The EIA has noted in This Week in Petroleum that, for the first time, the sum of non-OECD country demand contributed more than half to the total of liquid fuels consumed in the world.
Figure 1. Changes in the relative shares of liquid fuel consumption… More »
The Shrinking Road, Part 1: Have We Hit ‘Peak Cars’?
BOULDER, Colo. — Remember the concept of “peak oil”–that the world will soon achieve the maximum rate of petroleum extraction possible, if it hasn’t already? Now the question may be have we reached… More »
Pentagon bracing for public dissent over climate and energy shocks
Top secret US National Security Agency (NSA) documents disclosed by the Guardian have shocked the world with revelations of a comprehensive US-based surveillance system with direct acce… More »
Fuel-short Egypt faces long, hot summer
CAIRO (Reuters) – A gift of gas to Egypt from tiny Qatar shows just how tough this summer is shaping up to be for the government in Cairo, facing a funding crunch and power cuts as it struggles to contain explos… More »
Peak oil: preparing for the extinction of ‘petroleum man’ (interview with Kjell Aleklett)
At the turn of the century, certain sections of the scientific community noticed a small but ominous speck on the horizon. Over the years, this speck has advanced… More »
This is a guest post by Adam Brandt, Assistant Professor from Stanford University, Department of Energy Resources Engineering.
Low energetic returns (e.g., EROI, NER) from oil sands extraction and upgrading have been noted as a potentia… More »
Let me begin with two brief apologies – first, my last post on Iraq on TOD was hit with a vast quantity of spam that made it difficult to find all the pertinent comments; hopefully this post will have a little easier time. And secondly, although I u… More »
OPEC’s slipping grasp on the world’s oil market
At OPEC’s home base in Vienna last week, Saudi Arabia’s powerful oil minister, Ali al-Naimi, played down the impact of the light, sweet crude that is gushing in record volumes from beneath North … More »
Dangerous Times As Energy Sources Get Costlier To Extract
Remember the term “peak oil”? With all the oil now available from oil shale, tar sands, and other new sources, many analysts assume that the old talk of peak oil has been proven dead wrong. … More »
BP’s Oil Spill Deal Sours as Claims Add Billions to Cost
BP Plc’s $8 billion settlement with victims of the 2010 Gulf of Mexico spill may have hurt Europe’s second-largest oil company more than it helped.
The company is relying on a U.S. appeals… More »
Fracking Tests Ties Between California ‘Oil and Ag’ Interests
By all accounts, oilmen and farmers — often shortened to “oil and ag” here — have coexisted peacefully for decades in this conservative, business friendly part of California abo… More »
There is often quite a debate in the Peak Oil community over the difference between a reserve and a resource. Simplistically a resource is, for the sake of discussion, the amount of oil that is in the ground in a certain country, while the reserve is … More »
Thomas Homer-Dixon: How the oil sands industry is distorting Canada’s economy
By 2030, Canada’s output from the oil sands will reach about five million barrels a day, more than twice today’s output. Yet, by 2030, chances are also good that the w… More »
Oil executives tune out the call of the wild Arctic
NY-AALESUND, Norway (Reuters) – The high Arctic, once the irresistible frontier for oil and gas exploration, is quickly losing its appeal as energy firms grow fearful of the financial and public rela… More »
Best OPEC Discipline Since 2011 No Proof for $100 Oil
OPEC’s best adherence to its production ceiling in 18 months is failing to buoy the outlook for crude oil prices, raising pressure on the group to pare supplies amid burgeoning U.S. output.
While… More »