Could oil demand peak before oil supplies?

According to some industry analysts, “peak oil” could actually be just around the corner. Not peak oil as it has been predicts for decades – a steadily increasing demand and a dwindling supply – but just the opposite. Royal Dutch Shell now believes that abundant supplies will outpace demand. Royal Dutch Shell Plc, the world’s […]

The 10 Million Barrels Club of Alberta

Before publishing the article The Most Prolific Oil Well in Alberta, I asked many friends in the industry if they could guess the size (in terms of cumulative oil production) of the largest oil well in Alberta. I heard estimates as low as 3 and as high as 10 million barrels. Many were shocked to […]

Civil War II – Fourth Turning Is Intensifying

“History offers even more sobering warnings: Armed confrontation usually occurs around the climax of Crisis. If there is confrontation, it is likely to lead to war. This could be any kind of war – class war, sectional war, war against global anarchists or terrorists, or superpower war. If there is war, it is likely to […]

Shell Warns ‘Peak Oil Demand’ Could Be Reached In 2021

A senior executive for Royal Dutch Shell claimed demand could reach its peak as early as 2021, which is much sooner than anticipated by other analysts. “We’ve long been of the opinion that demand will peak before supply,” said Shell Chief Financial Officer Simon Henry, in a Tuesday conference call.   “And that peak may […]

OPEC Is Now Irrelevant – This Oil Price Plunge Is Different

OPEC Price Band Not very long ago, oil prices traded at well below $20/b and OPEC anxiously came up with a mechanism which it termed as “OPEC Price Band’ $22-$28/b”. The rationale for this price band, was that OPEC members would find it sufficient for the growth of their oil and gas industry while the […]

Russia Continues To Raise Its Oil Production

Goldman Sachs’ commodity analysts are a merciless bunch. Just the other day they warned that if OPEC fails to agree on a freeze, crude oil prices will dive back to US$40, adding that even if the agreement was reached, non-OPEC producers would continually ramp up their production, rendering any deal ineffective. Now, the same analysts […]

#NoDAPL: War on Water

As the Dakota Access Pipeline reaches the Missouri river Warriors and Water Protectors built a bridge so that they can block construction on the other side of the river. Cops attacked the people with rubber bullets and pepper spray but warriors bravely fought back and lived to fight another day. Support the West Coast Women […]

Heinberg: The Case of the Vanishing Oil Reserves

Where are Philip Marlowe and Sam Spade when we need them? A crime is in progress, and only a detective who’s unafraid of stepping on powerful people’s toes is likely to get to the bottom of it. Here’s what we know. Someone is stealing the world’s valuable petroleum reserves right from under our feet—and getting […]

Here’s the catch-22 for the oil market

Oil prices could be heading lower as OPEC dithers, the election raises fears and traders stand on the sidelines. OPEC will dictate where oil prices head for the remainder of the year and into 2017 and the organization’s failure to come to an agreement at its recent Vienna meeting is telling – the major sticking […]

Peak Oil & System Justification: “Threats”

Energy and the economy represent just two self-relevant domains that people can feel uncertain about, both in terms of how they operate at a societal level and how people should act on them. This kind of unfamiliarity can be problematic for day-to-day functioning, and can also be psychologically stressful. NO BLAME ASSIGNED In short, it […]

The Last Gasp of the American Dream

Just at the moment, many of my readers—and of course a great many others as well—are paying close attention to which of the two most detested people in American public life will put a hand on a Bible in January, and preside thereafter over the next four years of this nation’s accelerating decline and fall. […]

‘Peak auto’ is a zombie idea that has taken over the US auto market

Morgan Stanley lead auto analysts Adam Jonas published a research note on Wednesday in which he argued that “peak auto” — the idea that the US car sales market has plateaued — is a “stigma” that the industry can’t shake. “An 18.3-million light-vehicle sales pace for October beat consensus estimates of 17.7 million,” he wrote, citing sales […]

Scientists have discovered why American honey bees are turning into zombies

A California based group has discovered a growing threat to the American honey bee population that turns them into “zombees.” The research by Dr John Hafernik and his team have discovered that the phorid fly has begun to use the honey bee as its host, and could be contributing to colony collapse disorder. These infected “zombees” behave erratically, leaving their nest to die.

Leaked Pentagon Video Shows 5 Groups That Could Disrupt Future Cities

Recently, The Intercept published an internal Pentagon video it obtained via the Freedom of Information Act. The short film — entitled “Megacities: Urban Future, the Emerging Complexity” — was used to educate elite United States soldiers on the world’s urbanized, dystopian, overpopulated future and all the military challenges that will come along with that future. […]

Venezuelans told to grow own food

Some Venezuelan city dwellers are trying to grow their own produce to offset the country’s severe shortages following socialist President Nicolás Maduro’s calls for “food sovereignty.” But in a country where families are going hungry as a result of government mismanagement and sky-high inflation, many view the “Great Agro-Venezuela Mission” with skepticism. “Agriculture shouldn’t be a […]

Zombie Drillers: A Halloween Horror Story For Oil Markets

Investors may not realize it, but the Walking Dead is not the only zombie show running right now. The oil markets are at least as scary and have zombies that are much harder to kill than AMC’s popular program. While about 100 oil companies have gone bankrupt in 2015 and 2016, almost none of those […]

How Researchers Could Miss the Real Energy Story

I have been telling a fairly different energy story from most energy researchers. How could I possibly be correct? What have other researchers been missing? The ‘standard’ approach is to start from the amount of resources that we have of a particular type, for example, oil in the ground, and see how far these resources […]

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