Tag Archives: how much oil 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

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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

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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

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How Much Oil is Left?

The Power of Exponential Growth: Every 10 years we have burned more oil than all previous decades Preface. There is a lot of oil left. The problem is, most of the remaining oil is unconventional, which needs a lot more … Continue reading

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