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Alternative Fuels Seek to Keep the Party Going


With Earth Day as a backdrop, alternative fuel advocates, including natural gas vehicle (NGV) proponents, put on their party hats and marked a variety of milestones in the clean fuel sector, starting with the metropolitan transit authority in San Antonio, TX. VIA Metropolitan Transit on Thursday rolled out the first of more than 400 new […]

IMF Boosts Global Growth Forecast to 3.5% Despite Geopolitical Angst


The global economy is on course for its best performance in several years despite trade tensions and looming geopolitical threats, the International Monetary Fund said ahead of a meeting of world finance chiefs in Washington this week. Investors are skittish over a potential U.S. standoff with North Korea, France’s elections and Washington’s fresh use of […]

The Price Of Oil Might Soar This Year

The Price Of Oil Might Soar This Year thumbnail

Well here’s something totally and definitely unexpected: oil prices are forecasted to rise this year. Nobody saw that one coming. No one. Uh uh. Not a single person. Ever. Oil is expected to rise by $10 a barrel in 2017, according to analysts at Citigroup, reports CNBC. In a note published earlier this week, the […]

Oil Price Volatility and US EIA Data

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A number of news media pieces have recently suggested that oil prices may fall due to soaring output in the US.  Output from US light tight oil (LTO) may not rise as quickly as some EIA reports may suggest. One source of confusion is that the EIA creates many reports and some are more reliable […]

Fracking Bolsters the American Economy


Our friends at Institute for Energy Research shared this guest post with us, which was written by their founder and CEO, Robert Bradley, Jr. and recently published in Forbes. Warning: low-cost, clean energy may be hazardous to your health. Or so say environmental activists who will trot out any line of attack in their crusade against fossil fuels. For years, […]

Citi Sees $65 Oil By Christmas


Maybe the surge in U.S. shale production won’t kill off the oil price rally after all. Oil prices could rise as high as the mid-$60s per barrel by the end of the year, according to a new analysis from Citigroup. That even takes into account the ongoing rebound in U.S. shale production. U.S. oil production […]

‘Alt’ Data in Emerging Markets


In increasingly volatile, global markets, news that is meaningful for investment portfolios doesn’t just come out of Washington, New York, London or Brussels. Real-time, breaking news can surface from an oilfield in Nigeria, a street protest in Jakarta, or a business conference in Brazil. Or any of the countless other places in emerging economies, which […]

Tom Whipple: Peak Oil Review – 17 Apr 2017

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Quote of the Week “The shortcoming of oil replacement by the drill bit has been quite drastic … Discoveries are not keeping up with production.” Per Magnus Nysveen, head of analysis, Rystad Energy.  Last year, 10 billion barrels of oil were discovered, around one third of global consumption, including well-appraisal activity, said Nysveen. He added […]

Population: Threat to the economy

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As of Thursday, April 13, 2017, India’s population, based on the latest United Nations estimates, was 1,339,040,095, only some 47 million more than China’s total population on that day. The UN estimate (Worldometers) records India’s population as 17.86 per cent of the total world population as against China’s 18.47 per cent. In 2016, India’s population […]

The Economy Is Like a Circus

The Economy Is Like a Circus thumbnail

The economy is like a circus. It comes to town, and eventually it leaves town. We get paid in tickets to this circus. As long as the circus stays in town, we can use our tickets. Once the circus leaves town, we are pretty much out of luck.1 The reason the circus stays in town […]

OPEC Sees a World That Still Has Too Much Oil


The oil market is tipping slowly from glut to equilibrium, as output cuts from OPEC and 11 non-OPEC countries start to reduce crude flows. It’s not quite there yet. Indeed, the grand “re-balancing” of supply and demand has yet to take place, although the International Energy Agency does at least believe “that the market is already very […]

For Oil’s Future, Peer Through the Hedges


In oil, like life, the secret to happiness is to lower your expectations. That isn’t just a piece of homespun, nihilist wisdom. It’s what’s happening beneath the surface of the oil market. Hedging is how exploration and production companies manage their market risk. Locking in a price for future output — by, for example, selling oil […]

Gas at $3 per gallon could hurt US economy


The U.S. national average price for a gallon of gasoline would need to move close to $3 before it starts having a negative economic impact, an analyst said. U.S. retail gasoline prices have been on a steady increase for the better part of the year. Motor club AAA reports a national average price for a […]

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree


In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. The biggest banks remain bullish on oil […]

IEA Forecasts Second Straight Year of Slowing Oil Demand Growth


Global oil demand growth is expected to slow for the second year in a row, the International Energy Agency said Thursday, sounding a cautious note for the market. In its closely watched monthly oil market report, the IEA reduced its forecast for 2017 demand growth to 1.3 million barrels a day, warning that this outlook […]

Oil From the U.S. and Saudis: Top Buyers Get What They Want


Buyers in the world’s biggest oil market are finding they can almost always get what they want, at a time when they weren’t expected to get what they need. Saudi Arabia, which is cutting output as part of a deal to ease a global glut, was said to supply customers in Asia with all the […]

Goldman Sachs anticipates return to long-term oil price stability


Goldman Sachs has maintained its base case for oil prices at $50 per barrel, saying it anticipates a return to stable long-term oil prices. The bank said in an outlook note that confidence in long-term oil prices has increased due to improvements in technology and therefore the costs involved with shale extraction. Price fluctuations are […]

Oil Climbs After Reports That Saudi Arabia Wants Output Cuts Extended


Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue output cuts for an additional six months. Oil futures have been pinned in a range, supported by production cuts from the Organization of the Petroleum Exporting Countries cartel and other producing states but capped […]

Is peak oil demand for real?


Standing at the front of a windowless room in downtown Washington last week, the Swiss energy economist Christoff Frei lectured on how the world’s energy sector is about to undergo an upheaval the likes of which has not been seen in a century. Between the insurgence of electric cars, climate change policy and a host […]

Oil and gas power American’s lives


Quick: What do makeup, prosthetics, and heart valves have in common? Unbeknownst to most Americans, all are made possible by fossil fuels. Fossil fuels are behind almost every aspect of our daily lives — from T-shirts to life-saving medical devices. Unfortunately, a growing movement to keep oil and gas in the ground could cut off […]

Gasping for gas


Multi-billionaire and philanthropist Warren Buffett says: “You only find out who is swimming naked when the tide goes out”. The tide of energy revenue has receded for Trinidad and Tobago, this time from structural changes in global energy, meaning the tide is not returning whilst our economy, exposed in its fragility, remains stranded on the […]

Saudi Arabia unveils plans for ‘entertainment city’ near Riyadh

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Saudi Arabia has unveiled plans for an entertainment city on the edge of Riyadh which will be 50 times the size of Gibraltar once complete. The 334 sq km (129 sq mile) attraction will offer cultural, sporting and entertainment activities – including a Six Flags park and a safari park. The announcement boasts it will […]

Plentiful supply can meet strong demand, but forecasts rarely certain, admits BP exec


Gone forever are the days when the world stressed over what would happen when humanity began running out of oil—a fear based on M. King Hubbert’s theory of peak oil—or the point in time at which the maximum rate of petroleum extraction occurred. The North American shale revolution proved that not only are there plenty […]

Saudi Arabia Vs. Russia: The Next Oil Price War


International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the full support of Saudi Arabia (OPEC) and Russia (non-OPEC) has brought some stabilization to the crude markets for almost half a year. The […]

The Great Compromise In Crude Oil


Summary OPEC production declines. U.S. energy independence is for real. Producers satisfied with $50. Consumers satisfied with $50. A sweet spot for compromise. Henry Clay was the prominent figure in American history. Aside from running for president unsuccessfully five times, he was a representative and senator from the State of Kentucky and served as the […]

How World War I created our dependence on oil

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On July 7, 1919, a group of U.S. military members dedicated Zero Milestone – the point from which all road distances in the country would be measured – just south of the White House lawn in Washington, D.C. The next morning, they helped to define the future of the nation. Instead of an exploratory rocket […]

China Becomes Biggest US Oil Buyer


China’s imports of crude oil from the U.S. quadrupled in February vaulting the nation past Canada to the top of the list of American Oil Customers. Bloomberg’s Stephen Engle reports on “Bloomberg Markets.”

Peak Oil, a tabletop game about Crisis and Profit

Peak Oil, a tabletop game about Crisis and Profit thumbnail

Drill and ship oil, buy hi-tech start-ups and meddle with the media to lead your crumbling oil giant into a future without oil.  Welcome to the near future. Welcome to Peak Oil: A game about Crisis and Profit. You are the top manager at one of the big oil companies, tasked with leading your enterprise […]

Researchers Develop Graphene Sieve To Turn Seawater Into Drinking Water


A U.K.-based team of researchers has created something that could help millions of people around the world with no ready access to clean drinking water. The researchers have created a graphene-based sieve capable of eliminating salt from seawater, making it suitable for drinking. ataribravo99 / Pixabay Graphene used to filter salt out of seawater Graphene […]

Britain Offers to Help to Wean Saudi Economy Off Oil Dependency


U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Gulf kingdom seeks to modernize its economy. Britain will help reform the Saudi Ministry of Defense, and foreign and trade ministers from both nations will hold six-monthly meetings […]

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PO Real Time

@TFL1728 @StefMacWilliams Even if runaway #climatechange decimated humans, #peakoil theory would still apply if another life form became able to continue extraction.

@tensiontest @StefMacWilliams and any theory that does not take into account all aspects of the dynamics of the system is describing is flawed. #PeakOil is stupid.