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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: financing

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One might argue that statistics nearly two years old don’t tell much of a story, but it’s not the numbers in the following quote which matter so much as it is the underlying context and concerns. Those consideration won’t go away. [Production issues since this article was first published aren’t exactly changing the facts much, either.]

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Recent publications featuring the impressive tales of the billions made by oil industry entrepreneurs does have a certain appeal to it, whether one is a cynic or fawning admirer. The levels of success and wealth enjoyed by those few—ignoring the not-always idealistic paths ushering continue reading…

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[O]ne thing is clear: Oil production is getting much more costly as easy-to-access fields are drilled dry, and new production is reliant on more difficult and costly extraction for the fossil fuel. 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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In order to break the addiction to oil, economies dependent on oil will need to invest huge amounts of money and energy in building new social and economic infrastructures that are not so heavily dependent on oil (e.g. efficient public transport systems to continue reading…

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Given that shale oil production is, in fact, currently doing the most to meet growing oil demand, any shale oil ‘bust’ is likely to have significant implications for an already-strained oil market. [1] continue reading…

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Most authors accept that conventional oil resources are at an advanced stage of depletion and that liquid fuels will become more expensive and increasingly scarce. The tight oil ‘revolution’ has provided some short-term relief, but seems unlikely to make a  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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Without a serious revisiting of the questionable optimism that dominates any dialogue related to longer-term world oil supplies, without a harshly realistic scrub of the facts, we face unnecessarily large energy policy risks. [1]  continue reading…