Category Archives: Peak Oil

Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas

[ U.S. house hearings have stated that the U.S. is energy independent, that shale oil and gas will give us a century of energy independence: House 112-176 in 2012, House 113-1 2013, and several others.  In fact we have so … Continue reading

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GAO asks Congress to prepare for Peak Oil

[The Department of Energy (DOE) asked Robert Hirsch to come up with a peak oil risk management and mitigation plan which was published in 2005.  Nothing happened, so in 2007 the Government Accountability Office asked Congress to prepare for Peak … Continue reading

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Understanding peak oil theory, 2005 U.S. House hearing

House 109-41. December 7, 2005. Understanding the Peak Oil theory. U.S. House of Representatives. [What follows are excerpts from the 95 page transcript of this hearing. This hearing is the only one about peak oil and the possibility that peak … Continue reading

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Another reason to think oil production probably peaked in 2005

[ In this Kurt Cobb post, Texas oilman Jeffrey brown explains why the story of oil production growth from 2005 to 2014 is probably wrong, because the increase came from lease condensate, not oil.  If this is true then Brown … Continue reading

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Former President Bill Clinton on Peak Oil, Peak Soil, and other depleting resources

Former President Bill Clinton. May 4, 2007. The Looming Crisis; Can We Act in Time? Harvard Kennedy School. Excerpts from Keynote Address by Former President William Jefferson Clinton Kennedy School Spring Conference – Cambridge, MA I think it is highly … Continue reading

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Rising oil prices and dependence on hostile regimes — the urgent case for Canadian oil

[Sullivan has an interesting overview of the instability in the Middle East, which could lead to an oil shock quickly along with the economic and sky-high prices that entails. He also mentions “peak oil” and its implications, a term rarely … Continue reading

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Economic peak shale natural gas and oil from yet another bank & Wall Street scam

[ “Shale drillers companies are struggling to pay $235 billion of high-yield, high-risk debt taken on during the past 3 years of the U.S. shale boom. Shale drillers have consistently spent money faster than they’ve made it, even when oil … Continue reading

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Peak oil sands, low EROI, high debt, limited pipeline and refinery capacity

Peak tar sands, a.k.a. oil sands Techno-opmtimists claim that technology will enable nasty, sour, gunky, expensive, difficult unconventional oil to fill in the gap of declining conventional oil. Conventional oil is declining too quickly for unconventional to match But that’s … Continue reading

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Peak Oil in the Congressional record: Overview

Peak Oil in the Congressional record: Overview by Alice Friedemann, energyskeptic.com June 11, 2015 Even the most ardent techno-optimists and economists admit there are limited supplies of fossil fuels, but they insist we don’t need to worry for a long … Continue reading

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The difference between depletion and decline rate in oil fields

Notes from 26 page: Höök, M., Davidsson, S., Johansson, S., Tang, X. 2014. Decline and depletion rates of oil production: a comprehensive investigation. Philosophical Transactions. Series A: Mathematical, physical, and engineering science, 372 Depletion rate is the rate that the … Continue reading

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