The Guardian Demands Nationalisation of All Oil Companies Because Climate Change

Guest essay by Eric Worrall According to Guardian author Owen Jones, Extinction Rebellion aren’t being radical enough; demanding large scale nationalisation is the only way to stop an ongoing rise in oil production. How to stop climate change? Nationalise the oil companiesOwen Jones Fri 26 Apr 2019 03.35 AEST If only the Daily Express was right.…

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Abiotic Oil: Real(ish)Things That Don’t Matter, Part Deux

Guest Seinfeld routine by David Middleton In part one of this series, we looked at Peak Oil and its irrelevance to energy production. In Part Deux, we will look at “abiotic oil,” a real(ish) thing that really doesn’t matter outside of academic discussions and SyFy blogs. A note on terminology Some refer to this as…

¡La cumbre del petróleo! Venezuela-Style!

AKA: Peak Oil, Venezuela-Style! Guest socialism bashing by David Middleton Venezuela is in a state of collapse due to its embrace of socialism.  Once the wealthiest nation in South America, it is now in financial ruin.  Despite having more proved oil reserves than any other nation on Earth, they can’t even afford to produce and…

Peak Ghawar: A Peak Oiler’s Nightmare

Alternate title: No… “The biggest Saudi oil field is [NOT] fading faster than anyone guessed”… Part Trois: Why Peak Oil Is Irrelevant and the Perpetually Refilling Abiotic Oil Field Is Abject Nonsense Guest reservoir geology by David Middleton Saudi Aramco’s recent bond prospectus has generated a lot of media buzz, particularly regarding the production from…

Demand for Aramco bond offering breaks records… Tops $85B

Alternate title: No… “The biggest Saudi oil field is [NOT] fading faster than anyone guessed”… Part Deux: Take your disinvestment and shove it where the solar panels don’t function. Guest post by David Middleton PUBLIC CAPITAL Aramco Breaks Record As Demand For Its Bond Tops $85 Billion Davide Barbuscia and Rania El Gamal, Reuters Tue,…

What would life be like without fossil fuels such as gas and oil?

Leftists like Bill McKibben of 350.org suffer from irrational fantasies that lead them to believe that we can move society forward without all the benefits that petroleum brings to our modern society. They’re dead wrong of course, and this short humorous video illustrates just what life might be like without the many products and energy…

Economist Foresees “Quick Decline” in US Oil Production

Guest gainsaying by David Middleton U.S. Oil Production Is Headed For A Quick Decline By Philip Verleger – Mar 11, 2019 The most recent forecasts published by the US Energy Information Administration show US oil production increasing steadily. The February Short-Term Energy Outlook sees the output from US wells rising from 11.9 million barrels per day at…

Another Failed Energy Prediction: Peak Oil Demand

Guest post by David Middleton BP’s ‘Peak Oil’ Demand Prediction Falls Flat By Jude ClementeFebruary 22, 2019 Always mandatory reading, BP just released its Energy Outlook 2019. It has caused quite a stir again this year. But, this time the commotion that I see surrounds BP’s forecast that the global war on plastics will be the main factor…