Category Archives: Oil

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

Posted in Flow Rate, How Much Left, Peak Oil | Tagged , , , , | 2 Comments

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

Posted in Arctic, Books, Energy Books, How Much Left | Tagged , , | 1 Comment

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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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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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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