Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from January 2015

The shale oil fields most at risk

The shale oil fields most at risk thumbnail

With crude prices down nearly 60 percent from their highs, investors are learning that not all oilfields are created equal. U.S. oil production grew 49 percent between 2008 and 2013, as drillers improved productivity and tapped high-yield debt markets. But with their product fetching far less these days, exploration and production companies have slashed capital […]


Saudi Arabia’s King Abdullah bin Abdulaziz dies

Saudi Arabia’s King Abdullah bin Abdulaziz dies thumbnail

Abdullah bin Abdulaziz was the fifth of his brothers to take the throne Saudi King Abdullah bin Abdulaziz has died, royal officials have announced, weeks after he was admitted to hospital. Abdullah, who had ruled since 2005 and was said to be aged about 90, had been suffering from a lung infection. His 79-year-old half-brother, […]


A New Theory Of Energy & The Economy

A New Theory Of Energy & The Economy thumbnail

How does the economy really work? In my view, there are many erroneous theories in published literature. I have been investigating this topic and have come to the conclusion that both energy and debt play an extremely important role in an economic system. Once energy supply and other aspects of the economy start hitting diminishing […]


Oil price drop is ‘economic warfare against US enemies’

Oil price drop is ‘economic warfare against US enemies’ thumbnail

The current oil price decline can be explained by heavy selling in US future markets which is part of an all-out economic war between the US and countries like Russia, Iran and Venezuela, says financial journalist, Willem Middelkoop. RT: Falling oil prices are a serious problem for some producers. What hope is there that a […]


OPEC’s El-Badri Says Oil Will Rebound Rather Than Fall to $20

OPEC’s El-Badri Says Oil Will Rebound Rather Than Fall to $20 thumbnail

Oil prices will rebound rather than extend their decline to as low as $20 a barrel because a collapse since June isn’t merited by global supply and demand, OPEC’s Secretary-General said. Producers outside the Organization of Petroleum Exporting Countries should be first to reduce their output amid a surplus that’s pushed crude below $50 a […]


Saudi Aramco CEO says oil market will rebalance itself

Saudi Aramco CEO says oil market will rebalance itself thumbnail

It will take some time for the oil market to rebalance, but the market will balance itself, the head of Saudi Arabia’s state oil company Saudi Aramco said on Wednesday. Expectations of higher oil prices by many investors have been shaken to a large degree, said Saudi Aramco Chief Executive Khalid al-Falih, speaking at the […]


The Price of Milk

The Price of Milk thumbnail

I have recently been listening to the bad news about the price of milk while actually milking cows, as my herdsman took a break over Christmas and the New Year. Experiencing at first hand the economic impact of the climate in which dairy farmers are operating gives the issue a whole different meaning. It seems […]


What Do Weak Oil Prices Mean for the South China Sea?

What Do Weak Oil Prices Mean for the South China Sea? thumbnail

When it comes to territorial tensions in the South China Sea, it’s more about what goes through it than what lies beneath it. Oil last week dropped below $46 a barrel to more than five-year lows. The biggest collapse in energy prices since the 2008 global recession has prompted companies from Royal Dutch Shell Plc […]


Obama: America is No. 1 producer of oil, gas

Obama: America is No. 1 producer of oil, gas thumbnail

The United States is on top of the world in terms of energy production, President Barack Obama said during his sixth State of the Union. “We believed we could reduce our dependence on foreign oil and protect our planet,” he said during his Jan. 20 address. “And today, America is number one in oil and gas. […]


Crushing The U.S. Energy Export Dream

Crushing The U.S. Energy Export Dream thumbnail

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time. Exporting gas is dumb. Exporting oil is dumber. The U.S. imports almost half of the crude oil that we use. We import 7.5 million barrels per day. The chart below shows the EIA prediction that production […]


The Gold/Oil Ratio Shows A Crisis Is Inevitable

The Gold/Oil Ratio Shows A Crisis Is Inevitable thumbnail

Market developments over the past six months have created an environment where a “crisis” seems all but inevitable. The world’s reserve currency, USD, is now 17% stronger than it was in June on a trade-weighted basis. Europe and Japan, the world’s largest and fourth largest economies, are in recession, while China, the third largest economy, […]


Natural gas to unseat coal as generation king by 2035

Natural gas to unseat coal as generation king by 2035 thumbnail

Information Administration predicts that natural gas will dethrone King Coal by 2035, and a number of market forces are at work that may assure that ascension. Coal through the first three quarters of 2014 provided roughly 51 percent of the nation’s electricity, and Wyoming supplies about 40 percent of that coal. Comparatively, natural gas through […]


A Population Perspective on the Steady State Economy

A Population Perspective on the Steady State Economy thumbnail

A steady state economy is defined by a constant population and a constant stock of physical capital. In a way it is an extension of the demographer’s model of a stationary population to include non living populations of artifacts, with production rates equal to depreciation rates, as well as birth rates equal to death rates. […]


Wealth Creation and the New Energy Economy

Wealth Creation and the New Energy Economy thumbnail

Energy is the bedrock of the global economy. Any disruptive changes in areas such as electricity generation will open the door to myriad new investment opportunities. Interestingly, trends are emerging now at lightening speed within those energy markets and this, of course, presages the concomitant emergence of a potential wealth creation event such as we […]


The Circular Economy. Great Idea, But Can It Work?

The Circular Economy. Great Idea, But Can It Work? thumbnail

Is there a more sustainable way to drill a hole?  Consider that power drill stored at the back of a cupboard at home. On average it’s used for six minutes a year.  Surely it would be better to rent one when you need to fix that wonky door?  But this would require us to reconsider […]


Saudi Arabia: 1 Beheading Every 4 Days

Saudi Arabia: 1 Beheading Every 4 Days thumbnail

Oppression is extreme in Saudi Arabia, which has strong ties to U.S. politicians As long as Saudi oil is seen as a valuable resource for US oil corporations, the US will maintain relations with the feudal regime regardless of what that means for the rights of Saudi people, Sara Flounders, of the International Action Center, […]


Former oil exec: $5-a-gallon gas on the way

Former oil exec: $5-a-gallon gas on the way thumbnail

John Hofmeister attracted national attention in 2010 when he predicted that average U.S. gasoline prices would soar to $5 a gallon in 2012, thanks to rising crude oil prices. His forecast fell short, as the cost of filling up flirted with $4 in 2012, but never went higher. Now, with gasoline prices at $2.14, their […]


Falling oil prices hit Venezuela, Iran and Russia hard

Falling oil prices hit Venezuela, Iran and Russia hard thumbnail

As oil prices continued to plunge last week, it was instructive to watch the disparate reactions of three governments whose whopping losses are likely to produce some of the biggest international stories of 2015. There was the panicked scrambling of Venezuelan President Nicolás Maduro, who skipped his own state of the union speech for a […]


World’s Largest Traders Use Offshore Supertankers to Store Oil

World’s Largest Traders Use Offshore Supertankers to Store Oil thumbnail

Companies Are Buying Oil Now to Sell Later When Prices Rise The supertanker TI Oceania was built to ferry vast quantities of oil across oceans, but for the next year it is expected to remain anchored off the coast of Singapore, storing millions of barrels of oil for Vitol SA, a giant trading house. The […]


Yemeni Government Admits It Has Lost Control Of Nation Amid “Attempted Coup”

Yemeni Government Admits It Has Lost Control Of Nation Amid “Attempted Coup” thumbnail

 In what Yemen’s information minister described as an “attempted coup” Shia Houthi rebels (backed by Hizbollah and Iran) have surrounded the Yemeni Presidential Palace putting them, as The Telegraph reports, in direct confrontation with al-Qaeda and the Yemen government. Amid hopes of a compromise deal or cease-fire in the conflict that has been under way […]


Iran says oil industry could withstand $25 crude

Iran says oil industry could withstand $25 crude thumbnail

Iran sees no sign of a shift within OPEC toward action to support oil prices, its oil minister said, adding its oil industry could ride out a further price slump to $25 a barrel. The comments are a further sign that despite lobbying by Iran and Venezuela, there is little chance of collective action by […]


Plunging oil prices could kill electric and hyrbid cars

Plunging oil prices could kill electric and hyrbid cars thumbnail

Gas-guzzling cars are gaining favor once again, as low oil prices are cheapening petrol, driving consumers away from more economic and expensive eco-friendly models. Both Brent and West Texas Intermediate crude have fallen below $50 per barrel, greatly cheapening the cost of refined products such as gasoline and petroleum. In the US, gasoline for cars […]


Former Saudi oil boss says it can cope with low price

Former Saudi oil boss says it can cope with low price thumbnail

Saudi Arabia can cope with low oil prices for “at least eight years”, Saudi Arabia’s minister of petroleum’s former senior adviser has told the BBC. Mohammed al-Sabban said the country’s policy was to defend its current market share by enduring low prices. “You need to allow prices to go as low as possible in order […]


Conspiracy to reduce world’s population

Conspiracy to reduce world’s population thumbnail

Prince Philip’s principal collaborators in launching the World Wildlife Fund as a funding and worldwide operations arm of the International Union for the Conservation of Nature, were Sir Julian Huxley and Max Nicholson, both ardent advocates of eugenics and racial purification. In fact, Huxley was president of the Eugenics Society when he co-founded the WWF. […]


Economics of the Anthropocene

Economics of the Anthropocene thumbnail

Post Carbon Fellow Joshua Farley was one of 45 leading scholars, authors and activists who convened at The Great Hall of Cooper Union, New York City, on October 25-26, 2014, for the public presentation: “Techno-Utopianism and the Fate of the Earth.” Speakers discussed the profound impacts—environmental, economic and social—of runaway technological expansionism and cyber immersion; […]


The Oil Crash Is No Small Matter…Repurcussions Will Be Extensive

The Oil Crash Is No Small Matter…Repurcussions Will Be Extensive thumbnail

Awkward Beginnings… With all due respect… What a way to start the year. The crash in oil prices is no small matter. The previous down sweep in energy prices occurred in the midst of the financial crash 0f 2008 and Great Recession. Oil prices soon reversed afterwards and climbed back to dizzying heights, even as […]


Plunging oil prices won’t solve China’s economic problems

Plunging oil prices won’t solve China’s economic problems thumbnail

Falling oil prices are typically seen as great news for major energy importers, but even rock-bottom prices won’t be enough to lift China’s economy out of its current malaise. China is the world’s largest net importer of oil, and plunging crude prices should cut costs for consumers and businesses. It is also expected to help […]


Iraq Produces Record 4M Barrels per Day of Crude

Iraq Produces Record 4M Barrels per Day of Crude thumbnail

Iraq produced a record of around 4 million barrels per day (bpd) of crude oil in December, Oil Minister Adel Abdel Mehdi announced on Sunday. “It is the first time Iraq has achieved this,” Abdel Mehdi told a press conference alongside Turkish Energy Minister Taner Yildiz. Abdel Mehdi also revealed plans to export 375,000 bpd […]


Dumb and Dumber: U.S. Crude Oil Export

Dumb and Dumber: U.S. Crude Oil Export thumbnail

Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time. Exporting gas is dumb. Exporting oil is dumber. The U.S. imports almost half of the crude oil that we use. We import 7.5 million barrels per day.  The chart below shows the EIA prediction that production will slowly […]


BP, Shell, And Petrofac: Why Peak Oil Theory Was Wrong

BP, Shell, And Petrofac: Why Peak Oil Theory Was Wrong thumbnail

During the 1990s, the oil price was around $10-20 a barrel. Petrol was cheap and SUVs and gas guzzlers were selling in record numbers. Oil company share prices were low and there was next to no oil exploration. Yet wells from the North Sea to Saudi Arabia were still producing oil — after all, once an oil well has been drilled, […]


« 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…