Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on October 28, 2018
We are Entering a New Era for Oil
The oil market has been in an interesting period since at least 2014. In the years prior, many had been worried about the concept of peak oil, or the idea that the world was past its peak output of oil and that supply would grow ever tighter. Then the shale boom happened and the world was suddenly floating in the stuff, causing prices to plummet. Now we are somewhere back in the middle as there are genuine concerns about supply at the same time as growing demand. Shale growth is slowing in the face of capital constraints and pipeline issues, and “The Saudis are just about out of spare capacity”, according to a top energy adviser.
FINSUM : We think the concerns over supply are legitimate enough that they will be supportive of prices even if we are slowly headed towards recession. That said, we think more supply will come to market to meet demand than many anticipate.
8 Comments on "We are Entering a New Era for Oil"
Cloggie on Sun, 28th Oct 2018 8:17 am
Objection, we are entering an era of new oil.
The price mechanism will ensure that demand will be regulated, but that there will always be enough oil for the bare essentials, like producing wind turbine monopiles.
There is no energy problem in the sense of irrivetsible energy depletion. Renewable energy id in principle inexhaustable and we are in the middle of a transition towards a global “solar economy”.
Can’t put it less New Age than that.
Cloggie on Sun, 28th Oct 2018 8:29 am
New Israeli city flitzer:
http://www.spiegel.de/auto/aktuell/city-transformer-faltbares-e-auto-fuer-die-innenstadt-a-1235524.html
You can fold it to the size of a motor cycle.
Width: 100-140 cm
2-seater.
90 kmh
range: 150 km
$10.5k without battery
In the long term only these kind of cars should be allowed to be in private ownership.
Spray Humanity on Sun, 28th Oct 2018 1:01 pm
Yes, allowing private mega diesel-powered trucks is an abomination. Humans are weedy – give me the RoundUp..
anonymous on Sun, 28th Oct 2018 7:27 pm
Saudis are out of spare capacity so the manufacture a political crisis to cover up their inability to produce oil with an embargo.
I AM THE MOB on Sun, 28th Oct 2018 8:40 pm
Clogg
Solar and wind can’t replace oil you no nothing neckbearded..And they are total fucking jokes..They have been around for over 50 years..
Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf
UC Davis Peer Reviewed Study: It Will Take 131 Years to Replace Oil with Alternatives
(Malyshkina, 2010)
http://pubs.acs.org/doi/abs/10.1021/es100730q
University of Chicago Peer Reviewed Study: predicts world economy unlikely to stop relying on fossil fuels (Covert, 2016)
https://www.aeaweb.org/articles?id=10.1257/jep.30.1.117
I AM THE MOB on Sun, 28th Oct 2018 8:41 pm
Clogg
Desert sun in Qatar too hot for solar panels to work
https://www.thetimes.co.uk/article/desert-sun-in-qatar-too-hot-for-solar-panels-to-work-h23kmktbp
Air Pollution Casts Shadow over Solar Energy Production
http://pratt.duke.edu/about/news/solar-pollution
Too much air pollution..so much for a solar revolution..
You are so easy to refute..Time to give it up Grandpa.
I AM THE MOB on Mon, 29th Oct 2018 8:00 am
I wanted to join my local antifa group yesterday. They told me to fuck off as I was a “doomer”.
How totally annoying is that!
I am gonna go shave my feet now!
Anonymous on Mon, 29th Oct 2018 8:02 am
I will say one good the about the Saudis though : those red tea towels on their head are so sexy!