Category Archives: Oil

Professor Tad Patzek on Oil in the Arctic

[Shell spent 10 years and $7 billion before withdrawing from exploring the arctic because the oil and gas reserves they found were too meager.  The company needed “a multi-billion barrel discovery” to “justify going ahead,” Shell chief executive Ben van … Continue reading →

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Summary of Hirsch & Bezdek 2005 DOE Peak Oil study

A summary of: Hirsch, R. L., et al. February 2005. Peaking of World Oil Production: Impacts, mitigation, & risk management. Department of Energy. The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. … Continue reading →

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Hirsch predicts Oil Shocks by 2017, panic, and stock market crash

I believe oil shocks could lead to a FAST CRASH Robert L. Hirsch was the author of the first US government report on peak oil in 2005, which recommended taking action to mitigate Peak Oil at least 20 years before … Continue reading →

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Don’t worry, be happy, there’s plenty of oil, natural gas, & coal left

These posts and links rebut the studies of cornucopians like Magueri and Daniel Yergin at CERA, who say there’s lots of oil left. Richard Kerr. 10 Aug 2012. Are World Oil’s Prospects Not Declining All That Fast? Science vol 337 … Continue reading →

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Bunker Fuel supplies declining

I had always assumed large container ships would be the last to go in the oil age since hauling cargo in them is more efficient than even trains, but it looks like that isn’t as true any more. Ships use … Continue reading →

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