Saudi Arabia is Freezing Oil Production By Default

When you are already pumping as much oil as you possibly can – by default – you are forced to freeze production, or agreeing to a production freeze.

Peak Oil: Are We Not Better Than This?

I’ll confess that I hesitated before starting this series. It was too easy to again just dive into mockery and sarcasm over pieces written several weeks ago by those who refuse to give credence to the concept of peak oil and/or its implications. [It’s also the gateway to yet another round of verbal grenade lobbing […]

Could an Economic Collapse be in Our Near Future?

Climate scientists and others have in the past few years issued a steady stream of analyses showing that without immediate remedial actions, a disastrous future is headed our way. But is it a four-decade-old study that will prove prescient? That study, issued in the 1972 book The Limits to Growth, forecast that industrial output would […]

Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era

Pot would be big enough to buy world’s four largest companies First step will be sale of Aramco stake by 2018, prince says Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Deputy Crown […]

Is U.S. Shale Oil & Gas Production Peaking? Part II: Oil Production

In Part I of this post, I discussed production of gas from the four largest shale plays in the U.S. Ordered by production levels, these are the Marcellus, Barnett, Haynesville and Fayetteville shales. In my mind it is quite unlikely that much new drilling will occur in Fayetteville and Haynesville. There will be some drilling […]

Is U.S. Shale Oil & Gas Production Peaking? Part I: Gas Production

by Tad Patzek. Part I of this post shows my calculations of ultimate gas recovery from the Barnett, Fayetteville, Haynesville and Marcellus shales. They might deliver 6-7 years of natural gas consumption in the U.S. in 2015, or might deliver only 3 years worth of U.S. gas consumption. In Part II, I will show my […]

ISIS Turns Saudis Against the Kingdom, and Families Against Their Own

The men were not hardened militants. One was a pharmacist, another a heating and cooling technician. One was a high school student. They were six cousins, all living in Saudi Arabia, all with the same secret. They had vowed allegiance to the Islamic State — and they planned to kill another cousin, a sergeant in […]

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