Keeping Oil Production From Falling
Production flows from a given oil field naturally decline over time, but we keep trying harder and technology keeps improving. Which force is winning the race?
peak oil
Oil Abundance? Not So Fast- A Risk Checklist
Understanding how we use oil and where it comes from provides many reasons why Americans should be worried about the future of oil supplies.
Oil Abundance? Not So Fast – Drilling holes in the energy boom story
The story of America’s new energy abundance has been accepted uncritically by too many people.
Peak Oil Review – July 14
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Russia, Quote of the Week, The Briefs
Oil prices started to skyrocket when one quarter of global supplies went into irreversible decline
The seemingly ever growing oil production is deceiving. The process of peaking is happening right under the growth curve. One has only to look for it
The Oil Production Story: Pre- and Post-Peak Nations
The news media continue to chant that “peak oil is dead” and see the U.S. shale oil miracle as a sustainable turn of events, not a term-limited booster.
Why Standard Economic Models Don’t Work–Our Economy is a Network
With diminishing returns, the economy is, in effect, becoming less and less efficient, instead of becoming more and more efficient.
Banking on Iraq
Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled South, from where the bulk of Iraq’s oil exports come from.
Peak Oil Review – Jun 16
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
Energy Crunch: The writing’s on the wall
In the last fortnight we’ve seen new rules on coal emissions in the US, the prospect of a cap on coal consumption in China, and a report from the International Energy Agency (IEA) highlighting the risks to fossil fuel investment.
IEA Investment Report – Stumbling on the Real Story
What the IEA has inadvertently stumbled upon is the reason why oil limits are a problem…It looks like there are plenty of resources available and plenty of ways to reduce energy use through mitigation. In fact, it becomes to impossible to finance everything that needs to be done.
The inevitable demise of the fossil fuel empire
The latest data from the International Energy Agency (IEA) and other sources proves that the oil and gas majors are in deep trouble.