Oklahoma’s earthquake rate slows, but Cushing oil hub remains in danger zone

The good news for Oklahoma is that the number of earthquakes stronger than magnitude 2.7 that hit the state last year fell by more than a third to 2,500, compared with 4,000 in 2015. The bad news is the 2016 total is still astronomical compared to the two earthquakes the state experienced annually between 1980 […]

No Peak Oil For America Or The World

Oil is more plentiful than you can imagine. And we keep figuring out easier and more economical ways to get it out of the ground. In 1938, the famous geologist M. King Hubbert came up with the concept of peak oil, which is defined as having extracted half of the recoverable, conventional oil reserves. After […]

The Beginning Of The End For The Bakken Shale Play

It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has deteriorated, gas-oil ratios have increased and water cuts are rising. Much of the reservoir energy from gas expansion is depleted and decline rates should accelerate. More drilling may increase […]

Oil, Gas Industry Affirms Trump Speech, Job Growth Agenda

While the president stuck close to themes of prosperity and defense in his first speech to Congress, energy leaders praised the address for highlighting efficiency and intent to rollback regulations. Deon Daugherty Senior Editor, Rigzone “We have undertaken a historic effort to massively reduce job‑crushing regulations: creating a deregulation task force inside of every government […]

The Magic Lantern Show

The philosophy of Arthur Schopenhauer, which we’ve been discussing for the last three weeks, was enormously influential in European intellectual circles from the last quarter of the nineteenth century straight through to the Second World War.  That doesn’t mean that it influenced philosophers; by and large, in fact, the philosophers ignored Schopenhauer completely. His impact […]

BP Says Peak Oil Demand May Occur Post-2050, Plans to Increase Production

In the wake of the expected growth trends set out by its energy outlook, BP plc revealed in its latest strategy update that it anticipates production to increase by an average of 5 percent per year from 2016 to 2021. BP Group production, which includes BP’s share of production from Rosneft, is expected to be […]

The End Of A 100 Year Global Debt Super Cycle Is Way Overdue

For more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history.  Never before have we seen such a level of debt saturation all over the planet, and pretty much everyone understands that this is going to end very, very badly […]

Powerful 5.6 earthquake rocks Fukushima

More bad news for the beleaguered Japanese prefecture of Fukushima, as a powerful earthquake shook cities and halted train services. No damage or injuries were reported in the second major earthquake since November 2016, APA reports quoting Sputnik.   The undersea earthquake, 21 miles from the nearest settlement and striking at a depth of 26 […]

6 Things That Will Happen If Our Power Grid Goes Down

Imagine if you will, what would happen if you pulled an American family from the 19th century, and plopped them in the middle of downtown Los Angeles during rush hour. They’re not given a warning, they’re not given any kind of primer on what they’re about to experience, and the occurrence is completely inexplicable. How […]

Should $20 A Barrel Be The Real Price Of Oil?

Summary Since the low in January of 2016, oil prices have rebounded to a recent price around $54. Investor bullishness was driven by the belief in peak oil theory, the slow transition to electric and hybrid engines, and the use of the commodity oil as an investment in the China boom. What does history say […]

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