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…

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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…

M. King Meets the EIA

Guest Post by Willis Eschenbach Dramatis Personae: The “EIA” is the US Energy Information Agency, the US agency in charge of data about energy production, consumption, and use. It has just released its January 2014 Short Term Energy Report, with current and projected oil production figures. And “M. King” is Marion King Hubbert, the man who…

Conventional Wisdom, Unconventional Oil

Guest Post by Willis Eschenbach There’s a discussion over at Judith Curry’s excellent blog, about peak oil. I find the whole madness surrounding peak oil to be one more example of our human love for warnings of future disaster. Few people want to hear that tomorrow will be OK, that things will work out. Instead,…

Price-Driven US Energy Independence

Guest post by David Archibald Mike Jonas’ recent post (http://wattsupwiththat.com/2012/01/03/peak-oil-the-rp-ratio-re-visited/#more-54146) has prompted me to revisit the subject of US energy independence. The best report on the subject of peak oil was produced by the Australian Government and then suppressed by the Australian Government. This is Report 117 written by Dr David Gargett of the Bureau…

Peak Oil – the R/P Ratio re-visited

Guest post by Mike Jonas On Dec 13, Willis Eschenbach posted a convincing (and eloquent as always) argument “The R/P Ratio” against Peak Oil being imminent. I would like to present a different view. In fact I draw the opposite inference from the same statistic. From the BP data [1], Willis argued that the “R/P…

Peak Oil – now for the downslope

Guest post by David Archibald When I posted on peak oil’s effect on agricultural costs and food security, some comments questioned the idea of peak oil. What follows is a summary of the subject. We will start with what is considered to be the most successful economic forecast ever made – the prediction in March…