Peak Oil, a tabletop game about Crisis and Profit

Drill and ship oil, buy hi-tech start-ups and meddle with the media to lead your crumbling oil giant into a future without oil.  Welcome to the near future. Welcome to Peak Oil: A game about Crisis and Profit. You are the top manager at one of the big oil companies, tasked with leading your enterprise […]

Researchers Develop Graphene Sieve To Turn Seawater Into Drinking Water

A U.K.-based team of researchers has created something that could help millions of people around the world with no ready access to clean drinking water. The researchers have created a graphene-based sieve capable of eliminating salt from seawater, making it suitable for drinking. ataribravo99 / Pixabay Graphene used to filter salt out of seawater Graphene […]

Britain Offers to Help to Wean Saudi Economy Off Oil Dependency

U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Gulf kingdom seeks to modernize its economy. Britain will help reform the Saudi Ministry of Defense, and foreign and trade ministers from both nations will hold six-monthly meetings […]

$60 oil seen as likely for foreseeable future

Jamaica can expect oil prices to trend towards US$60 a barrel and remain there for the foreseeable future, according to Fadel Gheit, managing director at Oppenheimer & Company Inc. Gheit said that the growth in US shale oil production and record production by the members of OPEC, led by Saudi Arabia, has significantly reduced the […]

What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?

Have you ever thought about what comes after the bubble?  In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity.  But of course the truth […]

Coal’s Dirty Secret

The world’s biggest coal exporter has a problem. Demand for the dirtiest fuel is on the wane. The International Energy Agency — which has tended to overestimate coal production, and underestimate renewables — doesn’t expect consumption to regain its 2014 levels until 2021. Investment in new mines is “drying up,” according to its latest market forecast. […]

The oil market is finally starting to make sense

Companies that provide oil and gas drilling services had to lower prices for their clients during the most recent oil crash. Some oil-field services providers lowered prices for offshore drilling by as much as 50%, toward levels that would have made their businesses unprofitable, according to Reuters. Drilling prices, however, are starting to stabilize and […]

Oil could turn south again to the low $40s,

Several factors are conspiring to keep a lid on oil — and could even send prices sharply lower, analyst John Kilduff told CNBC on Monday. A recent rally — nearly 5.5 percent for West Texas Intermediate crude — has U.S. shale producers coming back online, said Kilduff, a founding partner of energy and metals specialist […]

Kunstler: Musktopia Here We Come!

It ought to be sign of just how delusional the nation is these days that Elon Musk of Tesla and Space X is taken seriously. Musk continues to dangle his fantasy of travel to Mars before a country that can barely get its shit together on Planet Earth, and the Tesla car represents one of […]

gak! more peak oil

Yep, that’s right my loyal minions.  You all act like you hate it but you keep coming back for more on Peak Oil.  Gore Warming, climate change, weather weirding?  A piece of cake compared to Peak Oil.  If we had plenty of oil we could continue to ignore weather change and overpopulation just as we […]

Here’s reason behind depleting groundwater

You may be a hyperconscious consumer, only buying foodstuff that is organic and fair trade, or you may be one of those who embraced vegetarianism because it is good for the environment. But for all this effort to do the right thing for the planet, it is more than likely that more than one food […]

Peak oil demand: What does it mean?

Many major international oil companies (IOCs) now believe that peak oil demand is round the corner. Shell has suggested the peak could come in the late 2020s. Statoil believes it could be between the mid-2020s and the late 2030s and BP in the 2040s. But not everyone agrees. The International Energy Agency (IEA) says that […]

How to Handle an Oil Shock

The global oil market is a volatile place. But, abstracting from high-frequency fluctuations, average annual world prices (in US dollars) plummeted about 60% between 2012 and 2016. So how do countries like Russia, Saudi Arabia, Iraq, and Venezuela cope with a collapse in the price of their dominant (and in some cases, only) export? A […]

Oil Traders Warn There’s a Supply Crunch Looming

The oil market is risking a supply crunch as producers cut spending on major projects to focus on short-term low-cost shale output in the U.S., some of the top crude and products traders said. With oil prices hovering around $50 a barrel, current project spending is focused on “short-cycle” projects involving U.S. shale deposits, Daniel […]

Country With The World’s Largest Oil Reserves Runs Out Of Gasoline

In a testament to the efficiency of socialism, leftist-run Venezuela has long prided itself on selling its citizens the world’s cheapest gasoline… that is when it has gasoline to sell. While fuel supplies in the country with the world’s largest proven oil reserves… … have continued flowing despite monetary collapse and hyperinflation, a domestic oil […]

Gail Tverberg: Why Energy-Economy Models Produce Overly Optimistic Indications

I was asked to give a talk to a committee of actuaries who are concerned about modeling the financial future of programs, such as pension plans, given the energy problems that are often discussed. They (and the consultants that they hire) have been using an approach that puts problems far off into the future. I […]

There Is No Such Thing As Peak Oil Demand

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be. The so-called balance of […]

Oil Price to Crash to $20 then Spike MUCH Higher – Peak Oil Talk with Hedge Fund Manager Erik Townsend

First time guest Erik Townsend really gives us the broad view on world oil supply and where we are in the peak oil curve. He’s predicting some volatility in the price, well to clarify, a crash to near $20 and then spike much higher within 5 years as the supply gets choked out. If you […]

Doomsday bunker builder ready for ‘nuclear World War III’

Bruce Beach has thought a lot about restoration over the years, except his concept has nothing to do with restoring cars and houses. For Beach, a Kansas native who moved to Canada with his wife Jean in 1970, it’s all about preserving humanity after a major catastrophe — like a full scale nuclear war. “The […]

The myth of peak oil

Saudi Oil Minister Khalid al-Falih has criticised the West for “promoting the myth of peak oil demand and scare-mongering over vast stranded resources in the fossil-fuel industry”. Speaking at a summit in Houston, Texas, he said that a “campaign of attacks” on the oil industry will “deter trillions of dollars of vitally needed investment, leading […]

Rescuing Los Angeles

“How can we use our hard wiring to communicate to the herd that it is time to veer off from a race towards the cliff’s edge which most don’t yet see?”   In the concrete desert that is downtown Los Angeles we were blessed to find a green oasis at the corner of Vermont and […]

Russia Prepares for Oil at $40

Perhaps the Bank of Russia knows something the world doesn’t. As the Organization of Petroleum Exporting Countries and its allies prepare to meet for a review of their production cuts this weekend, the central bank of the world’s biggest energy exporter is hunkering down for years of oil near $40 a barrel. While analysts in a […]

There Will Be Those Who Perish In The Next Crisis, And Those “Who Survive In Underground Luxury”

Ultimately, no one can stop what is coming. The haves and have nots of the next, gritty era of aftermath will be those who have the means to survive when the system has failed, and those who do not. For the wealthy, and prepper minded elite, hidden fortified layers purchased for insurance will preserve most […]

Don’t Expect Low Investment To Raise Oil Prices

In the late 1980s, some people in the oil industry were said to have bumper stickers reading, “God give me one more boom and I promise not to mess it up.”  (When the price was over $100, I joked about people investing in bumper stickers.)  With the recent recovery in oil prices to $50 a […]

Why Rate Design Matters for Energy Efficiency

Today, most American households pay for electric service via a two-part electric rate. This typically consists of a small, fixed customer charge ($ per month) and an energy rate applied per unit of electricity ($ per kilowatt hour). There are some variations on this model, including energy rates that vary based on time of day […]

The Limits of Growth

Infrastructure investments need reliable basic conditions, according to Oliver Bäte, the chief executive of Allianz and head of the B20 working group “Financing Growth & Infrastructure.” The world economy is creaking under the burdens of weak growth, weak trade and low levels of employment – and if that wasn’t enough, it has a deficit making […]

Under-$50 WTI Oil Price Will Be ‘Short Lived’

The WTI oil price of under $50 per barrel won’t last for long, according to oil and gas analysts at GMP FirstEnergy. “We think the foray below $50 per barrel (WTI) is going to be short lived as it is abundantly clear that the global crude oil market has less supply available now than it […]

Helping Others Eschew Oil How to Make Your Life Less Oily in 2017

Part I:  Taking Stock Part II: Squeezing Oil Out of Your Travel Part III: Wringing Oil from Your Beverages, Food, Stuff, and Heat Part IV: Helping Others Eschew Oil “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” – Buckminster Fuller So […]

Why Oil Forecasting Is So Difficult Now: Short-Cycle vs. Long-Cycle vs. “Peak Demand”

Oil experts are deeply divided in their views on the future of what is still the world’s key commodity. This divergence was on display at last week’s CERA Conference in Houston, which brought together industry executives, consultants, media, and government officials from around the world. Although I didn’t attend in person, the organizers provided extensive […]

Peak oil? Sooner than you think

EEnergyInformer For some time, there has been speculation about when global oil demand may peak – not because we will run out of oil or prices will spike making oil unaffordable, notions that are now considered passé – but because we won’t be needing as much of the stuff as we thought we would. And […]

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