Running For The Exits: Peak Oil Demand
A terminal price decline in oil is inevitable. Trends in EV cost, ICE efficiency, and driverless cars will cripple oil demand. The price decline we have seen with coal — Continue Reading
Why Would Oil Demand Peak, Contrary to Peak Oil Supply?
People find it hard to believe that there is another side of the ‘Peak Oil Supply’ theory, which is ‘Peak Oil Demand’. The oil industry is quite familiar with the Continue Reading
Peak Oil And Peak Demand Have Entirely Different Outcomes
Following my previous article — Peak Demand? No, A New Gasoline Demand Record — I received some interesting feedback from readers. It quickly became apparent that some didn’t understand that Continue Reading
A future of cheap oil
An ongoing price slump is rattling the industry and weakening petrostates. How will low prices change the world? Here’s everything you need to know: How cheap is oil? Prices have Continue Reading
The Reported Death of Peak Oil Has Been Greatly Exaggerated
Production for May by BOEM was 1673 kbpd and by EIA 1661, compared with 1661 and 1658 kbpd, respectively in April. March looks like the peak, at least near term, Continue Reading
Remember Peak Oil? Demand May Top Out Before Supply Does
When Bob Dudley, chief executive officer of British oil giant BP Plc, was asked at a recent conference when oil demand will peak, he had a precise answer: June 2, Continue Reading
Oil Fields Pumping a Third of Supply Die Fastest in 24 Years
The tussle for supremacy between OPEC and U.S. shale drillers is killing off older oil fields at the fastest pace in almost a quarter century. That could hurt the industry Continue Reading
The World Keeps Not Running Out of Oil
The world has anticipated the “rapid exhaustion” of crude oil supplies for at least 100 years.Will it go on being close to running out of crude for the next 100? Continue Reading
Fossil Fuel Empire: A World of Vulnerability
“It’s all about the oil,” many commentators said about the US assault on Iraq in 2003. Attributing a war to a single cause is almost always an oversimplification, but protecting Continue Reading
Fossil Fuel Empire: A World of Vulnerability
“It’s all about the oil,” many commentators said about the US assault on Iraq in 2003. Attributing a war to a single cause is almost always an oversimplification, but protecting Continue Reading