Archives par mot-clé : Peak Oil

Peak Oil Postponed Again: “USGS Identifies Largest Continuous Oil and Gas Resource Potential Ever”… And it’s in the Permian Basin

by David Middleton, December 7, 2018 in WUWT


The “amazing” thing is that this isn’t a “new” oil discovery.  It’s just a realization that a lot more oil and gas can be produced from these formations than was previously imagined.

The Permian Basin a nearly infinite resource.  It seems as if there will always be more hydrocarbons to squeeze out of its numerous oil & gas reservoirs.  From a Warmunist perspective the Bone Spring and Wolfcamp are much worse than previously thought…

The End of Oil and Gas

by Andy May, July 7, 2018 in WUWT


The end of oil and gas has been predicted on a regular basis since 1885, yet today we use more of both than ever before and no end is in sight in the data available. Figure 1 shows worldwide energy consumption by fuel since 1965 and projected to 2035 by BP in billion tonnes of oil equivalent, it shows substantial growth in both oil and gas.

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Figure 1. Worldwide energy consumption by type of fuel. Source:  BP Energy Outlook 2017.

Ce n’est pas le pétrole qui disparaît, c’est la demande de pétrole

by Philippe Simonnot, 12 october 2017 in Le Causeur


Le prix du baril de pétrole, qui était de 1 dollar en 1972, est monté à près de 150  dollars en 2013, avec des projections qui le voyaient aller jusqu’à 300  dollars. Et le voilà retombé aujourd’hui aux alentours de 50  dollars. Pour expliquer une évolution aussi spectaculaire, il faut comprendre que le pétrole a été à un moment  un prix politique, mais que la loi du marché a pris sa revanche

Peak Oil And Peak Demand Have Entirely Different Outcomes

by Robert Rapier, August 15, 2017 in Forbes


That’s the peak oil argument in a nutshell, but the peak demand argument is entirely different. In this case, oil production falls — not because of geological factors — but because the world turns its back on oil as cleaner, cheaper options become available. Electric vehicles and ride-sharing on a massive scale are envisioned as two of the key factors that will make oil obsolete.