Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on February 16, 2020

Bookmark and Share

A New Peak Oil

Consumption

Only a few decades ago, top economists were fretting over the possibility of running out of oil. Now, a new peak oil is fast approaching: peak demand. Global oil demand is slowing, and industry analysts project global demand to plateau and fall within the next decade and a half.

For the U.S., oil dependence has rapidly turned into abundance in less than a decade, thanks to the advent of cheap shale oil and increases in fuel efficiency. In September 2019, the U.S. exported more petroleum products than it imported. The U.S. Energy Information Administration projects that in 2020 the U.S. will be a net exporter of oil for the first time since 1948.

Meanwhile, the world is waking up to the crisis of climate change. United Nations scientists report that the world must stop adding carbon dioxide to the atmosphere within the next 30-50 years to avoid catastrophic impacts of climate change. The world must eliminate all but the most essential use of oil and other fossil fuels, or face rising seas, super-sized hurricanes, and food-insecurity leading to mass migration and unrest. Global temperatures have already risen 1ºC, threatening runaway change as melting arctic soils and wildfires release greater levels of climate warming gasses into the atmosphere.

Even if we overshoot this target, cost reductions in renewable energy and social pressure from mounting climate impacts are likely to undermine markets, leading to an overabundance of supply, and turning fossil fuel investments from assets into liabilities. Meanwhile, new minerals are rising as critical resources for the 21st century economy.

US Energy Security (infographics_blog1).png



109 Comments on "A New Peak Oil"

  1. makati1 on Tue, 18th Feb 2020 5:21 pm 

    “Europe should cooperate with the Chinese and erase the dollar from Eurasia.”

    Totally agree Abe.

  2. Davy on Tue, 18th Feb 2020 6:08 pm 

    “Europe should cooperate with the Chinese and erase the dollar from Eurasia.” Totally agree Abe.”

    Bullshit, more dumbass out of the two binary fools. This dollar thing has been talked about for years and little has changed. The Chinese currency is toast and the EU is flirting with recession. tell me how that is going to rid the world of the dollar. What a bunch of economic fools!

  3. Duncan Idaho on Tue, 18th Feb 2020 6:50 pm 

    1930 — Outer Space: Pluto is discovered.

  4. I AM THE MOB on Tue, 18th Feb 2020 7:21 pm 

    Census Finds U.S. Population Will Decline Without Immigration

    https://www.cato.org/blog/census-finds-us-population-will-decline-without-immigration

    Same is true for Europe and Japan. Looks like its open borders and mass third immigration or economic ruin.

    Choose one, and choose wisely!

    THIS IS HOW WE WIN!!!!

  5. Duncan Idaho on Tue, 18th Feb 2020 8:23 pm 

    Dersh finally goes full MAGA
    https://digbysblog.net/2020/02/dersh-finally-goes-full-maga/

  6. Duncan Idaho on Tue, 18th Feb 2020 8:27 pm 

    John Bolton says President Trump “wasted two years” trying to make a peace deal with North Korea
    https://www.salon.com/2020/02/18/john-bolton-says-president-trump-wasted-two-years-trying-to-make-a-peace-deal-with-north-korea/
    Now, is this a bad or good thing?

  7. Davy on Tue, 18th Feb 2020 10:26 pm 

    Now, is this a bad or good thing?

    “Man, you libs treat Bolten like a god now that he has turned on Trump. LOL. It used to be the polar opposite. You guys really are something.”

    I think it was a good thing to try to negotiate with somebody as dangerous as North Korea. All presidents have tried none tried the personal approach. The differences might be too big to overcome with any approach. What might be the game changer with NK is the China virus. That may bring Kim to his knees and bring an opening up.

  8. Abraham van Helsing on Wed, 19th Feb 2020 3:38 am 

    Japanese newspaper has deconstructed (taken apart) a Tesla-3 and was surprised by the level of sophistication regarding its “full autonomous driving” capabilities:

    https://www.spiegel.de/auto/tesla-zerlegtes-model-3-offenbart-grossen-technologievorsprung-a-d89e14e3-769a-427c-bd0e-374140f23939

    Tesla has “6 years advance” over other car manufacturers, also because they do everything themselves. The decisive advantage lies in the computer and software.

    Toyota and VW produce 10 million cars per year, Tesla only 400,000. Yet Tesla has the largest market value.

    In other words, the Tesla-3 model is already capable of autonomous driving but government regulations are not there yet.

  9. Abraham van Helsing on Wed, 19th Feb 2020 3:52 am 

    Same is true for Europe and Japan. Looks like its open borders and mass third immigration or economic ruin.

    Choose one, and choose wisely!

    THIS IS HOW WE WIN!!!!

    The mobster tries to pretend he is concerned about the fate of said economies and immediately spoils that very transparent attempt by crying victory that the jews (“we”) are going to win with their One World open borders total race mixing ideology, ignoring that Asians (Chinese, Japanese) and also Russians and Eastern Europeans have ZERO inclination to embrace the “racism” lunacy.

    Mobster is right though, for morotious globalist and imperialist Anglos there is little hope indeed that they can avoid being demographically sidelined, too weak are their ethnic defense mechanisms.

    For continental Europe it is going to be a close call, but there are encouraging signs that, thanks to Brexit and Trump, at least we continental Europeans can escape from that racial-egalitarian neo-USSR called Anglosphere.

    https://www.theguardian.com/commentisfree/2019/sep/13/protecting-europe-migrants-far-right-eu-nationalism

    https://www.theguardian.com/world/2020/feb/13/european-court-under-fire-backing-spain-express-deportations

    https://www.aa.com.tr/en/europe/greece-s-illegal-pushback-of-refugees-caught-on-video/1672144

    European white nationalists should hope for brutal no-deal split between the EU and the UK and virtually kick the Brexit boat as far as possible into the Atlantic and set up a new Iron Curtain in the Channel and make a complete geopolitical U-turn towards Eurasia, the super continent of the mono-racial states and embrace the New Silk Road and cooperate with Russia and China to get rid of dollar transactions within Eurasia, which would cancel any US hegemonic aspirations once and for all, by kicking the US 40% GDP down the ladder.

Leave a Reply

Your email address will not be published. Required fields are marked *