Peak Oil is You

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News from May 2017

4 Wildly Different Oil Price Scenarios For 2020

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After the nine-month extension of the OPEC deal, there is a growing consensus that oil might bounce around in the $50s and $60s for the rest of the year. But as we move into 2018 and beyond, there is a great deal of disagreement among analysts about what happens to oil prices. One school of […]

Oil Tanker Passing Through Red Sea Attacked By Unknown Militants

An oil tanker passing through the Red Sea near Yemen suffered an attack on Wednesday perpetrated by unknown agents, according to the European Union’s naval forces. The assailants used rocket-propelled grenades on a tanker bearing the Marshall Islands’ flag in the Bab al-Mandab Strait, which is the focus of the proxy war between Saudi Arabia […]

Elite Oil Investors Believe A Major Crude Oil Rally Is Coming

Despite ongoing energy market weakness, and a global oil glut with seemingly no end in sight, some of the most successful oil investors in the world are betting on a sharp recovery for crude. Forbes points out a couple of heavy-hitters with a great track record that are indeed getting bullish on oil here: Leigh […]

Peak Oil Demand Is A Risk – Why Nobody Knows If Or When

The lead story in a recent The Wall Street Journal Report on Innovations In Energy was titled “Get Ready for Peak Oil Demand.” We have been getting ready for the past couple of years. However, in dealing with such a critical issue overhanging the future of this important global industry, the unanswered question is when […]

‘Overpopulation’ Fears Are a Hoax. Here’s Why Higher Populations Are Actually a Good Thing.

In 1798, Thomas Malthus wrote “An Essay on the Principle of Population.” He predicted that mankind’s birthrate would outstrip our ability to grow food and would lead to mass starvation. Malthus’ wrong predictions did not deter Stanford University professor Paul Ehrlich from making a similar prediction. In his 1968 best-seller, “The Population Bomb,” which has […]

Tillerson Present as Exxon Signed Major Deal with Saudi Arabia During Trump Visit

During his recent trip to Saudi Arabia, President Donald Trump announced an array of economic agreements between the U.S. and the Middle Eastern kingdom, saying it would usher in “jobs, jobs, jobs” for both oil-producing powerhouses. While the $350 billion, 10-year arms deal garnered most headlines, a lesser-noticed agreement was also signed between ExxonMobil and the state-owned Saudi Basic […]

This Is What the Demise of Oil Looks Like

From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs of the world’s expanding middle classes. But what if they’re wrong? There’s a host of reasons to think they might be. Here’s what happens when […]

Is Goldman Sachs Playing With Fire In Venezuela?

Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime could more than double the value of debt, The Wall Street Journal reported on Sunday, citing five people familiar with the deal. According to the people in the know, last […]

This Is One of the Most Worrying Signs of Economic Collapse

Falling Oil Prices Is a Warning Sign to Investors of an Economic Collapse in 2017 Oil can’t seem to hold its price this year. Whenever it crosses the $50.00/barrel mark, it falls back a dollar or two. This might be good for drivers when they fill up at the pump, but it’s not a good sign […]

What happened to peak oil? With Richard Heinberg

We talk peak oil with Richard Heinberg, Senior (and very fine) Fellow with the Post Carbon Institute. Richard is regarded as one of the world’s foremost advocates for a shift away from our current reliance on fossil fuels. He’s the author of 13 books, including some seminal works with titles like The End of Growth: Adapting […]

Millennial Behavior Is About To Make Fools Of Peak Energy Demand Theorists

There are a lot of policymakers and pundits hanging plans on the idea that the nation is facing a ‘new normal’ rooted in ostensibly unprecedented behaviors exhibited by Millennials. Since that generation is now and will be for decades the largest share of the population, how they behave impacts everything going forward, especially for energy […]

The Steady Drumbeat Of More Global Oil Demand

This one is for all those who have worn the uniform, either still with us, or gone…I thank you. “It’s amazing to know that despite the extraction of 185 billion barrels over the period, today we have 70% more oil reserves than we had on June 6, 1944, when heroes landed at Omaha beach, fueled […]

Move Over Tesla, Europe’s Building Its Own Battery Gigafactories

Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc.is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a 500 million-euro ($543 million) plant to assemble lithium-ion […]

Kunstler: The So-called Resistance

Entropy never sleeps. It works remorselessly to transform things of value into useless, dissipated waste and heat. Complexity stokes it especially as the law of diminishing returns multiplies the wheels of futility spinning down to zero. Hence, the intellectual decay of American life in which spin is everything, anything goes, and nothing matters. The latest […]

Oil Companies Could Go Bankrupt If Oil Falls, Stays Below $45

Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of oil equivalent in 2016, which implies that the industry needs the price of oil at US$45 to break even in aggregate, according to a Bernstein Research survey of the 50 […]

Everything Is A Rich Man’s Trick

The who, how & why of the JFK assassination. Taken from an historical perspective starting around world war 1 leading to present day. We hope after watching this video you will know more about what happened in the past and how the world is run today. If you would like to help make part two […]

Russia And Iran Sign Oil-For-Goods Barter Deal; Escape Petrodollar

Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will “sell”, or rather barter crude oil to Russia in exchange for products. The announcement was made by Iran’s Oil Minister Bijan Zanganeh, as reported by Russia’s RIA and TASS news agencies. “The deal has been concluded. We are […]

Michael Lynch: What The Prophets Of Peak Oil Demand Are Missing

One thing is certain: Whenever the oil crash comes, it will be only the beginning. Every year that follows will bring more electric cars to the road, and less demand for oil. Someone will be left holding the barrel.” Joe Romm, ThinkProgress, Oct. 21, 2016 “Two fundamental trends are shaping the future of the automobile. […]

Oil – The Great Equalizer

Balance the budget? Stop terrorism? Pull the rug out from under Russia? Re-shape the Middle East? All of this can be done, and can be done by the United States, without military force, and the epicenter of all of this, is oil. Our oil policy has been lousy and, if not lousy, then it has […]

A Third of the Nation’s Honeybee Colonies Died Last Year

America’s beekeepers watched as a third of the country’s honeybee colonies were lost over the last year, part of a decade-long die-off experts said may threaten our food supply. The annual survey of roughly 5,000 beekeepers showed the 33% dip from April 2016 to April 2017. The decrease is small compared to the survey’s previous 10 years, when […]

Resilience and Resource Efficiency in Cities

City superfans, there’s a new report! The UN Environment report “Resilience and Resource Efficiency in Cities” is now available. Download here The report reflects on resilience, on resource efficiency, and on the nexus between the two. The authors explore definitions and implementation. Key Links http://www.resourceefficientcities.org https://www.iied.org/sustainable-cities-nexus-between-resilience-resource-efficiency Report (PDF) Questions How was the report prepared? Does the Global Initiative for Resource […]

Why selling off the oil reserve is a good idea

Remember the energy crisis? If so, congratulations on your good memory. The United States is producing more oil than it has in three decades. Our dependence on foreign petroleum is way down. And now, the Trump administration wants to sell off much of the government’s emergency stockpile of oil. This will come as a surprise […]

The Top 10 Nations Exporting Oil To The U.S.

U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a large variety of sources. The EIA began carefully tracking American oil imports in 1986, meaning there is now a significant amount of historical data. From […]

Iran Confident of Oil Price Rebound

The unexpectedly negative reaction of global markets to OPEC’s decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran’s Oil Minister Bijan Namdar Zanganeh. Thirteen producers on Thursday agreed at the 172nd meeting of OPEC ministers in Vienna to extend an accord to scale back crude oil […]

Nuclear nightmare worse than Fukushima could hit US because of ignored risks

The US has underestimated the risks to its nuclear safety as a single nuclear fuel fire could lead to fallout “much greater than Fukushima,” according to a new study. Researches slammed the Nuclear Regulatory Commission for ignoring the potential danger. If spent fuel at one of the dozens of US nuclear sites sets alight, it […]

Michael Lynch: Peak Oil Demand? A Little History Lesson

Are We Overstating the World’s Overpopulation Problem?

Every spring, our company hosts a Market Summit, which brings together the editors, artists, and sales folks from all of the Meister Media Worldwide media brands to share ideas and information about the various agricultural markets we cover. One topic we discussed was the often cited challenge of feeding a global population expected to grow […]

Heinberg: Juggling Live Hand Grenades

Here are a few useful recent contributions to the global sustainability conversation, with relevant comments interspersed. Toward the end of this essay I offer some general thoughts about converging challenges to the civilizational system. “Oil Extraction, Economic Growth, and Oil Price Dynamics,” by Aude Illig and Ian Schiller. BioPhysical Economics and Resource Quality, March 2017, […]

Where Oil Demand Is Headed Long Term

Bart Melek, global head of commodity strategy at TD Securities, joins Bloomberg TV Canada’s Lily Jamali to break down OPEC’s decision to extend its supply cuts and discuss why he sees long-term demand for oil picking up.

Atlantic Crossing by Albert Bates

“There are some black swans in aviation’s future that could tip its economic balance. The three biggies are peak oil, climate weirding and cyberwarfare.“ We are in London this week and on our trip across the pond we could not help but think how much more we would much prefer to have gotten here by […]

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