PowerSwitch

[Lord Beria3]

https://www.financialsense.com/perfect-energy-storm

The FS team do a great podcast on why peak oil never went away and the dynamics within the global oil market.

They cover the alleged "peak demand" story, the massive rise of US shale oil and the unreported fact that depletion rates are now 6%.

Summary: a major supply crunch is looming in 2/3 years (even if there is a recession next year which is considered likely).
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Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction

[Lord Beria3]

Update on peak oil and the wider global economy...

http://www.postcarbon.org/the-end-of-growth-seven-years-later/

Update on shale oil and tight oil...

http://www.postcarbon.org/the-problem-with-eia-shale-gas-and-tight-oil-forecasts/
_________________
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction

[johnhemming2]

This is always a useful tool for looking back
https://www.iea.org/oilmarketreport/omrpublic/

What happened just over 10 years ago was the conventional peak which was accompanied with a price spike and continual removals from stocks.

This could have started in early 2017, but I think it is too soon to tell.

I think it is extractors limits rather than geological limits that are key at the moment.

[vtsnowedin]

[johnhemming2]

In the period 2005-10 I think the geological limits were most important in the sense of a peaking of conventional oil.

In terms of this history of carbon based fuels (starting with wood and charcoal) we have moved into an era where the sources are harder to obtain rather than more convenient.

[vtsnowedin]

[johnhemming2]