Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from April 2015

Obama Urges Saudi Dictator Abdulaziz to Keep Attacking Yemen

Obama Urges Saudi Dictator Abdulaziz to Keep Attacking Yemen thumbnail

Obama expressed his desire for Saudi dictator Abdulaziz to continue his illegal assault on Yemen, “pushing for a continuation of the war” and announcing, mafia-like, that “the job is not done”. The dictator has complied, carrying out further attacks on the impoverished and starved country, with a Saudi Prince announcing that he will reward the […]


Is the US A Force For Good In The World?

Is the US A Force For Good In The World? thumbnail

First of all, in terms of popularity worldwide, the U.S. is a mixed picture. A Gallup International poll of 65 countries, issued on 30 December 2013, found that: “The US was the overwhelming choice (24% of respondents) for the country that represents the greatest threat to peace in the world today. This was followed by Pakistan (8%), […]


Billionaires versus big oil

Billionaires versus big oil thumbnail

  A growing number of the world’s wealthiest people, From both ends of the political spectrum, are banding together to bet on new technologies that could displace fossil fuels. The one thing they have in common? They believe it will make them a lot of money. Ward McNally never intended to become a booster for […]


One Last Look At The Real Economy Before It Implodes: Solutions

One Last Look At The Real Economy Before It Implodes: Solutions thumbnail

All problems, all crises, have at least one solution, if not many solutions. There is no such thing as an unwinnable scenario. Some may not be smart enough or courageous enough to see it, but the solution is always there, waiting to be discovered. The only fight that cannot be won is the fight in […]


The Doomsayers Were Wrong about the BP Oil Spill

The Doomsayers Were Wrong about the BP Oil Spill thumbnail

Mother Nature heals herself. Five years ago this week, a blowout of BP’s Deepwater Horizon oil rig 40 miles from the Gulf Coast tragically claimed eleven lives and spilled 3 million barrels of oil from the damaged wellhead into the Gulf. It’s hard to forget the video images of thick oil gushing, day after day, […]


Saudi Arabia’s solution to global oil glut: Pump even more crude

Saudi Arabia’s solution to global oil glut: Pump even more crude thumbnail

Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels, and then pump even more. The world’s biggest oil exporter, having abandoned last year its role of keeping global markets in balance, now has incentive to maximize output and undermine rival producers by using its reserve capacity, according to […]


The Last Two Oil Crashes Show Peak Oil Is Real

The Last Two Oil Crashes Show Peak Oil Is Real thumbnail

Summary Recent oil crashes show you the hard floor for gauging value oil company equities. Properly understood, the crashes lend an insight into the concept of Peak Oil. All oil equity investors should understand the overarching upward trend on display here. PLEASE NOTE: ALL prices used in this article are using current 2015 dollars, inflation […]


Is the Future Simply Advanced Energy?

Is the Future Simply Advanced Energy? thumbnail

“Fossil Fuels Just Lost the Race Against Renewables,” reads the hyperbolic headline from Tom Randall, writing for Bloomberg Business. “This is the beginning of the end,” the subhead piles on. This report of the death of fossil fuel-powered electricity generation may be exaggerated. But looking closely at Randall’s article, the triumph of advanced energy seems […]


Overview of Our Energy Modeling Problem

Overview of Our Energy Modeling Problem thumbnail

We live in a world with limits, yet our economy needs growth. How can we expect this scenario to play out? My view is that this problem will play out as a fairly near-term financial problem, with low oil prices leading to a fall in oil production. But not everyone comes to this conclusion. What […]


How OPEC could lose the oil wars

How OPEC could lose the oil wars thumbnail

The U.S. energy industry is clearly on its heels. Drillers are shutting down rigs, oil and gas firms are slashing jobs and plunging prices are gutting profitability, even at huge firms such as Exxon Mobil (XOM). But American drillers could ultimately benefit from the pressure to become more competitive. And OPEC, the oil cartel led […]


Thirty thousand square kilometers of land lost to oil and gas development

Thirty thousand square kilometers of land lost to oil and gas development thumbnail

All across North America, patches of land are being taken over by the rigs, roads, and storage facilities of thousands of oil and gas drilling operations. Now, for the first time, a study tallies up the land area they consume: 30,000 square kilometers—an area equivalent to three Yellowstone National Parks. “For all intents and purposes, […]


Why We Need a Great Transition

Why We Need a Great Transition thumbnail

We confront an existential risk without historic precedent: human environmental pressures have reached such a pace and intensity that they may cross tipping points, irreversibly altering the state of the Earth system. As the human enterprise becomes more encompassing and interdependent, the prospect of achieving human well-being within the dominant development paradigm grows dim. However, […]


The Biggest Problem Remains Over-Population

The Biggest Problem Remains Over-Population thumbnail

Today, Earth Day, behooves all of us to give serious consideration on alleviating the horrific problems that plague our world, and threaten to make it uninhabitable in a very short term. At the root of all the problems, including fouled water, polluted air and soil, melting glaciers, severe crowding – not to mention mass panic migrations […]


OPEC, Tight Oil and Russia

OPEC, Tight Oil and Russia thumbnail

The OPEC Monthly Oil Market Report is out with OPEC crude only production numbers for March 2015. OPEC production was up 812,000 barrels per day. The increase came primarily from three countries: Saudi Arabia was up 347,000 barrels per day to 10,010,000 bpd. Iraq was up 319,000 bpd to 3,625,000 barrels per day. And Libya was […]


Peak Oil: Still The Problem And Not The Answer

Peak Oil: Still The Problem And Not The Answer thumbnail

While all the buzz surrounds oil prices, the global demand side remains on solid footing: up. Supplying 33% of all energy, oil is the world’s primary fuel. Oil is so important that global demand is ever-growing: 67 million b/d in 1990, 77 million b/d in 2000, and 91 million b/d in 2014. I’ll never understand […]


What Happens To US Shale When The Easy Money Runs Out?

What Happens To US Shale When The Easy Money Runs Out? thumbnail

Today we will take a look at both Whiting Petroleum (WLL) and Continental Resources (CLR) as far as their Bakken economics. Overall the numbers will show that, despite claims of low cash costs per MBOE ($16 or so for CLR) and high IRRs on $60 WTI, the facts say otherwise. In addition, the analysis will […]


Saudi Prince Promises Bentleys to Pilots as Civilian Death Toll Mounts in Yemen

Saudi Prince Promises Bentleys to Pilots as Civilian Death Toll Mounts in Yemen thumbnail

As Saudi officials announced the country has ceased its bombing campaign against the Houthis in Yemen, a Saudi prince promised to give pilots free expensive luxury cars. Prince Alwaleed Bin Talal is the Saudi King Abdullah’s nephew. He has a $300 million stake in the social media company Twitter and is reportedly worth nearly $40 […]


Heinberg: Afterburn

Heinberg: Afterburn thumbnail

We live in a time of what might be called The Great Burning. However, we tend to ignore the tremendous inferno blazing around us. Most of the combustion occurs out of sight and out of mind, in hundreds of millions of automobile, truck, aircraft, and ship engines; in tens of thousands of coal or gas-fired […]


The Disintegration of the World

The Disintegration of the World thumbnail

Leon Trotsky is not often invoked as a management guru, but a line frequently attributed to him would surely resonate with many business leaders today. “You may not be interested in war,” the Bolshevik revolutionary is said to have warned, “but war is interested in you.” War, or at least geopolitics, is figuring more and […]


Survive Collapse: Some Paradoxes

Survive Collapse: Some Paradoxes thumbnail

If you enjoy paradoxes, then here are a few you might like. I’m referring to the topic of “post-Collapse survival,” with specific reference to the imminent decline in fossil fuels. But let us look at these events as two phases: (a) before complete anarchy sets in and (b) after complete anarchy sets in. I call […]


Slums, 21st Century Wars

Slums, 21st Century Wars thumbnail

“In 1950 there were 86 cities in the world with a population of more than one million; today there are 400, and by 2015 there will be at least 550. Cities, indeed, have absorbed nearly two-thirds of the global population explosion since 1950, and are currently growing by a million babies and migrants each week… […]


Iraq Oil Output Growth Slow

Iraq Oil Output Growth Slow thumbnail

Growth in Iraq’s oil production capacity may slow as lower crude prices hurt the ability of OPEC’s number two producer to pay international oil companies for work there, officials from BP Plc and OAO Lukoil said.Lukoil sees a “significant reduction” in the growth rate of Iraqi output capacity in 2016 and 2017 due to the […]


Inventions that could change the world

Inventions that could change the world thumbnail

The European Patent Office (EPO) has announced its finalists for the 2015 European Inventor Awards, honoring brilliant inventions from a range of scientific fields. The EPO will have its work cut out choosing winners—everyone on the list is working on or has created something groundbreaking. A dozen finalists are grouped into four categories, including one for non-European […]


Sardine population isn’t crashing

Sardine population isn’t crashing thumbnail

Environmental groups such as Oceana complain that the sardine population is collapsing just as it did in the mid-1940s. They blame “overfishing” as the reason and maintain that the fishery should be shut down completely (“Starving sea lions spotlight overfishing,” Viewpoints, April 14). In truth, Pacific sardines are perhaps the best-managed fishery in the world. […]


Who Is Saudi Arabia Really Targeting In Its Price War?

Who Is Saudi Arabia Really Targeting In Its Price War? thumbnail

Saudi Arabia is not trying to crush U.S. shale plays. Its oil-price war is with the investment banks and the stupid money they directed to fund the plays. It is also with the zero-interest rate economic conditions that made this possible. Saudi Arabia intends to keep oil prices low for as long as possible. Its […]


Pemex prepares to expand oil production

Pemex prepares to expand oil production thumbnail

Oil production at Pemex has touched bottom after a decade of decline, according to the head of exploration and production at Mexico’s state-controlled energy group, and a new era of deals with private companies should fuel its recovery. “Things are looking good,” Gustavo Hernández told the Financial Times in an interview, just weeks before the […]


Exxon CEO: Feds, Industry Must Work Together in New World of Energy

Exxon CEO: Feds, Industry Must Work Together in New World of Energy thumbnail

It’s a new world taking shape in the energy industry, Rex Tillerson, Exxon Mobil Corp. CEO, told a crowd during the second day of IHS CERAWeek in Houston. And while the full picture of this new paradigm has yet to take shape, it’s clear that the industry needs to come together with the public and […]


How Much Does It Cost To Produce 1 Barrel Of Oil?

How Much Does It Cost To Produce 1 Barrel Of Oil? thumbnail

Summary The profit of any oil company depends on the costs it needs to produce 1 barrel of oil, technically spoken 1 barrel of oil equivalent (boe). Many European companies are pure oil producers and give direct clues about production costs of that commodity. In 2014, the European upstream industry did rather well, but it […]


Loss of fertile soils a food security risk

Loss of fertile soils a food security risk thumbnail

Massive amounts of fertile agricultural land are lost every year. Yet we depend on such topsoil as the basis for feeding the world. So, what needs to be done to assure healthy soils and thus food security? Worldwide deterioration of soil quality is a disaster in the making, warn experts like Jes Weigelt of the […]


Yergin: Why the oil-price collapse changes everything

Yergin: Why the oil-price collapse changes everything thumbnail

It was not long ago that $100 per barrel oil was accepted as the new normal. China’s strong economic growth (and energy demand) would continue apace, and OPEC and Saudi Arabia would continue to play the traditional role as swing producer in support of oil prices. Events have proved otherwise. Oil markets have entered a […]


« Previous PageNext Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES


PO Real Time

#PeakOil #Energy | Is North Sea oil is coming to an end? | Nexen pulls the plug on two North Sea platforms after Forties shutdown offshoreenergytoday.com/nexen-pulls-th…

Telling. #PeakOil production, or other things coming that make this not worthwhile? #Gold twitter.com/brocwest/statu…