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        Welcome to PeakOil.com, an online community exploring oil depletion.
        Enviroment

        The population question: Toward a plan for global sustainability

        Too often, it seems, matters of population are overlooked in discussions of global sustainability. And this is true, despite some rather obvious points: A world of, say, 5 billion people is more likely to be sustainable than one of 10 billion; and a world of 1 billion is likely more sustainable still. All things being equal, a world with fewer people will allow for a more robust planetary ecosystem, and a higher quality of life for humans, than a world with more people. Few seem willing to state things this clearly, but I think few would contest it, if pressed.by David SkrbinaCurrently the Earth is at roughly 7.7 billion, heading to 9.5 billion by 2050, and perhaps to 11 or 12 billion by 2100. Each year about 135 million babies are born; if we subtract the 55 million annual deaths, ...

        Public Policy

        Kunstler: Sedition in Real Time

        It is a wonder of these incendiary times that even as impeachment of a president moves to its ripest phase, trial in the Senate, the acts of sedition that prompted it still go on behind the scenes with no intervention — an epic failure of authority, if there ever was one. And further irony, if ever there was a trial that cried for witnesses, the impeachment case being brought by Mrs. Pelosi is such a hash of fraud, incompetence, and chicanery, that it begs for summary dismissal — so that these seditious caitiffs will not have to answer to the nation.I speak of the “whistleblower” scheme cooked up by a network of officials who have actively plotted to overthrow the president for three years, as laid out at The Last Refuge website Sunday night: Intelligence Community Inspector General Michael Atkinson ...

        Public Policy

        So The US Is Invading Iraq Again

        So the US has decided to become an invading, occupying force in Iraq again.It won’t be as exciting as last time. There will be no “shock and awe” invasion tactics this time. The invaders won’t even have to enter the country, because they’re already there. It will be a very boring, underwhelming sequel that leaves everyone feeling generally pessimistic about life and human existence. Like This Is 40.If the initial invasion of Iraq was a violent sexual assault by a stranger in a dark alley, this one is more like an abusive husband raping his wife and then making her cook him dinner. But it is just as much a violent violation of personal sovereignty in both instances.America is a force for good in the Middle East. Our military presence in #Iraq is to continue the fight against ISIS and ...

        General Ideas

        Coping With Global (& Local) Chaos: What You Can Control And What You Can’t

        Have you been glued to the news lately, nervously watching what’s going on in the Middle East? Are you concerned that World War III is about to kick off at any moment? Is the state of the economy frequently on your mind? Maybe it’s Ebola that keeps you up at night or the risk of a cyberattack or an EMP or that the political party not of your choosing will take over the government.I’ve seen a lot of people expressing worry and fear. They’re afraid we’re about to get involved in a war. They’re worried about terror?attacks and conflicts on American soil. They’re terrified that their sons and daughters will be sent off to risk their lives and limbs in?another Afghanistan.Maybe the media is manipulating you to be in a constant state of fear. When we’re scared, we don’t think ...

        Public Policy

        A Potential War with Iran—and Other Geopolitical Events—Just Don’t Bounce Oil Prices Like They Used To

        It's been the steady drumbeat that has defined the oil market over the last two years. As tensions have mounted between Iran and the U.S., each development—from renewed sanctions to saber-rattling to the threat of outright war—has brought the question: how much are oil prices going to rise?There are historical reasons for this: conflicts in the Middle East are associated with oil price increases. In the past, they have had such an effect—the lead-up to the 1990 Gulf War, in particular, sparked a prolonged rally—and day-to-day, price spikes are often used as a proxy for just how nervous investors are about global politics.But if we take the last several days as a guide, convention certainly doesn't match reality. While Brent crude initially spiked on Friday, following the U.S. killing of Iranian General Qassem Soleimani, by Wednesday the jump had evaporated.Oil ...

        The World Turned Upside Down thumbnail

        The World Turned Upside Down

        Released On: 05 Jan 2020The transition from fossil fuels to renewables and its geopolitical consequencesMore episodesProgramme Website The World Turned Upside DownEpisode 128 mins  

        2020 Will Be A Crucial Year For Oil thumbnail

        2020 Will Be A Crucial Year For Oil

        It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever.Will OPEC+ extend its cuts? Will U.S. shale finally grind to a halt? Is this the “year of the electric vehicle”? Here are 10 stories to watch in 2020.Shale debt, shale slowdown. The debt-fueled shale drilling boom is facing a reckoning. Around 200 North American oil and gas companies have declared bankruptcy since 2015, but the mountain of debt taken out a few years ago is finally coming due. Roughly $41 billion in debt matures in 2020, which ensures more bankruptcies will be announced this year. The wave of debt may also force the industry to slam on the breaks as companies scramble to come up with cash to pay off creditors.Year of the EV. Some analysts say that 2020 will ...

        Geology

        What Peak Oil? Retreating Arctic Ice Opens Vast Reserves to Russian Drillers

        A bill authored by the Ministry of Natural Resources was in October this year hammered through parliament. It grants oil and gas companies expanded rights to explore resources both in internal and territorial waters and is aimed at lowering the financial burden of the oilmen engaging in the region.?It allows us to increase the intensity of geological exploration in these waters,? ministry representative Yevgeny Tanin says.Big resourcesAccording to the ministry, there are huge hydrocarbon reserves hidden under the shallow seas in the area. Only the license area of Khastakh-more in the Laptev Sea might hold about 13 billion cubic meters of natural gas and 500,000 tons of condensate, the government body informs. Similarly big resources are located in licenses like the Prigydansky area in the Kara Sea, as well as in parts of the Barents Sea.The new legislation is adopted ...

        Public Policy

        “We Do Not Seek War,” Says President Who Just Started A War

        President Trump has been steadfastly assuring the world that the United States government does not wish to start the war it has already started by assassinating Iran’s top general.“We are a peace-loving nation and my administration remains firmly committed to establishing peace and harmony among the nations in the world,” Trump said in a speech at his luxury Mar-a-Lago getaway on Friday. “We do not seek war, we do not seek nation-building, we do not seek regime change, but as president I will never hesitate to defend the safety of the American people.”“We took action last night to stop a war. We did not take action to start a war,” the president added.To be clear, in no way is any part of this a thing. Assassinating a nation’s most senior military official, and then claiming that you do not wish ...

        CFR President Says “The World Will be the Battlefield” After Iran Escalatio thumbnail

        CFR President Says “The World Will be the Battlefield” After Iran Escalatio

        The President of the Council on Foreign Relations Richard N. Haass says that “the world will be the battlefield” following a dramatic escalation in tensions between the United States and Iran.Fears of a wider war are rising after Iran’s Quds Force General Qasem Soleimani was killed during an airstrike near Baghdad’s airport.Haass warned that those who thought any war with Iran would look similar to previous military campaigns were being incredibly naive.Make no mistake: any war with Iran will not look like the 1990 Gulf war or the 2003 Iraq wars. It will be fought throughout the region w a wide range of tools vs a wide range of civilian, economic, & military targets. The region (and possibly the world) will be the battlefield.— Richard N. Haass (@RichardHaass) January 3, 2020“Make no mistake: any war with Iran will not look ...

        U.S. Oil Production Is Competing Against Decline thumbnailU.S. Oil Production Is Competing Against Decline
        SummaryU.S. oil output continued to increase in October 2019. Production reached a new high ...
        EnviromentOur real existential crisis is extinction
        If Western elites were asked to name the greatest crisis facing mankind, climate change ...
        Oil Prices Up After US Drone Strike thumbnailOil Prices Up After US Drone Strike
        West Texas Intermediate (WTI) and Brent crude oil futures posted strong gains Friday as ...
        US Drone Airstrikes Kill Six Pro-Iran Militia Commanders thumbnailUS Drone Airstrikes Kill Six Pro-Iran Militia Commanders
        Whether he is eating ice cream or not, Trump appears to be on a ...

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        PO Real Time

        The profile image of placebokarl
        ?Placebokarl 4 hours ago

        @bobbi_dad @realaussie2 @quelineruby64 You are welcome to take your views to China and India to get a satisfactory result.PS Remeber #peakoil oil, thought not :-)

        The profile image of AxeHaft
        AxeHaft 6 hours ago

        Honest question: Is 'Peak Oil' a real thing? Science tells us it's a finite resource, but we just don't seem to be running out. Explain to me. #peakoil

        The profile image of UrbanWastljung
        Urban W?stljung 7 hours ago

        @Peters_Glen @hausfath @Aleklett told us that some years ago #peakoil