By Kevin Crowley 2 December 2019 (Bloomberg) – At EOG Resources Inc.’s Francisco lease in the heart of the Eagle Ford Shale in South Texas, a half dozen cows laze in the shade of a tree next to black oil-storage tanks. A small flare burns atop a steel pylon, like a memorial to the boom […]
By Natalie Sauer22 January 2019 (Climate Home News) – Electric car use may be growing exponentially, but they are doing little to curb rising carbon emissions and oil demand, the head of the International Energy Agency (IEA) said on Tuesday. “To say that electric cars are the end of oil is definitely misleading,” economist Fatih […]
By Dr. Minqi Li 28 June 2018(Peak Oil Barrel) – This figure compares the historical world economic growth rates and the primary energy consumption growth rates from 1991 to 2017. The primary energy consumption growth rate has an intercept of -0.012 at zero economic growth rate and a slope of 0.914. That is, primary energy […]
By Ed Crooks 3 February 2018 NEW YORK (Financial Times) – ExxonMobil, the largest US energy group, has said it believes there is little risk that it will not be able to produce all of its proved oil and gas reserves, even in a world where government policies are set to limit the threat of […]
By Ed Crooks 31 January 2018 NEW YORK (Financial Times) – US oil production has returned to its record high point, 47 years after the previous peak during the final days of the last Texas oil boom, as the shale revolution that was temporarily set back by low crude prices has reignited.The government’s Energy Information […]
By Mark Buchanan 7 November 2017 (Bloomberg) – The latest U.S. government report on climate change illustrates how expensive the phenomenon can be: It estimates that more frequent flooding, more violent hurricanes and more intense wildfires, among other things, have cost the country $1.1 trillion since 1980.What’s particularly striking, though, is how much the report […]
17 July 2017 By Ker Than (Stanford News) – Even oilfields aren’t immune to the ravages of time: A new study finds that as some of the world’s largest oilfields age, the energy required to keep them operating can rise dramatically even as the amount of petroleum they produce drops.Failing to take the changing energy […]
By Ron Patterson17 December 2016 (Peak Oil Barrel) – Jean Laherrere has posted the following charts and comments on Bakken and World oil reserves. […] Everybody knows that world oil discoveries are well below oil production since a long time ago and that remaining reserves should be decreasing. Proved reserves increase by adding tar sands […]
By Political Economist20 June 2016 (Peak Oil Barrel) – […] This graph compares the historical world economic growth rates and the primary energy consumption growth rates from 1991 to 2015. The primary energy consumption growth rate has an intercept of -0.011 at zero economic growth rate and a slope of 0.904. That is, primary energy […]
9 June 2016 (BP) – World primary energy consumption grew by a below-average 1.0% in 2015, the slowest rate of growth since 1998 (other than the decline in the aftermath of the financial crisis). Growth was below average in all regions except Europe and Eurasia. All fuels except oil and nuclear power grew at below-average […]
