Tag: Peak Oil

National Park Visits vs Oil Price

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

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Buckminster Fuller Comic

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

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Supermajor Oil and Gas Production and CAPEX for Q1 2017

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

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Supermajor Oil and Gas Production and CAPEX for Q4 2016

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Record High US Gasoline Consumption and Sales of Muscle Cars, SUVs and Pickup Trucks

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

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Supermajor Oil and Gas Production and CAPEX for Q2 2016

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.

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Peak Supermajors 2Q2016 Results

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

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Peak Supermajors 1Q2016 Results

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

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Peak Supermajors Introduction & 4Q2015 Result

Introduction Today I would like to introduce my “Peak Supermajors” project. The goal of this project is to answer the question “when will we reach peak oil” by studying the production and financial health of the world’s largest oil companies.

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Peak Oil + Autonomous Cars = Traffic Nightmare

Autonomous Cars For a number of years now, high-end luxury cars have had autonomous cruise control systems that use lasers or radar to maintain a set distance to the car ahead. Earlier this month Tesla rolled out an autonomous driving mode in its

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