Peak Oil And Peak Demand Have Entirely Different Outcomes

Following my previous article — Peak Demand? No, A New Gasoline Demand Record — I received some interesting feedback from readers. It quickly became apparent that some didn’t understand that the current discussions around “peak oil demand” are quite different than the “peak oil” arguments that were popular a few years ago. Some interpreted my […]

World GDP in current US dollars seems to have peaked; this is a problem

Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people are not aware of this power, including, I suspect, some of the people making today’s decisions to raise interest rates. Similar people want to sell […]

Looking past the short-term

A global perspective on events impacting the oil and gas industry PHOTOS BY SYLVESTER GARZA EDITOR’S NOTE: OGFJ spoke with BDO’s Charles Dewhurst and Tom Elder for a global perspective on recent events impacting the oil and gas industry. Dewhurst serves as BDO’s International Liaison Partner and leader of the Global Natural Resources practice. Tom […]

The Myth Of Natural Gas As A Bridging Fuel

I often disagree with the consulting group Bloomberg New Energy Finance, but they may be spot on in questioning whether natural gas can serve as a bridge to the future.  Of course, they would say no, renewables will take over quickly, while I would say it will continue to be an important fuel, not a […]

IEA sees fall in oil demand to continue

The Paris-headquartered International Energy Agency (IEA) has been anticipating extended period of decline in the demand for oil commodities, primarily in core sectors like power and transport. In his presentation at the week-long Asia Cooperation Dialogue (ACD) on Energy in Bohol, IEA Special Advisor to the Executive Director Amos Bromhead noted that despite doubling of […]

Which EROI do we need to collect berries?

    My wife, Grazia, collecting berries in the woods of Tuscany in a hot day of August. Maybe her ancestors were doing exactly the same, more or less in the same place, hundreds or thousands of years ago.    The question of EROI – the energy return on energy invested – is raging nowadays, […]

Circular economy – Effective resource management

Moon Stone International Investment S.A. from Luxemburg is a company, which has come to realize that proper waste management is a new industry for the future for those who will recognize this opportunity. Luxembourg (PRWEB) August 14, 2017 In recent years, efficient use of resources and a low-carbon society have become the focus of global […]

Sunlight and Seaweed

The marvelous Prof Tim Flannery was once described by the Financial Times as akin to a cross between Charles Darwin and Indiana Jones for his pioneering mammalogy and paleontology field work. But he gave up this adventurous life to focus on climate change writing and campaigning. Tim drops into the studio and we discuss why, […]

Kunstler: Smoke and Fire

Cue the corn pone Nazis. Enter, stage left. Well, what did you expect? With the various authorities in this culture incessantly applying “white privilege” noogies to the public’s skull, sooner or later they were sure to provoke a lizard-brain response from the more limbic-oriented low orders of honkeydom. Of course, you couldn’t stage-manage a more […]

A future of cheap oil

An ongoing price slump is rattling the industry and weakening petrostates. How will low prices change the world? Here’s everything you need to know: How cheap is oil? Prices have hovered between $40 and $50 a barrel for the past year — far below the pre-collapse high of $147 a barrel in 2008. The U.S. […]

‘Oil is not forever’

While presiding over the monthly meeting of the Organization of Petroleum Exporting Countries in Stockholm, Sweden, in December, 1986, Shiek Ahmed Zaki Yamani, oil minister of Saudi Arabia, then the cartel’s president, told the stunned oil-consuming world: “Oil is not forever. You have just seen the end of cheap oil.” Three days after that ominous […]

When The Grid Goes Down…

Let’s just say that the unthinkable becomes the real and happening.  Let’s take this article and go over it.  This will be a segment in three parts, the next ones being immediate actions taken at work and at home.  I’m hitting on traveling first, as there are so many vacationers jaunting around happily over the […]

The Battle for Venezuela and Its Oil

Despite the public battles between the New York Times and President Donald Trump, the two seem to be on a similar page about the unfolding crisis in Venezuela. Last week, the administration announced it had “designated” President Nicolas Maduro and other Venezuelan officials, freezing their U.S. assets and barring Americans from doing business with them. The […]

Chris Martenson: Signs Of Distress

The world is edging closer to the final moments after which everything will be forever changed. Grand delusions, perpetuated over decades, will finally hit the limits of reality and collapse in on themselves. We’re over-budget and have eaten deeply into the principal balances of all of our main trust accounts. We are ecologically overdrawn, financially […]

Fusion-fission hybrids: nuclear shortcut or pipe dream?

While nuclear fusion’s key milestones remain elusive, could fusion-fission hybrid reactors represent the best of both worlds? Start-up Apollo Fusion aims to make this complex concept a commercial reality, but formidable obstacles remain. With waste and safety concerns holding back global nuclear uptake, there is increased attention being paid to a longer-term nuclear goal: fusion. […]

Oil Prices Up Amidst Higher Global Demand, Nigeria Instability

Oil prices rose slightly on Friday in volatile trading as the market weighed lower U.S. crude stocks, Nigerian instability and strong global demand growth against a persistently slow rebalancing. Brent crude settled up 20 cents or 0.39 percent to $52.10 a barrel. U.S. West Texas Intermediate crude was up 23 cents or 0.47 percent to […]

Oil’s Most Likely Direction Is Down

Oil’s recent rally has run out of steam, and the path of least resistance continues to be lower for the beleaguered market. U.S. oil futures have encountered resistance at the $50-a-barrel level, and face a deluge of challenges in breaking above the current range. While bullish storage signals have lifted prices more than 14% since […]

Twilight of the Oil Economy

Among the many socio-ecological challenges faced by modern civilization, one looms especially large: the dwindling of the fuel resources that form the lifeblood of “developed” countries. Some economists and tech evangelists dismiss the issue as misguided or irrelevant, but it seems to gain a stronger consensus by the year — years in which the lack […]

Externalized Costs of Hydro and Mature Energy Storage

What is meant by “externalized costs”? Externalized costs are real costs that are not quantified within the levelized cost calculations presented in the internalized cost articles. These costs are directly or indirectly paid by various sectors of the economy in forms such as pollution-related health costs, grid integration costs of intermittent renewables, and a reduction in the free […]

14,995 nukes: All the nations armed with nuclear weapons and how many they have

North Korea may have more than triple the number of nuclear weapons that experts recently estimated, according to a story by The Washington Post. The new count comes via a July 2017 report created by the US Defense Intelligence Agency. According to the newspaper, which obtained the document, “up to 60 nuclear weapons are now […]

Jim Rogers says the ‘biggest crisis in his life’ is less than a year away

Jim Rogers, the renowned co-founder of Quantum Fund believes that there’s an impending crisis, and it’s much sooner than you think. “We could see the worst crash in my entire life pretty soon,” said Jim Rogers in a recent conversation with Kitco news. Jim Rogers founded the Quantum Fund alongside George Soros, who is regarded […]

Over Population of Earth

I see calls for humans to give up chemical aids to food production, to return to “natural” and “balanced” treatment of the Earth. Admirable as these calls may be, they are ignoring the reality. This planet is over populated and getting more so. If humans wish to return to natural food provision, to escape the […]

The Arrival Of Peak Oil Demand And The Final Days For Oil

Summary There are greater threats to the outlook for oil than growing OPEC or U.S. shale oil production. Peak demand growth for oil will arrive faster than commonly considered. Renewable sources of energy and electric vehicles are advancing at a rapid rate aided by significant leaps in technology. Known oil reserves are destined to become […]

Oil bankruptcies slow dramatically this year

The number of North American oil companies shuffling into bankruptcy court has fallen dramatically this year, a new report shows. Fourteen oil producers filed for Chapter 11 bankruptcy protection in the first half of the year, down from 50 in the first six months of 2016, according to Dallas law firm Haynes & Boone. The […]

Tillerson: Trump Using Language N. Korea Understands

As the leaders of two nuclear-armed countries trade threats, U.S. Secretary of State Rex Tillerson says President Trump “is sending a strong message to North Korea in language that Kim Jong Un would understand, because he doesn’t seem to understand diplomatic language.” The language has been increasingly fiery. After Trump said Tuesday that if North […]

OPEC July Production Data

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through July 2017 and is in thousand barrels per day. The above chart does not include the 14th member of OPEC that was just added, Equatorial Guinea. I do not have historical data for Equatorial Guinea so I may not add […]

US EIA raises gas production estimates

The US Energy Information Administration nudged up its natural gas production estimates for the fourth quarter and coming year amid rising demand from the generation sector and a boost in exports. The agency, in its August Short-Term Energy Outlook Tuesday, raised by 840 MMcf/d to 82.1 Bcf/d its natural gas marketed production estimate for the […]

The Anatomy Of An Oil Market Evolution, Its Sustainability, And Consequences

Summary Oil price manipulation looks to be elusive, based on failing abilities to constrict supply. For decades, the oil market was based on oil supplies not meeting increases in demand, and prices sustained at high levels. U.S. oil production changed expectations by producing supply that exceeded demand. Technology transformed the oil market in ways unforeseen […]

“Black Sky Event”: Feds Preparing For Widespread Power Outages Across U.S.

Federal government agencies are preparing for the possibility of “widespread power outages” across the U.S. as a result of a “black sky” event that could “bring society to its knees”. An exercise sponsored by FEMA and the U.S. Department of Energy set to take place on August 23 called EarthEX2017 will wargame responses to catastrophes […]

If America Was Trying To Start A World War, This Is How It Would Happen

Last Wednesday, U.S. President Donald Trump signed new sanctions into law against Russia, Iran, and North Korea. The legislation was supported so overwhelmingly in Congress that President Trump’s ability to veto the legislation was rendered completely ineffective. Even anti-interventionist Hawaii Rep. Tulsi Gabbard voted in favor of the bill, once again proving that Republicans and Democrats always find common ground when it comes […]

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