India increases the windfall tax…
Major banks continue to finance…
The "Economic Miracle State" of North Dakota pumped another record amount of oil during the month of October, producing more than 15 million total barrels in a single month for…
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 2020. At this point,…
Does Thursday's announcement that the EU is considering to ban oil imports from Iran epitomise the draining of power from west to east? The big winners here will be…
Last week the International Energy Agency released its annual report (600 pages) on just where energy production and consumption in the world is going over the next 25 years. Four…
Call it a “package,” though a more accurate word might be “bribe.” South Sudan’s government has offered Sudanese authorities in Khartoum a “package” to break the rising tension-filled gridlock over…
In a development that surprises no-one except armchair analysts, trouble is brewing in Iraq over the sharing of oil revenues between Iraq’s largely autonomous Kurdish region and the central authorities…
China, flush with cash, is on a global search to acquire any and all overseas energy assets. China Petrochemical Corp., known more familiarly as the Sinopec Group, Asia's biggest refiner,…
On 8 November French company Total S.A. announced that its local subsidiary, Total E and P Nigeria Ltd (TEPNG), struck oil in the southeastern corner of its Oil Mining Lease…
As oil prices rose ever higher in the last decade, the optimists kept predicting rising production capacity and plummeting prices. Looks like they got it wrong. We are entering what…
I have just returned from the annual ASPO conference in Washington, D.C. This was only my 2nd ASPO conference; the first one I attended was in 2008 in Sacramento. There…
It was by teaching a course on energy in 2004 that I first became aware of the enormous challenges facing our society this century. In preparing for the course, I…
I've just finished a new paper on Oil prices, exhaustible resources, and economic growth (click here for paper), which explores details behind the phenomenal increase in global crude oil…
Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying, In the next 10 years, more than 90% of the growth in global oil production needs…
With every passing day it is becoming more apparent that the crisis of the depletion of cheap oil has become deeply enmeshed in the European debt crises. The sequence of…
The USA, largest consumer of oil and perhaps about fourth in production has entered an oil boom. Not only is it related to improvements in production technology, but U.S. demand…
It is with some trepidation that I prepare for a trip that includes an appearance before college students who generally find the idea of peak oil so disturbing that they…
The Financial Times and Wall Street Journal have gone into full crisis mode with live blogs continuously reporting unfolding events. Equity markets are falling and London oil prices have been…
In the minds of many of those concerned about an imminent rendezvous with peak oil, the day the world slides past the all-time peak in oil production will be a…
The below infographic takes an unbiased look at the current situation with peak oil, oil consumption and declining fossil fuel reserves.
Saturday, September 17, the WSJ ran an essay by Daniel Yergin called, “There Will Be Oil.” In the essay, Yergin argues that the advocates of “peak oil” theory are…