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Peak Oil Matters

A fresh perspective on the concept of peak oil and the challenges we face

Archive

Archive for October, 2013

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[W]hy are petroleum prices so high? Although some commentators are quick to blame oil companies or speculators, the main factor keeping the price of oil above $100 a barrel is supply. Yes, OPEC frequently reminds us that the oil market is continue reading…

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An observation worth noting … and pondering, from the 2012 reportThe New American Oil Boom,” issued by the Energy Security Leadership Council (a project of Securing America’s Energy Future).

For decades, long-term energy security has routinely been defined in American political discourse as the attainment of  continue reading…

If you read nothing else about peak oil in these next few days, this article by the always-wonderful Charles P. Pierce is the one: continue reading…

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High value crude oil — the good stuff with 5.8 million BTU per barrel that we can make into diesel and gasoline and a million other things — has been generally holding on to a global production plateau since 2004. Global production will fall continue reading…

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An observation worth noting … and pondering, from Louis W. Allstadt * :

It will take masses of people demanding action from politicians to offset the huge amount of money that the industry is  continue reading…

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A new phrase has entered our energy lexicon—peak oil demand. The essential idea: prophets of doom who warned about a continue reading…

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An observation worth noting … and pondering, from Arthur Berman:

The EIA estimates that U.S. crude oil production will increase to nearly eight million barrels per day by 2020 and then decline. Present consumption is almost 15.5 million barrels per day. If EIA is correct, the United States will still have to import about seven million barrels per day allowing for demand decline, and that does not look like energy independence to me. continue reading…

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What is that mysterious concoction being shot underground into the shale rock, and how can it not be dangerous? Fears over pollution and contamination of drinking water and the environment from fracking fluid seem to stem from a lack of  continue reading…

 

I’m passing along some useful/informative Peak Oil-related articles of note which crossed my desk this past week… in case you missed them! continue reading…

 

 

 

 

 

 

 

An observation worth noting … and pondering, from Steve LeVine

If Montana is a microcosm of the world, one message to glean is that we are not in the midst of a decades-long flood of oil supply in the United States, as many suggest. Instead, the red lights are blinking across the exuberant U.S. oil patch. As  continue reading…