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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: deep-water

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One day we will run out of oil, it is not today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us, and we have to prepare ourselves for that day. The earlier we start, the better, because all of our economic and social system is based on oil, so to change from that will take a lot of time and a lot of money and we should take this issue very seriously. [quoting Dr Fatih Birol, at that time the chief economist and now Executive Director at the International Energy Agency (IEA)] 

continue reading…

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We continue with an examination of the statements offered in a recent example of cherry-picked nonsense, an article entitled: “Earth Is An Oil-Producing Machine — We’re Not Running Out.” The fine art of misleading the uninformed…. continue reading…

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This is a second look at a recent Reuters article by John Kemp, which got me thinking that those who deny peak oil ought to be magicians.

The tactics are standard by now: Toss out some carefully massaged facts bearing the imprint of near-truths but without context (just to be continue reading…

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Several months ago, I discussed the issue of “Capex compression.” When decreasing oil industry revenues cannot keep up with the increasing exploration and production costs of unconventional resources such as deep-water and shale fields, investments decline. Not exactly rocket science…. continue reading…

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Happy New Year to all!

At the risk of starting a cat fight where truth may too quickly become a casualty, why don’t we more forcefully challenge those who deny peak continue reading…