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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: shale/tight oil

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U.S. crude oil production is falling because investments into shale oil production dried up as the price of crude oil fell below $60/bbl. Companies aren’t interested in putting new capital to work, and because these oil fields deplete, that means crude production is falling. Why is that significant? Because most of the world’s new oil production in the past 6 years has come from U.S. shale oil fields. It is hard to overstate the global importance of the new crude supply that came online in the U.S. since 2008

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[W]e have no replacement energy source that is as calorically dense as oil. It is simply not practical to replace oil as an energy source and maintain current energy demands.

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As a lead-in to discussing the main theme of this series: the role System Justification plays in the climate change/peak oil denial strategy, it would be useful to provide a brief summary of some of the more pressing and critical facts suggesting an issue or two in Fossil Fuel Production Land….

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It’s just not that difficult to understand. But if your interests depend on a narrative contradicted by facts and reality, then telling only part of the story to unsuspecting others is the way to go….

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We will have to transition to a post-fossil-fuel economy eventually, either out of wisdom or chaos [1]

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This is a follow-up to my most recent post, in which I offered a few observations on commentary attempting to debunk the concept of peak oil courtesy of this recent article by John Kemp. [Quotes here are from the Kemp article unless noted otherwise.]  continue reading…

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If they don’t get it [doubtful], then they either need to learn some basics, or write about what they know.
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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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Earlier this year, I offered two posts [here & here] on Perfect Storm – Energy, Finance and the End of Growth, a well-reasoned 2013 report 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…