It’s Not Peak Oil, It’s Peak Affordable Oil
Lately there has been some suggestion that “Peak Oil is dead” — that because of the recent drop in demand and price for oil, we will never again see high Continue Reading
Why the Global Oil Glut Might Not Fill Swimming Pools After All
One of the warning lights that there’s too much oil around is no longer flashing, adding to signs that global crude markets are finally on the mend. Just a month Continue Reading
Dreaded ‘stealth’ supply becomes reality as U.S. drillers turn on ‘ducks’
A dreaded scenario for U.S. oil bulls might just be becoming a reality. Some U.S. shale oil producers, including Oasis Petroleum and Pioneer Natural Resources Co, are activating drilled but Continue Reading
Peak Oil Returns: Why Demand Will Likely Peak By 2030
Think Progress has a post on the “peak oil demand” theory that seems to have come into vogue to replace traditional peak oil theory based on supply depletion – Peak Continue Reading
Peak Oil Revisited: Did I get anything right?
In 2014 I wrote on the arrival of peak oil. That now appears at best premature. So what did I get wrong, and what (if anything) did I get right? Continue Reading
IEA warns consumers of spike in oil prices
The International Energy Agency (IEA) is warning consumers not to let cheap oil lull them into a false sense of security amid forecasts of a price spike by 2021. In Continue Reading
Major Production Projects Start Up Around The World
Oil and gas production projects get underway in Europe, Asia, the Middle East and Africa. Production start-ups have occurred all over the globe within the first few months of this Continue Reading
Saudi Arabia leaves shale-favoring plants to Shell in Motiva split
Royal Dutch Shell Plc plans to maintain control of two refineries that can run more domestic crude, leaving a plant that runs massive volumes of Saudi Arabian oil to Saudi Continue Reading
Transocean frets over market conditions
Rig company Transocean in a letter to shareholders said it was working to maintain its sector position in what’s expected to be a challenging market in 2016. The company said Continue Reading
Crude Mystery: Where Did 800,000 Barrels of Oil Go?
There is mystery at the heart of the oversupplied global oil market: missing barrels of crude. Last year, there were 800,000 barrels of oil a day unaccounted for by the Continue Reading