What is peak oil? And what will happen to the industry if we reach it?
For much of the last century, observers of the oil industry have debated when or if we might reach so-called peak oil — the point when the maximum rate of Continue Reading
Peak Oil Demand Is Approaching Thanks to EVs and Autonomous Vehicles
Nearly a decade ago, I talked about the concept of “peak oil.” Simply put, this theory states that global oil production will hit a maximum level before declining. When oil Continue Reading
Sleepwalking Into The Next Oil Crisis
One school of thought is that future oil demand is set to decline because consumers will have better options. Many in this “peak demand” camp believe that the growth of electric Continue Reading
New U.S. Record-Level Oil Production! Peak Oil Theory Disproven! Not.
Well, I’m amazed and impressed. Tight oil production has pushed total United States petroleum output to more than 10 million barrels a day, a rate last seen almost a half-century Continue Reading
Don’t Confuse Peak Oil And The Peak Oil Debate
In the past five years of writing about energy one of my favorite observations has been that people get into trouble because they “confuse Peak Oil and the Peak Oil Continue Reading
BP Predicts Renewables Will Peak by 2040
One of the world’s leading energy companies, BP is predicting renewable energy sources to be influential in shaping the global energy sources by 2040. The report released by BP proposed Continue Reading
Fitch: EVs Growth Could Lead To Peak Oil Demand By 2030
Greater product awareness and technological changes could fast track the adoption of electric vehicles (EVs) that could plausibly lead to a peak oil demand before 2030, Fitch Ratings said on Continue Reading
BP: Oil Demand Is Going to Peak in the Next 20 Years
Global demand for crude oil could peak in the next two decades, as renewables like solar power surge faster than expected to meet a greater share of the world’s energy Continue Reading
A new analysis says global demand for oil will peak by 2030
The global demand for crude oil will peak in 2030 as electric vehicles continue to chip away at the market for gasoline-powered cars and trucks. So say analysts with Bank Continue Reading
Peak Oil Demand Is A Slow-Motion Train Wreck
The precise date at which oil demand hits a high point and then enters into decline has been the subject of much debate, and a topic that has attracted a Continue Reading
An Open letter to the School of Public Health, UQ, re: the looming net energy cliff
Open Letter To: Staff of the School of Public Health, Re: The looming Net Energy Cliff, Global Economic/Industrial collapse and Human Die-off “infinite consumption from a finite resource base is Continue Reading
What Happened to Peak Oil?
I was first introduced to the concept of “peak oil” 15 years ago. It was a simple theory: Oil is a finite resource. At some point in time, the world’s Continue Reading
The myth of a fossil fuel phase-out
How the world uses energy is a hot topic for a warming planet, and fears of pollution and resource strain have produced a virtual arms race of energy-efficiency strategies. From Continue Reading
Oil demand: Beware the gap
Forget a peak – falling production from existing fields should be the market’s immediate focus Peak oil demand has swiftly moved from concept to potential to symbolic talisman— and it Continue Reading
Was 2017 The Year Of Peak Oil Demand?
It’s possible that 2017 may go down as the year when the concept of peak oil demand went from speculation to potential reality, as companies and energy analysts began estimating Continue Reading
The Oil Situation: Some Alarming Aspects.
There are four or five factors indicating that the oil supply situation is likely to become extremely problematic within a decade. There is no recognition of this within the mainstream. Continue Reading
The Soft Belly of The Oil Industry: the Upcoming Seneca Collapse
Ugo Bardi explains his idea of an impending “ Seneca Collapse ” of the world’s oil industry at the session on climate change of the meeting of the Club of Continue Reading
6 Factors Will Hasten Or Defer Peak Oil Demand
We haven’t reached peak oil consumption globally, also known as peak demand. We are likely to reach it globally by 2050, but it’s unlikely to occur before 2030 at the Continue Reading
“End Of Oil” Narratives Are Misleading
Over the next few decades we’ll be plugging in more cars, hailing and sharing them, and reminiscing about the good ol’ days of the steering wheel. To be sure, these Continue Reading
Peak oil: What happens when the drilling is done?
A seismic shift It seems like we’ve been talking about “peak oil” for a long time, but the meaning has shifted radically in the last few years. Historically the phrase Continue Reading
OPEC Prepares For Peak Oil Demand In Late-2030s
OPEC . The annual release of the bloc’s World Oil Outlook points out that if just a quarter of the world’s cars run fully on batteries, demand would plateau at Continue Reading
Shell Gears Up For Peak Gasoline
Since the oil price plummet it 2014, Shell has transitioned its business model over to refining oil, offering other refined oil products, and producing petrochemicals. The oil giant will produce Continue Reading
‘End of oil’ narratives are misleading — global oil demand will remain at 90 million bpd till at least 2040
Contrary to armchair calculus, more electric vehicle (EV) sales do not equate to the world using less oil anytime soon. This is the fourth and final in a series of Continue Reading
The Era Of Oil And Gas Is Nearing Its End
The history of crude oil and natural gas is a history of technological innovation. Until recently the innovation supported crude oil and natural gas. Now, it challenges it, causing structural Continue Reading
Aramco CEO Warns Of Imminent Oil Supply Crunch
As much as US$1 trillion of investments has either been deferred or canceled with the lower-for-longer oil prices, and this underinvestment will impact the future of energy, Amin Nasser, the Continue Reading
Norway Unfazed By Peak Oil Concerns
When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between Continue Reading
Big Oil To Bet On Petrochemicals As Demand Peak Looms
Remember that “This Ain’t Your Daddy’s Oil” commercial that blew up on Twitter at this year’s Super Bowl? It was about crude oil being used for things other than fuels—useful, Continue Reading
Oil demand likely to peak by 2030
As electric vehicles are to increase their popularity, particularly beyond 2025, the world petrol demand is to peak within 13 years, says a report by UK-based analysis firm Wood Mackenzie. Continue Reading
Why 2017 will go down as the beginning of the end of the internal combustion engine
General Motors outlined an all-electric path to zero emissions with at least 20 new all-electric vehicles by 2023. Electric vehicles no longer seem like a futuristic fever dream, but they Continue Reading
Oil: We still need (plenty) more supply
Analysts at HSBC suggest that despite a likely peak in LDV demand in 2025-30, the peak in total oil demand still looks much further off and they see a looming Continue Reading
China Study Warns Of Impending Oil Production Peak & World Oil Market Squeeze, + Peak Recoverable Coal ~2020
China is rapidly approaching peak fossil fuel extraction according to a new state-funded study led by the China University of Petroleum in Beijing. The study findings include the assertion that Continue Reading
World’s Biggest Oil Trader Questions Its Own Fate
Vitol’s chief executive, Ian Taylor, said he expected the shift to electric vehicles and non-fossil fuel sources of energy to shrink the oil industry. Speaking at an event in London, Continue Reading
It’s Been A Tough Week For Peak Oil Theorists
In news that is certain to upset adherents to the never-dying cult of Peak Oil, IHS Markit released a study on Sept. 25 indicating that, per their analysis of data Continue Reading
Riding The Energy Transition – Oil Beyond 2040
The motor vehicle was very quick to replace horses in the early 20th century, and the advent of the electric car suggests that another profound shift in transportation and energy Continue Reading
Beyond peak oil
The last decade has seen a significant change in the terms of the debate around the concept of “peak oil”. Ten years ago the focus was on when oil resources Continue Reading
Shell’s defence of big oil is too hopeful
Royal Dutch Shell, looking deeply into its crystal ball, sees a future that’s still heavily dependent on oil. The Anglo-Dutch giant expects crude will continue to play a major role Continue Reading
The Obsolescence of Oil As We Live Out the Current Technology Wave
With every new green announcement on the global technology stage we get propelled further into a reality where oil may no longer be dominant. Whether its France and India committing Continue Reading
Peak oil demand in 2022
Energy demand will plateau after 2030, according to a new DNV GL (stand 5B51) model which forecasts the pace and extent of the global energy transition until 2050. While fossil Continue Reading
Peak Oil Is Not The Same As Peak Demand
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 Contrarian View On The Peak Oil Debate
Summary Because peak oil demand theory has become self-evident truth, it is hard to even suggest at this point that the theory might be wrong, even when backed by solid Continue Reading
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