Category Archives: Oil

Why is oil production peak the problem and not when the oil runs out?

First, a little history The exponential growth of population from 1 billion to 7 billion in less than 200 years was fueled by fossil fuels, especially oil, which does the actual work of a society and is as necessary as … Continue reading

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A financial crash would stop new oil production, sending us over the net energy cliff with a 10% decline rate per year

Gail Tverberg’s March 4, 2014 “Reasons for our Energy Predicament – an overview” gave me this sudden insight: There is the potential for a sudden drop of 10 to 30% in oil production.  That magnitude of world-wide oil shocks would … Continue reading

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Matt Simmons “Twilight in the Desert” Saudi Arabia oil: how much left?

Once the large fields peak in Saudi Arabia oil shocks will reverberate throughout the world Best up-to-date status of oil fields in Saudi Arabia. Ghawar is in decline, but 2 new fields filled in, once they’re in decline, there are … Continue reading

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Science Magazine: Peak Oil Production may have happened in 2005

[It’s widely known that peak conventional oil arrived in 2005. Yet it appears in EIA and IEA statistics that oil production has risen. This is because unconventional oil from natural gas liquids (mostly used to make plastic, not transportation fuel),  … Continue reading

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Book Review of “Wheel of Fortune. The Battle for Oil and Power in Russia”

Alice Friedemann’s book review of “Wheel of Fortune. The Battle for Oil and Power in Russia”, by Thane Gustafson. 2012. The main thesis of this book is that Russia will collapse again. Soon.  Unless Russia drills offshore and in the … Continue reading

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How fuel prices are being affected by the current boom in domestic oil production

Senate 113-71. July 16, 2013. Gas Prices Hearing on how U.S. gasoline and fuel prices are being affected by the current boom in domestic oil production and the restructuring of the U.S. refining industry and distribution system. Senate Hearing. [ … Continue reading

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Peak fossil fuels means global warming less than projected

This Science article states we could emit CO2 at the same rate we are now for another 50 years before going over the 2 degrees Celsius level we need to avoid a runaway greenhouse.  Since we are at peak world fossil … Continue reading

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Oil can never be replaced with alternative energy

People who think that wind, solar, biofuels, hydrogen, batteries, and so on will save us simply don’t understand how much energy is contained in oil and other fossil fuels, how much we rely on it, how it is at the … Continue reading

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Peak Oil Acknowledged by Middle Eastern countries — they’re scared

Very interesting reflections on a peak oil conference in the Middle east of the countries that export oil.  I think it must mean we’re past peak, don’t believe “the near future”. Peak Oil as seen through the eyes of Arab … Continue reading

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Oil Statistics

Source: 6 Aug 2012. Lou Gagliardi. Energy Stock for the Short Term. Cabot Wealth Advisory. Major oilfields in decline  Around 70,000 oil fields are currently in production, according to the UK’s Industry Taskforce on Peak Oil and Energy Security (ITPOES). … Continue reading

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