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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: profits

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Of course it’s threatening to think that our lifestyles, systems of governing, and capitalist processes themselves may all face drastic changes in the not-too-distant future because of the facts and reality of Peak Oil and climate change! I’m certainly not the poster-child for Peak Oil advocacy and lifestyles. I have a very nice, capitalist, well-to-do lifestyle. To hell with all of you, I don’t want MY life to change!

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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A few more thoughts on the excellent report by Deborah Rogers: Shale and Wall Street: Was The Decline In Natural Gas Prices Orchestrated? which I first discussed in my most recent post. continue reading…

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[The] increased oil expenditure is drawing money away from the rest of the economy. Overall, were it not for the price increase [from the historical average of $25.00 per barrel], the US would have an extra $1.5 billion per day to spend in the broader economy, 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…