Category: Peak Oil

Gasoline-like fuels can be made from cellulosic materials such as farm and forestry waste using a new process invented by chemists at the University of California, Davis. The process could open up new markets for plant-based fuels, beyond existing diesel substitutes. “What’s exciting is that there are lots of processes to make linear hydrocarbons, but until now nobody has been able to make branched hydrocarbons with volatility in the gasoline range,” said Mark Mascal, professor of chemistry at UC Davis and lead author on the paper published Jan. 29 in the journal  Angewandte Chemie . Traditional diesel fuel is made up of long, straight chains of carbon atoms, while the molecules that make up gasoline are shorter and branched. That means gasoline and diesel evaporate at different temperatures and pressures, reflected in the different design of diesel and gasoline engines. Biodiesel, refined from plant-based oils, is already commercially available […]

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At the risk of starting a cat fight where truth may too quickly become a casualty, why don’t we more forcefully challenge those who deny peak oil (and global warming) and who do so for reasons that generally ignore reality in favor of narrowly-defined interests? Those motivations will ultimately do nothing but promote more eventual harm by denying the truths to those who clearly need them the most…. Of course, we run the risk of getting bogged down in he said/she-said arguments that quickly devolve into the lowest forms of ‘debate’, but why let those types of offerings go unchallenged? They feed on themselves, and it is tiresome and time-consuming to have to rebut all the nonsense. But if we don’t, uninformed readers and listeners have no reason to at least consider the possibility that there may indeed be other facts out there […]

Click here to view full article at peakoil.com

In order to understand what solutions to our energy predicament will or won’t work, it is necessary to understand the true nature of our energy predicament. Most solutions fail because analysts assume that the nature of our energy problem is quite different from what it really is. Analysts assume that our problem is a slowly developing long-term problem, when in fact, it is a problem that is at our door step right now. The point that most analysts miss is that our energy problem behaves very much like a near-term financial problem . We will discuss why this happens. This near-term financial problem is bound to work itself out in a way that leads to huge job losses and governmental changes in the near term. Our mitigation strategies need to be considered […]

Click here to view full article at peakoil.com

Judging by pump prices, drivers might think oil companies were rolling in profits that only move higher. Lately, though, the big boys in the global oil industry are finding that earning a buck isn’t as easy as it used to be. Royal Dutch Shell, for instance, just announced that fourth quarter earnings would fall woefully short of expectations. The Anglo-Dutch energy giant warned its quarterly profits will be down 70 percent from a year earlier. Full year earnings, meanwhile, are expected to be a little more than half of what they were the previous year. The news hasn’t been much cheerier for Shell’s fellow Big Oil stalwarts. ExxonMobil, the world’s largest publicly traded oil company, saw profits fall by more than 50 percent in the second quarter to their lowest level in more than three years. Chevron and Total, likewise, are warning the […]

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Peak Oil is a controversial concept. Some people actually think that the production of oil in nature is continuous (which is a tiny bit, but hardly at all, true) so we can keep pumping oil out of the ground and it will just keep being produced by tiny microbes. But aside from that particular, and annoying, made-up controversy, “real” Peak Oil (or should I say Peak Real Oil) is still controversial. Peak Oil is defined as the moment when the maximum rate of petroleum extraction occurs, and thereafter production declines steadily, like on a bell curve. But that is, in my view, the wrong way to look at it. I would like to propose a different way, and to understand this approach we first must understand chocolate chip cookies. Which is not difficult. If you make a batch of chocolate chip cookies, then […]

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Despite the arguments that once raged and the considerable volumes written to advocate certain viewpoints and disparage others, interest in peak oil is at an all time low. Indeed some commentators have confidently declared that peak oil is dead and that the theory has turned out to be nonsense . But this attitude stems largely from the explosion of tight or shale oil production in the US. This oil, trapped in shale rock formations in the same way as shale gas, and similarly extracted by fracking, was almost unheard of just over five years ago. Yet recent projections suggest production of it could exceed 7m barrels per day by 2035 . Despite this, some analysts maintain that tight oil has no bearing on peak oil, and others claim that it is a point we have already passed . So we are in the strange position where both sides of […]

Click here to view full article at theconversation.com

My anomalous position as a writer and speaker on the future of industrial society who holds down a day job as an archdruid has its share of drawbacks, no question, but it also has significant advantages.  One of the most important of those is that I don’t have to worry about maintaining a reputation as a serious public figure. That may not sound like an advantage, but believe me, it is one. Most of the other leading figures in the peak oil scene have at least some claim to respectability, and that pins them down in subtle and no-so-subtle ways. Like it or not, they have to know that being right about peak oil means that they might just pick up the phone one of these days and field an invitation to testify before a Senate subcommittee or a worried panel of long-range […]

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Citizens of the U.S. and world are heading into a future that few have prepared.  It will also turn out to be much worse than most realize as it will be unlike anything we have witnessed in the past. Part of the reason we are in such a bad fix has to do with the compartmentalization and specialization of our modern educational and economic system.  There are many intelligent people in the market doing smart things, however they have no clue on what the hell is going on in other industries or professions. For example, there are many precious metal analysts that I have much respect for, but who fail to understand the energy industry.  Now, I would imagine there are a few analysts in the precious metal Biz that do understand the ramifications of Peak Oil, but it’s more rewarding for them […]

Click here to view full article at peakoil.com

At the risk of starting a cat fight where truth may too quickly become a casualty, why don’t we more forcefully challenge those who deny peak oil (and global warming) and who do so for reasons that generally ignore reality in favor of narrowly-defined interests? Those motivations will ultimately do nothing but promote more eventual harm by denying the truths to those who clearly need them the most…. Of course, we run the risk of getting bogged down in he said/she-said arguments that quickly devolve into the lowest forms of ‘debate’, but why let those types of offerings go unchallenged? They feed on themselves, and it is tiresome and time-consuming to have to rebut all the nonsense. But if we don’t, uninformed readers and listeners have no reason to at least consider the possibility that there may indeed be other facts out there […]

Click here to view full article at peakoil.com

Something has bothered me of late: why is the price of crude oil still elevated? Other commodities have taken a battering since 2011. Gold, copper and iron ore – all are way down off their peaks. But oil has seemingly defied gravity. And that’s despite increased supply from shale oil in the U.S., still soft demand particularly in the developed world and declining rates of inflation growth across the globe. What gives? Well, shale oil proponents will say falling oil prices are just a matter of time. And that the boom in shale oil will reduce U.S. reliance on foreign oil, leading to cheaper local oil, which will free up household budgets and spur consumption as well as the broader economy. Perhaps … though I’d have thought all of that would already be reflected in prices. On the other side, you have "peak oil" supporters who suggest high oil […]

Click here to view full article at seekingalpha.com