Category Archives: Oil Shocks

Reserves exaggerated, Financial crash — new oil projects can’t get funding, any kind of war whether cyber or nuclear, key chokepoints strangled by regional wars, Ghawar and other giants begin their 9% decline per year, infrastructure rusting, Export Land Model — one way or another oil shocks are on the way and Peak Oil will create fear and panic across the world and crash the stock markets if that hasn’t already happened on its own from corruption

Giant oil field decline rates, peak oil, & reserves

Posted on August 30, 2024 by

Preface. Of the roughly 47,500 oil fields in the world, 507 of them, about 1%, are giant oil fields holding nearly two-thirds of all the oil that has ever been, or ever will be produced, with the largest 100 giants, … Continue reading →

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Permafrost & lack of gravel will limit arctic natural gas, oil, and coal extraction

Posted on June 21, 2024 by

Preface. For many people, it’s comforting to know that about 25% of remaining oil and gas reserves (we have the know-how and economics to get it) and resources (beyond our technical and/or monetary capability) are in the arctic. They assume … Continue reading →

Posted in Arctic, EROEI remaining oil too low, How Much Left, Peak Natural Gas, Peak Oil, Reserves Lower than stated, Roads, Transportation Infrastructure | Tagged , , , , | Comments Off on Permafrost & lack of gravel will limit arctic natural gas, oil, and coal extraction

Oil choke points vulnerable to war, chaos, terrorism, accidents, & piracy

Posted on April 12, 2024 by

Source: Ballout, D. 2013. Choke Points: Our energy access points. Oil Change. Preface. Below are several articles I’ve collected since 2005 on oil chokepoints. If oil tanker traffic were stopped on one or more, much of the world would plunge … Continue reading →

Posted in Chokepoints, Oil & Gas, Oil Shocks, Threats to oil supply | Tagged , , , | 6 Comments

The French Energy Sobriety Plan

Posted on October 7, 2022 by

Preface.  Below is the announcement of the French Energy Sobriety Plan by Prime Minister Borne. The energy crisis is coming to all nations, and we should all be implementing their action plan (and family planning, birth control, abortion, limited immigration). … Continue reading →

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2008 National Academy of Sciences meeting on America’s Energy Future

Posted on June 17, 2022 by

Preface.  Hundreds of top scientists gathered in 2008 to discuss the future of energy in America at a time when oil prices were reaching record highs. And here we are again with record breaking prices and no reduction of our … Continue reading →

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Energy certificates as currency when oil shocks strike?

Posted on April 6, 2022 by

Since world oil peaked in 2018, clearly there will be a time when there are oil shortages. The price may be high at first, but that often brings on a financial crash (Hamilton 2013), unemployment rises as business shut down, … Continue reading →

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Peak oil: “It’s the flows, stupid!” Energy abundance depends entirely on the RATE of energy flow

Posted on August 24, 2021 by

Preface. Below are excerpts from two articles on why the FLOW RATE of oil is what matters for our fossil-fueled civilization. It’s like how, when filling up a bathtub, you want to turn the faucet on as high as it … Continue reading →

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Antonio Turiel: Explaining Peak Oil the Easy Way

Posted on April 2, 2020 by

Preface. Turiel writes an excellent blog “The oil crash” at http://crashoil.blogspot.com. Turiel explains eloquently why the amount of oil will decline even though there are vast pools of oil left underground. If you read my book “When trucks stop running”, … Continue reading →

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Crash alert: China’s resource crisis could be the trigger

Posted on November 25, 2018 by

Preface.  Way to go Nafeez Ahmed, your second home run of reality based reporting on the energy crisis this week.  There are countless economists within the mainstream media predicting an economic crisis worse than in 2008, but they totally ignore … Continue reading →

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By 2020 it may be clear to everyone that oil decline has begun

Posted on February 7, 2018 by

Preface. There are two parts to Dittmar’s study. The first one concerns production, based on the most recent years of oil production.  Dittmar found a strong pattern of oil decline after the plateau of 3% a year for five years, … Continue reading →

Posted in Exports decline to ZERO, How Much Left, Peak Oil | Tagged , , | 3 Comments