peak oil

Podcast

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Art Berman: The Coming Moonshot In Oil Prices

Today's low prices mask an approaching supply crunch
Sunday, July 3, 2016, 9:47 AM

In spite of the recent low prices for oil and natural gas, an energy supply crunch is looming warns geological consultant Arthur Berman.

Berman's perspective should not be lightly dismissed: he has 37 years of experience in petroleum exploration and production with 20 of those years at Amoco (now known as BP). He has published more than 100 articles and reports on geology, technology and the petroleum industry during the past five years --more than 20 of those focused on the shale industry including the Barnett, Fayetteville, Haynesville, Bakken and Eagleford plays. » Read more

Podcast

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M. King Hubbert: The Limits To Oil

Inside the mind of the father of Peak Oil
Sunday, May 8, 2016, 12:52 PM

M. King Hubbert did more to raise awareness of the finite nature of global oil reserves than any other person, living or dead. He was a larger-than-life figure, who fought tirelessly to insert the limits of nature into the national dialog regarding the strategic use of resources. Yet surprisingly little has been publicly documented about the man, even though we are hurdling ever faster into a future shaped by the very limits he warned about.

In today's podcast, Chris talks with Mason Inman about his new book The Oracle Of Oil, the first in-depth biography of M. King Hubbert, to learn more about the genesis of the Peak Oil theory. » Read more

Podcast

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Arthur Berman: Why The Price Of Oil Must Rise

Why a supply shock is inevitable
Sunday, January 10, 2016, 5:09 PM

Geologist Arthur Berman explains why today's low oil prices are not here to stay, something investors and consumers alike should be very aware of. The crazy-low prices we're currently experiencing are due to an oversupply created by geopolitics and (historic) easy credit, not by sustainable economics.

And when the worm turns, we are more likely than not to experience a sudden supply shortfall, jolting prices viciously higher. This will be a situation not soon resolved, as the lag time for new production to come on-line will be much longer than the world wants. » Read more

Podcast

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Gail Tverberg: Something Has Got To Break

Growing debt faster than your energy supply has hard limits
Sunday, January 3, 2016, 3:01 PM

Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been using debt to fund further energy exploration and extraction.

That strategy has diminishing returns, Tverberg warns. And we are close to the moment of reckoning. » Read more

Insider

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Devastating Shale Oil Losses

Coming soon to a bank near you
Monday, October 19, 2015, 4:12 PM

Sometimes it helps to examine one narrow slice of the pie as a means to understanding the entire pie. In the case of the shale oil Ponzi scheme, we can both wrap our minds around the scale of the predicament and also answer the question of who the losses will be foisted on.

Once we’ve done that, you should be able to simply apply the same logic and learning to other sectors of the financial universe.  Learn one sub-bubble, learn them all; like a fractal foam of misadventure. » Read more

Podcast

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Kurt Cobb: Money Cannot Manufacture Resources

Disproving the fatal assumption central planners make
Monday, September 21, 2015, 12:12 PM

Author Kurt Cobb writes frequently on energy and the environment and warns that our current economic policy suffers from a fatal degree of magical thinking: sufficient new resources will emerge if the price is high enough. » Read more

Podcast

Peak Prosperity

Jeffrey Brown: To Understand The Oil Story, You Need To Understand Exports

Peak Oil is very much alive
Sunday, September 13, 2015, 5:31 PM

Despite the attention-grabbing economic volatility that is grabbing headlines, it's important to keep our eye on the energy story firmly in focus. This is especially true as the headlines we regularly read about Peak Oil being dead " are "manifestly false" according to this week's podcast guest, petroleum geologist Jeffrey Brown. 

As concerning as the fact that global oil production has plateaued over the past decade, despite trillions invested in trying to goose it higher, are Brown's forecasting model for oil exports. His Export Land Model shows how rising internal consumption can swing (and has swung) countries from major exporters to permanent importers within a dizzyingly short period of time. » Read more

Podcast

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Gail Tverberg: This Is The Beginning Of The End For Oil Production

Why the shale collapse is ushering in a permanent turndown
Saturday, January 17, 2015, 1:28 PM

With the recent collapse in the price of oil, Gail Tverberg, returns to discuss the likely impact on the US shale oil industry, as well as the global market for oil. 

While as an actuary, Gail is one to avoid hyperbole and the let the numbers speak, her analysis of the outlook for future oil production is nothing short of dire. » Read more

Blog

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Keep Your Eyes On The Prize

It’s always and ever about energy
Wednesday, December 31, 2014, 3:21 PM

At the essential center of the framework of the Crash Course is the almost insultingly simple idea that endless growth on a finite planet is an impossibility.

It is so simple it could be worked out by a clever 4 year-old and yet it must not be so simple because the main narrative of every economy in every corner of the globe rests on the idea of endless, infinite growth. » Read more

Blog

Peak Prosperity

Energy & The Economy - Crash Course Chapter 22

Why society will be forced to become less complex
Friday, November 21, 2014, 9:17 PM

In the past few chapters on Energy EconomicsPeak Cheap Oil, and the false promise of Shale Oil, we've gone into great detail to show how our economic growth is deeply dependent on our energy systems.

Understanding the known facts behind this story, as well as each of the stated risks is what The Crash Course is about: assessing those risks and deciding what, if anything, a prudent adult should do about adapting to these realities and facing these risks.