There was an interesting article this week in the New York Times about overcrowding at National Parks. Our family visited Zion National Park this summer (where almost all of the photos are from in this article) and I can certainly…
There was an interesting article this week in the New York Times about overcrowding at National Parks. Our family visited Zion National Park this summer (where almost all of the photos are from in this article) and I can certainly…
Stuart McMillen, an Australian comic artist, recently released a new comic about Buckminster Fuller’s idea that we all have thousands of “energy slaves” working for us in the form of finite fossil fuels. I particularly enjoyed these two slides which…
The supermajor oil and gas companies reached peak oil in 1973. This was a “political peak” caused by oil reserve nationalizations. They reached a second peak in 1998 and oil production has declined by about 2 million barrels per day…
Moving towards sustainability means moving towards a world that “meets the needs of the present without compromising the ability of future generations to meet their own needs.” Unfortunately this is a lot easier said than done and the individual actions…
I’ve written before about demand destruction, but with gasoline prices at historic lows right now we are seeing the opposite: demand rebound. Gasoline sales in the United States are approaching all-time highs last seen right before the “great recession.” People are taking…
As part of my “peak supermajor” project, I discuss the oil and gas production and capital expenditure of the supermajor oil and gas companies from 1900 through the 2nd quarter of 2016. Please leave me comments below.
Overview Between 1999 and 2014 the liquid oil production rate for the supermajor oil and gas companies was on a steady decline. Between Q2-2014 to Q1-2016 this trend reversed, with liquids production increasing by over a million barrels per day. This increase in production…
Overview Supermajor liquids production increased significantly year-over-year and quarter-over-quarter. This is partly due to a large increase in capital expenditures by the supermajors from 2006 to 2013. Interestingly, this large increase in capital spending has not abated the drop in natural gas…