An Updated Version of the “Peak Oil” Story
The Peak Oil story got some things right. Back in 1998, Colin Campbell and Jean Laherrère wrote an article published in Scientific American called, “ The End of Cheap Oil. Continue Reading
Can the World Sustain 9 Billion People by 2050?
The world’s population is topsy-turvy, and its exponential and uneven growth could have disastrous consequences if we aren’t ready for it. Humanity recently hit a benchmark, a population of 7.9 Continue Reading
U.S. Oil-Rig Count Caps First Six-Week Gain in a Year
U.S. oil producers are returning to the shale patch, adding rigs for a sixth-straight week in the longest streak of expansion since last August. Rigs targeting crude in the U.S. Continue Reading
The Reported Death of Peak Oil Has Been Greatly Exaggerated
World C+C using EIA data, but substituting the Russian Ministry of Energy Data for Russia shown in the chart below. The monthly peak was 81, 047 kb/d in Nov 2015. Continue Reading
Continental Resources expecting production gains
Though reporting both a net loss for the second quarter and declining output, U.S. shale player Continental Resources raised its forecast for production. Continental said in emailed results for the Continue Reading
Overstated supply risks likely to offer limited support to oil bulls: Citi
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. Continue Reading
America’s Fracking King on Environmentalists and Donald Trump’s Appeal
Harold Hamm explains why his industry just can’t get any respect. The following is a condensed and edited interview with Harold Hamm, CEO, Continental Resources. Photographer: Jonno Rattman for Bloomberg Continue Reading
OPEC Output Disrupted in July on Nigeria Attacks, Libya Dispute
Nigeria loses 70,000 barrels a day as rebels target pipelines Total OPEC output rises as group adds 14th member Gabon OPEC’s crude oil output was disrupted in July by militant Continue Reading
Offshore drillers less than optimistic
After idling some rigs in an effort to cut costs during the second quarter, Diamond Offshore said its optimism about a market recovery was somewhat low. The rig company, which Continue Reading
No One Knows How Much Oil Is Being Stored Around the World
Many countries keep their reserves a secret, meaning the price of oil is based on a huge amount of guesswork. Peak oil, if it even exists , is very much Continue Reading