Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from August 2014

Oil experts say demand will stay high

Oil experts say demand will stay high thumbnail

Every year in August there is a week-long event — “The Oil & Gas Conference.” It draws an international audience and by most accounts EnerCom is the best on the schedule. This year 118 companies made presentations. If I could only hear one presentation, and attend one breakout session, I’d choose Netherlands-based Core Labs — […]


Bakken Oil Peak by Jean Laherrère

Bakken Oil Peak by Jean Laherrère thumbnail

The problem of forecasting future Bakken production is that estimating reserves of shale oil is harder than for conventional oil and is very unreliable because many confuse reserves and resources, and shale oil reserves depend more from economy than from technology. Many estimate the amount of hydrocarbons generated by the source-rock and believe that a […]


Mexico’s Pemex Lowers Expected Oil Output for 2014

Mexico’s Pemex Lowers Expected Oil Output for 2014 thumbnail

Mexico’s state-owned oil company Petróleos Mexicanos said Friday that crude-oil output this year would fall to about 2.35 million barrels a day after accounting for water and other impurities coming out of its fields in increasing quantities. Pemex, as the company is known, said crude-oil measured at the wellhead in the January-to-July period averaged about […]


Kurdish Oil Breakthrough Said to Enable Quadrupled Export

Kurdish Oil Breakthrough Said to Enable Quadrupled Export thumbnail

Iraq’s Kurds, who have defied the central government by selling oil independently, are working to quadruple the capacity of their export pipeline within months, according to an official with knowledge of the situation. The Kurdistan Regional Government, or KRG, more than doubled daily capacity to 300,000 barrels on its pipeline to Turkey as of yesterday […]


There Are ISIS Sleeper Cells In U.S.

There Are ISIS Sleeper Cells In U.S. thumbnail

A former CIA officer said Thursday he has no doubt Islamic State (ISIS) sleeper cells are already planted on U.S. soil. An unnamed U.S. intelligence official told CNN there’s already an indication of ISIS sleeper cells in Europe that could target U.S. embassies and other American interests. But former CIA officer Bob Baer told the […]


Public Data Reveal Secret Rail Movements of Crude Oil

Public Data Reveal Secret Rail Movements of Crude Oil thumbnail

It’s been almost four months since the Obama Administration ordered railroads to start giving state emergency officials details about their shipments of crude oil. The idea was that since these trains have a tendency to explode, and since they’re often rolling right through the middle of towns and cities, the least they could do would […]


Price of US Wind Energy at ‘All-Time Low’ of 2.5 Cents per Kilowatt-Hour

Price of US Wind Energy at ‘All-Time Low’ of 2.5 Cents per Kilowatt-Hour thumbnail

It’s difficult to compete if you can’t calculate or agree on the true cost of your product. That sometimes seems the plight of the wind and solar power industries. A just-released Department of Energy and Lawrence Berkeley National Laboratory report pegs utility-scale wind power-purchase agreement pricing as averaging $25 per megawatt-hour for projects that negotiated […]


The Peak Oil Crisis: When?

The Peak Oil Crisis: When? thumbnail

For those following the world oil production situation, it has been clear for some time that the only factor keeping global crude output from moving lower is the continuing increase in U.S. shale oil production mostly from Texas and North Dakota. Needless to say once the fabled “peak” comes, oil and gasoline prices are certain […]


ISIS’ thirst for oil could lead to ‘global catastrophe’ if unchecked

ISIS’ thirst for oil could lead to ‘global catastrophe’ if unchecked thumbnail

Islamic State’s thirst for blood has the world on edge, but its equally insatiable yearning for oil could prove a “catastrophe” for the global economy if the terror organization isn’t stopped, experts say. The jihadist group, formerly known as ISIS, now controls seven oil fields and two small refineries in northern Iraq, bringing in as […]


Lessons From The Last Time Civilization Collapsed

Lessons From The Last Time Civilization Collapsed thumbnail

““Consider this, if you would: a network of far-flung, powerful, high-tech civilizations closely tied by trade and diplomatic embassies; an accelerating threat of climate change and its pressure on food production; a rising wave of displaced populations ready to sweep across and overwhelm developed nations. Sound familiar? While that laundry list of impending doom could […]


American Oil and Natural Gas: Crushing it

American Oil and Natural Gas: Crushing it thumbnail

Energy Rich U.S. States Saw Fastest Economic Growth in Late 2013 Wall Street Journal: U.S. economic growth accelerated in the second half of 2013 before unexpectedly contracting early this year. But growth late last year was uneven across the nation, with some energy-rich states leading the pack while economies slowed in New England and on […]


Energy Crunch: [redacted]

Energy Crunch: [redacted] thumbnail

Three things you shouldn’t miss this week Article: From polls to protests, the shale gas industry is its own worst enemy – a week from hell for the shale gas industry. Chart: “Disclosure of early thinking could close down discussion” – what’s left of Defra’s fracking impact report: Chart: UK public back renewables over shale – DECC’s […]


Poverty Is Not Inevitable: What We Can Do Now to Turn Things Around

Poverty Is Not Inevitable: What We Can Do Now to Turn Things Around thumbnail

Pearl Street, New York City. “This little girl and this man (I assume homeless) were talking, and they were laughing, smiling, and loving every minute of it,” writes photographer Eric Magnuson. “The little girl couldn’t care less what the man looked like or what situation he was in. She just saw him as another person.” […]


Understanding Economies of Scale

Understanding Economies of Scale thumbnail

This week’s podcast epsiode, the Failure of Permaculture, has created a lot of debate and some controversy. A first point is expressed in the below quote from @ajtarnas. “The podcast doesn’t include any case studies of permaculture or agroforestry projects failing, it shows cases of small farmers (two of whom were hobby farmers) failing. Bren […]


Russia-China Deal Will Supply Siberian Natural Gas to China’s Northern, Eastern Provinces

Russia-China Deal Will Supply Siberian Natural Gas to China’s Northern, Eastern Provinces thumbnail

Source: U.S. Energy Information Administration, International Energy Outlook 2013, IHS Energy, Eastern Bloc Research Note: Volumes shown for Russia-China gas deal assume minimal contract obligations. Increases in these volumes will lessen the amount needed from LNG imports and other contracts. China’s natural gas demand has been growing as the government seeks to move away from […]


Will we all be African one day soon?

Will we all be African one day soon? thumbnail

Will we all be African again one day soon?  It’s not as far-fetched as it sounds.  There has been an unprecedented demographic shift this century towards an increasingly African world. A report released this week by the UN children’s agency (UNICEF) found that by the end of this century about 40 per cent of all […]


“The Financial System Is Vulnerable,” NYFed Asks “Could The Dollar Lose Its Reserve Status?”

“The Financial System Is Vulnerable,” NYFed Asks “Could The Dollar Lose Its Reserve Status?” thumbnail

When a tin-foil-hat-wearing blog full of digital dickweeds suggest the dollar’s reserve currency status is at best diminishing, it is fobbed off as yet another conspiracy theory (yet to be proved conspiracy fact) too horrible to imagine for the status quo huggers. But when the VP of Research at the New York Fed asks “Could […]


Turn natural gas into gasoline for $1 per gallon

Turn natural gas into gasoline for $1 per gallon thumbnail

The clear liquid flowing from a collection of pipes and wires in a Hayward industrial park smells just like gasoline, and for all practical purposes, it is. But it wasn’t made from crude oil. Instead, it came from natural gas, the fuel whose sudden abundance in America is reshaping the country’s energy landscape. Siluria Technologies says it […]


Scotland Oil stock depletion ‘felt by 2030’

Scotland Oil stock depletion ‘felt by 2030’ thumbnail

Depleting oil and gas production will begin to be felt by 2030 and will have serious implications for the economy, jobs and balance of payments in an independent Scotland, according to Sir Ian Wood. Sir Ian, an authority on the sector, has warned that an independent Scotland without new hydrocarbon regions being discovered will have […]


Platts mulls change in oil benchmarks to tap growth in Asia

Platts mulls change in oil benchmarks to tap growth in Asia thumbnail

* Platts proposing FOB Straits benchmarks to replace FOB Singapore * New benchmarks aimed at storage growth in Malaysia, Indonesia * Move could boost liquidity and lower storage costs -traders Oil pricing agency Platts is consulting with traders on proposed changes to its key oil product benchmarks in Asia to include ports in Malaysia and […]


Potential oil window is last gasp for Utica Shale

Potential oil window is last gasp for Utica Shale thumbnail

  Jim McKinney, senior vice president and general manager from EnerVest, a Houston-based company, said his company believes that with changes in drilling techniques, activity will increase in the oil-rich northern part of the Utica Shale, which includes Trumbull County. “When companies first drilled, they were using the same techniques they were using in the […]


Oil ‘super spike’ is coming

Oil ‘super spike’ is coming thumbnail

Another bad day for traders bullish on energy as WTI crude oil slid 2%, hitting its lowest level since January. Across the pond Brent crude traded at its lowest level in almost 14th months. From the heady days of mid-2008 when it traded at nearly $150 a barrel, crude oil has had quite a rocky […]


Alaska Oil Tax Repeal Measure Losing

Alaska Oil Tax Repeal Measure Losing thumbnail

Sarah Palin Favored Reverting to the Oil Tax Structure She Signed into Law in 2007 An Alaska ballot measure to repeal a 2013 oil tax law that drastically cut the amount major oil companies in the state pay was losing early Wednesday morning. The referendum was losing by a 52.1% to 47.9% margin, with 80% […]


Peak Oil & Climate Change Solutions: Permaculture

Peak Oil & Climate Change Solutions: Permaculture thumbnail

http://localfuture.org Permaculture or “permanent culture” offers an opportunity to address climate change, peak oil, and financial instability. Permaculture educator Nathan Ayers explains the roots of permaculture, how it addresses peak oil and climate change, its connection to transition towns and sustainability, and the guiding permaculture principles. This is part two of two of a 30-minute […]


A New Frontier for Fracking: Drilling Near the Arctic Circle

A New Frontier for Fracking: Drilling Near the Arctic Circle thumbnail

Hydraulic fracturing is about to move into the Canadian Arctic, with companies exploring the region’s rich shale oil deposits. But many indigenous people and conservationists have serious concerns about the impact of fracking in more fragile northern environments. Among the dozens of rivers that flow unfettered through the Canadian North, the Natla and the Keele […]


Islamic State may be smuggling its oil to export markets

Islamic State may be smuggling its oil to export markets thumbnail

Iraq said on Wednesday it was troubled by reports that Islamic State militants were smuggling oil to export markets and warned the purchase of such supplies could help the group fund its operations. Iraq reiterated that only the Ministry of Oil was authorized to carry out sales – an apparent swipe at the Kurdish region […]


Thousands Of Gallons Of Oil Spill Into Ohio River Upstream Of Cincinnati

Thousands Of Gallons Of Oil Spill Into Ohio River Upstream Of Cincinnati thumbnail

Lately it is not just trains blowing up across the country in the ongoing effort to prove just how safer rail transport is for crude oil transit compared to pipelines: as citizens of Cincinatti found out this morning, their drinking water may come with an added kick after thousands of gallons of diesel fuel spilled […]


Raymond James Labels Dry Holes a ’20th Century Problem’

Raymond James Labels Dry Holes a ’20th Century Problem’ thumbnail

The relentless escalation in well productivity is proving as impactful to exploration and production (E&P) operators as are commodity prices, say analysts with Raymond James & Associates Inc. The production growth largely has been credited to the discovery of new resources and the elevated rig count, noted analysts John Freeman, J. Marshall Adkins and Praveen […]


Peak Oil: Maddening

Peak Oil: Maddening thumbnail

Those of us paying attention to oil supply issues are on occasion torn by decisions as to whether to simply be amused by the maddening, cherry-picked attempts at analysis of the “myth” of peak oil [similar to the myth of gravity], or  just annoyed as hell that even the simplest concepts are either lied about […]


Italy: the story of the donkey and the economist

Italy: the story of the donkey and the economist thumbnail

Italy’s “Energy Efficiency” plotted as a ratio of the GDP (constant dollars) to the energy consumption (data from the World Bank) There is an old story in Italy (but also in other Mediterranean regions) that tells of a man who tried to train his donkey to work without food. So, he gradually reduced the beast’s […]


« Previous PageNext Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES


PO Real Time

Amazing predictions of #renewables show #peakoil in 2024 ... twitter.com/ProfRayWills/s…