines across the Arabian peninsula, oil tankers, pumping stations, and … Continue reading →

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Why “fracked” shale oil and gas will not save us

Posted on September 16, 2019 by

Preface. As early as 2011 experts were questioning how large fracked natural gas reserves were. The latest IEA 2018 report predicts shale oil/gas could start to decline by 2025, and all global oil as soon as 2023.  Shale oil and … Continue reading →

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Nafeez Ahmed: Venezuela’s collapse is a window into how the Oil Age will unravel

Posted on June 17, 2019 by

Preface. Ahmed is one of the best writers on the energy crisis and other biophysical calamities. He’s written about why many states are failing now in part due to peak oil, but also drought and other biophysical factors in his … Continue reading →

Posted in Central & South America, Oil (Tar) Sands, Peak Oil | Tagged , | 2 Comments

Book review of Heinberg’s “Afterburn: society beyond fossil fuels”

Posted on March 25, 2019 by

Preface. This book has 15 essays Heinberg wrote from 2011 to 2014, many of them available for free online.  These are some of my Kindle notes of parts that interested me, so to you it will be disjointed and perhaps … Continue reading →

Posted in By People, Energy, Peak Oil, Richard Heinberg | Tagged , , | 10 Comments

IEA 2018 World Energy Outlook: Peak oil is here, oil crunch by 2023

Posted on March 10, 2019 by

Preface. Excerpts from the cleantechnica article below make it clear why there is likely to be a supply crunch as soon as the early 2020s, and the investment implications. Here’s what I’ve gleaned from other summaries of the report. Although … Continue reading →

Posted in Investment, Oil & Gas Fracked, Peak Oil | Tagged , , , | 4 Comments

Crash alert: China’s resource crisis could be the trigger

Posted on November 25, 2018 by

Preface.  Way to go Nafeez Ahmed, your second home run of reality based reporting on the energy crisis this week.  There are countless economists within the mainstream media predicting an economic crisis worse than in 2008, but they totally ignore … Continue reading →

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The coming crash in 2020 from high diesel prices for cleaner emission of oceangoing ships

Posted on November 21, 2018 by

Preface.  Ships made globalization possible, and play an essential role in our high standard of living, carrying 90% of global goods traded. But the need for a new, cleaner fuel may cause the next economic crisis.  What follows are excerpts … Continue reading →

Posted in By People, Crash Coming Soon, Peak Oil, Ships and Barges | Tagged , , , | 3 Comments