This Is What The End Of The Oil Age Looks Like

The Oil Age has powered the world for well over a century. There have been two general schools of thought about how it will ultimately end.

There were those who believed that oil production would peak and begin to decline in the face of high global demand. This is essentially the peak oil argument, which many laymen mistakenly understand as “The world is running out of oil.”

In reality, the argument wasn’t that the world was going to run out of oil, it was that oil production would begin a long decline and cause havoc in a world that is still highly dependent upon oil.

The version of the end of oil became very popular just before the shale oil boom. The idea was neatly summarized in 2005 when the late Matt Simmons published Twilight in the Desert, in which he argued that oil production in Saudi Arabia was nearing terminal decline.

In this version, there is no easy replacement for oil, so oil prices skyrocket above $100 a barrel (bbl) as people seek to maintain mobility. In fact, for a while it looked like this version might play out.

But growing shale oil production largely burst that bubble in 2014, when it became clear that there was still a lot of oil to be produced.

Fast forward a few years, and a new version of the end of oil began to take hold. In this version, exponential increases in electric vehicles (EVs) and ride-sharing are predicted to be two key factors that will make oil obsolete.

In this version, oil prices plunge as demand starts to fall. This is the exact opposite of the peak oil argument, where oil prices surge as supply starts to fall.

As Michael Liebreich, the founder and senior contributor of Bloomberg New Energy Finance, recently put it on Twitter: “I’ve always said the end-game for oil is not when it reaches $200/barrel, it’s when it settles at $20/barrel.”

I felt like it would be likely that we would see some combination: A period of shortages and high prices, but ultimately a peak in demand that would lead to lower prices. I wrote an article nearly three years ago outlining that view. However, I felt like that point was probably a decade away. And it would be highly dependent on whether U.S. shale oil production continued to grow.

One thing the coronavirus (COVID-19) pandemic has done is to collapse oil demand, and subsequently prices. The world still needs oil during this crisis, but what we are seeing today is exactly what I think we would see in the peak demand scenario.

In that case, we will see the need for a much smaller oil industry. And that is likely where we are headed now, with oil prices in the $20s, and the timing of a recovery still uncertain.

I believe what we saw in the 2005-2014 time frame was a preview of the peak oil scenario. Oil company revenues were skyrocketing during this period, and energy stocks were one of the best-performing sectors.

But today, we are seeing a preview of the peak demand scenario. That outcome is very different. In this scenario, only the strongest oil companies survive, and the sector becomes one most investors would rather avoid.

Are we there yet? I don’t think so, but it is hard to say what the lingering impact on oil demand will be from the coronavirus pandemic. When oil demand dropped during the 2008-2009 financial crisis, it bounced back strongly in 2010. I am not so sure that’s going to happen this time. This pandemic seems destined to change our world in a number of ways, and some of those ways involve lower oil demand.

If that transition starts to happen in earnest, then the peak demand scenario that I thought we would see in maybe 2030 will be here a lot sooner than that.

Forbes

27 Comments on "This Is What The End Of The Oil Age Looks Like"

DT on Fri, 3rd Apr 2020 9:59 pm 



The problem is food. Humans are destroying the biosphere. Humans are at the top of the food chain. We are destroying the base of the food chain. Get it? OK………………End.

SocialRevolutionComing on Fri, 3rd Apr 2020 11:07 pm 



Good info acout COVID scam. From Australia.

https://www.youtube.com/watch?v=eJoNqAY2PI0

SocialRevolutionComing on Sat, 4th Apr 2020 12:37 am 



Empty hospitals video. National guard in US now stopping peolplr from filming.

https://www.youtube.com/watch?v=29_cVplP138

This is my prediction. Social revolution by the end of the years follow by electrical grid collapse. Finally extinction of the human race

SocialRevolutionComing on Sat, 4th Apr 2020 1:17 am 



Empty hospitals video.
https://www.youtube.com/watch?v=Uuy6r6OkFKc

Their next step is to force people to wear mask. Japan are doing that now. They want people in constant state of fear. Eventually people will start asking why are they wearing mask, this is when social revolution start.

COVID scam is killing the fragile trust relationship between people, government and the press. Modern civilization governance structure has basically been destroyed with covid scam making the creation of a new governance structure impossible. Its all down hill from here

This is my prediction. Social revolution by the end of the years follow by electrical grid collapse. Finally extinction of the human race.

SocialRevolutionComing on Sat, 4th Apr 2020 1:51 am 



Here we go, expect everyone in the world to be wearing mask. How crazy is that ? You have to keep the fear factor high. Read my comment above.

Japan to deliver 2 masks each to 50 million households nationwide
https://www.youtube.com/watch?v=n2bRJj0GEr8

Abraham van Helsing on Sat, 4th Apr 2020 2:37 am 



“If that transition starts to happen in earnest, then the peak demand scenario that I thought we would see in maybe 2030 will be here a lot sooner than that.”

Unlike most conventional peak oil cry babies, Forbes gets it.

There.is.no.energy.problem.

By 2050, the most advanced societies will have a 100% renewable energy base, at a cost comparable to the fossil energy base of the past.

Davy on Sat, 4th Apr 2020 4:52 am 



“There.is.no.energy.problem.”

There goes that “too cheap to meter shit”. We have a serious energy and food issue ahead. Anyone who does not see that is blind or delusional. Renewable growth (“holistic” meaning all the other expensive parts too) is dead in the water. PO appears to be here now with the supply/demand shock in full view. The economy has been damaged beyond repair to a world pre-virus. This is not the end of the world but it is likely the beginning of a new and poorer world with decline.

JuanP is an idiot on Sat, 4th Apr 2020 4:59 am 



This is from the idiot that got booted from the moderated side for being stupid and childish:

SocialRevolutionComing said Here we go, expect everyone in the world to be wea…

SocialRevolutionComing said Empty hospitals video. https://www.youtube.com/wat…

SocialRevolutionComing said Empty hospitals video. National guard in US now st…

SocialRevolutionComing said Good info acout COVID scam. From Australia. https:…

DT said The problem is food. Humans are destroying the bio…

DT said Me too. Am sorry for never truly seeing the magnit…

DT said LOL the junk oil has always been a bullshit artist…

DT said Not to worry, This will all change soon, we will s…

JuanP on Sat, 4th Apr 2020 5:00 am 



Let’s hope that this is the end of the oil age, though, IMO, it is already decades too late to stop runaway global warming and Climate Change. I would welcome this, but I know most won’t. The COVID-19 will most likely very significantly reduce the elderly and/or diseased population, which is mostly unproductive. The young and healthy can learn to live more reasonable lives, focused mostly on water, food, and health. It could end up being for the better. A financial and economic reset is now more likely in the immediate future. You got food?

Davy on Sat, 4th Apr 2020 5:22 am 



“Let’s hope that this is the end of the oil age, though, IMO, it is already decades too late to stop runaway global warming and Climate Change.”

Now you give a shit? LOL. In the past you could care less about the end of the oil age or climate change. Your idea was to party hearty bullshit.

“ I would welcome this, but I know most won’t. The COVID-19 will most likely very significantly reduce the elderly and/or diseased population, which is mostly unproductive.”

Bullshit, population will not drop much. These people were going to die anyway of something. You are a clueless uneducated moron.

“ The young and healthy can learn to live more reasonable lives, focused mostly on water, food, and health. It could end up being for the better. A financial and economic reset is now more likely in the immediate future. You got food?”

One thing is the case with you and that is you don’t have food and you are located in the heart of dystopia in Miami Beach. Oh you might talk about going back to South America but to what. You just don’t build a doomstead up like that it takes years to make a homestead work.

No wonder you got kicked off the moderated side

Davy on Sat, 4th Apr 2020 5:41 am 



“The Shadow War Playing Out Behind The COVID-19 Crisis”
https://tinyurl.com/yx67dak5 oil price

“It allowed what was already emerging as a fundamental move toward a new, bipolar global competition to come out into the open…Indeed, it is clear that the best avenue which nation-states can take is one marked by gaining as much control over their own destinies as possible. That requires a growing focus on domestic food self-sufficiency, and domestic market bases for manufactured goods and services. In other words: a return to a sense of the nation. The age of globalization is ending; it was a brief window in which the technologies which were created to fight the Cold War became the technologies of global social integration. Now, again, the luxury of internationalism is ending, and survival is based around the extended clan: the nation…It is important to stress that the two underlying strategic trends impacting the US-PRC competition had begun well before the 2020 pandemic scares. The PRC economy had been essentially in decline for several years, disguised by ongoing state-sponsored investments in infrastructure projects, which boosted the appearance of growth in the gross domestic product (GDP). Moreover, the PRC’s water shortage and quality problems had reached almost panic levels over that same timeframe…And by late 2019, it became clear that the PRC was unable to continue the pursuit of military equivalence with the US. Minnie Chan, writing in The South China Morning Post on November 28, 2019, noted that the PRC Government had canceled plans for the People’s Liberation Army-Navy (PLAN) to build two nuclear-power very large aircraft carriers to compare with the capability of US carriers. The PLAN has two carriers afloat with two more abuilding; all conventionally-powered. The reasons for the cancelations of the prestige super-carrier program were cited as “technical challenges and high costs”. The PRC has significant technologies which had briefly leapfrogged the US, particularly in the areas of hypersonic weapons and spaceReports from Beijing indicated that funding for BRI projects had dropped in early 2020 by some 80 percent over the same period a year earlier. But some of these cuts were already well underway by the time the COVID-19 crisis struck., but belatedly a more resilient US economy was beginning to redress the years of neglect…”

Davy on Sat, 4th Apr 2020 5:41 am 



“The Shadow War Playing Out Behind The COVID-19 Crisis”
https://tinyurl.com/yx67dak5 oil price

What were some of the fundamental immediate outcomes and questions raised by the 2020 Fear Pandemic? 1. The global economy and the economies of most states have been dramatically weakened, and they will remain relatively weakened and transformed for some years; in many cases for decades. This means that economic deprivation will reach more pervasively down into the mass of society, reversing the trend of the past seven decades. It will exacerbate the polarization of societies, but seems likely to push the trend toward forms of nationalism more than it will reinforce the ideology of globalism; 2. The power of central governments has been dramatically increased, and the rights and freedoms of individuals constrained. By late March 2020, the situation in most Western societies had approached a quasi-martial law environment, with little social resistance; 3. Funding for R&D, national security, and consumer spending will decline, further exacerbated by the reduction in core size/wealth of most populations in advanced economies. The question is whether the limitation in wealth will exacerbate or constrain inflammatory populism and social action; 4. The role of global bodies has been weakened, as have alliances. This will lead to a rethinking of alliance structures and how to manage them. It will, even if only for reasons of fiscal constraints, lead to an increasing momentum toward the bilateralization of trade, even to the point, once again of thinking in terms of structured barter or counter-trade dealings; 5. The reach of formal military structures will be inhibited by funding, and will this open seams in the global power framework? Will it allow space for more independent, regional actions?; 6. While the Communist Party of China (CPC) probably has the strength to enforce control over the People’s Republic of China (PRC), will the European Union (EU) have sufficient cohesion to enforce control over its member states? If the EU cannot “hold it together”…8. There was a widespread belief that the crisis had caused a collapse in petroleum and gas prices to the point where the US domestic shale industry would be forced from the marketplace, re-opening the US to the need for imported energy. But this is likely both untrue and irrelevant, and the US would remain considerably less vulnerable to energy exposure than the PRC; 9. The PRC would continue to see extreme vulnerability to food and water shortages, which can only be ameliorated by (a) dependence on imported food and agricultural products, most of which would need to come from the United States (given that other suppliers cannot meet the demand), and (b) reduction in the lifestyles and numbers of the PRC population, a factor which could have significant social-political ramifications; 10. The longer the constraints on societies imposed by the crisis, the more pro-found were the likely post-crisis attitude changes likely to be. In other words, if the crisis lingered in various forms through 2020, it was likely that the year would be seen by society and historians as a breakpoint equivalent to the world wars of the 20th Century;…12. Africa, which had moved from a Continent gradually modernizing within the framework of a Western model to one dependent almost solely on the PRC, was likely to be left in an almost ruinous situation by late 2020 and beyond. African societies would themselves be forced to evolve new economic models.”

Davy on Sat, 4th Apr 2020 5:42 am 



“The Shadow War Playing Out Behind The COVID-19 Crisis”
https://tinyurl.com/yx67dak5 oil price

“[The PRC] has almost 20 percent (18.4 percent) of the world’s population, and yet only seven percent of its water, and of that water some 25 percent, at least [as the PRC Government acknowledges], is polluted, along with much of its agricultural water table [to a far greater degree than the PRC Govt. acknowledges]. And the problem is getting worse. The great water source, the aquifers flowing from the melting snows of the Tien Shan Mountain range in Central Asia, is reducing for the moment. The result of this, and the fact that Chinese agriculture has not modernized to any great degree, is that the People’s Republic of China is perhaps more strategically dependent on imported food than any great power since Rome. And Rome, arguably, collapsed, finally, for that very reason: its foreign sources of food became less dependable. The PRC Bureau of Statistics in the 1980s recorded that there were some 50,000 rivers in mainland China. But by 2017, there were only some 23,000. Beijing, serviced by the so-called “Three Gorges Dam”, recorded in 2017 that 39.9 percent of its water was so polluted as to be unusable. Tianjin, a principal port city of the north (and with a population of 15-million), had only 4.9 percent of its water in a potable state. The growing urbanization of the constituent populations of the PRC have made the food and water crises more and more urgent. Urban populations use far more water than rural societies. They also demand more water-intensive food, such as pork and beef, especially as the city-dwellers become more prosperous. And the PRC’s urbanization rate continues apace: by the end of 2017, some 58.52 percent of its population was urbanized, compared with only 17.92 percent in 1978. You can see where this is going. And we have not even touched on the impact of air quality on health in the PRC, or the fact that urban-related diseases, such as diabetes, are rising at a higher rate than in other industrial economies; or the fact that a rapidly-aging population is transforming the economic viability of the state.”

DerHundistLos on Sat, 4th Apr 2020 7:44 am 



How science finally caught up with Trump’s playbook – with millions of lives at stake

The president’s failure to heed the military’s multiple warnings about coronavirus, act quickly, coupled with cuts to the NIH and CDC and having dismantled the country’s pandemic response unit has set in motion a domino effect of bad outcomes without precedent.

https://www.theguardian.com/us-news/202 … e-analysis

SocialRevolutionComing on Sat, 4th Apr 2020 11:11 am 



Only fucking loser believe in COVID hoax.

Empty hospitals video.
https://www.youtube.com/watch?v=Uuy6r6OkFKc

Their next step is to force people to wear mask. Japan are doing that now. They want people in constant state of fear. Eventually people will start asking why are they wearing mask, this is when social revolution start.

COVID scam is killing the fragile trust relationship between people, government and the press. Modern civilization governance structure has basically been destroyed with covid scam making the creation of a new governance structure impossible. Its all down hill from here

This is my prediction. Social revolution by the end of the years follow by electrical grid collapse. Finally extinction of the human race.

Peakoil.com is in bed with world economic forum and getting money from them, THis is why they are pushing COVID hoax and global warming

Duncan Idaho on Sat, 4th Apr 2020 11:25 am 



1968 — US: Reverend Martin Luther King, Jr., 39, shot & killed in Memphis while visiting city in support of striking sanitation workers during Poor People’s Campaign. The US government has made the observance of his birth one of those moveable feasts.

Duncan Idaho on Sat, 4th Apr 2020 11:38 am 



Zeke Putnam is supertard sock

JuanP is an idiot on Sat, 4th Apr 2020 12:44 pm 



This is the idiot in action:

SocialRevolutionComing on Sat, 4th Apr 2020 11:11 am

SocialRevolutionComing on Sat, 4th Apr 2020 1:30 pm 



That are shutting down this COVID hoax. NY report a decrease in new case so are Europe. They are shutting it down because they are afraid of social revolution. World Economical forum organization has failed and world wild government are just fucking incapable loser that are good for nothing. stop voting.

Abraham van Helsing on Sat, 4th Apr 2020 4:09 pm 



Industrial giants MAN-Germany and SAMSUNG-Korea are cooperating in developing shipping motors that will on ammonia (hydrogen derivative). Target date 2024:

https://www.wattisduurzaam.nl/23357/energie-besparen/transport/samsung-en-man-mikken-op-zeevaart-op-ammoniak-voor-2024/

No fuel cell, but old-fashioned piston engine.

Abraham van Helsing on Sat, 4th Apr 2020 4:22 pm 



List of several solar park projects. Price 1.5-2.0 cent/kWh are now the norm, even in Europa:

https://www.wattisduurzaam.nl/5969/energie-opwekken/zonne-energie/zonnestroom-mexico-duikt-4-dollarcent-per-kilowattuur/

Dredd on Sun, 5th Apr 2020 4:33 pm 



If the end of this oil age takes place, another enlightenment may take place.

Keep your Tape Measure (The World According To Measurements – 26).

SocialRevolutionComing aka "the lover" (of muzzies) on Sun, 5th Apr 2020 4:35 pm 



Hindu Man Killed after Criticizing Mass Gathering of Islamists…

ht supertard glenn roberts thereligionofpeace

above is lover of supremacist muzzies obv.

Cloggie on Mon, 6th Apr 2020 6:26 am 



Amidst all the corona news, there is still positive news from the renewable energy front.

Most of the world thinks that hydrogen will be the renewable energy seasonal storage medium of choice. At the Technical University of Eindhoven in the Netherlands, they are instead betting on METAL POWDER as storage medium, at least for non-mobile applications. Recently they received research grants from the EU, Netherlands and China, so the group can now employ no less than NINE PhD-students to develop the entire combustion-reduction cycle.

https://deepresource.wordpress.com/2020/04/06/tu-eindhoven-gets-grant-to-further-develop-metal-fuels/

Davy on Mon, 6th Apr 2020 7:10 am 



“Dangerous Disinflationary Shock Slams Reeling World Economy”
https://tinyurl.com/rgkwu7q msn

“A powerful disinflationary tide is now rising,” said Joseph Lupton, global economist at JPMorgan Chase & Co. That’s worrying because it could lengthen what may be the deepest recession since the Great Depression. Ebbing pricing power makes it harder for companies that piled on debt in the good times to meet their obligations. This could prompt them to make additional cuts in payrolls and investment or even default on their debts and go bankrupt. While weak or falling prices may seem like an unalloyed good for consumers, a widespread deflationary price decline can be deleterious for the whole economy. Households hold off buying in anticipation of ever lower prices, and companies postpone investments because they see limited profit opportunities. a screenshot of a cell phone: Disinflationary shock to slam world economy© Bloomberg Disinflationary shock to slam world economy Even after the coronavirus crisis eases, the scars from the shutdown — elevated unemployment, shattered consumer and company confidence, and staggered returns to work — may keep price pressures in check, prompting central banks to hold interest rates at rock-bottom levels for a protracted period. “They’re at zero for at least the next two years,” Ethan Harris, head of global economic research for Bank of America Corp., said of the Federal Reserve.”

Abraham van Helsing on Wed, 8th Apr 2020 3:16 pm 



Possible food shortages in the first world?
What Nigel Farage didn’t tell you:

https://www.dailymail.co.uk/news/article-8200103/Fears-food-shortages-unless-extra-40-000-people-volunteer-pick-crops.html

“Fears of food shortages unless an extra 40,000 people volunteer to pick crops for the £15-an-hour Land Army within weeks – amid warnings produce from abroad is also set to dry up because of travel bans, fewer flights and rising freight costs“

Brexit + corona: Eastern European field workers stay away. There are more than sufficient potential replacement workers in Britain, but most are either not motivated or inexperienced. Britain has no choice but to somehow motivate (force) them.

German news: -4% gdp expected for 2020.

Abraham van Helsing on Wed, 8th Apr 2020 3:25 pm 



WTO scenarios

32% less international trade in worst case.
13% less in best case.