Sentences with phrase «peak of oil»

The Oil Drum, a website dedicated to peak oil news and discussion (if you don't know what «peak oil» is, you can read this primer), has a nice summary of arguments and analyses that tend to indicate that we are either on the peak of oil production or very close to it.

Hence we have a world in denial about the impending peak of oil production.

The point is this: As the peak of oil production comes and goes, and as natural gas does the same sometime later, people are going to become ever more desperate in a fossil - fuel constrained world.

As the peak of oil production is approached and passed, we must expect the price of oil and LPG to rise.

It has been particularly unfortunate for the U.S. that at the very time discussions of peak oil have turned serious, with the peak of oil production now in sight (or maybe already behind us), we elected two oil men to run our nation.

Charles Hall, a professor at the State University of New York who researches energy and wealth, in graph after graph showed that almost every oil - producing country has reached its peak of oil production.

The «peak oil» school, which has argued that we have passed the peak of oil discovery and are now in permanent decline, has been proved wrong.

«You could have multiple peaks of oiled birds.

Not exact matches

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

Transporting sand, drilling pipe, and crude oil furnished only 4.5 % of UP's volumes at the peak in 2014.

At its peak, in the spring of 2012, light oil at Edmonton was trading at a discount of almost $ CDN 40 per barrel to Brent prices, and at a discount of almost $ CDN 20 / barrel to U.S. mid-continent prices.

It has concluded that oil demand is likely to peak sometime between the late 2020s and the late 2040s because of an epic shift underway in the energy industry: a transition from petroleum to electricity.

Internal studies by a group of analysts within Shell known as the «scenarios» team had concluded that global demand for oil might peak in as little as a decade — essentially tomorrow in an industry that plans in quarter - century increments.

The acceptance of the notion that global oil demand will peak within a generation is mind - blowing given that, just a decade ago, the chatter in the energy world was about a coming peak in oil supply.

When the oil - demand peak came, Shell believed, petroleum prices might begin a slow slide, dipping too low to cover the costs of oil - sands production.

The International Energy Agency, which says that global oil demand could peak around 2020 if governments adopted particularly green policies, predicts that even if it happened, oil still would account for 23 % of total global energy in 2040, down from 32 % in 2016.

The new Vito is right - sized, the Shell team hopes, for a world of peaking oil demand.

With other parts of the world already in turmoil, fallout from Syria could upend the dynamic, as the peak summer season for oil demand approaches, keeping oil prices in a new, elevated range.

A survey conducted recently by COMPAS Inc. found a majority of Canadian CEOs polled subscribe to peak - oil theory — the idea that the planet is running out of easily accessible and economical oil — but believe it is difficult to predict when peak production will occur.

Neither cut was a particular surprise: Buffett had previously said he erred in buying Conoco at a peak price for oil (though now, of course, the commodity's rising price is putting a different cast on the investment) and he had publicly protested Kraft's 2010 purchase of Cadbury, which he thought not in the interests of Kraft's shareholders.

This billionaire inrnthe oil and gas businessrnsaw his pilernshrink somewhat this year withrnthe declining share price of CanadianrnNatural Resources, the firmrnhe shepherded to the peak ofrnthe country's energy market.rnEdwards, who is also the ownerrnof the Calgary Flames, has hadrnother issues on his mind, however — this fall he has been anrninfluential player in the NHLrnlockout negotiations.

Thiel's peak - oil thesis did well by Clarium until mid-2008, as the price of oil soared from about $ 40 a barrel in 2002 to nearly $ 140.

The price drop is an unexpected turn of events for an industry that for decades has operated under the assumption of Peak Oil — geophysicist M. King Hubbert's theory, first proposed in 1956, that the United States» then soaring oil production would peak and begin to decline around 1Peak Oil — geophysicist M. King Hubbert's theory, first proposed in 1956, that the United States» then soaring oil production would peak and begin to decline around 19Oil — geophysicist M. King Hubbert's theory, first proposed in 1956, that the United States» then soaring oil production would peak and begin to decline around 19oil production would peak and begin to decline around 1peak and begin to decline around 1970.

And unlike with the oil industry, no «fracking» method has been invented yet to extract gold from hard - to - reach areas, though Barrick — the world's largest producer by output — has been experimenting with sensors at its Cortez project in Nevada.What Pierre is talking about, of course, is the idea of «peak gold.»

The alleged news about the «Death of Peak Oil» were grossly overestimated - Peak Oil remains the reality of yesterday, today and tomorrow.

My question is this... How does this affect peak oil (or, as I like to call it, the end of the Industrial Age)?

It was driven by growing Chinese and other Far East demand and by dwindling oil supplies following the peak of conventional production in 2005.

Oil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own oOil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own ooil - exporting countries increasingly consume more of their own oiloil.

OPEC hopes to stimulate demand through low oil prices back to the peak levels that existed before the price shocks of the 1970s and 1980s.

High oil prices in 2007 and 2008 were due to a large and persistent production supply deficit because of high demand from China and the Far East, and dwindling supplies following the peak of conventional oil production in 2005 (Figures 15 and 17).

What's more, analysts with Bank of America Merrill Lynch believe that oil demand will peak sometime after 2050, «as long as we remain in a relatively low oil price environment of $ 55 - 75 per barrel in real terms.»

But oil is still far cheaper than at the peak of the previous eight - year boom that began in 2006 North Dakota's Bakken oil patch and supercharged the city of Williston.

However the EIA's own Drilling Productivity Report has shale oil, the source of almost all US production gains, peaking in April with an increasing decline in May, June and July.

Before founding K2, he was with American Capital Ltd., a publicly - traded buyout and mezzanine fund (NASDAQ: ACAS), where he created the American Capital Energy Group, building a peak portfolio of nearly a billion dollars of market value of energy - related equity and debt investments across oil and gas production, oilfield services, utility services and alternative energy.

It's worth noting that also leaves Saudi exports of crude oil significantly below their recent peak.

So the sharp fall in oil prices has certainly been disruptive, but stabilization from distressed trough levels should be good for economic growth even if the price of oil doesn't rebound back to peak levels of above $ 100 a barrel in 2014.

Since 1999, the price of West Texas Intermediate — one of the price benchmarks for oil used today in the market — has jumped by nearly 700 %, reaching a peak of $ 147 in 2008.

The new calendar year has witnessed a sharp improve in revenue downgrades from oil and fuel firms, which have been strike by the cost of Brent crude a lot more than halving from its peak of $ 115 a barrel in June.

Russia's economy grew at 7.2 % per year from 2000 to the peak of the global financial crisis in 2009, fueled by huge oil and gas revenues.

According to Bank of America Merrill Lynch, an extended period of low oil prices could mark the peak of the Gulf macro story.

The Conference Board report also predicts direct employment at oil producers «will expand by just 2,150 net new positions» over the next four years, when it will reach «66,470 jobs, which is still below the 2015 peak» of 72,600 jobs.

Instead of the world on a collision course of fighting over the last drop of oil, now it seems that we have turned the world upside down and now we are seeing predictions that oil demand will peak.

Peak oil is a real threat to a huge segment of the energy industry.

Having peaked ahead of the Iraq war and fallen sharply following its commencement, the price of West Texas Intermediate crude oil has since risen again, amidst uncertainty about the resumption and continuity of Iraqi export supply.

In 1906, the year of a peak that was not exceeded for ten years, President Theodore Roosevelt filed his famous suit against the country's largest company, Standard Oil.

If you haven't heard of «peak oil» before, you'll be hearing a lot more about it in the coming years, because it's here.

European oil demand peaked more than 20 years ago and has fallen in each of the last five years.

Nonetheless, vehicle sales keep failing to rise through their previous cyclical peaks, in spite of rising employment, record low financing costs and low oil prices (charts from CalculatedRisk)

This recent global oil price drop is mostly due to slacking demand and the coincidence of U.S. shale output, not some infinite supply of tight oil that disproves the whole Peak Oil phenomenoil price drop is mostly due to slacking demand and the coincidence of U.S. shale output, not some infinite supply of tight oil that disproves the whole Peak Oil phenomenoil that disproves the whole Peak Oil phenomenOil phenomenon.

Chris Martenson, economic researcher, trend forecaster, The Crash Course author, and founder of Peak Prosperity, discusses the eight forms of capital you need to become resilient to crisis, how the financial system scams hapless investors, and why gold will get much more valuable once the next oil crisis hits.