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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 2005, peak oil, peak oil 2005 science, science, science magazine
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
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
Posted in Refining, U.S. Congress Transportation
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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
Posted in CO2 and Methane, Coal, Global Warming, Oil
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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
Posted in Oil
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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
Posted in How Much Left
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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
Posted in Oil
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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
Posted in Arctic
Tagged arctic oil, cost, risk
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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
Posted in Advice, An Overview, By People, Energy, Government study predictions, How Much Left, Robert Hirsch
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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
Posted in How Much Left
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