Florida Appeals Court: “Everglades open for oil drilling”… Drill, baby, drill!

Guest cheer-leading by David Middleton Everglades open for oil drilling after court ruling A Tallahassee appeals court reversed a decision by the state’s Department of Environmental Protection Tuesday, ultimately granting Kanter Real Estate the authority to drill. By Samantha J. Gross Feb. 5 TALLAHASSEE — After nearly four years of legal battles, a Miami family…

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Saudi Aramco CEO: “Not losing any sleep over ‘peak oil demandʼ or ‘stranded resourcesʼ” and the reality of energy transition.

Guest post by David Middleton If Alexandria Occasional Cortex and the rest of the Green New Deal nitwits only had the mental capacity to understand Amin H. Nasser’s 2018 CERA presentation… “Lifting the hood on the real future facing the petroleum industry” HOUSTON, Texas, U.S., March 06, 2018 Remarks by Amin H. Nasser, Saudi Aramco President…

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

Guest congratulating by David Middleton USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico Release Date: NOVEMBER 28, 2018 Estimates Include 46.3 Billion Barrels of Oil, 281 Trillion Cubic feet of Natural Gas, and 20 Billion Barrels of Natural Gas Liquids in Texas and New Mexico’s Wolfcamp Shale and Bone Spring Formation. WASHINGTON…

Oil Production at 100 million bbl/d: “Twin peaks straining the system to the limit”? Or just another day at the office in a highly resilient industry?

Guest commentary by David Middleton From the International Energy Agency’s Oil Market Report (OMR): Home » Newsroom » News » 2018 » October OMR: Twin Peaks 12 October 2018 Both global oil demand and supply are now close to new, historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow any…

Bloomberg Oil Strategist: “Oil Prices Are Down. Nobody Told the Gas Pumps”… Next Time, Maybe Do a Little Research!

  Guest Bloomberg Oil Strategist Correcting by David Middleton Oil Prices Are Down. Nobody Told the Gas Pumps Julian Lee 19 August 2018 (Bloomberg Opinion) — Oil’s popularity isn’t what it used to be. […] Although dollar-denominated crude prices are currently around 40 percent below their level just before the 2014 price crash, the same…

The End of Oil and Gas

By Andy May 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…

Whatever happened to fears over “peak oil”?

By Michael Lynch, Forbes Very few people realize that the entire concerns about peak oil were based on misinformation or junk science. A decade ago, the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even the Simpsons mentioned it in an episode…