[theluckycountry]

Norway Doubles Down On Oil And Gas
$this->bbcode_second_pass_quote('', '
')Norway's oil and gas investment is expected to reach a record high in 2025, driven by new exploration activity and increased demand for Norwegian gas. While Norway is a leader in renewable energy, it continues to invest heavily in oil and gas production, raising concerns about its climate commitments.
Norway aims to balance its oil and gas production with decarbonization efforts through... blah blah blah

[AdamB]

$this->bbcode_second_pass_quote('TonyPrep', 'T')he more I read and listen to official deniers (like oil executives and optimistic analysts) the more the story on conventional oil seems to be that we're at or very near peak. It's sometimes referred to as the end of "easy oil" or "cheap oil". There appears to be almost universal concensus on that (though there are always exceptions).

[theluckycountry]

Russia Uncovers 511 Billion Barrels of Oil Beneath Antarctica: A Find That Could End the Continent’s Era of Peaceful Use
https://indiandefencereview.com/russia- ... ceful-use/

$this->bbcode_second_pass_quote('', '�')��It’s More Than All the Oil Ever Extracted from Earth”: Russian Discovery Sparks Global Uproar as Energy Powers Clash Over Control

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]Russia Uncovers 511 Billion Barrels of Oil Beneath Antarctica: A Find That Could End the Continent’s Era of Peaceful Use
https://indiandefencereview.com/russia- ... ceful-use/

[theluckycountry]

Time to touch base with PeakOil.

The Fall and Rise of Peak Oil
$this->bbcode_second_pass_quote('', 'I')t’s now been close to fifteen years since the Peak Oil movement collapsed and lost whatever temporary grip it had on public awareness. We could doubtless have an interesting conversation along the lines of “did it fall or was it pushed,” and there may be a point to that conversation a little further down the road. For now, though, I think something more basic is called for: an update on where we are just now on the long slow slope of Hubbert’s curve, and what we can expect in the years immediately ahead.

Now of course if you mention that possibility among most of those few people who still remember the phrase “peak oil” at all, you can count on a horse laugh. After all, they’d claim, the entire peak oil theory disproved itself in the wake of the 2008-2009 spike and crash of petroleum prices. Peak oil theorists supposedly insisted that sometime very soon, we’d all hear a horrible gurgling noise from deep within the earth as the last barrels of crude oil got sucked up the pipes, for all the world like that disappointing sound that comes at the end of every root beer float.

That, so the theory went, would be the end of petroleum once and for all. Thereafter, since there would be no more petroleum, and the single largest share of the world’s energy consumption (including nearly all its transportation) is still made up of crude oil and its derivatives, the whole world would go hurtling down into chaos and mass death.

That was what the Peak Oil movement predicted, so the claim goes, and it didn’t happen. Instead, the 2008 spike in world petroleum prices sparked a frantic quest for more sources of liquid fuel, and since big profits could be made by coming up with those sources, they were duly found. Thus the whole peak oil theory was based on an elementary misunderstanding of economics, and we can therefore safely ignore it as a guide to the future. Right?

That’s the claim, at any rate. It is certainly true that there were people—some of whom should have known better—who were associated with the peak oil movement, and who retailed some version of the claims just outlined in books, blogs, public events, and the like. Still, the peak oil movement didn’t speak with a single voice on this or any other subject. Notably, there were quite a few people deeply involved in the peak oil movement who pointed out that the believers in this version of overnight apocalypse were quite simply deluding themselves, rehashing Hollywood fantasies and warmed-over Christian apocalyptic tropes under the mistaken notion that they were talking about the real world.

This less gullible group of peak oil theorists pointed to many lines of evidence, from petroleum geology, history, economics, and ecology, that showed that there would be no sudden collapse. Instead, they argued, what the world was facing was a long, ragged descent from the peak of industrial society, taking many generations to play out completely. They predicted in so many words that each crisis brought about by petroleum depletion would be followed by massive and at least temporarily successful efforts to find new sources of liquid fuels, and to jerry-rig industrial society so that the effects of the crisis could be contained.

Furthermore, they argued, petroleum depletion could only be understood correctly in the light of a much broader perspective, in which the depletion of a very large number of nonrenewable resources and the disruption of a good many environmental cycles all played important parts. Our planetary predicament didn’t have a single cause, and therefore it couldn’t be fixed by a single solution—be that some new energy source (cough, cough, fusion power), restrictions on a single pollutant (cough, cough, carbon dioxide), attempts to rebuild community in social contexts that had discarded it (cough, cough, the Transition Town franchise), or any of the other loudly ballyhooed gimmicks that embraced peak oil back then as part of their marketing plans.

So what fix did the thinkers we’re discussing propose? They didn’t. That’s exactly the point. They proposed that industrial civilization was moving through the usual life cycle of complex human societies, at the usual pace, toward the usual destination, and that this movement would define the future in which we all would live...

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'T')ime to touch base with PeakOil.

The Fall and Rise of Peak Oil