Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior to getting involved with energy issues, Ms. Tverberg worked as an actuarial consultant. This work involved performing insurance-related analyses and forecasts. Her personal blog is ourfiniteworld.com. She is also an editor of The Oil Drum.
The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of…
If we read the financial pages, economic growth seems to be viewed as the “normal” situation to which economies inevitably return. But is it really?If…
Countries trade crude oil and oil products back and forth. When all of these transactions are netted out, is the US close to becoming a…
The US Energy Information Administration (EIA) recently released full-year 2011 world oil production data. In this post, I would like show some graphs of recent…
We live in a world with very limited solutions to our sustainability problems. I often hear the view, “If we would just get off fossil…
US natural gas prices are at record lows–about where they were in 1976, and at the low points in the 1990s, in today’s dollars (Figure…
Figure 1 shows the huge increase in world energy consumption that has taken place in roughly the last 200 years. This rise in energy consumption…
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. Figure 1.…
Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: 1. “Stalled out” growth in world oil supply2. Concerns…
There are seven billion people on earth now. I originally thought that the primary reason for the recent human population explosion was that fossil fuels…
On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, "Everything You Know About Peak Oil Is Wrong". This editorial reflects several common…
Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on…
In a recent post, I talked about why we may be reaching Limits to Growth of the type foretold in the 1972 book Limits to…
We know high oil prices have an adverse impact on the economy, often leading to recession. According to Economist James Hamilton, 10 out of 11…
Historically people have shifted their belief systems in various ways. The Greeks and Romans believed in numerous gods and goddesses and attributed all kinds of…
In the United States, we have been working on scaling up wind energy but not getting very far. In 2010, wind energy supplied only 2.3%…
The world has many ideas for solving our energy shortfall, but they all seem to involve investment: • Drill for more oil and gas;• Develop alternative energy…
The results of OPEC’s latest meeting to set oil production quotas were on Thursday last week. Instead of production targets for individual countries, a group…
Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by…
In a recent post, I discovered something rather alarming - the fact that in the last decade (2000 to 2010) both world energy consumption and…
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