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Peak Oil Matters

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

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Tag: debt

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This is a third look at one of this year’s better features on the subject of peak oil: an article by John Kaufmann entitled: The Energy Independence Illusion. It’s an excellent read [adapted from a presentation to the World Affairs Council of Oregon this past March] for anyone interested in this topic. [Any quotes here are from that article unless noted otherwise.]
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Recently, in challenging contentions I had raised, “RGR”—an otherwise unnamed commenter (a petroleum engineer, if I understood correctly)—offered this: continue reading…

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It’s been quite a while—several years, actually, since my last post on transportation issues. But it’s still as important as ever; more so, if that’s possible. More than 90% of all transportation systems depend on fossil fuels—oil and gasoline, specifically. continue reading…

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In recent months, Gail Tverberg in particular, along with Steven Kopits and Ron Patterson, have examined both the financial and production continue reading…

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[I]f crude oil had not peaked and the price of oil remained at around $25 per barrel, the US would be spending around $1.5 billion less per day on oil, or $543 billion less per year. Most importantly, however, the US would be spending almost $600 million less per day on oil imports, or $216 billion less per year. continue reading…

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Gail Tverberg shares some of the most insightful observations about the connection between economic growth and energy. In an article posted at her website several weeks, she raised issues which are too often shunted aside in the primary debate of  continue reading…

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I recently came across PERFECT STORM – ENERGY, FINANCE, AND THE END OF GROWTH. It’s a well-written and thoroughly-researched 2013 report issued by Tullet Prebon, a British financial services firm (in the wholesale financial and energy sectors), authored by Dr. Tim Morgan, Global Head of Research. continue reading…

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It is unfortunate, however, that we cannot look at the real problem. Unless we can understand the problem as it really is, it is impossible to find solutions that might actually be helpful. [1] continue reading…

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ECONOMIC REALITY

 

We need high oil prices to keep oil extraction up, but as we reach diminishing returns with respect to oil extraction, oil prices don’t rise high continue reading…