Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on October 12, 2018
‘Expensive Energy Is Back:’ Why the World Should Prepare for Higher Prices
Energy prices may soon rise, but not for anything to do with Peak Oil—the theory that production will soon reach a peak and begin to fall—the International Energy Agency (IEA) predicts in its Oil Market Report released Friday.
Overall supply has actually grown to record highs of over 100 million barrels a day thanks to a mix of factors such as the American shale boom and more production in Libya and Nigeria.
Several other factors suggest that prices should fall: The EIA is revising its forecast demand growth for 2018 and 2019 downward by 100,000 barrels a day from its previous report. And stored oil grew by about 500,000 barrels a day in the second quarter of 2018—a growth the IEA estimates has continued in the third quarter—suggesting that supply is still somewhat ahead of demand.
But choke points in the global market—such as lagging infrastructure for exporting North America’s shale-derived natural gas, currency fluctuations, U.S. sanctions on Iran, and trade squabbles—threaten to make energy costlier.
While the Indian government has said it will not respect the Iran sanctions and China may only comply partway, Iran’s drop in production since the U.S. announced the sanctions (which take effect Nov. 4) has been huge: some 800,000 barrels a day. And Venezuela, in the midst of massive inflation and political instability, is producing less and less oil.
And so, despite record production, prices for Brent crude oil remain over $80 a barrel. The EIA writes, “our position is that expensive energy is back, with oil, gas and coal trading at multi-year highs, and it poses a threat to economic growth.”
18 Comments on "‘Expensive Energy Is Back:’ Why the World Should Prepare for Higher Prices"
George Straight on Fri, 12th Oct 2018 6:48 pm
Yes,I am preparing….will run in a half marathon this Nov and marathon in February of next year….BTW 60 years young…will turn 61 in February 2019.
This peak oil will end seeing fat aas lazy pieces of shit bitching and moaning…
Instead, lean and mean son of bitches moaning and whining…LOL
Richard Guenette on Fri, 12th Oct 2018 6:58 pm
I am preparing to eat more healthier and in moderation- I’m only 29.
print baby print on Fri, 12th Oct 2018 9:47 pm
Iea still keeping its story no peak oil in sight. They will lie until the very end
Cloggie on Sat, 13th Oct 2018 2:10 am
“‘Expensive Energy Is Back:’ Why the World Should Prepare for Higher Prices”
Excellent news. This is good for the atmosphere and makes renewable energy more compatible. We have enough nikes, too big cars and a too high BMI.
Less is better.
twocats on Sat, 13th Oct 2018 8:53 am
Energy is at historical highs, but humans and economies have “adapted” to the higher price point. renewables are a factor, but not a determining one.
the article all but admits peak oil when it talks about infrastructure. also – the 100 mbpd is about as false as the 11 mbpd from the US. globe is at 99 and us is at 10.7. both will happen – just not before the midterms.
rockman on Sat, 13th Oct 2018 4:04 pm
Wow! The world should prepare for high energy prices. And eventually probably prepare for low energy prices. And then should prepare for high energy prices. And then probably prepare for low energy prices. Etc. Etc. Etc. IOW follow the same cycle fossil fuel prices have followed since society began exploiting them.
Such insight! LOL.
Anontarded1 on Sat, 13th Oct 2018 4:55 pm
guys please don’t attack supertard rock. thank you supertard (pbuh swt) you made sense.
Mister French on Sat, 13th Oct 2018 7:53 pm
Supertard Rocknuts…attack!? Come on we are just jealous…super smart Smarties are are real rare find here in the comment section…
REALLY…Rocknutter told us so…
Anontarded1 on Sat, 13th Oct 2018 8:05 pm
frenchtard, supertard is right or wrong they’re beyond reproach. if you don’t live in america i feel sorry for you. i got tons of supertards and i’m happy. end of story.
example, if you go to china, you see mistranslated phrases. that tells me there are holes in the brains of the tards there and there are no supertards. that’s why there’re open pit defecation, same as in phils. i won’t go there.
Mister French on Sat, 13th Oct 2018 9:40 pm
Anontarded…get it RIGHT for a once..
It’s FRENCHFART…no, Supur Rocknuts is ALWAYS RIGHT…at least in his own little world of accounting entries…LOL
makati1 on Sat, 13th Oct 2018 10:02 pm
Maybe there should be an age requirement to post on this site? It seems to be overrun with retarded grade school dropouts. See above comment by Atard.
Mister French on Sat, 13th Oct 2018 10:10 pm
Perhaps you are correct old goat Maki…
Your advanced years prohibit you from posting here any longer…but thank you for that capital idea…
Anontarded1 on Sat, 13th Oct 2018 10:11 pm
aswange, someday i’ll figure out a better response to your dumb statements but you’re a hs dropout and i’m a tard and a former paultard. i have a BA in physics. that’s bachelor of arts. it’s means I study the humanities in addition to my main concentration. i also studied engineering.
i didn’t do well at all because i’m a tard. you don’t understand anything about science.
the other day you said “muh putin” and RD-180. I showed you supertard elon has something better for specific impulse and he also lands the first stage. come to think of it, only supertards can land a shuttle. the russians have the soyuz which drops down and often time crash land.
i’ll keep my supertards, thanks. you have “muh putin” and “muh xi”
Anontarded1 on Sat, 13th Oct 2018 10:14 pm
here again for your enjoyment. the great space race is dominated by my supertards (pbuh swt)
https://www.youtube.com/watch?v=EWBZ6l2QGdE
Anontarded1 on Sat, 13th Oct 2018 10:26 pm
aswange, you used to make fun of supertards saying we had to hitch ride on russian rockets and “muh putin”. why were you so quiet when it exploded recently? is that a negative “muh putin”? personally i think it’s just bad luck. then i showed you supertard elon ‘would launch for “uS” military for defense of supertard america’ . and i showed you rd-180 is old tech.
i then showed you supertard worked on hypersonic (ram scram jet) for decades before anyone else. i said that’s alt-tard media hype.
listen i can’t walk around in america without bumping into supertards.
then you said america collapsed. i said no, supertards won’t let it collapse. then i went to wiki and showed you collapsed index and phils was rated as failed state
it’s a failed state when phils don’t enjoy monopoly of force and proof is you share use of force with muzzies.
here’s the battle of mindanao and the muzzies enjoy wide range of operational in phils. you’re not safe.
https://www.theatlantic.com/photo/2017/10/a-victory-against-isis-in-the-philippines-leaves-a-city-destroyed/543963/
Anontarded1 on Sat, 13th Oct 2018 10:29 pm
why don’t you tell “muh putin” to stop spying on my supertards? why do “muh xi” people keep stealing supertards secrets? have you no shame?
leave my supertards alone
Anontarded1 on Sat, 13th Oct 2018 11:07 pm
quesitons for u
where do muzzies get this massive amount of firepower?
where is the money from? where are your supertards when it come to money laundering and black market of weapons
where are your supertards when it come to surveillance of muzzies and kill their leaders?
if muzzies in america are declared combattants it would be over in a minute
where are your supertards in their yearly report on operation, tactics, and strength of muzzies
where are your supertard in training for urban warfare? where are your supertards on military exercise for exact scenario for minarao insurgent of muzzies?
you have absolutely zero
thanks but no, i’ll keep my supertards in america OK
makati1 on Sat, 13th Oct 2018 11:48 pm
Looks like French joined the ‘tard’ group of retarded grade school dropouts. All of you snowflakes have a very painful and rude awakening in store. Well deserved. I will enjoy the show. LMAO