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

Posted on November 22, 2014 by

Summary of article 1, Cobb’s “Aging Giant Oil Fields” 2013 The world’s 507 giant oil fields comprise a little over 1% of all oil fields, but produce 60% of current world supply Of the 331 largest fields, 261, or 79%, … Continue reading →

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Gail Tverberg: Eight Pieces of Our Oil Price Predicament

Posted on October 23, 2014 by

Eight Pieces of Our Oil Price Predicament October 22, 2014, by Gail Tverberg A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of … Continue reading →

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Super Rust Corrodes hundreds of ships and could sink the oil industry

Posted on October 4, 2014 by

Blame it on super-rust, a virulent form of corrosion that has destroyed hundreds of ships and could sink the oil industry. By Richard Martin, June 2002. Wired Magazine. Key points (see the full article at http://archive.wired.com/wired/archive/10.06/superrust.html): Ships that cost hundreds … Continue reading →

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Domestic sources integral to U.S. energy security, but may be vulnerable By Elizabeth Bunn

Posted on May 15, 2014 by

Domestic sources integral to U.S. energy security, but may be vulnerable By Elizabeth Bunn U.S. Vulnerabilities The following facilities represent some the most important oil and petroleum infrastructure in the United States. The vulnerability of these systems depends on several … Continue reading →

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No More Oil Exports by 2030

Posted on May 13, 2014 by

Jeffery J. Brown. 10 Jun 2013. Commentary: Is it only a question of when the US once again becomes a net oil exporter?  ASPO-USA   Key points made in this article: In just 17 years given current trends, China and … Continue reading →

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Vulnerabilities pose risks in top U.S. oil suppliers Elizabeth Bunn

Posted on May 6, 2014 by

Many of the countries the U.S. depends on for oil and petroleum products have corrupt governments at varying levels, crime problems and face civil unrest. Whether initiated by al-Quida in Iraq, militant groups in Nigeria or armed rebels along the … Continue reading →

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Gail Tverberg on why Oil Decline will be FAST

Posted on May 5, 2014 by

Will the decline in world oil supply be fast or slow? April 11, 2011 by Gail Tverberg Below are excerpts, read the link above to see all of this excellent article. Gail makes the case that the downslope of energy … Continue reading →

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Feedback Loops

Posted on May 4, 2014 by

  1) Feedback loops that lead to oil prices drop below the cost of production Oil price rises or spikes from blockage of straits of hormuz, exports decline (ELM), Saudi Arabia and/or Middle Eastern high decline rates,  China and India … Continue reading →

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After a nation crashes it can’t afford oil, collapse happens FAST

Posted on May 1, 2014 by

Why fixing energy policy is so difficult April 25, 2011 by Gail Tverberg Everyone would like to fix the US energy policy, but doing so is almost impossible, in my view, because we need to be planning for a much bigger … Continue reading →

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Oil Crunch 2015: UK Industry Task force on Peak Oil & Energy Security (ITPOES)

Posted on April 25, 2014 by

Ahmed, N.  28 Mar 2014. Ex govt adviser: “global market shock” from “oil crash” could hit in 2015. The Guardian. Former oil geologist Dr. Jeremy Leggett, identified 5 “global systemic risks (oil depletion, carbon emissions, carbon assets, shale gas, and … Continue reading →

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