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Page added on November 14, 2017

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America’s oil and gas output could soar 25% by 2025

Production
At the same time, the renewable energy sources will become more important. Despite the cautious sentiment, traders said oil prices were unlikely to fall far, largely due to supply restrictions led by the Organization of the Petroleum Exporting Countries and Russian Federation, which have helped reduce excess stockpiles. Solar power will surge globally in the coming decades, but oil demand will also continue to grow, according to a new report from the International Energy Agency. “This is why, absent any geopolitical premium, we may not have seen a “new normal” for oil prices”. If US production stays at current levels, the IEA said, and a trend towards adopting electric cars accelerates, prices could stay between US$50 and US$70 a barrel until 2040. Lower prices are helping to support oil demand, and the IEA raised its projections for global consumption through to 2035, despite the growing popularity of electric vehicles. “Next year’s demand growth will struggle to match this”, the IEA said.
In Abu Dhabi on Monday, the UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei, said that oil producers were expected to unanimously extend a production cut accord later this month, but its duration was still under discussion. The other three include: a growing electrification of energy; a shift to a more services-oriented economy and a cleaner energy mix in China; and the resilience of shale gas and tight oil in the US. Increased oil production from countries not in the OPEC cartel had helped push global output higher in October, the report said. American shale producers have been forced to endure a collapse that sent crude prices from $100 a barrel in 2014 to a low of $26 in 2016.
In a monthly report, the Paris-based body said it had revised down its demand forecasts for both this year and next by 0.1 million barrels per day (mb/d). Fuel efficiency and rising vehicle electrification will bring a peak in oil used for passenger vehicles, even with a doubling of the auto fleet to two-billion vehicles. Christopher Kuplen, BofAML’s Research Analyst, argues that since 55 per cent of global oil is consumed in transportation, of which more than half by passenger vehicles, the demand for oil would eventually fall. Chris Watling, CEO and chief market strategist at Longview Economics, was quoted as saying that the adoption of EVs could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10. The New Policies Scenario still projects that global energy-related carbon dioxide (CO2) emissions will increase slightly to 2040, an outcome that is insufficient to avoid the severe impacts of climate change.
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36 Comments on "America’s oil and gas output could soar 25% by 2025"

  1. makati1 on Tue, 14th Nov 2017 5:34 pm 

    Another “for a paycheck” fantasy article. Pure bullshit.

  2. eugene on Tue, 14th Nov 2017 6:03 pm 

    I like that “could”. Hell, I’ll throw my hat in the ring. How about “could” increase by 30%. I really like CO2 emissions will increase “slightly”. How about “slightly+”? And the dreamed of “electrification”? My dream is “greatly” increase or was it “slightly” increase? I forget which. Predictions, dreams, estimates and the politicians “I can’t remember” are wonderful things.

  3. JuanP on Tue, 14th Nov 2017 7:05 pm 

    I can only hope that we manage to keep this shit going for another 7 years in the USA; I will be 55 by then. Fuck the consequences! I just want this shit to last as long as possible. I have no children to pay the consequences and I don’t give a fuck about other people other than my wife. There is nothing I can do anyway other than hope for the best and prepare for the worst. Party on!

  4. makati1 on Tue, 14th Nov 2017 7:21 pm 

    My sentiments exactly, Juan. Nothing we do as individuals is going to change anything. MY family is going to have to deal with it as I do. Prep and move on with life.

  5. ____________________________________________ on Tue, 14th Nov 2017 8:21 pm 

    In the year 2525, if worman is still alive, oil will cost a shitload bitchcoins. Hope this site is dead in a year. Every news story about peak or infinite oil is wasting my time. At least I have been hopeful for a while about returning back to the stone age. Trump is probably right that Jesus in transmuting water into oil.

  6. Cloggie on Wed, 15th Nov 2017 10:44 am 

    America’s oil and gas output could soar 25% by 2025

    Perhaps this site should reconsider its name and mission statement. I mean: why not finally abandon Heinbergtard [*] if he has meanwhile abandoned himself and went into Trump bashing?

    Only “mastermind” still believes in the “peak oil = immanent” farce, the last ASP2000 fossil on this planet, who still is bothering folks with 2010 German army studies.

    [*] ©supertard

  7. Davy on Wed, 15th Nov 2017 11:03 am 

    Peak oil is alive an well and you are fiddling while modernism burns. What a delusional techno optimistic fool.

  8. GregT on Wed, 15th Nov 2017 11:12 am 

    “What a delusional techno optimistic fool.”

    Says the delusionalist himself. It doesn’t get any more dysfunctional.

  9. Davy on Wed, 15th Nov 2017 12:00 pm 

    widdle, are you capably of saying something intelligent? Are you depressed and unhappy and unable to think intelligently? Stalking and pricking are a sign of anger management issues. widdle are you seeing a therapist? If so maybe if your stalking and pricking obsession is too much just don’t go online. You are going to affect your homelife with anger and rage if you keep this up. Think about your family.

  10. Apneaman on Wed, 15th Nov 2017 5:03 pm 

    By 2025 there might only be about 12 customers left.

    Richest 1% own half the world’s wealth, study finds

    Credit Suisse report highlights increasing gap between the super-rich and the remainder of the globe’s population

    https://www.theguardian.com/inequality/2017/nov/14/worlds-richest-wealth-credit-suisse

    Obscene, degenerate & corrupt. This is the best system the humans could come up with at the height of their powers. To top it off they also have a mass extinction and runaway climate change.

    In addition to an ever growing beating from AGW Jacked disasters, guess what’s coming from the underclass?

    The Only Thing, Historically, That’s Curbed Inequality: Catastrophe

    Plagues, revolutions, massive wars, collapsed states—these are what reliably reduce economic disparities.

    https://www.theatlantic.com/business/archive/2017/02/scheidel-great-leveler-inequality-violence/517164/

    Huge Human Inequality Study Hints Revolution is in Store for U.S.

    Every society has a tipping point.

    “Using a well-established score of inequality called the Gini coefficient, which gives perfect, egalitarian societies a score of 0 and high-inequality societies a 1, they showed that civilization tends to move toward inequality as some people gain the means to make others relatively poor — and employ it”

    “Currently, the United States Gini score is around .81, one of the highest in the world, according to the 2016 Allianz Global Wealth Report.”

    “Calls to make America great again hark back to a time when income inequality receded even as the economy boomed and the middle class expanded. Yet it is all too easy to forget just how deeply this newfound equality was rooted in the cataclysm of the world wars.

    The pressures of total war became a uniquely powerful catalyst of equalizing reform, spurring unionization, extensions of voting rights, and the creation of the welfare state. During and after wartime, aggressive government intervention in the private sector and disruptions to capital holdings wiped out upper-class wealth and funneled resources to workers; even in countries that escaped physical devastation and crippling inflation, marginal tax rates surged upward. Concentrated for the most part between 1914 and 1945, this “Great Compression” (as economists call it) of inequality took several more decades to fully run its course across the developed world until the 1970s and 1980s, when it stalled and began to go into reverse.”

    https://www.inverse.com/article/38457-inequality-study-nature-revolution

    Converging problems & predicament from the human built system and the biosphere systems.

    Death is the only escape.

  11. Cloggie on Wed, 15th Nov 2017 5:21 pm 

    Death is the only escape

    It was nice to have known you!
    All the best.
    And say hello to Yahweh from me.

  12. Apneaman on Wed, 15th Nov 2017 5:38 pm 

    The Staggering Scale Of Global Financial Inequality [Infographic]

    https://www.forbes.com/sites/niallmccarthy/2017/11/15/the-global-pyramid-of-wealth-infographic/#7e4957ab558b

  13. Cloggie on Thu, 16th Nov 2017 7:38 am 

    That’s an informative link, apneaman!

    Atlanta Technical College higher ups:

    https://blogs-images.forbes.com/gradsoflife/files/2017/11/ATC-Photo-1200×685.jpg?width=960

    These people won’t have undernourishment problems any time soon. It is very difficult to think on an empty stomach. Now the thinking can begin. I have my hopes high.

    Seriously, Atlanta will become the capital of Afrosphere on North-American soil, “after the break”:

    http://tinyurl.com/y8ydx6a9

  14. Davy on Thu, 16th Nov 2017 8:05 am 

    What is your point Nazi racist?

    “GDP of the Atlanta metro area from 2001 to 2016 (in billion U.S. dollars)”
    http://tinyurl.com/ycx82r7f
    “This graph shows the GDP of the Atlanta metro area from 2001 to 2016. In 2016, its GDP amounted to 363.77 billion U.S. dollars.”

    “Amsterdam » Basic Info » Netherlands » Economy”
    http://tinyurl.com/y9qme72n
    “GDP : US$350 billion”

  15. Cloggie on Thu, 16th Nov 2017 8:23 am 

    My point is you ugly American, that these folks won’t need you and will break away from you and your multicult insanity with which you 1%-ers hoped to conquer the world.FAIL

  16. Cloggie on Thu, 16th Nov 2017 8:32 am 

    To correct the mule’s ridiculous data:

    GDP Netherlands is $905B PPP

    https://en.wikipedia.org/wiki/Economy_of_the_Netherlands

  17. Davy on Thu, 16th Nov 2017 9:41 am 

    dumb und dutchy try the gdp of Amsterdam.

    We are doing fine Nazi and the best thing that could happen is a Hitler loving cunt like you gets an education and I don’t mean at a University

  18. Cloggie on Thu, 16th Nov 2017 10:40 am 

    The weasel from Missouri and his guru apneaman still owe me a rebuttal of what really happened during WW2, but lying f*ckheads like davy and apneaman refuse to engage in a real debate to defend the honor of their empire:

    http://peakoil.com/publicpolicy/kunstler-what-now-2/comment-page-2#comment-412094

    ttp://peakoil.com/consumption/is-u-s-energy-independence-in-sight/comment-page-1#comment-412515

    But they don’t, because they are not so stupid to engage in a debate they know they would lose bigly.

    Instead these two lying empire pricks continue to spout knowingly the old empire propaganda lies.

    But that’s OK, I know I have won and all you got is a sneak preview of what in a couple of years will be general knowledge. The very fact that they don’t defend themselves is all the proof I need.

  19. Davy on Thu, 16th Nov 2017 10:44 am 

    Lying Hitler cunts who revise history grotesquely don’t get responses becuase that is just feeding the Nazi racist scum.

  20. Cloggie on Thu, 16th Nov 2017 10:48 am 

    Clogmeister, sir, I humbly was refering to the gdp of Amsterdam.

    Davy boy, you made a mistake. Amsterdam is 700k inhabitants (half of them Moroccans, who would not be there if we were not forced by the Canadians to become member of that stinking multikult empire of yours), where the Netherlands has 17 million inhabitants and $908B GPD PPP. See the weakness in your $350B claim?

    You claim to be a financial expert but I find that hard to believe, no sense of proportion and scale.

  21. Cloggie on Thu, 16th Nov 2017 10:54 am 

    Lying Hitler cunts who revise history grotesquely don’t get responses becuase that is just feeding the Nazi racist scum.

    Really, it should be easy to humiliate me by showing what really happened, but he doesn’t.

    Hahaha, the little lying coward weasel is as always running away from a debate. What a pussy! What a rubber spine! Go change your wet underwear.

    Here is Davy on top of the city hall of his little white town after the local deplorables during CW2 found out Davy is a 1%-er:

    http://s.newsweek.com/sites/www.newsweek.com/files/2015/04/17/0417namfall01.jpg

    Davy tries to flee to Italy with his new acquired passport.ROFL

  22. Davy on Thu, 16th Nov 2017 10:56 am 

    Dumb und Dutchy. I was comparing Amsterdam to Atlanta dumbass. The link is an Amsterdam based site. Are you able to humbly understand that extremist racist ugly anti-American douchebag

  23. GregT on Thu, 16th Nov 2017 11:03 am 

    “Lying Hitler cunts who revise history grotesquely don’t get responses becuase that is just feeding the Nazi racist scum.”

    You are in desperate need of serious psychological intervention delusionalist.

    Get help.

  24. GregT on Thu, 16th Nov 2017 11:19 am 

    “Are you able to humbly understand that extremist racist ugly anti-American douchebag”

    Nut-bar.

  25. Davy on Thu, 16th Nov 2017 11:36 am 

    Widdle g, are you capable of a comment or just stalking, pricking, and flanking a Hitler cunt? I always knew you were a closet Hitler admirer.

  26. GregT on Thu, 16th Nov 2017 11:41 am 

    “I always knew you were a closet Hitler admirer.”

    More delusions. Go and talk with your therapist, before you hurt yourself, or somebody/something else.

    You need help buddy.

  27. Cloggie on Thu, 16th Nov 2017 12:05 pm 

    Widdle g, are you capable of a comment or just stalking, pricking, and flanking a Hitler cunt? I always knew you were a closet Hitler admirer.

    Davy, back against the wall and foam on his lips, is now trying to Hitlerize everybody he doesn’t like. Just a mediocre mind throwing with dirt.

    The standard stale propaganda trick of the US empire. Nobody falls for that baloney anymore.

  28. Davy on Thu, 16th Nov 2017 12:20 pm 

    Lookie at the extremist huddling for support. You pussies, why not try to show a little manhood and fight your battles on your own two feet. Geeze

  29. GregT on Thu, 16th Nov 2017 12:28 pm 

    Why not say something of substance delisionalist?

    Cloggie has repeatedly asked you for a considerate rebuttal, and all you can come up with is name calling, childish rhetoric, and delusional accusations.

    You have lost your imaginary little war, oh battle hardened internet warrior.

  30. Cloggie on Thu, 16th Nov 2017 12:28 pm 

    http://www.sueddeutsche.de/wirtschaft/konzernumbau-siemens-wandelt-sich-vom-traegen-tanker-zur-schnellboot-flotte-1.3752313

    Massive layoffs at Siemens in Germany and worldwide.

    Reason gasturbines for power stations can’t be sold any more.

    #ParisWorks

  31. Cloggie on Thu, 16th Nov 2017 1:54 pm 

    Samuel Huntington was right, Clash of Civilizations latest:

    https://youtu.be/cIP2Fct5qGk

    New phenomenon: “battle singing” in the streets of Paris. French citizens and their Marseillaise against Islamic prayer songs.

    The end of the empire will come with great grief.

  32. Davy on Thu, 16th Nov 2017 2:06 pm 

    How does Muslims singing in a Paris have to do with your desire for the destruction of the US, dumb und dutchy? You are so far into incongruous connections as to be a borderline mental patient. CRAZY

  33. Apneaman on Thu, 16th Nov 2017 2:39 pm 

    Here’s a short video of davy & clog going head to head.

    https://www.youtube.com/watch?v=V__T34iqNOA

  34. Davy on Thu, 16th Nov 2017 3:05 pm 

    That was fun Ape. This is you and dumb und dutchy. You are the one on the top

    https://m.youtube.com/watch?v=Wx1ovD-o5l4

  35. Cloggie on Thu, 16th Nov 2017 4:16 pm 

    How does Muslims singing in a Paris have to do with your desire for the destruction of the US

    Where did I express my “desire for the destruction of the US”? Nowhere.

    Before the election I was the most vocal here in favor of Trump, because of his intention to build a wall and as such prevent a civil war.

    But after he became president, everybody and his mother began to sabotage the project, until today and I came to the conclusion that this country wants to be dead, there is nothing you can do about it.

    So now I am assume that a civil war is inevitable, shortly after Trump leaves the White House. Not because I desire it, but because it is going to happen. There are simply too many spineless cucks like davy in that hapless country.

    That was fun Ape. This is you and dumb und dutchy. You are the one on the top

    Submission behavior towards the a member of the tribe that intentionally destroys the US, Stockholm syndrome. You can have your spineless goy, apey. Happy know? You can throw a ball away and he will return it for you. You can let him jump through a burning ring, he will do anything for you.

    https://www.youtube.com/watch?v=zC-yTYC18MM

    I feel sorry for these kids, whose future is destroyed by davy’s Meathead generation (“All in the family”).

    But we will come to their aid once the fun will begin.

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