by Kevin Orland, August 24, 2017 in BloombergNews
Canada’s tar sands, which contain the planet’s third-largest oil reserves, were a prized possession for global energy companies when crude was trading above $100 a barrel. But since prices fell to $50 in 2015, where they have lingered, Royal Dutch Shell, ConocoPhillips, and Marathon Oil have unloaded their holdings amid concerns that these capital-intensive projects would struggle to turn a profit.
(…) In recent earnings announcements, Suncor and rival Cenovus Energy Inc. said they can now sustain production with oil at $40 a barrel without jeopardizing the dividend they pay shareholders.
by Robert Rapier, August 15, 2017 in Forbes
That’s the peak oil argument in a nutshell, but the peak demand argument is entirely different. In this case, oil production falls — not because of geological factors — but because the world turns its back on oil as cleaner, cheaper options become available. Electric vehicles and ride-sharing on a massive scale are envisioned as two of the key factors that will make oil obsolete.
par Samuel Furfari, 8 août 2017
Le Venezuela se trouve à la croisée des chemins. Se dirige-t-il vers le modernisme ou va-t-il poursuivre sa révolution bolivarienne vers le socialisme qui l’a conduit à la débâcle à laquelle nous assistons aujourd’hui ?
Le pays possède tout ce qu’il faut pour connaitre la prospérité et la paix. Ses abondantes ressources d’hydrocarbures auraient pu en faire la Norvège de l’Amérique latine
by Donn Dears, August 2017
As noted in my article four years ago, Japan has a program for producing natural gas from methane hydrates located near its coast, and predicts it will be successful by 2019.
Most people believe that Japan’s objective is highly optimistic, but it does shed light on the efforts currently underway to develop the technology for extracting natural gas from methane hydrates.
by Connaissance des Energies, 8 août 2016
Les 5 supermajors sont par ordre de chiffre d’affaires en 2015 :
Royal Dutch Shell (Pays-Bas) : 272,2 milliards de dollars et une production de 3,0 millions de barils équivalents pétrole par jour contre 421,1 G$ et 3,1 Mbeb/j en 2014);
ExxonMobil (États-Unis) : 268,9 G$ et 4,1 Mbeb/j (contre 411,9 G$ et 4,0 Mbeb/j en 2014) ;
BP (Royaume-Uni) : 226,0 G$ et 3,3 Mbep/j (contre 359,8 G$ et 3,2 Mbep/j en 2014);
Total (France): 165,4 G$ et 2,3 Mbep/j (contre 236,1 G$ et 2,15 Mbep/j en 2014) ;
Chevron (États-Unis): 138,5 G$ et 2,6 Mbep/j (contre 200,5 G$ et 2,6 Mbep/j en 2014).
by NY Times, July 13, 2017 in WUWT
The level of renewable use is now so high in Germany that serious electric grid reliability and stability issues now exist which require both fossil power plant emergency backup for failed renewable production and dictate rejecting renewable energy to ensure operation of fossil plants required for electric grid reliability and stability.
by Connaissances des Energies, 17 février 2015
Les cinq pays disposant des plus importantes réserves de gaz au monde sont :
by David Middleton, July 10, 2017 in WUWT
Hubbert’s fame in peak oil circles comes primarily from the assertion that he accurately predicted the 1970 U.S. peak. Because of this prediction, Hubbert is widely-regarded among peak oil adherents as a visionary. He has been called an oracle and a prophet. A recently published article — What Hubbert And Pickens Got Right About Oil, And What’s Next — recounts the uncanny accuracy of his prediction.
Source: Nuclear Energy and the Fossil Fuels by M. King Hubbert
by Nicholas T. Arndt et al., April 2017, Geochemical Perspectives
Some scientists and journalists, and many members of the general public, have been led to believe that the world is rapidly running out of the metals on which our modern society is based. Advocates of the peak metal concept have predicted for many decades that increasing consumption will soon lead to exhaustion of mineral resources. Yet, despite ever-increasing production and consumption, supplies of minerals have continued to meet the needs of industry and society, and lifetimes of reserves remain similar to what they were 30-40 years ago.
Full text (171 pages) pdf, here