Peak Oil is You

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News from August 2022

Shell CEO Warns Energy Crisis May Last More Than One Winter

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European oil major Shell Plc cautioned that Europe may have to brace for a string of winters with exorbitant power bills and electricity rationing as Russia squeezes gas supplies. “It may well be that we have a number of winters where we have to somehow find solutions through efficiency savings, through rationing and as a […]

Oil Shortage Should Defeat Demand Destruction

Falling oil prices have fanned hopes that demand will soften in the wake of an economic slowdown. Meanwhile, signs also point to an increase in demand while supply constraints tighten. “There is a growth slowdown being priced in right now, so I wouldn’t be surprised if prices on a barrel (WTI) go down to around […]

Official Says Baghdad Clashes Yet to Hit Iraq Oil Production

Violent clashes in Baghdad have yet to hit Iraq’s oil production, an official said, soothing initial trader concerns that a major source of supply could be disrupted. There’s been no effect on output or exports in OPEC’s second-largest producing country from the clashes, which left at least 15 dead, Alaa Al-Yassiri, director general of the […]

The planet is approaching 8 billion people. We’re not ready

Last month, the United Nations Population Division issued its World Population Prospects 2022 report, which forecast that the human population will reach and surpass 8 billion on Nov. 15. In a carefully worded statement on the report, U.N. Secretary General António Guterres declared 2022 a “milestone” year. He had good reason to choose his words […]

USA Oil Pours Into Asia

The physical crude market in Asia is softening as oil from as far away as the US and Brazil flows into the world’s top consuming region, boosting competition for Middle East producers. Buyers in South Korea, India and China have picked up substantial volumes from the US this month — more than 20 million barrels […]

effective accelerationism explained

It’s hard to avoid the messages: mankind is bad. There are too many of us. Our problems are too many and they are too hard to solve. Many people are saying the solution to these problems is to take a step backwards, that the solution is degrowth. But degrowth is a kind of surrender. Degrowth […]

The Problem of Nuclear Waste Disposal – and How Finland Solved It

“Even if all nuclear power plants were shut down today, there’s a mountain of radioactive waste waiting to be disposed of,” reports Ars Technica. “Yet only Finland has an approved solution for nuclear waste disposal, while projects in the US, UK, and Germany have failed for decades, and progress is also slow in other countries.” […]

Kunstler: The Meaning of Incredible

We’re witnessing the destruction of every institution in the land and nobody knows how to stop it…. The CDC seems to think nobody will notice its crimes, and the crimes of its sister agencies, FDA, NIAID, NIH, (and the White House Task Force) if it strolls jauntily into the fall season whistling a happy […]

How Well Do We Know Climate Change?

I have been following the developments on this critical global issue ever since my first paper on Global Warming at the Hamburg International Conference in early 1990s. Although a few thoughts have been penned here and there, its complexity seems to be getting more challenging as we progress year after year. It is also not […]

Billion Barrel Oil Find

Canadian Overseas Petroleum Limited (COPL) has revealed that it has received an independent resource report confirming its deep oil discovery on its affiliate COPL America Inc’s lands in Converse and Natrona counties in Wyoming. According to COPL, which outlined that the report included conservative estimates complying with Canadian standards, the study confirms that the find […]

The Oil Surplus Could Persist. Expect Prices to Fall

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Aug. 18: Stubborn Russian oil output and weaker-than-expected demand growth mean the oil market is likely to remain in surplus for the remainder of this year and into early next year, which should limit the upside in oil prices. Time spreads also point toward a looser market, with the backwardation in the prompt spreads narrowing […]

Saudi Aramco unveils record profits

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia’s war in Ukraine and a post-pandemic surge in demand sent crude prices soaring. Net income leapt 90 percent year-on-year for the world’s biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 […]

WEF Advisor: We Don’t Need Majority of World Population

We don’t have to speculate about the fate the globalists envision for those they deem disposable: They’re telling us openly. In a recent interview, World Economic Forum (WEF) advisor and Israeli-born homosexual Yuval Noah Harari made the bold statement that “We just don’t need the vast majority of the population” in light of technologies that […]

Solar and Hydrogen in Green Transition

Following on from recent statements suggesting that Africa must double investments to reach its energy and climate goals, the International Energy Agency (IEA) has set out leading green transition pathways for the continent – delivering better economic and social returns. These sustainable development routes, presented in the IEA’s freshly-launched Africa Energy Outlook report – a […]

Gasoline Under 3 Bucks a Gallon: Here’s Where

Several states have seen gasoline prices drop to three bucks or lower as crude oil prices have continued to decline. Gasoline prices continue to fall in a handful of states to $2.99 a gallon, marking the 50th consecutive day of declines and giving consumers a reprieve as high inflation rates have walloped their budgets. Gas […]

The Status of Global Oil Production (Part 1)

An Overview At this point in time, probably all American adults are aware that the price of oil, or at least gasoline and diesel fuel, are much higher than they have been in recent years. Human nature being what it is, it’s necessary to find a scapegoat for the high prices. From the conservative point […]

The Great Rehash, Part Two: The Future’s Cold Eyes

Two weeks ago, as regular readers will recall, we discussed The Great Reset by Klaus Schwab and Thierry Malleret, the rest of the really rather dreary literature of planetary preaching in which that volume fills an overfamiliar role, and the usually disastrous consequences that follow when the clueless rich set out to tell the rest […]

Leaked Data Show China’s Population Is Shrinking Fast

Even though everyone knows that China’s official demographic figures are systematically overestimated, the authorities have consistently cracked down on anyone who questions the data. For example, my book “Big Country with an Empty Nest” was quickly banned when it appeared in 2007, because it voiced concerns about China’s one-child policy and predicted that the Chinese […]

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