The Twilight of Petroleum

 In this post, Antonio Turiel examines the perspectives of oil production in light of some often neglected parameters: the energy density, the energy yield (EROEI), and realistic estimates of new discoveries. As expected, the result are far from supporting the optimism that seems to be prevalent today.

Peak oil notes – Jan 31

 A midweekly update…Oil prices continued to move higher this week with NY crude closing at $97.94 on Wednesday and London at $114.90. Optimism about the US and Chinese economies coupled with an announcement by the Federal Reserve that it intends to keep buying $85 billion a month worth of securities supported the move.

Oil – Jan 10

•Interior Dept. Expedites Review of Arctic Drilling After Accidents •U.S. oil production to jump 25 percent by 2014 – EIA •Why the world is headed toward more oil scarcity •Peak oil group presses EIA to temper optimistic crude outlook •Why a potential role for the US as oil production king needs an asterisk •Is ‘peak oil theory’ delayed by fracking?

Conservation Not Technology will be our Saviour – Chris Martenson – Part 2

We are in the midst of an amazing energy boom, but by sweeping the idea of peak oil under the rug we are ignoring a significant fact: the relationship between hydrocarbon reserves and flow rates are not the same as they used to be—reserves have increased but flow rates are not as high or sustainable.

ODAC Newsletter Dec 21

Welcome to the last ODAC Newsletter, the final news roundup from the Oil Depletion Analysis Centre…2012 saw US oil production grow to its highest level in 15 years, largely because of surging tight oil production by fracking, and many pundits such as Ed Morse of Citi are claiming “peak oil is dead”. So has ODAC been worrying its silly little head entirely unnecessarily for the last five years, and could all our energy troubles soon be over? We continue to think not…