Did Global Oil Demand Peak in 2019?

The COVID-19 pandemic has sent shockwaves through the oil and gas industry, with some analysts warning the outbreak may have triggered an early peak in demand. According to Norway-based energy consultancy DNV GL, both global oil demand and carbon dioxide emissions likely climaxed in 2019 and will not exceed these levels moving forward. As a […]

What if your government has decided to kill you?

  In the 1976 movie, “Logan’s Run,” the law is that everyone must die when they turn 30. And everyone accepts that law.  “Necroeconomics” is a concept used by some economists to describe the results of the collapse of the Soviet Economy, in the 1990s. Apart from the pure economic disaster, the collapse led to […]

Saudi King Salman, 84, admitted to hospital

Saudi Arabia’s 84-year-old ruler, King Salman bin Abdulaziz, has been admitted to hospital in the capital Riyadh, suffering from inflammation of the gall bladder, state news agency SPA said on Monday. The king, who has ruled the world’s largest oil exporter and close U.S. ally since 2015, is undergoing medical checks, the agency added, without […]

So It Turns Out ‘Overpopulation’ Was Always A Stupid Patriarchal Myth

A new study published in the Lancet confirms what people like myself have been saying over and over again for years: that the human population is unlikely to get much bigger than it is right now, and will in fact begin declining in the latter half of this century as more and more women obtain […]

The Great Pause Week 18: Midwinter Down Under

“Our objectives are low-tech, anti-fragile, and human-centered. By using tools of permaculture design, we place humans within a new context that will regenerate and sustain natural ecosystems.“   As difficult as coming to terms with living through an all-out global pandemic is, the looming near-term human extinction event that is rapid climate change has not […]

If you can’t stand the heat…get off of the planet!

As I sit in 90-degree heat typical of Washington, D.C. in midsummer and a so-called “heat dome” hovers over much of the United States, I am reading the following: At 11 or 12 degrees [Fahrenheit] of [global] warming, more than half the world’s population, as distributed today, would die of direct heat. Things almost certainly […]

Don’t drop oil and gas off cliff in energy transition

The oil and gas industry for decades has provided Americans without a college education a high-paying and stable construction job, paving a path into the middle class. But as governments, businesses and consumers start to shift away from fossil fuels to more environmentally sustainable energy sources, oil and gas construction workers say they are increasingly […]

Gail Tverberg: Why a Great Reset Based on Green Energy Isn’t Possible

It seems like a reset of an economy should work like a reset of your computer: Turn it off and turn it back on again; most problems should be fixed. However, it doesn’t really work that way. Let’s look at a few of the misunderstandings that lead people to believe that the world economy can […]

Russian Scientists Create New Non-Freezing Arctic Diesel Fuel

Scientists from Tomsk Polytechnic University (TPU) have discovered a way to produce Arctic diesel fuel from winter-grade fuel, and winter fuel from inter-season grade fuel. The effect has been achieved by using a heavy diesel fraction and a cold flow improver. The authors of the study believe that the new fuel recipes will be of […]

Bakken Will Never Be The Same Again

Summary Since 2017, Bakken has surprised to the upside. But with DAPL stuck in legal court battles and uncertainty around takeaway capacity continuing, Bakken’s production base will fall. Lower completion activity for 2021 and beyond will result in lower projections of ~250k b/d. With the rest of the US shale oil basins wounded, Permian will […]

Kunstler: A Bigger Picture

Baluchitherium. Gone but not forgotten. The Covid-19 virus itself didn’t run the United States into a ditch but it exposed the weakness and rot in the nation’s drive-train, and now all of us passengers on that disabled bus must decide whether to stay helplessly inside the smoldering wreckage arguing over who’s to blame, or begin […]

Driving may never fully bounce back

Increased working from home and use of e-commerce will be “powerful and enduring” in the U.S. — potentially enough to reduce auto miles traveled by up to 9% going forward, according to a new KPMG analysis. Why it matters: The behavioral changes that stick around once the coronavirus crisis passes will affect power use, driving levels […]

Pemex Reveals Virus Death Toll

Of all the companies around the world affected by Covid-19, none has disclosed a worse death toll than Pemex, Mexico’s state-owned oil producer. Petroleos Mexicanos, as it’s also known, said late Tuesday that 202 employees and five contractors have died of the disease so far. No other company has reported fatalities that come anywhere near that number, according […]

The End of an Age: The Failure of Catastrophism

Colin Campbell, the founder of the association for the study of peak oil and gas (ASPO) explaining the essence of oil depletion. The considerations below originate from a post by Michael Krieger where he describes how he is so dismayed by the reaction of the public to the current epidemic that he is closing his […]

The World Is Going To Need More Oil Very Soon

OPEC’s Joint Technical Committee is trying to thread the oil needle by increasing oil production but not crash the global oil market price. While some fear that any production increase in global output will end the most significant oil price recovery on record, the reality is data shows that very soon, the world is going […]

Researchers Warn Of “Jaw Dropping” Crash In Global Fertility Rate

Researchers at the University of Washington’s Institute for Health Metrics and Evaluation have warned that the planet is not prepared for an ongoing global population crash, and that the impact will be “jaw dropping”. The BBC reports that the research, published in the Lancet highlights that the global fertility rate almost halved to 2.4 in 2017, and projections […]

Who Killed Fuel Economy Standards?

On March 30, when many of us were panic shopping for toilet paper and learning where best to stash our children during Zoom calls, federal agencies announced a final rule to roll back fuel economy standards for new cars. This final rule was the last nail in the coffin for one of the Obama administration’s […]

After Decades of Wrong Predictions, Oil May Finally Be Peaking

After one of the most dramatic stretches in its history, the oil industry is slowly recovering. March and April saw the toxic combination of depressed demand, excessive supply, limited storage capacity, and intense financial speculation that turned prices on one index negative. Although concerns about a second wave of coronavirus infections remain high, demand is […]

Peak oil in Asia Update June 2020

Fig 1: Asian oil consumption is around 5 times higher than production The production decline after the peak in 2015 is very modest. The size of the gap between consumption and production is mainly determined by consumption growth rather than by production decline. Will the Corona virus stop the gap growing? Let’s have a look […]

Shale CEO: U.S. Has Passed Peak Oil

Crude oil production has already peaked in the United States, according to a leading independent oil producer in the U.S. shale patch. Chief executive of Parsley Energy Matt Gallagher said that the peak production that the United States hit back in March—13.1 million bpd on average—represented shale’s glory days, ne’er to be repeated, according to […]

Will Oil Ever Recover To Pre-COVID Levels?

Last May, Bernard Looney, the CEO of BP, said that “the coronavirus hit to crude consumption was likely to endure beyond the pandemic- and may have even ushered in “peak oil” demand (See FT, 13/5/2020). A few weeks later Rystad Energy’s 2020 annual review of world oil resources revealed that the Covid-19 downturn will expedite […]

Joe Biden unveils $2 trillion green infrastructure and jobs plan

Former Vice President Joe Biden released a sprawling plan Tuesday to revamp American infrastructure and energy to both curb climate change and spur economic growth. The presumptive Democratic presidential nominee’s proposal aims to achieve carbon-free power generation by 2035. As the coronavirus pandemic leaves the U.S. mired in an economic crisis, Biden said he will […]

IEA raises 2020 oil demand estimate

The global economy bounced back from the worst of pandemic lockdowns faster than expected in the second quarter but a second wave of COVID-19 infections could still derail the strong recovery so far, the International Energy Agency said July 10. In its latest monthly oil market report, the Paris-based agency raised its estimate for global […]

Collapse, you say?

Most of the writing I have done for this blog assumes that my readers are at the very least open to thinking about the collapse of our civilization, and more likely that they have already accepted it as probable and are interested in discussing the details of how it might happen and how to cope […]

Why are fish wars heating up all over the world?

The South China Sea is one of the world’s most tense regions. But the entry of four Chinese coast guard vessels and 63 fishing boats into Indonesian waters in December, and again in January, still managed to shock and infuriate Indonesia. The Chinese vessels were fishing in the Natuna Sea in part of Indonesia’s exclusive […]

World’s 1st Fusion Reactor For Endless Clean Energy

Nuclear fusion is capable of producing “nearly four million times more energy than a chemical reaction such as the burning of coal, oil or gas.”Larsen & Toubro received the contract from the Indian Domestic Agency for the fabrication of ITER cryostat in September 2012India’s engineering major Larsen & Toubro has finished building the world’s largest […]

The Sinking Titanic’s Great Pumps Finally Fail

The greater fools still partying in the first-class lounge are in denial that even the greatest, most technologically advanced ship can sink. On April 14, 1912, the liner Titanic, considered unsinkable due to its watertight compartments and other features, struck a glancing blow against a massive iceberg on that moonless, weirdly calm night. In the […]

Here’s What 75 Preppers Learned During the Lockdown

The lockdown that recently took place due to the pandemic was like a practice run for a bigger SHTF event. Many of our prepper theories played out and were accurate, while others weren’t as realistic as we thought beforehand. People who weren’t preppers already learned a lot about why they would want to be better […]

We need a new way of seeing the world

Long-term predictive models don’t have a very good record, but some turned out to be prophetic. One case is that of Hubbert’s 1956 prediction of a peak in the production of fossil energy shortly after the start of the 21st century. He was optimistic about the possibility of replacing fossil fuels with nuclear energy, but, […]

Saudi oil market share set to hit highest since 1980s

Saudi Arabia‘s share of the oil market is set to rise this decade to its highest since the 1980s as investment in production elsewhere dries up in the wake of the coronavirus crisis, J.P. Morgan said in a report. Oil prices have plunged more than 40 per cent this year after an unprecedented collapse in […]

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