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‘We’re right at peak gold’: All the major deposits have been discovered

Geology

Ian Telfer, chairman of Goldcorp Inc., is the latest industry magnate to predict the world has reached “peak gold,” saying that from here on out, mine production will continue to decline because all the major deposits have been discovered. “If I could give one sentence about the gold mining business … it’s that in my […]


New Rare Earth Deposits: A Non-Solution For A Non-Problem

Geology

  Above: the report on the “Financial Post” of April 13, 2018. The study that the report describes is not just a bad paper, but something highlighting the shortcomings of our whole society in understanding and managing mineral depletion. Any report on mineral availability that starts with “a semi-infinite deposit” should be taken with great […]


LAVA ERUPTION IN LEILANI ESTATES

LAVA ERUPTION IN LEILANI ESTATES thumbnail

Evacuations ordered as volcanic eruption continues in lower Puna (Image: Jeremiah Osuna/Facebook) PUNA, BIG ISLAND (HawaiiNewsNow) – Residents in Puna’s Leilani Estates subdivision fled with little more than the clothes on their backs Thursday night after an eruption in Kilauea’s east rift zone created a fissure in the community, spewing lava into the air as […]


“Unusual Eruptions” At World’s Largest Active Geyser In Yellowstone Stoke “Supervolcano” Fears

Geology

One month after we reported that fears of an eruption at the Yellowstone supervolcano continue to grow following the first eruption of the world’s largest active geyser for the first time since 2014, overnight Reuters reported  of continued “unusual eruptions” at the same location after said giant geyser erupted no less three times in the […]


Audit Puts Aramco’s Oil Reserves At 270 Billion Barrels

Geology

An international independent audit of the oil reserves of Saudi Aramco has more than confirmed the official figures released by Riyadh for three decades, putting the number at 270 billion barrels, two unnamed sources close to the company told Reuters. The audit was conducted by companies including DeGolyer and MacNaughton, and Baker Hughes’ Gaffney, Cline, and Associates. […]


Which countries have the biggest oil reserves?

Geology

Oil is created from the decomposition of organic materials, which are under extreme heat and pressure over a period of millions of years. Oil is more common than you think. You can find it in products like plastics, car tires, perfumes, etc. According to Our World in Data, fossil fuel production can be traced all […]


80% of Shell’s oil and gas reserves will be produced before 2030

Geology

The future of oil and gas across the world is coming under intense pressure following reports by Shell, which plans to empty reserves by over 80 per cent in the next 12 years. The report, hinged on the implications of climate change, came at a time when energy experts were insisting that unless countries drastically […]


Bahrain makes largest oil discovery in its history

Geology

Bahrain on Sunday announced it has discovered the largest oil and gas field in the history of the small kingdom, which unlike its Gulf neighbors is not energy-rich. Authorities estimate the newfound reserves at “many times” the volume of Bahrain’s only other known oil field, the state-run BNA news agency said. BNA did not give […]


The Sahara Desert is expanding—world’s largest desert grew by 10 percent since 1920

The Sahara Desert is expanding—world’s largest desert grew by 10 percent since 1920 thumbnail

The Sahara Desert has expanded by about 10 percent since 1920, according to a new study by University of Maryland scientists. The research is the first to assess century-scale changes to the boundaries of the world’s largest desert and suggests that other deserts could be expanding as well. The study was published online March 29, […]


The View from Les Houches: Of Rare Metals and Cute Kittens

Geology

Les Houches, March 2018. José Halloy of the Université Paris Diderot discusses mineral depletion in his presentation. Note how he utilizes Hubbert curves to estimate the trajectory of mineral extraction. He predicted that the dearth of very rare elements will negatively affect the electronics industry, perhaps killing it completely. José Halloy’s presentation at the Les […]


The World Oil Supply is Infinite: I Know That Because I Believe It

The World Oil Supply is Infinite: I Know That Because I Believe It thumbnail

Earth scientists have been making the case for years that the present level of human activity is not sustainable.  We’re rapidly depleting resources, degrading ecosystems, altering the atmosphere, etc.  What earth scientists are saying is generally not covered by the mainstream media, or is sugar coated, because the mainstream media is an outlet for the […]


The world has tons of oil left

Geology

The consultancy Rystad Energy has released new estimates of global oil resources that help underscore why the discussion in energy circles has transformed over the last decade from when supplies will peak to when demand will taper off, because there’s lots of oil left and being discovered. The data: “Rystad Energy estimates that liquid resources […]


Carbon Cool

Carbon Cool thumbnail

“These stories have three things in common. They reverse climate change by gaining new respect for the element carbon upon which all life depends. They are powered by human ingenuity, working as part of, not against, nature. They are driven and emboldened by the astonishing, illimitable, force of youth.“  Sustainability is an overused and misused […]


Oil is a Scarce Resource

Geology

Building a country or a region’s economy on the extraction of a resource is fool hardy. A resource extracted is gone! It is no longer there! Inevitably payday will come, maybe not within our lifetime, maybe not within our children’s lifetime, but it will come. True, by the time that resource is extracted, there may […]


BP Announces New North Sea Discoveries

Geology

BP plc announced Wednesday that it has made new discoveries in the North Sea at Capercaillie, in Block 29/4e, and Achmelvich, in Block 206/9b. The Capercaillie well was drilled to a total depth of 12,303 feet and encountered light oil and gas-condensate in Paleocene and Cretaceous-age reservoirs, while Achmelvich was drilled to a total depth […]


‘Major’ Deep Offshore Oil Discovery Made in US Gulf of Mexico

Geology

Chevron Corporation announced Wednesday that a ‘major’ oil discovery has been made at the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico. The Ballymore well reached a total measured depth of 29,194 feet and encountered more than 670 feet of net oil pay with ‘excellent’ reservoir and fluid characteristics, Chevron said in a […]


Exxon discovers oil, gas in Papua New Guinea

Geology

Exxon Mobil Corp. has discovered natural gas and oil in the western province of Papua New Guinea and has begun evaluating the find with its partners. The Texas oil company drilled an exploration well more than 8,900 feet into the earth and found hydrocarbons in sandstone reservoirs, confirming that the gas-rich field encompassing the Toro […]


Hope Wanes for ‘Elephant’ Oil Discoveries in Norway’s Arctic

Hope Wanes for ‘Elephant’ Oil Discoveries in Norway’s Arctic thumbnail

After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area. “In the part of the Barents Sea that’s currently open, you’ve sort of tried the elephants — the big opportunities,” Bente Nyland, the head of the Norwegian Petroleum Directorate, said in an interview. “You’re now down […]


Helium in the high desert highlands

Geology

Helium is important to the United States of America. Western Colorado and eastern Utah together will play a modest but important role in providing America with this lesser known naturally occurring gas central to the nation’s modern standard of living. In 2016, The Wild Earth Guardians protested mineral leases north of Grand Junction auctioned by […]


Oil discoveries are at an all-time low — and the clock is ticking

Oil discoveries are at an all-time low — and the clock is ticking thumbnail

We’re running out of new oil. Explorers in 2017 discovered the least amount of oil since at least the 1940s, according to Rystad Energy, an oil and gas consultancy. It estimated that less than seven billion barrels of oil equivalent were found this year through Thursday. Some energy companies will announce more discoveries next year in […]


US Geological Survey To Reevaluate Bakken Oil Reserves

Geology

Federal geologists will lead a push to reevaluate the total amount of recoverable oil near North Dakota’s Bakken formation, according to the state’s Senator John Hoeven. Hoeven requested the new analysis from the U.S. Geological Survey in an attempt to attract new investors to the shale play. The survey will now include 17 other formations […]


The Super Basin Behind US NatGas Dominance

Geology

Natural gas production in the United States has skyrocketed over the past five years, making the carbon-light fossil fuel cheaper to access and plentiful for export, according to a new report by the Energy Information Administration. Production in the Appalachia region alone has seen a jump of 14 billion cubic feet per day since 2012, […]


US Vastly Overstates Oil Output Forecasts, MIT Study Suggests

Geology

Turns out, America’s decade-long shale boom might just end up being a little too good to be true. There’s no denying that fracking has turned the U.S. into a force in the global oil and gas markets, which has more than a few people abuzz about the prospect of energy independence. But now, researchers at […]


The global resource shortage you have never heard about

Geology

If someone were to ask you to name the most-extracted materials on Earth, you might answer with fossil fuels or biomass. However, by weight, the answer is actually sand and gravel. Picture sand and most people think of seas, river deltas, deserts and endless miles of beaches — a never-ending resource that seemingly will last […]


Abiogenic Petroleum: Peak Oil and “Fossil Fuels” – Debunked

Geology

Live on Tuesdays at 5pm Pacific time – UnSpun #094: Greg Quinones is a business consultant, writer, public speaker, trainer and teacher. He is Founder and Managing Executive Partner of ZEN Enhanced Oil Recovery (ZENEOR) a Texas based privately held limited liability company. ZENEOR specializes in “out-of-the-box” thinking in oil production and process. Through extensive […]


Iran-Iraq earthquake: Hundreds killed as border region hit

Iran-Iraq earthquake: Hundreds killed as border region hit thumbnail

A 7.3-magnitude earthquake has shaken the northern border region between Iran and Iraq, killing at least 348 people and injuring thousands more. One Iranian aid agency said 70,000 people needed shelter after the quake, one of the largest this year. The majority of those who died were in Iran’s western Kermanshah province. Nearly 5,660 were […]


Pemex makes Mexico’s biggest onshore oil find in 15 years

Geology

Mexico’s national oil company Pemex has made its biggest onshore oil discovery in 15 years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on Friday. Tanker trucks of state-owned company Petroleos Mexicanos (PEMEX) are seen in Ciudad Juarez, Mexico October 4, 2017. REUTERS/Jose Luis Gonzalez Pena Nieto said Pemex […]


Warming oceans, melting ice caps and a super volcano

Geology

Mother Earth we are sorry. Humans seem to be the most destructive species on the planet. Can we not help our destructive ways? Our carbon emitting habits prove that. We are destroying the only planet we can call home. This year’s hurricane season is proving itself to be one for the books. Ten consecutive storms […]


ExxonMobil ‘Puts Guyana on the Map’ with Discovery

Geology

Exxon Mobil Corp. on Thursday reported its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana with the Stena Carron drillship. “The results from this latest well further illustrate the tremendous potential we see from our exploration activities offshore Guyana,” ExxonMobil Exploration Co. President Steve Greenlee said in a company announcement. “ExxonMobil, along […]


Call For Reviewers: Mathematical GeoEnergy

Geology

A new book entitled Mathematical GeoEnergy: Oil Discovery, Depletion and Renewable Energy Analysis     by Paul Pukite, Dennis Coyne, and Dan Challou will be published late next year by Wiley as part of their AGU Book Series. We are looking for potential reviewers of the manuscript. As the title implies, the contents are math intensive, and […]


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Finally, one can visit here without seeing insulting comments posted about #peakoil a taste of $72+ reality for all those who came here to post derision in the past. twitter.com/DanielHood1978…

@CBCPolitics @RosieBarton a corporation's artificially imposed deadline, truly big oil is the deep state in Alberta and Canada for only 7% of the economy they certain carry a lot of weight, particularly in lieu of peak oil being 13 years old, times up for oil, 2022 is approaching rather quickly #peakoil

test Twitter Media - @CBCPolitics @RosieBarton a corporation's artificially imposed deadline, truly big oil is the deep state in Alberta and Canada for only 7% of the economy they certain carry a lot of weight, particularly in lieu of peak oil being 13 years old, times up for oil, 2022 is approaching rather quickly #peakoil https://t.co/18G1yoYLbt

Markets are forever in cycle. 2016 was all about #PeakOil #Renewables pricing prediction for Oil was 40 to 50$ into 2019. 2018 is now the reverse. Very bullish into 2019 with all the geopolitical issues in ME, Venezuela etc. Predictions into 2019 now as high as 120$

Saudi Arabia will be the 2nd of the Gulf nations to reach the end of its ability to maintain its oil production plateau. Likely sometime between 2025 & 2030 , with government insider leaks indicating 2028 or 2029. #oilandgas #peakoil