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Explaining Peak Oil the Easy Way

Explaining Peak Oil the Easy Way thumbnail

(This translates a slightly different article previously posted in Spansih at the author’s blog, The Oil Crash. Translation by Fabricants de Futur.)

A reader has written to me to say that she does not completely understand if we have a serious problem with oil or not, and I have written her a long explanation which I think is worth sharing. That’s the story.

What is Peak Oil?

Hubbert’s curve which show theoretical extraction from a single oil well, or all oil wells in the World. Source: Wikimedia Commons.

A recurring topic in these discussions is the confusion between resources and production. Let me explain.

In the world today there exist enormous, I might even say vast, resources of liquid hydrocarbons (a more appropriate name than oil, because it involves many diverse substances which are not completely equivalent).

If we take a look at just conventional crude oil, there is enough to supply current consumption for about 30 years.

If we include the extraheavy oils (bitumen), there is enough to cover current consumption for a century.

If we include the resources contained by the lutitites and similar formations (shale oil which is extracted by fracking) there is enough to fuel current consumption for more than two centuries.

Intuitive conclusion: there is no problem with oil, or at least not an urgent one. Right?

This is how the mass media sees it, and that is the reason why I decided to create The Oil Crash blog.

What is the reality?

The reality is that it does not matter how much there may be in the subsoil, but the rate at which you can extract it. In other words, what is the production going to be? I will give you an example.

Imagine you are thirsty and want to drink some water. I tell you that there is a glass of water available.

Possibility 1: There is a glass full of water. You take it and you drink it. This is what the world has done with oil since the 19thC up until 1970.

Possiblility 2: The water is spread over a smooth surface. You take a straw and, with a lot more effort than in the previous case, you manage to drink the water. This is what the world has done with oil since 1970 up until 2000.

Possibility 3: The water is mixed with sand. You have to heat up the sand in a watertight container, condense the water which might evaporate and which ends up in the glass via a distillery, and then you must wait for it to cool down. The process is not perfect, part of the water never evaporates from the sand and part is lost because it comes out of the end of the distillery in the form of gas or it evaporates from the glass because it is still quite hot, and so you recover 2/3 of the original glass. Moreover, the process is really slow and creates a lot of heat, so you feel even more thirsty and the process never takes your thirst away. This is what the world has done with oil from 2000 until 2010.

Possibility 4: There is no liquid water, but I tell you that you can condense it in the air. It is a very slow and inefficient process, but you are thirsty and you have to find water from somewhere. The problem is that you have to keep drinking but the relative humidity of the room keeps going down. There is still a lot of water in the air, but it is extracted more and more slowly each time. You could build a mega-machine in order to “dry out all the air” in one go, but you don’t actually have the resources to do that, so in fact you have to make do with what you have. This is what is happening with oil since 2010.

Obviously, in the real world we have a mixture of the 4 possibilities, from simple oilfield extraction (possibility 1) to the ludicrously expensive oilfield extraction (possibility 4), however as time goes by the simple oilfields are running dry and we are finding ourselves left with the more complicated oilfields.

From time to time you come across economists who tell you, ok, that’s true, but by investing more money and with advances in technology those possibility 4 oilfields will be made profitable and quick. That is a lie. The problem is not the economic profitability of the oilfields but the energetic profitability (in other words, how much energy is gained for every unit of energy expended in obtaining it). If you spend more energy than you manage to extract, then forget it, this extraction will not be energetically profitable and will not therefore be economically profitable for obvious reasons. If you only gain a little bit of energy, then the extraction will certainly not be economically profitable, because there are other costs. In order for an oilfield to be worth extracting, practically, you have to gain much more energy than you spend. And as for technology, the thermodynamics set the limits on the yield given by the processes, limits which you cannot go beyond, and we are already far too close to those limits. There are no big improvements to hope for (there will be improvements, undoubtedly, but they will not be big).

This is the situation we are in now. The liquid hydrocarbon deposits which we have left are bad quality and it is difficult to extract the oil from them. For this reason, oil production will not now increase and will probably fall sharply in the next few years. Oil is not going to finish in 30 years, nor 100, nor 200: it will be here for many more centuries. What will happen is that we will have less of it available as each year passes. When I give a talk I always say that the situation is similar to a person who keeps having their wages reduced. In the beginning they earn £2,000 a month and they’re fine, unworried. Next year their wage is lowered to £1,800 a month and, ok, things are still fine. In the next year their wage is lowered to 1,600 and the person starts to get annoyed. The following year it’s lowered to 1,400, and the next it’s lowered to 1,200, then 1,100, then 1,000, then 900, then 850, then 800, then 775… They never stop receiving their wages, but with what they are earning, life gets more and more difficult. This is our situation: our energy wage is going to get smaller and smaller with each year and we will have to learn to live with less and less.

Don’t expect a breaking point, things are not going to change radically overnight, rather there will be a gradual fall, however not exactly a slow one. There will be times with disruptions, with sharper falls, but in general the process will be fairly even and will take place over decades. However, in all events, the coming decade will be quite critical. And so, if you have understood what I have told you, you will know that we do indeed need to worry about the problem of resources.

Explaining Peak Oil the Easy Way

Demian Morassi

15 15 15

42 Comments on "Explaining Peak Oil the Easy Way"

  1. TIKIMAN on Sun, 15th Dec 2019 8:44 am 

    If you don’t understand peak oil you may be fucked in the head.

  2. John on Sun, 15th Dec 2019 9:01 am 

    Will peak oil actually matter?

    In the next 5 years car companies will be selling 100 more fully electric models.

    Today electric cars start at £20,000 and ones with higher ranges of 300 miles are now selling for £30 to £35 thousand. In a few years these second hand cars will be selling for £15,000.

    Electric cars have the potential to reduce global oil consumption by half. Electric and hydrogen trucks would reduce this by another quarter. Peak oil is not the threat it was 10 years ago.
    This will upset Ron, after spending so much time on the subject.

  3. PeakOilDemandIsBS on Sun, 15th Dec 2019 9:24 am 

    “Electric cars have the potential to reduce global oil consumption by half. Electric and hydrogen trucks would reduce this by another quarter. Peak oil is not the threat it was 10 years ago.”

    Yea just say bye-bye to your lithium, cobalt, common sense, nickel, and dozens of other rare earth minerals. “Potential”, yea I have the “potential” to win the lotto if I play it enough too, doesn’t mean shit.

  4. Jeff BATTISTINI on Sun, 15th Dec 2019 9:46 am 

    “Electric cars have the potential to reduce global oil consumption by half. Electric and hydrogen trucks would reduce this by another quarter. Peak oil is not the threat it was 10 years ago.”
    Electric battery is NOT A SOURCE OF ENERGY, it is an ENERGY TANK. So you need TO PRODUCE ELECTRICITY with say… oil, gas and coal (a little bit uranium).
    Oh, I forgot to mention lithium and rare earth elements needed for the battery are not infinite! Anyway…

  5. John on Sun, 15th Dec 2019 10:32 am 

    PeakOilDemandIsBS on Sun

    who give a fuck what you think

  6. Davy on Sun, 15th Dec 2019 10:48 am 

    ““Potential”, yea I have the “potential” to win the lotto if I play it enough too, doesn’t mean shit.“

    That’s write stupid. It doesn’t meen shit. It means potential.


  7. PeakOilDemandIsBS on Sun, 15th Dec 2019 1:17 pm 

    “who give a fuck what you think”

    Apparently you because you responded. Lol.

    “That’s write stupid. It doesn’t meen shit. It means potential.”

    Wrong. Do your homework for once instead of putting your dunce cap on. There’s no future for electric cars and no potential.

  8. JuanP on Sun, 15th Dec 2019 1:28 pm 

    “DumbfuckPeakOilDemandIsBS on Sun, 15th Dec 2019 1:17 pm “who give a fuck what you think”

    Oops, sorry I use fuck when I am triggered

  9. dave thompson on Sun, 15th Dec 2019 2:17 pm 

    Just remember that because one part of the world is using electric cars it does not mean that the gasoline is no longer burned. All electric cars allow for is that the gasoline is sold and burned elsewhere in the world to people that still drive gasoline burning cars.

  10. Anonymouse on Sun, 15th Dec 2019 2:47 pm 

    Exactly Dave. But there is more to the story. EV’s are made from fossil fuels themselves. Their tires, there motors, all of its component parts. So are the roadways they are going to drive on. Law enforcement, signalling, administration, disposal, etc, everything connected to the entire EV life
    and poer cycle, is powered by FF. So, yes, the EV does not consume FF directly itself, and thats nice and all, but, indirectly, the EV will still consume plenty of fossil-fuels over its lifetime. The oily cartel knows this full well, even if EV fanboys do not.

    EVs are not going to put the oil business out of the oil business no matter how many internet bloggers gloat over how EVs will be the death of the oil industry.

  11. Davy on Sun, 15th Dec 2019 3:21 pm 

    I am JuanP. And JuanP is me.

  12. JuanP is stupid on Sun, 15th Dec 2019 3:22 pm 

    Stupid is on a roll today impersonating whoever even his best friend the turd breath annoymouse

    This is stupid
    Anonymouse said Exactly Dave. But there is more to the story. EV&#…

    full woke supremacist muzzies jerk I love cats I love every kind of cats I want to hug cats but I can’t hug all cats. so anyway Im a cats lover and I love to run sorry im being emotional im thinking about cats again said I’m vary sry that I drove supertard rock awa…

    Davy said I’m Juan, Annoymouse. dumbass

  13. JuanP on Sun, 15th Dec 2019 3:25 pm 

    Liberal turd blossom

    “Schiff, Nadler Insist Impeachment “Not A Failure” Despite Plunge In Public Support, Interest” zero hedge

    “No matter what the Democrats do to try and juice up some public hysteria about the impeachment process – from delaying votes to ‘prime-time’ to conjuring images of Trump holding Zelensky’s daughter hostage in the basement of The White House – it appears both public interest, and more importantly public support, for the impeachment of President Trump is slumping. In the latest sign that Democrats are losing the public’s interest, Axios reports that The level of readers’ engagement on stories about impeachment has steeply declined since September, according to data from NewsWhip.”

  14. Davy on Sun, 15th Dec 2019 5:05 pm 

    Don’t call me stupid JuanP.

    I get REAL angry that everyone always calls me stupid all the time.


  15. JuanP on Sun, 15th Dec 2019 5:10 pm 

    Im stupid but educated cuss i gots a GED.

  16. JuanP on Sun, 15th Dec 2019 5:16 pm 

    More liberal turd blossoms

    Second Damning FBI Lie About Carter Page Revealed In IG Report: Sperry
    Thanks to the DOJ Inspector General report on FBI surveillance abuses, we now know that the agency didn’t just lie about former Trump campaign aide Carter Page – they fabricated evidence to obtain a surveillance warrant, excluding the fact that he had worked with the CIA. But wait, there’s more! Thanks to a deep dive into the IG report, the Mueller report, and interviews with Trump campaign officials, RealClearInvestigations’ Paul Sperry has found another fraud on the American public perpetrated by James Comey’s FBI: The agency, as well as Special Counsel Robert Mueller, knew full well that Page wasn’t “an agent of Russia,” and that he had no role in gutting a pro-Russia / anti-Ukraine GOP platform plank at the 2016 convention. Strap in, Sperry goes deep on this one. Authored by Paul Sperry via RealClearInvestigations (emphasis ours) The FBI and Special Counsel Robert Mueller repeatedly kept alive a damning narrative that investigators knew to be false: namely, that a junior Trump campaign aide as a favor to the Kremlin had “gutted” an anti-Russia and pro-Ukraine plank in the Republican Party platform at the GOP’s 2016 convention. Federal authorities used this claim to help secure spy warrants on the aide in question, Carter Page, suggesting to the court that he was “an agent of Russia” – even though investigators knew that Page was working for U.S., not Russian, intelligence, and that they had learned from witnesses, emails and other evidence that Page had no role in drafting the Ukraine platform plank. The revelation is buried in the Justice Department watchdog’s just-released report on FISA surveillance abuses. RealClearInvestigations fleshed out this unreported story with footnotes from the Mueller report and exclusive interviews with Trump campaign officials who worked on the convention platform.

  17. JuanP on Sun, 15th Dec 2019 6:17 pm 

    King turd blossom

    ‘You Need Rehabilitation’: Nunes Letter Dismantles Schiff Over FISA Lies, Stroking Steele, And Participating In Coverup
    “As part of your rehabilitation, it’s crucial that you admit you have a problem – you are hijacking the Intelligence Committee for political purposes while excusing and covering up intelligence agency abuses.” -Devin Nunes to Adam Schiff… Nunes isn’t letting this go. In a Sunday letter, he reminded Schiff that “The IG’s findings of pervasive, major abuses by the FBI dramatically contradict the assertions of your memo released on February 24, 2018, in which you claimed, “FBI and DOJ officials did not ‘abuse’ the Foreign Intelligence Surveillance Act (FISA) process, omit material information, or subvert this vital tool to spy on the Trump Campaign.”… Next, Nunes accused Schiff of participating in a coverup: As is clear from the 16 report, Carter Page was the victim of a smear campaign that was funded by the Democratic National Committee and the Hillary Clinton campaign and was implemented by Christopher Steele and Fusion GPS. The FBI used these false allegations to obtain a warrant to spy on Page, a gross violation of an American citizen’s civil liberties. Your direct participation in the smear campaign against Page is extremely concerning. considering you are chairman of the committee responsible for uncovering precisely these sorts of abuses by the Intelligence Community. Instead of joining committee Republicans in exposing these abuses, however, you excused them. And by supporting the agencies’ stonewalling of our attempts to gather information on this affair, you helped cover up this misconduct…

  18. Duncan Idaho on Sun, 15th Dec 2019 6:55 pm 

    The Fat Boy had to pay up:
    “This week, Donald Trump paid a total of $2 million to eight charities. Not because he wanted to, but because last month—in a lawsuit brought by New York’s previous attorney general—a judge ruled that he had to pay this, as a penalty for using the Donald J. Trump Foundation as a personal piggy bank.

    Even more extraordinary, however, are the broader terms of the court settlement, which make it clear that the president and his three oldest children—who were all foundation officials—are con artists who can’t be trusted with other people’s dollars. If Trump ever wants to take part in charity work in New York State again, he will only be able to do so under special supervision. Attorney General Letitia James’s office also announced that Donald Jr., Ivanka, and Eric Trump have been put through “compulsory training to ensure this type of illegal activity never takes place again.”

    Support our mission-driven journalism by purchasing a Nation 2020 full-color wall calendar.

    In normal times, a court ruling that the president is a grifter who can’t be trusted to run his own charity would have gotten rather a lot of attention. But in a time of Noise—an attorney general deliberately misstating the findings of his own inspector general’s report, the president tweeting insults at his own FBI director, yet another Nuremberg-styled Trump rally on Tuesday, and so on—the story got largely pushed to one side.”

  19. More Davy Childish ID Theft on Sun, 15th Dec 2019 7:11 pm 

    Only the DavySkum cites Zero IQ as a “source”.

    JuanP on Sun, 15th Dec 2019 5:16 pm

    JuanP on Sun, 15th Dec 2019 6:17 pm

  20. Davy on Sun, 15th Dec 2019 7:14 pm 

    Trump Criminal Conspiracy Update:

    So far, 36 Trump advisors and affiliates and three companies have been found guilty and are awaiting prison sentencing.

    Just last week, longtime Trump confidant, Roger Stone, was found guilty on all seven criminal counts by a jury including perjury, obstruction of justice, falsifying evidence, and other high crimes.

    If you also count investigations that Mueller originated but then referred elsewhere in the Justice Department, you can add a plea deal from one more person to the list.

    It’s a sprawling criminal conspiracy, encompassing both election interference charges against overseas Russians, and various other crimes by American Trump advisers.

  21. full woke supremacist muzzies jerk i knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed giveaway on Sun, 15th Dec 2019 7:20 pm 

    this is my master treaties. i don’t waste time on this forum. it’s lame.
    this treatise is about love above. it’s love for muzzies. this is a peculiar kind of love for 7th century muzzies whose mode of transporation are magic carpets and camels like ann coulter said. thse muzzes are supremciast the best of humanity allah has created.

    muzzie bribe went with isis to make babies and now want to go back. what the world going to. this is ok but supertard big muzzie beard SAWS swt pbuh is banned from UK and harrassed by AA.

    supertard big muzzie beard SAWS pbuh swt reported muzzies in ger comprise of 40% of jizya payment to the tune of 4 billion euros per month. with that money they could go REAL GREEN or FAKE GREEN, it doesn’t matter that would’d been prosperious without the rapey rapey and stabby muzzies. The scale of jizya is incredible. it’s all out in the open if you just listen to the UK muzzie andy choudary.

    muzzie did london bridge 2 years ago and wore fake suicide vests because allah said kill and be kiled to get virgins, a sort of twisted suicide by cops. then muzzie did london bridge again and fake suicide vest. ht whitey supertard david wood.

    while i drove supertard rock away (i’m glad he’s back now and i apologized profusely) muzzie died like a dog died. muzzie died like a dog is not a muzzie but was burried at sea as a muzzie. muzzie died like a dog is not a dog, not a muzzie either. muzzie died like a dog burried as a muzzie.

    when i heard whitey trump used low english, it occured to me it’s a neglected form of communication and worthy of promotion. i immediately recognize genius trump and promoted him to whitey supertard trump (muzzies died like a dog). low english is something long leggged mack daddy can’t use because he thinks it would damage his high educaiton as supertard pastor manning said.

    then officer sean colier was killed by muzzie and mit scrubbed all info about muzzies on his memorial page. i also covered muzzie akbar sayeed who used low english consistently with doctrine supremacist muzzies used on infidels. whitey supertard john brady killed himself as result. awarding supertard title is only rare cases posthumously and was done by the univeristy. there are only 2 entities who can award supetard title and that’s me and the university of whitey supertard john brady.

    muzzie sabotage airliner and got loved 1000x in the form of reporting of “union dispute”. supertard big muzzie beard SAWS pbuh swtreported it’s actually jihad.

    Then in astralia muzzie with big grin and smug looking face with a hat and meat grinder practically begged to be amputated and put on muzzie hamster wheel. cops love him 100000x more and are puzzled why he did this. i’m scratching my head too which has thinning hair

    Muzzie in NZ allah acbar and went after cop with axe. Cops loved muzzie 10000x love conquer all. No tweet AOC SAWS pbuh swt , not siri Lanka, not when muzzie shot 6 cops on philadelphia. 25 billion tweet on Christchurch though

    then there we deceptions of deep green, real green, deep deep green, fake fake green, and all the permutations of green. when AOC SAWS pbuh swt – (ZOMG i’m amazed at the technology in a sink food grinder) failed, the greta SAWS pbuh swt deception kicked in. I belived everything even the fantastic flying goat story.

    for many years, centuries, million, quadrillion of years since (((supremetard))) SAWS pbuh swt created heaven and earth and before supertards SAWS pbuh swt big muzzie beard and glenn roberts put up web sites, i warned tards and supertards about muzzies.

    i made no progress sort of like banging head against concrete, concrete wins everytime

    but then i “reverted” to a supremacist muzzie jerk and I’m the best of humanity allah has created. i wear a muzzie dress and i pee sitting down holding up the bathroom line. this made supertard SAWS pbuh swt have bladder infection but the love for muzzies only intensified.

    and now i have superpower, big goat SAWS pbuh swt is feeling intense heat. all stops are pulled it seems – even supertard Robert Inget the controlled libtard opposition is deployed to censor me. but uppertard SAWS pbuh swt is not going to destroy free speech for someones love of muzzie. supertard SIS SAWS pbuh swt dropped the appeal and that’s final. it’s now as good as case law. supertard SIS SAWS pbuh is back being occupied with his bunker and learjet and auto keltecs and he said absolutely do not bother him. so it’s set in stone that uppertard SAWS swt pbuh is not going to modify this forum

  22. JuanP is stupid on Sun, 15th Dec 2019 7:21 pm 

    more stupidity from th board lunatic

    This is obviously stupid:
    Davy said Trump Criminal Conspiracy Update: So far, 36 Trump…

    More Davy Childish ID Theft said Only the DavySkum cites Zero IQ as a “source… said DavySkum: “I did not post the above. when I…

    Davy approves this message said DavyTurd Blossom, the nutter clown, on full displa…

  23. JuanP on Sun, 15th Dec 2019 7:22 pm 

    “The Fat Boy had to pay up:
    “This week, Donald Trump paid a total of $2 million to eight charities. Not because he wanted to, but because last month—in a lawsuit brought by New York’s previous attorney general—a judge ruled that he had to pay this, as a penalty for using the Donald J. Trump Foundation as a personal piggy bank.”

    It would be nice Duncan if you had a link to follow??

  24. DerHundistLos on Sun, 15th Dec 2019 9:59 pm 


    “Trump Ordered to Pay $2 Million Fine for Misuse of Charitable Funds”

    Good God, just when I thought I had seen everything, Trump is convicted of embezzling charitable funds for his personal benefit.

  25. DerHundistLos on Sun, 15th Dec 2019 10:01 pm 

    A link to follow, Davy?

    Are you incapable of typing the information into your browser?

    NEW YORK (AP) — A judge Thursday ordered President Donald Trump to pay $2 million to an array of charities as a fine for misusing his own charitable foundation to further his political and business interests.

  26. DerHundistLos on Sun, 15th Dec 2019 10:04 pm 

    And (AP) is an abbreviation for Associated Press, not to be confused with Zero Hedge.

  27. full woke supremacist muzzies jerk i knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed giveaway on Sun, 15th Dec 2019 10:42 pm 

    Wb supertard der I’m sorry I drove you away you don’t have to show photos

  28. Davy on Mon, 16th Dec 2019 12:06 am 

    Your our most favorite of all our arch enemies in the hole wide world der. We hate you the least of all our enemies on this lame unmoderated forum.


  29. full woke supremacist muzzies jerk whoah double rainbow all the way across the sky so intense it begins to look like a triple rainbow OMG what does it mean WDIM omg on Mon, 16th Dec 2019 12:58 am 

    Davy on Mon, 16th Dec 2019 12:06 am
    Above not supertard obv. There are too many muzzies and muzzies lovers here
    When I’m bored I go a riding in my magic carpet

  30. full woke supremacist muzzies jerk whoah double rainbow all the way across the sky so intense it begins to look like a triple rainbow OMG what does it mean WDIM omg on Mon, 16th Dec 2019 2:07 am 

    Please UK engineers try hard to understand this muzzie anti rape machine. Brexit is around corner and all those muzzies need to be in muzzie anti rape machine

    Guys just forget every. Just make a big tube. That’s all I’m teaching you guys today

  31. Davy on Mon, 16th Dec 2019 5:22 am 

    “Former CIA Spook: Eric Holder Just Revealed That The “Deep State Is Running Scared” usa watchdog

    “Former CIA officer and counter-intelligence expert Kevin Shipp says that former Obama Administration Attorney General (AG) Eric Holder gave a big Deep State panic signal when he wrote in an Op-Ed last week in the Washington Post trashing current AG William Barr and his top prosecutor John Durham. Shipp explains… They (Deep State) are convinced there are going to be indictments. Secondly, there is AG Barr’s outrage over (IG) Horowitz’s report and what it did not do. He made statements that there was spying and actions by government officials that need to be criminally looked into. Barr’s outrage over this shows me that there are going to be indictments, and that he is taking this seriously. Again, when Holder comes out and puts out this bombshell in the Washington Post, which is another indication that indictments are coming. John Brennan, former Obama Administration CIA Director, is going to be at the top of the list… Shipp says during the entire Trump Presidency, the mainstream media (MSM) has operated as a propaganda arm of the Deep State and the Democrats. Shipp contends, “They put these stories out intentionally because they are creating their own story, and that is what the propaganda mainstream media does. It creates its own story…They want to frame their latest story that there really wasn’t any spying on Trump. That’s what FISA warrants and applications are all about. They are all about spying.” Shipp thinks this will be a big nail in the coffin of the MSM. Shipp says, “The mainstream media will never come back from this… “…because finally, through shows like this and others, the real information is coming out as to what the mainstream media has done. At the top of that list is the New York Times, the Washington Post, CNN and MSNBC…What they did is they created the Russia collusion story as if it was reality, as if it was real. That is part of the procedure in doing this. Then, they invented the evidence, and that was the Steele Dossier. They portrayed this as evidence to create this false narrative. Then they sent this story out to each outlet, and all repeat the same story over and over and over again knowing the more they repeat it, the more people were going to believe it. Then, the FBI leaked information to the mainstream media. The FBI took that information leaked to the media and used their stories as evidence. Brennan leaked the dossier to the mainstream media as part of this whole machine.”

  32. Davy on Mon, 16th Dec 2019 5:30 am 

    “Great Slowdown” – Indian Economy Headed Towards ICU, Warns Former Economic Official” zero hedge

    “The former Indian Chief Economic Adviser Arvind Subramanian warned that the Indian economy is headed for increased financial hardships, reported Business Today. Subramanian said the country’s current economic slowdown is considered a “Great Slowdown.” He suggested that the economy is headed towards an “intensive care unit,” referencing how the economy is on life support. He warned that the second wave of twin balance sheet (TBS) crises is crushing the economy, which will develop into an even more massive crisis, expected to unfold in the year ahead. “Look at electricity generation growth, it’s falling off the bottom, and it’s never been like this ever. So this is the sense in which I would say this is not just any slowdown, this is the great slowdown that India is experiencing and we should look at it with all seriousness …and the economy seems headed for the intensive care unit,” Subramanian said during a conference at Harvard University’s Centre for International Development.”

  33. REAL Green on Mon, 16th Dec 2019 6:17 am 

    “Global demand for food to soar 80 per cent by 2100, scientists warn” yahoo

    “Bigger people and growing populations could mean the world may soon face such an increase in demand for food, suppliers may be unable to keep up, scientists have warned. A rising Body Mass Index (BMI), which evaluates weight in relation to height, alongside increasing body heights across most countries, are leading to a marked increase in global calorie requirements. A study by academics at the University of Göttingen, which forecasts how calorific intake could change between 2010 and 2100, estimates global food consumption could rise by 80 per cent by the end of the century. The vast majority – 60 per cent of the increase – would be due to population growth. Even if height and BMI remained static, demand for food is forecast to surge. But a further 20 per cent rise in demand will be due to the greater quantity of food required by larger humans”

    “By 2100, Five Of The Ten Biggest Countries In The World Will Be In Africa” statista chart

  34. REAL Green on Mon, 16th Dec 2019 6:18 am 

    These reports represent multiple issue we are seeing with population overshoot and that is as people eat better, they grow larger and need even more calories. This makes population growth even more destructive. What this shows if your follow the honest science of planetary decline and human economic stagnation is a day of reckoning is close. A similar situation is also present with energy and water and these are intricately tied to food. Farming productivity is stalling even without the effects of climate and the global water crisis. Climate and the global water crisis are just now starting to be felt but the stalling of what mankind can grow with industrial agriculture is now fully evident.

    There are diminishing returns to industrial farming with monocultures and energy intensive processing and marketing of these products. There is an economic limit to fund this. There is also an economic limit to how much food in regards to cost can be consumed by large populations. Quality foods is often not healthy and efficient food. Canned soda is actually a drug not really food and it is expensive. We are seeing crisis situations with industrial animal production. We are seeing the marine environment in general decline and localized failure. There is no good news in regards to food. Lab grown food is a joke. Eating plants and insects is a joke in regards to increasing food calories. The world is already neatly defined as to what food can be produced. Grazing land can’t support vegetables. Populations can shift to more grains and less grain fed meat for a while. We can start growing things locally to make up some of the difference but these are just efforts around the edges.

    The amount of population growth and the fact affluent people eat more because of size and taste means the needed food calories called for by human desire, size, and population growth will hit hard limits very soon. This is even more pronounced if we have a severe decline in economic activity and world trade. This combined with a worsening climate and the death of vital ecosystems that provide wild food all spell the end of this statistical madness of huge populations that are affluent. Those who care should make some kind of effort to produce food locally or they should learn a skill that translates into a local need. The reason for this is the clash is coming between human growth and planetary realities. This has been talked about endlessly by some and dismissed by others. The honest science of the numbers paints a bleak picture. The rich should not dismiss this process either because an economic drop will mean their consumption levels will be at risk. Many of the rich have little experience with the hard labor of raising food. The rich also have little experience eating food that the poor eat.

  35. REAL Green on Mon, 16th Dec 2019 6:29 am 

    “Chinese trade in hides has led to global donkey massacre” science mag

    “Amy McLean has always had a soft spot for long ears. The animal scientist at the University of California, Davis, grew up on a Georgia farm that bred donkeys and mules and has competed in mule riding world championships. Now, she studies donkey behavior and cognition, and she knows that despite popular negative stereotypes, donkeys are “highly intelligent and highly sensitive.” No wonder she calls the current plight of the world’s donkeys “horrific.” Over the past 6 years, Chinese traders have been buying the hides of millions of butchered donkeys (Equus asinus) from developing countries and shipping them to China, where they’re used to manufacture ejiao, a traditional Chinese medicine. The trade has led to an animal welfare nightmare, along with a threat to donkey populations, the severity of which is only now emerging. Without drastic measures, the number of donkeys worldwide will drop by half within 5 years, according to a 21 November report by the Donkey Sanctuary, an international equine welfare charity based in Sidmouth, U.K. The crisis threatens many of the world’s rarer donkey breeds and a vital means of transport for the poor…For donkey owners, selling their animal means quick cash—now more than $200 in parts of Africa—but it’s often a shortsighted deal: The report estimates that working donkeys support the livelihood of half a billion people by carrying people and goods to markets, schools, and health clinics. Losing donkeys means “the people become the donkey again,” McLean says. Women most often shoulder that burden.”

  36. full woke supremacist muzzies jerk whoah double rainbow all the way across the sky so intense it begins to look like a triple rainbow OMG what does it mean WDIM omg on Mon, 16th Dec 2019 8:51 am 

    Brexit will happen and uk need to sell supremacist muzzies to me $1 unamputated .50$ amputated. China can do it I’ll beat them and make bigger profits

  37. full woke supremacist muzzies jerk whoah double rainbow all the way across the sky so intense it begins to look like a triple rainbow OMG what does it mean WDIM omg on Mon, 16th Dec 2019 8:53 am 

    Sharia for uk muzzies.
    Every muzzies in uk have stolen from uk jizya
    And whole lot of other crimes.

  38. Robert Inget on Mon, 16th Dec 2019 11:29 am 

    Saudi Arabia’s biggest oil field is fading faster than anyone guessed
    Ghawar is able to pump a maximum of 3.8 million barrels a day — well below the more than 5 million that had become conventional wisdom in the market

    An oil field in Saudi Arabia. The Saudis say some of its reserves — about a fifth of the total — have been drilled so systematically over nearly a century that more than 40 per cent of their oil has been already extracted.John Moore/AP Photo files
    Bloomberg News

    Saudi Arabia oil giant’s $111.1 billion profit beats Apple, Shell and Exxon Mobil combined, first glimpse of finances reveals
    SNC-Lavalin plummets on oil and gas headwinds in Saudi Arabia, and mining problem
    Canadian and Saudi production cuts are leaving the world hungry for heavy crude
    It was a state secret and the source of a kingdom’s riches. It was so important that U.S. military planners once debated how to seize it by force. For oil traders, it was a source of endless speculation.

    Now the market finally knows: Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed.

    When Saudi Aramco on Monday published its first ever profit figures since its nationalization nearly 40 years ago, it also lifted the veil of secrecy around its mega oil fields. The company’s bond prospectus revealed that Ghawar is able to pump a maximum of 3.8 million barrels a day — well below the more than 5 million that had become conventional wisdom in the market.

    Saudi Arabia oil giant’s $111.1 billion profit beats Apple, Shell and Exxon Mobil combined, first glimpse of finances reveals
    In five years, U.S. oil exports will overtake Russia and close in on Saudi Arabia, IEA predicts
    From worn-out sandlot to ‘bursting with production,’ Texas monster field revives U.S. oil fortunes

    “As Saudi’s largest field, a surprisingly low production capacity figure from Ghawar is the stand-out of the report,” said Virendra Chauhan, head of upstream at consultant Energy Aspects Ltd. in Singapore.

    The Energy Information Administration, a U.S. government body that provides statistical information and often is used as a benchmark by the oil market, listed Ghawar’s production capacity at 5.8 million barrels a day in 2017. Aramco, in a presentation in Washington in 2004 when it tried to debunk the “peak oil” supply theories of the late U.S. oil banker Matt Simmons, also said the field was pumping more than 5 million barrels a day, and had been doing so since at least the previous decade.

  39. Robert Inget on Mon, 16th Dec 2019 11:34 am 

    I predict Ghawar waters out in 2020.*
    IOW’s Aramco shares lose half their value.

    * Pumps more water than oil. Prelude to no oil, just water.

  40. Duncan Idaho on Mon, 16th Dec 2019 11:43 am 

    Ghawar is actually 5 sections.
    I agree the upper 3 are in decline, but the lower 2 are still intact.
    But 5 million barrels a day is probably in the rear view mirror.

  41. Demián Morassi on Fri, 3rd Jan 2020 8:52 am 

    There is an error, the text was written by Antonio Turiel (from the blog The Oil Crash)… The illustration is mine (Demián Morassi)

  42. Fabricants de Futur on Sun, 5th Jan 2020 6:41 am 

    hello, I am the translator of this article, my name is Amelia Burke, from Fabricants de Futur. The author is Antonio Turiel Martínez. Please can you correct this!
    Many thanks

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