PEAK Silver coming…this Decade

What else comes with Peak Oil? A peak in everything that depends on oil, which brings us to the minerals and other resources that we secure from the environment. Again, this is not a story of “running out” — this is a story where things get just a little bit harder and a little bit […]

China’s Stronghold on Rare Earth Metals

China’s got the Pentagon shaking in its boots — and for good reason. With more than 97% of the world’s rare earth metals produced in China, its recent announcement of a 72% reduction in exports could screw our military… The Pentagon is scrambling for alternatives, but they don’t really have time to scramble. Rare earth […]

Forget Oil, Worry About Phosphorus

The world’s agriculture depends on a mineral that is declining in production and is controlled by a cartel of companies. Troubling, ain’t it? Modern farming methods depend increasingly on fossil fuels and major plant nutrients: nitrogen, phosphorus, and potassium. We know that peak oil is fast approaching, if it has not already arrived. This isn’t […]

Maxwell Forecasts Peak Oil in Seven Years

Respected oil analyst and oil industry veteran Charles Maxwell (nicknamed the “Dean of Oil Analysts”) has forecast peak oil by 2017 or 2018: Bracing For Peak Oil Production By Decade’s End His prediction is not so remarkable, as is where he made his prediction. The prediction was in Forbes, which has often scoffed at the […]

Peak Everything: An Interactive Look At How Much Of Everything Is Left

Scientific American has done a great summary of peak commodity levels as well as depletion projections for some of the most critical resources in the world including oil, gold, silver copper, not to mention renewable water, as well as estimating general food prices over the next half century. Generally speaking, regardless of whether one believes […]

Coal and Oil: The Dark Monarchs of Global Energy

The secretary of ASPO International Mikael Höök has now made his thesis public by using a nail and hammer and this ”nailing” is an old tradition at Uppsala University, Sweden. The thesis “Coal and Oil: The Dark Monarchs of Global Energy: Understanding Supply and Extraction Patterns and their Importance for Future Production” can be downloaded […]

Saudi Aramco: Oil reserves are plentiful

The head of Saudi Aramco has brushed aside ‘peak oil’ concerns, saying the world has plentiful supply of oil and gas, with a vast quantity of known reserves yet to be tapped and additional resources still to be discovered. Speaking at the Oxford Energy Forum, Saudi Aramco President and CEO Khalid A. Al-Falih said that […]

The New York Times Slays the “Peak Oil” Dinosaur

Well there you have it in the opening sentence of an eye-opening article in this Sunday’s New York Times, Tracing Oil Reserves to Their Tiny Origins: “If you believe petroleum came from dinosaurs, think again and look toward the seas.” Here, in the Science section, the Times tells us that the emphasis these many years […]

Peak Gold?

In a recent interview with Reuters, Peter Munk, chairman of Barrick Gold, said that he believed the new wave of growth for mining firms isn’t in single metal mines. Gone are the days that a mining company could buy acreages of land to find just one valuable metal. Instead, companies are shifting to mixed metal […]

Tracing Oil Reserves to Their Tiny Origin

In 1913, as the automobile zoomed into American life, The Outing Magazine gave its readers a bit of background on what fueled the new motorcars in “The Story of Gasoline.” After a brief vignette describing the death of “old Colonel Stegosaurus Ugulatus,” the article explained that “yesterday you poured the remains of the dinosaur from […]

Study Warns ‘Peak Coal’ Could Be Just Years Away

a new study calls into question whether coal will still be cheapest available source of energy by the time electric vehicles start making a major dent in the auto market. Could a looming shortage force our hand in replacing coal with nuclear energy and renewables? In recent years, peak oil theory has received a lot […]

Colin Campbell explains Peak Oil

also Matt Simmons and some charts from the Movie Fuel, a documentary film by Josh Tickell

NYT: GOM’s Salty Fields Could Delay Peak Oil

Not so long ago — at least, in geological time — many in the oil game thought the Gulf of Mexico was tapped out. Financiers called it “the Dead Sea.” Nearly a century of production had run its course. Well after deeper well turned up dry, many drilling into thick layers of salt. And where […]

World Oil reserves declining – but how fast?

OPEC said last week its proven crude oil reserves rose 4 percent in 2009 to 1.06 trillion barrels, led by an increase in Venezuela. BP estimated last month total global oil reserves were over 1.33 trillion barrels — equivalent to more than 40 years of consumption at current rates. But many industry analysts have cast […]

Geologist: Depletion of Oil Reservoir “Unlikely”

There are 4 alternative explanations for the unexpectedly low oil pressure in the BP well: (1) A leak in the pipe in the well bore; (2) flow under the well between sand layers; (3) a blockage in the well; or (4) depletion of the oil reservoir. This essay focuses on the fourth possibility: depletion of […]

OPEC going sideways; not a good time for oil importers

OPEC’s increase is heavily dependent on Saudi Arabia and Iraq. In fact, without increases  in Iraq OPEC is back to square one in 2012/13. Imagine the conflicts within OPEC about quotas for Iraq (at present outside the quota system) while Iran’s production is declining. Ok, so we have an increase of 1.9 mb/d, but on […]

Another oil discovery offshore Angola

Total announces that its subsidiary, TEPA (Block 15/06), Limited, and its partners have made a new oil discovery in Block 15/06 with the well Cabaça SE-1, in the Angolan deep-offshore. The well, located in 470 metres of water depth and 100 kilometres from the Angolan shore line, encountered significant gross thickness oil bearing reservoirs in […]

Venezuela oil ‘may double Saudi Arabia’

A new US assessment of Venezuela’s oil reserves could give the country double the supplies of Saudi Arabia. Scientists working for the US Geological Survey say Venezuela’s Orinoco belt region holds twice as much petroleum as previously thought. The geologists estimate the area could yield more than 500bn barrels of crude oil. This assessment is […]

Matt Simmons Explains Peak Oil

A classic interview. Former energy industry investment banker, Matt Simmons, gives us the facts on Peak Oil.

Saudi King: Halt To Oil Exploration To Save Wealth

Saudi Arabia’s King Abdullah has ordered a halt to oil exploration operations to save the hydrocarbon wealth in the world’s top crude exporting nation for future generations, the official Saudi Press Agency, or SPA, reported late Saturday. “I was heading a cabinet meeting and told them to pray to God the Almighty to give it […]

The Shock of Peak Oil and Peak Coal

In discussion with Professor L. D. Danny Harvey, who describes the coming consequences of the peak in our ability extract and supply oil.

Colin Campbell on Peak Oil

Colin Campbell demonstrates peak oil using an irish pub table and several stouts!

Brazil Discovers More Light Crude Offshore

Brazil’s state-controlled oil firm Petrobras said on Tuesday it had discovered an unknown quantity of crude oil in the so-called subsalt region around the offshore Campos Basin. The oil was found 81 miles (130 kilometers) from Rio de Janeiro state’s coastline and lies at a depth of 4,536 meters and below waters just over a […]

Iran discovers major natural gas reserves

Iran has discovered 2.19 trillion cubic feet of in-place natural gas reserves in the Islamic state’s northwest, an Iranian newspaper reported on Sunday. Kayhan daily quoted managing director Ahmad Qalebani of the National Iranian Oil Company as saying the discovery took place in the existing field of Toos. The development of the new reserves would […]

David Strahn, Author of the last oil shock, explains Peak Oil

Nuclear Energy and Alternatives are a complete irrelevance. “There is no short-term supply solution”

Peak Metals – What happens when we run out?

Put simply, the extraction of virgin ores from the earth’s crust will peak – indeed, it already has for many. Although the theory is not without its detractors, there is no doubt that the metals that drive our society are finite resources – and extracting them from the earth has to end. The question is […]

Several New Oil Discoveries In India

The discovery is significant as this play fairway is expected to open more oil pool areas, leading to better hydrocarbon potential within the block. The block CB-ONN-2003/1 is located at a distance of about 130 kms from Ahmedabad in Gujarat, in the Cambay basin. The block covers an area of 635-sq km in two parts, […]

Matt Simmons Explains Peak Oil at Cal Tech

Just the basic facts from Matthew Simmons, chair and CEO of Simmons & Company International, is a prominent oil-industry insider and one of the world’s leading experts on the topic of peak oil. Part 2 Part 3 Part 4 Part 5 Part 6

Small print of BP Statistical Review of World Energy is troubling

Big as BP’s problems are as a result of failed risk assessments, it will very probably soon become worse. Growing numbers of people doubt its annual review of oil reserves, published today. Society builds its oil dependency on key cultural statements of faith about secure supply, such as BP’s annual announcement that there is 40 […]

Iraq says 115 bil barrels of proven oil reserves conservative

Iraq’s proven reserves of 115 billion barrels of oil, about 10 per cent of the world’s total, is a conservative estimate, Iraqi oil minister Hussein al-Shahristani said Monday. He added that the country’s estimated 120 trillion cubic feet of gas reserves is also a conservative estimate. Speaking at the Asia Oil and Gas Conference in […]

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