News Article

Memories of Peak Oil - Is it too much to hope that even peak-oil cultists will find it impossible to ignore the latest numbers?

Memories of Peak Oil - The American Magazine
Via american.com » Submitted On Tue, 02/26/2013 - 6:17pm by Norman Wolfe

When the final figures for the fourth quarter of 2012 are in, the world will have a new crude oil production record: the total for the first three quarters was about 1 percent ahead of the 2011 total. This is a remarkable achievement for a commodity with annual output that now surpasses, for the first time ever, 4 billion metric tons and which has been, for decades, the largest source of fossil energy and the most valuable item of international commerce.

But the IEA also says that the world has already reached the peak of conventional oil extraction

 

Comments

OIL - you better sit down... Here's an interesting read, important and verifiable information: About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest.

 … More
1 year 4 months ago

Note: just to make sure you don't get too hyped up by Stansburry Research - I am very familiar with the oil shale in the Rocky Mountain region. It is huge, and a very small portion is being developed (and some is being set off-limits by environmentalists).

 … More
1 year 4 months ago

This is not Stansburry. This is straight from the source.

1 year 4 months ago

Hydraulic Fracturing of Oil & Gas Wells Drilled in Shale. Hydraulic fracturing and horizontal drilling have turned unproductive shales into the largest natural gas fields in the World.

How Long Has Hydraulic Fracturing Been Used?

 … More
1 year 4 months ago
Log in or Register to write a comment.