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Latest Geology Headlines

Earthquake Blackout Points to Japan’s Fragility

Geology

“This was an extremely rare case,” said Akihiko Mayumi, the power company’s president, at a news conference. “We thought the risk of complete power failure was low.” By restarting more oil- and coal-powered plants, the company will probably be able to restore power to most households on Saturday, the government said. A Hokkaido Electric spokesman […]


Peak Oil: A Lesson in False Prophecy

Geology

As recently as 10 years ago, we were told that the world was running out of oil soon. Horrors! Then, directional drilling and fracking opened up the prolific resource of “tight” oil shale. New production records are being set daily; the U.S. now leads the world in oil reserves, ahead even of Saudi Arabia. Hubbert’s […]


Alaska’s North Slope ‘Super-Basin’ Still Holds 28 Billion Barrels of Oil

Geology

Since its discovery in 1968, Alaska’s North Slope (ANS) basin has produced nearly 17 billion barrels of oil. Since hitting a peak of 2 million barrels of oil a day in the late 1980s, production has fallen to around 400,000 barrels a day as of last week. But a lot more North Slope oil remains […]


The Sudden Death of Peak Oil – 4.5 Trillion Barrels of Oil Left

The Sudden Death of Peak Oil – 4.5 Trillion Barrels of Oil Left thumbnail

Google trends – nobody is interested anymore in the topic of “peak oil” Technology is not just expanding our daily oil production; it also continues to increase the amount of oil and liquid fuels we can count on for the future. In 1981, the U.S. Geological Survey estimated that remaining global recoverable crude and condensate […]


Why ‘Peak Lithium’ Is An Irrational Fear

Why ‘Peak Lithium’ Is An Irrational Fear thumbnail

Even ignoring the pop-up ads for lithium producers, serious observers have expressed concerns about the adequacy of those resources. For one thing, the booming demand for lithium-ion batteries for electric vehicles and backup power systems (from household level to utility-scale) has caused some to worry whether the lack of lithium resources will constrain efforts to […]


Saudi retreat on oil IPO highlights dearth of reliable information on world oil reserves

Saudi retreat on oil IPO highlights dearth of reliable information on world oil reserves thumbnail

Since late 2016 the financial media has been abuzz about what would likely be the biggest initial public offering (IPO) ever: The sale of 5 percent of the world’s largest oil company, Saudi Aramco, which is wholly owned by the government of Saudi Arabia. The IPO with its required disclosures would shed light on the […]


Global Oil Discoveries See Remarkable Recovery In 2018

Global Oil Discoveries See Remarkable Recovery In 2018 thumbnail

Global discoveries of conventional oil and natural gas are seeing an exciting recovery with discovered resources already surpassing 4.5 billion boe in H1 2018, Rystad Energy analysis shows. The average monthly discovered volumes YTD are estimated at 826 million boe, up approximately 30% compared to 625 million boe in 2017. (Click to enlarge) During H1 […]


The End of Oil and Gas

The End of Oil and Gas thumbnail

The end of oil and gas has been predicted on a regular basis since 1885, yet today we use more of both than ever before and no end is in sight in the data available. Figure 1 shows worldwide energy consumption by fuel since 1965 and projected to 2035 by BP in billion tonnes of […]


THE ENERGY CLIFF APPROACHES: World Oil & Gas Discoveries Continue To Decline

Geology

As the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017.  And to make matters worse, world oil investment has dropped 45% from its peak in 2014.  If the world oil industry doesn’t increase its capital expenditures significantly, we are going to hit […]


USA and World Oil Production

USA and World Oil Production thumbnail

All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. USA data is through April. C+C production was almost flat in April, down 2,000 bpd. Texas through April. Texas production was up 30,000 bpd in April. North Dakota through April. North Dakota […]


THE ENERGY CLIFF APPROACHES: World Oil and Gas Discoveries Continue To Decline

Geology

As the world continues to burn energy like there is no tomorrow, global oil and gas discoveries fell to another low in 2017.  And to make matters worse, world oil investment has dropped 45% from its peak in 2014.  If the world oil industry doesn’t increase its capital expenditures significantly, we are going to hit […]


Peak Gold? Mining ‘At Tipping Point’

Peak Gold? Mining ‘At Tipping Point’ thumbnail

‘Cyclical drop’ due in gold mining, AI technology coming… GOLD MINING output will struggle to record a 10th consecutive year of growth in 2018 according to leading analysts, marking instead the start of a cyclical if not sustained drop from this decade’s new all-time peak. Global gold mining production may stand “at a tipping point,” […]


Peak Oil DEBUNKED! (OPEC & IMF are EVIL)

Geology

I did my research, and worked to make this video as helpful to people as possible. Trying to understand the way the oil industry works is near impossible without considering the IMF, OPEC, and the true motivations of people in power. World events are no coincidence.


Operators looking for oil and gas “elephants” across Africa

Geology

With the oil price heading for the US$80 on the first day of the Africa E&P Summit, which opened today in London, ambitious operators are seeing multiple opportunities and seeking out the “elephants” – the remaining big hydrocarbons discoveries across the continent Access to energy will be boosted by oil and gas investment in Africa […]


‘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 […]


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PO Real Time

" Later, the crowd audibly stirred when Trump accused OPEC nations of “ripping off” the world by making oil prices too high." thinkprogress.org/united-nations… Trump doesn't understand that oil is a finite nonrenewable resource that will get more expensive over time. #PeakOil

The "Peak demand" finding by OPEC is right in line with a similar projection from the International Energy Agency buff.ly/2QXMbSC #peakoil #fracking #opec

IEA has consistently been forced to upwardly revise its initial annual demand growth projections in recent years buff.ly/2QXMbSC #peakoil #opec #fracking

Predictions Of Early 'Peak Oil' Demand Don't Pass The Goldilocks Test via @forbes buff.ly/2QWK7dl #peakoil #fracking #shale #opec

The "Peak demand" finding by OPEC is right in line with a similar projection from the International Energy Agency forbes.com/sites/davidbla… #peakoil #fracking #opec