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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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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Flow Rate Posts

Interview of Richard G. Miller by Steve Andrews in Peak Oil Review.  Feb 2014. Q: You refer to the widely used phrase—“it’s not so much the size of the tank as it is the size of the tap.”  Care to comment … Continue reading

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Depletion Rate Articles and Posts

Articles 2005. Matt Simmons. THE WORLD’S GIANT OILFIELDS How Many Exist? How Much Do They Produce? How Fast Are They Declining? Posts July 13, 2005.   “Powerswitch” Clive Smith What seems to be happening…is that our new oil extraction technology, … Continue reading

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Oil

Since oil is so fabulous, why not just drill for more? Economists don’t believe that there is a finite amount of anything, all you have to do is drill a hole, pour money into it, and Voila! – black crude … Continue reading

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