Peak Oil is You

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News from November 2023

A Million Gallons of Oil May Have Spilled Into the Gulf of Mexico

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The Coast Guard has spotted an oil spill in the Gulf of Mexico which may have released a million gallons of oil into the ecosystem. Veuer’s Matt Hoffman reports.

Oil producers have to step up their transition game, says IEA

Producers of oil and gas have to drastically step up their efforts to transition to clean-energy business models and prepare to scale back fossil fuel operations as consumption peaks, according to the International Energy Agency (IEA) Only 1% of total clean energy investment globally currently comes from oil and gas producers, the IEA said in […]

Is the West ready for World War 3?

In case you missed the memo, we are apparently entering the first phases of World War 3. Or, if you count the Cold War, World War 4. All of these previous struggles were won not only thanks to good political and military leadership, but also by the sheer force of industrial power and ample natural […]

Oil Strategists Look at USA Oil Production

Despite pervasive narratives around a supposed lack of shale supply response, monthly U.S Energy Information Administration (EIA) data shows U.S. oil production reaching a record 13.1 million barrels per day in August. That’s what strategists at Macquarie stated in a report sent to Rigzone on Wednesday, adding that they believe “persistent shale skepticism, coupled with […]

Why Can’t The UK Use North Sea Oil?

The United Kingdom has historically been one of the main oil producers in Europe, thanks to the vast fields located in the North Sea. However, in recent years, oil production in this region has decreased significantly, causing the UK to not be able to use North Sea oil as much as before. Oil exploitation in […]

U.S. oil output hits record as producers boost drilling efficiency

U.S. oil and gas production has continued to rise as companies squeeze more from each well despite a fall in the number of rigs employed, with the industry boosting efficiency to offset the impact of lower prices. Crude and condensate production rose to a record 13.1 million barrels per day (b/d) in August, surpassing the […]

Is the era of peak oil finally here?

Crude oil is a finite resource that must be discovered, extracted from the earth, transported often over vast distances to refineries, converted into various usable constituent products and then shipped to disparate points of the compass to power much of the modern world. Until relatively recently, the debate over “peak oil” centered on the date […]

Qatar Signs Second 27-year Gas Supply Deal With China

Qatar has agreed to supply Sinopec with natural gas for 27 years, the Gulf emirate’s state-owned energy company said Saturday, its second such deal with the Chinese firm. Doha will supply three million tonnes of gas a year under the deal, QatarEnergy said, announcing another agreement granting the Chinese oil giant for a further share of […]

What is a ’15-minute city’, and should we be worried?

The explosion of conspiracy theories around the ‘15-minute city’ brings into focus the question, what is it? The 15-minute city isn’t a novel idea – it’s how many older parts of older cities already operate – but its growing use as a model for redesigning neighbourhoods has been met with extreme speculation that some proponents […]

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