According to the Guardian, Richard Branson believes that ” The next five years will see us face another crunch – the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well.” The founder of the Virgin Group and other business leaders from the United Kingdom are urging …
I believe we are beginning this decade with a triple crisis as our economies are crumbling, our climate is warming and our energy supplies are getting scarcer. This assessment of our situation seems pessimistic but it couldn’t be more accurate as it is based on the +700 articles I published here over the past three years. …
During the financial crisis in late 2008, oil prices went down from $147 to $33 in just a few months. However, oil prices soon went up as they increased by 78 percent last year. This is the largest yearly increase in a decade. There are more and more concerns that either peak oil already occurred or …
While some magazines print sensationalist articles, some other prefer to carry out real research with real facts and figures. New Scientist indeed published an interesting article on what they call extreme – or unconventional – oil. Understanding that peak oil is either near or already arrived we can either burn as much unconventional oil as …
We have already seen that some believe that peak oil may have already occurred last year. Now some IEA officials stated unofficially that oil production forecasts are completely unrealistic. As The Guardian noted : “The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the IEA …
This is the question asked last week in a most interesting article on The Oil Drum. One of their contributors, Praveen Ghanta, compiled the oil production data provided by the BP statistical review country by country. The conclusion is that out of 54 oil producing countries, only 14 of them haven’t peaked already. The author …
Recently I read two articles on a book about Peak Oil that seems most interesting. Why Your World Is About To Get A Whole Lot Smaller by Jeff Rubin explores the consequences of the end of cheap oil and how it will affect us. The author – a former chief economist for CIBC World Markets …
Thanks to the Oil Drum, I read about an interesting fact. Andris Piebalgs, the European Energy Commissioner published this month an interesting post on his blog stating that oil production may have already peaked. This is no big surprise as we have already seen that to the Oil Drum, global production peaked in 2008. Additionally, …
To this article of the Oil Drum world oil production peaked in 2008. Even if there is no 100 percent certainty, such a fact could represent another sign of the end of the world as we see it. Indeed, after the increasing global pressure on water resources, massive pollution and climate change, peak oil is …
I was reporting last week that non-OPEC oil production peaked in 2004 and Russia – the world’s second largest exporter – peaked in 2008. The situation was already quite serious. Yesterday the Oil Drum published an article stating that the world’s first oil producer saw it’s production peak in 2005 with 9.6 million barrels/day. Last …
