4 Wildly Different Oil Price Scenarios For 2020

After the nine-month extension of the OPEC deal, there is a growing consensus that oil might bounce around in the $50s and $60s for the rest of the year. But as we move into 2018 and beyond, there is a great deal of disagreement among analysts about what happens to oil prices. One school of […]

Elite Oil Investors Believe A Major Crude Oil Rally Is Coming

Despite ongoing energy market weakness, and a global oil glut with seemingly no end in sight, some of the most successful oil investors in the world are betting on a sharp recovery for crude. Forbes points out a couple of heavy-hitters with a great track record that are indeed getting bullish on oil here: Leigh […]

Peak Oil Demand Is A Risk – Why Nobody Knows If Or When

The lead story in a recent The Wall Street Journal Report on Innovations In Energy was titled “Get Ready for Peak Oil Demand.” We have been getting ready for the past couple of years. However, in dealing with such a critical issue overhanging the future of this important global industry, the unanswered question is when […]

This Is What the Demise of Oil Looks Like

From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs of the world’s expanding middle classes. But what if they’re wrong? There’s a host of reasons to think they might be. Here’s what happens when […]

This Is One of the Most Worrying Signs of Economic Collapse

Falling Oil Prices Is a Warning Sign to Investors of an Economic Collapse in 2017 Oil can’t seem to hold its price this year. Whenever it crosses the $50.00/barrel mark, it falls back a dollar or two. This might be good for drivers when they fill up at the pump, but it’s not a good sign […]

What happened to peak oil? With Richard Heinberg

We talk peak oil with Richard Heinberg, Senior (and very fine) Fellow with the Post Carbon Institute. Richard is regarded as one of the world’s foremost advocates for a shift away from our current reliance on fossil fuels.  He’s the author of 13 books, including some seminal works with titles like The End of Growth: Adapting […]

Millennial Behavior Is About To Make Fools Of Peak Energy Demand Theorists

There are a lot of policymakers and pundits hanging plans on the idea that the nation is facing a ‘new normal’ rooted in ostensibly unprecedented behaviors exhibited by Millennials. Since that generation is now and will be for decades the largest share of the population, how they behave impacts everything going forward, especially for energy […]

The Steady Drumbeat Of More Global Oil Demand

This one is for all those who have worn the uniform, either still with us, or gone…I thank you. “It’s amazing to know that despite the extraction of 185 billion barrels over the period, today we have 70% more oil reserves than we had on June 6, 1944, when heroes landed at Omaha beach, fueled […]

Move Over Tesla, Europe’s Building Its Own Battery Gigafactories

Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc.is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a 500 million-euro ($543 million) plant to assemble lithium-ion […]

Michael Lynch: What The Prophets Of Peak Oil Demand Are Missing

One thing is certain: Whenever the oil crash comes, it will be only the beginning. Every year that follows will bring more electric cars to the road, and less demand for oil. Someone will be left holding the barrel.” Joe Romm, ThinkProgress, Oct. 21, 2016 “Two fundamental trends are shaping the future of the automobile. […]

Oil – The Great Equalizer

Balance the budget? Stop terrorism? Pull the rug out from under Russia? Re-shape the Middle East? All of this can be done, and can be done by the United States, without military force, and the epicenter of all of this, is oil. Our oil policy has been lousy and, if not lousy, then it has […]

Resilience and Resource Efficiency in Cities

City superfans, there’s a new report! The UN Environment report “Resilience and Resource Efficiency in Cities” is now available. Download here The report reflects on resilience, on resource efficiency, and on the nexus between the two. The authors explore definitions and implementation. Key Links http://www.resourceefficientcities.org https://www.iied.org/sustainable-cities-nexus-between-resilience-resource-efficiency Report (PDF) Questions How was the report prepared? Does the Global Initiative for Resource […]

The Top 10 Nations Exporting Oil To The U.S.

U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a large variety of sources. The EIA began carefully tracking American oil imports in 1986, meaning there is now a significant amount of historical data. From […]

Iran Confident of Oil Price Rebound

The unexpectedly negative reaction of global markets to OPEC’s decision on extending crude supply cuts into next year is temporary and prices will gain ground, says Iran’s Oil Minister Bijan Namdar Zanganeh. Thirteen producers on Thursday agreed at the 172nd meeting of OPEC ministers in Vienna to extend an accord to scale back crude oil […]

Michael Lynch: Peak Oil Demand? A Little History Lesson

One thing is certain: Whenever the oil crash comes, it will be only the beginning. Every year that follows will bring more electric cars to the road, and less demand for oil. Someone will be left holding the barrel.” Joe Romm, ThinkProgress, Oct. 21, 2016 “Two fundamental trends are shaping the future of the automobile. […]

Are We Overstating the World’s Overpopulation Problem?

Every spring, our company hosts a Market Summit, which brings together the editors, artists, and sales folks from all of the Meister Media Worldwide media brands to share ideas and information about the various agricultural markets we cover. One topic we discussed was the often cited challenge of feeding a global population expected to grow […]

Where Oil Demand Is Headed Long Term

Bart Melek, global head of commodity strategy at TD Securities, joins Bloomberg TV Canada’s Lily Jamali to break down OPEC’s decision to extend its supply cuts and discuss why he sees long-term demand for oil picking up.

Cheap Oil And The Summer Driving Season

OPEC is getting ready to have a big party in Vienna as they hammer out an extension of the current OPEC agreement on limiting oil production. While there has been some last minute negotiating by some players like Iraq, it is likely the deal will be extended by nine months. The Wall Street Journal is […]

$25 oil is coming, and along with it, a new world order

$25 oil, self-driving cars will be the norm in 2030: Think tank   Tuesday, 23 May 2017 | 12:14 AM ET | 03:28 This article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. The world as we know it, will be no longer. The balance of power […]

The Coming Seneca Cliff of the Automotive Industry: the Converging Effect of Disruptive Technologies and Social Factors

This graph shows the projected demise of individual car ownership in the US, according to “RethinkX”. That will lead to the demise of the automotive industry as we know it since a much smaller number of cars will be needed. If this is not a Seneca collapse, what is?  Decades of work in research and development taught […]

Moving from age of Energy Scarcity to Abundance

The naysayers have always been wrong when it comes to the staying power of energies. Take peak oil, for instance. Nineteenth century swamis were preaching  a flat-earth dreamer’s world when they said that oil production would begin falling and never recover by the early 1900s. The United Nations predicted in 1972 that hydrocarbons would jump […]

Peak Oil? Meet Peak Oil Demand.

Nearly 12 years ago, I was writing on the blog to pooh-pooh the notion of peak oil (see below). Now it looks as if large numbers of forecasters are in fact not worried about peak oil (the notion that we will run out of oil) but instead are writing about peak oil demand. [via JR, […]

China may have 90 million fewer people than claimed

China’s population may be much smaller than official data suggests, according to a group of researchers, meaning the nation will be replaced by India as the world’s most populous country sooner than expected. It may also mean the problems created by China’s rapidly ageing population and shrinking workforce are more serious than feared, according to […]

China Love for US Gas Begins as Trump Rolls Out Red Carpet

Let the gushing begin. After an executive from U.S. liquefied natural gas exporter Cheniere Energy Inc. spoke to a few hundred people at a conference in Beijing last week, the first question from the audience turned out to be an invitation to visit one of China’s biggest energy firms and a main LNG buyer, the […]

Get Ready for Peak Oil Demand

The world’s largest oil companies are girding for the biggest shift in energy consumption since the Industrial Revolution: After decades of growth, global demand for oil is poised to peak and fall in the coming years. New technologies that improve fuel efficiency are starting to push down the amount of gasoline and diesel that’s needed […]

Oil outlook – crunch time or gloom mongering?

That the global oil market is set to tighten over the coming years is not in doubt, but whether it’s time to hit the panic button over a future supply crunch is another issue. Industry warnings over the risk of an oil supply “crunch” and a potential return to high-cost oil in the coming decade […]

Venezuela To Import Gasoline As Crisis Escalates

For over forty days, hundreds of thousands of Venezuelans have taken over the main streets and roads of the country to protest against the dictatorial Venezuelan regime. Since the protests started, forty-two people have been killed, 2,371 arrested and thousands injured across the country. Falling oil revenues due to low international oil prices, as well […]

“Peak Hats.” Social Change and the Coming Demise of Private Cars

For a long time, hats were oversized and expensive status symbols more than tools for protecting people’s heads. During the past half century or so, they have nearly disappeared. A similar destiny may befall on private cars, also oversized and expensive status symbols rather than tools for transporting people. With the disappearance of cars, we […]

The End Of Oil Within 10 Years?

WOW for this week is regarding Oil “We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history.” So says Stanford University economist Tony Seba in a detailed report. The report paints a pretty grim picture for oil bulls, and an even grimmer one for one horse economies such as […]

Can CRISPR feed the world?

As the world’s population rises, scientists want to edit the genes of potatoes and wheat to help them fight plant diseases that cause famine. By 2040, there will be 9 billion people in the world. ‘That’s like adding another China onto today’s global population,’ said Professor Sophien Kamoun of the Sainsbury Laboratory in Norwich, UK. […]

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