Tag Archives: peak oil

Global oil discovered 7.7 times less than consumption in 2019

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

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?

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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Antonio Turiel: Explaining Peak Oil the Easy Way

Preface. Turiel writes an excellent blog “The oil crash” at http://crashoil.blogspot.com. Turiel explains eloquently why the amount of oil will decline even though there are vast pools of oil left underground. If you read my book “When trucks stop running”, … Continue reading

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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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Net Energy Cliff Will Lead to Collapse of Civilization

The remaining oil is poor quality, and the energy to get this often remote oil so great that more and more energy (blue) goes into oil production itself, leaving far less — the grey area — available to fuel the … Continue reading

Posted in 2) Collapse, 3) Fast Crash, An Overview, By People, Energy, EROEI Energy Returned on Energy Invested, Net Energy Cliff, Stages of | Tagged , , , , , , | 12 Comments

The Coming Copper Peak

Elon Musk told a closed-door Washington conference of miners, regulators and lawmakers that he sees a shortage of EV minerals coming, including copper and nickel (Scheyder 2019).   Other rare metals used in cars include neodymium, lanthanum, terbium, and dysprosium (Gorman … Continue reading

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

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”

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

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

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