Post-Pandemic Energy Might Not Change Much

When talking about the movement of oil prices, I often refer people to the movie “Trading Places,” and specifically to the scene where the elderly investment bankers are explaining the futures market to street hustler Eddie Murphy, and he says, “I get it. You guys are bookies.” One of the brothers turns to the other […]

Chris Martenson: As The World Burns

Decades of unfairness are now boiling over in the United States in the form of protests, riots, burning buildings and violence. Minneapolis is on fire – literally – and the unrest has spread to numerous other major cities. Last year (2019) The Yellow Vest protesters in France dealt with enormous amount of police violence and […]

Diversified Energy Mix for A Clean Energy Transition

The world’s incredible decrease in energy consumption caused by COVID-19, and the unprecedented collapse of the oil and gas markets has some arguing that 2019 was the peak for oil and clean energy will dominate in the years ahead. This and more was unpacked during a renewable energy webinar hosted by the African Energy Chamber […]

US Oil Production Rebound Off The Lows

Shut-in oil production will start to return in June as producers receive better pricing. May production is likely to average somewhere around ~10 mb/d. Q3 2020 will see US oil production gradually decline as a lack of activity in Q2 will eat into existing production base. If our oil price projection pans out, US oil […]

The apocalyptic virus that would make COVID-19 seem irrelevant

Just when we seem to be easing out of the crisis, just as the death toll slows and new hospital admissions for coronavirus head towards zero, just as we begin to allow ourselves the first tentative sigh of relief, along comes a new book by an American doctor to tell us: this, folks, is just […]

Normal Is the Problem

Sharon Wilson is a fifth-generation Texan who drives around rural communities and takes pictures of oil and gas facilities with an infrared camera. The pictures make visible all the methane pollution that industry and governments pretend is not happening in rural communities. Wilson recently tweeted these two sentences: “We can and must do better than […]

Oil Market Could See Long Term Contango

The oil market could stay in a state of contango for longer after supply and demand finally balance due to the vast amount of crude and products in storage, Reuters reported on Friday, citing analysts and investment banks. Contango is the state of the market in which prices for delivery at later dates are higher […]

IEA: Oil Demand to Soon Exceed Pre-Lockdown Level

Alternate Title: Peak Oil Foiled Again Guest “too fracking funny for words” by David Middleton IEA chief says low oil prices will take demand beyond pre-crisis highs By JAVIER BLAS on 5/25/2020 LONDON (Bloomberg) –Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will […]

Oil and gas geopolitics and its end

Let us see how oil barrel prices have really fluctuated in recent weeks: in April, in fact, the European and Asian Brent benchmark, in parallel with the US West Texas Intermediate (WTI), decreased by about 1 U.S. dollar per barrel a day. The WTI, however, is a mixture of different light and sweet American crude […]

Will Covid-19 Delay Peak Oil?

With global demand having fallen by about 29 million barrels per day from a year ago, it seems like this pandemic might delay peak oil production while the pandemic and consequent depression lasts, since so much less oil is being consumed. On top of that, storage is getting full, so many oil producers are being […]

Shutting Down Oil Wells, a Risky and Expensive Option

The temporary shutting in of wells is the one thing that oil companies are trying to avoid at all costs. That’s because restarting production is expensive and wells are not guaranteed to return to their flow rate. The doubts are so great that some experts wonder whether the current round of shut downs, far from […]

Peak Oil Isn’t Here But It Could Be In Sight

By one oil consultancy’s estimate, Peak Oil will be here by 2028, or two years sooner than it previously had predicted, according to Reuters. That ceiling would be somewhere north of 100 million barrels per day, just above the rate hit in 2019. And while normally one might dismiss this as a mere educated guess, […]

Oil Markets Could Soon Face A Devastating Supply Crunch

Concerted production cuts by OPEC+ and IOCs have largely been canceled out by a sharp fall in global oil demand from a record peak of >100 mbd to a recent low of 70 mbd, while WTI prices appear stuck in the mid-$30/barrel range. Given this backdrop, the last thing on the minds of investors probably […]

Oil Rallies With Producers Hiking Prices

Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing. Nigeria and Algeria — both members of the Organization of Petroleum Exporting Countries — have lifted the official selling prices for their supply, a sign that they believe customers are willing […]

Covid is not the only crisis in town, here are six others

Important information: The value of investments and the income from them, can go down as well as up, so you may get back less than you invest. This article first appeared in the Telegraph Three months ago, my wife and I were enjoying a week driving round the Alentejo region of Portugal, eating in busy […]

Another step toward making nuclear fusion power plants a reality?

Nuclear fusion’s energy potential is vast. Scientists believe it could, theoretically, lead to the construction of commercial power plants that would deliver virtually unlimited amounts of energy without leaving a trail of waste behind. But efforts to harness the technology have been exceedingly slow. However, a small step forward has been made by scientists at […]

The Severity of Global Hunger 2020

Most Americans do not regard hunger as a problem, let alone understand the magnitude of its scope. If you really want to know about the severity of the global hunger – and if you are willing to do something about it, read on.According to World Hunger Day.org and Mercy Corps: More than 820 million people […]

Pandemic may reverse human development for first time in 30 years

The United Nations Development agency has warned that coronavirus could reverse human development for the first time in 30 years. The fall-out from the pandemic is expected to hit poorer economies harder, as they’re less able to deal with the socio-economic impacts of the virus. COVID-19 has forced the closure of millions of schools worldwide, […]

Michael Moore Presents Planet of the Humans

Full Documentary Directed by Jeff Gibbs

Global Oil Demand Hasn’t Yet Peaked, Energy Watchdog Predicts

Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back to where it was, and […]

Steady State Economics: We’ve Got Some (Systems) Thinking To Do

In this time of impending economic and ecological crises, we urgently need to aim for a sustainable or ‘steady state’ economy. In order to get there, we will need to adopt a ‘systems-thinking’ outlook taking into account the interconnections of our complex world. We will also need to consider the issue of de-growth, and re-prioritise […]

The stealth peak in world oil production

We who have been suggesting that a peak in world oil production was nigh almost from the beginning of this century looked like we might be right when oil prices reached their all-time high in 2008. But since then, we have taken it on the chin for more than a decade as the U.S. shale […]

Energy won’t be the same when this is over

With planes grounded, cars parked, factories shuttered and offices dark, the coronavirus has carved a big hole in the energy economy and redirected its future in ways that could hardly have been imagined four months ago. Even once the world picks up again, the basics of the business will reflect the legacy of the 2020 […]

Poor Countries Borrowed Billions Using Their Oil As Collateral And Are Now Struggling To Pay

Smaller countries that have taken out billions of dollars in loans that they have promised to pay back in oil are starting to fall behind on their payments. The deals are structured so that countries are advanced money from trading houses that will be paid back in future oil shipments. These types of loans have […]

Crisis Hits Oil Industry and Energy Transition Alike

While it attempts to cushion the effects of the coronavirus pandemic, the Latin American and Caribbean region also faces concerns about the future of the energy transition and state-owned oil companies. These questions were discussed at the 29th La Jolla Energy Conference, organised by the Institute of the Americas. It was held online May 18-22, […]

Kunstler: When Giants Fall

It was only a few decades ago that Walmart entered the pantheon of American icons, joining motherhood, apple pie, and baseball on the highest tier of the alter. The people were entranced by this behemoth cornucopia of unbelievably cheap stuff packaged in gargantuan quantities. It was something like their participation trophy for the sheer luck […]

Oil Market Rationalizes Economic Activity

“Davidson” submits: Looking at the details, the higher $WTI pricing becomes evident. US Crude Production has fallen to 11.5mil BBL/Day Exxon restart refinery-Refinery Inputs rise Gasoline Inv rise a little but US Crude Inv falls ~5mil BBL     Oil prices are rising sharply with the early evidence supplied from Initial Unemployment Claims falling rapidly […]

During Pandemic, A Transatlantic Divide Emerges On Energy Policy

Carbon emissions have been down in recent weeks because of the pandemic because far fewer people are driving or flying. But that has also meant less demand for fuel, and less revenue for oil and gas companies. As a result, some European-based companies are investing more of their resources into renewable energy production. But American […]

This Is How Human Extinction Could Play Out

Oh, it could get very bad. In 2015, a study in the Journal of Mathematical Biology pointed out that if the world’s oceans kept warming, by 2100 they might become hot enough to “stop oxygen production by phyto-plankton by disrupting the process of photosynthesis.” Given that two-thirds of the Earth’s oxygen comes from phytoplankton, that […]

From Energy Transition to Energy Reduction

With the wholesale price for US crude oil famously, if briefly, turning negative recently, and – slightly less famously – with commenters in a thread under my last post suggesting that it’s technically straightforward to transition the existing energy system largely to renewables, it feels the time is right to address some post-lockdown and post-carbon energy realities. […]

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