Peak Oil Demand and the Middle East: Even More Bad News?

Guest essay by Tilak Doshi – Senior Visiting Research Fellow, Middle East Institute, National University of Singapore It would seem that the Middle East oil producers cannot get enough of bad news these days. The coronavirus pandemic and the collapse in global energy demand in the first quarter of 2020 led to oil prices plunging…

Another Permian Basin Peak Oil Prediction… Yawn.

Guest “who fracking cares?” by David Middleton What is so newsworthy about peak oil predictions? The latest is from someone named Adam Waterous and it’s all over the news. This is a typical example: MarketsPeak Permian Oil Output Is Closer Than You Think, Investor SaysBy Simon CaseyJanuary 14, 2020 -Adam Waterous says U.S. shale is…

MBrAGA

Why is the Brazil oil spill still described as “mysterious”?

Guest “why?” by David Middleton Mysterious oil spill threatens marine biodiversity haven in Brazil By Herton Escobar Nov. 4, 2019 , 4:50 PM Marine scientists in Brazil are closely monitoring the incursion of a mysterious oil spill into the largest biodiversity hot spot in the South Atlantic Ocean. The region, known as the Abrolhos Bank, shelters…

Predictions are Hard, Especially About the Future

Gasoline vs Electric Vehicle Future Fuel Costs This was originally a comment on David Middleton’s post, https://wattsupwiththat.com/2019/10/31/the-oil-age-is-doing-just-fine-bloomberg-new-energy-finance-notwithstanding/ The original comment was from Detengineer, in reply to another comment from Mark, so the 2nd paragraph is directed at Mark, not David. Detegineer goes into very good detailed calculations, on replacing ICE with EVs. Mod. I think…

ExxonMobil & Chevron Eviscerate Democrat Frac’ing Ban Fantasies

Guest “that was easy” by David Middleton Like most Bloomberg energy articles, this is very stupidly written… Starting off with the headline that implies that “Warren’s fracking ban” is something more than a fantasy… PoliticsExxon, Chevron Begin Pushing Back Against Warren’s Fracking BanBy Kevin CrowleyNovember 1, 2019 America’s two biggest oil companies are starting to…

Another Ignorant Forecast of the Death of the Shale Boom

Guest “riiiight” by David Middleton From the perpetually wrong Nick Cunningham at Oil Price Dot Com… US Shale Production Is Set For A Steep DeclineBy Nick Cunningham – Oct 01, 2019 U.S. oil production fell in July, another worrying sign for the shale industry. The latest EIA data shows that oil output fell sharply in…