Peak Oil
6 FOLLOWERS
View articles that explore the issue of hydrocarbon depletion in the U.S and the world. PeakOil.com is a strictly non-commercial & non-affiliated news aggregation and a message-board social networking news site. We are an online community run for and by the members.
Peak Oil
3w ago
Despite feigning interest, Big Oil still appears to oppose the global green transition and could well stand in its way. As Saudi’s state oil company leader condemns the green transition and calls for long-term oil production, other major industry players are voicing their scepticism around renewable energy and clean tech. Despite large investments into green ..read more
Peak Oil
3w ago
Recent analysis by Wood Mackenzie finds that, based on forecasted 2030 net cash margins, 121 out of 465 screened refineries are at some risk of closure. This represents a cumulative 20.2 million b/d of refining capacity, or 21.6% of global 2023 capacity. The future viability of refinery facilities will be dependent on a combination of ..read more
Peak Oil
3w ago
Lest you weep for those whose phantom wealth will be drained away, recall that few win when a reserve currency dies. Labor can start earning the day after the reset, but the capital lost is gone for good. Outside the “everything’s always fine” echo-chamber, the consensus is that easily created fiat currencies will all evaporate as ..read more
Peak Oil
1M ago
Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday. “In the real world, the current transition strategy is visibly failing on most fronts,” Saudi Aramco Chief Executive Amin Nasser said at the CERAWeek conference in ..read more
Peak Oil
1M ago
Scientists in Korea have sustained plasma at temperatures seven times hotter than the sun for longer than ever before after upgrading a key component, an advance that could provide invaluable data for an international fusion mega-project planned to launch next year. The Korean ‘artificial sun’, known as KSTAR, sustained the plasma at temperatures of 100 ..read more
Peak Oil
1M ago
Granite Shore Power (GSP) announced an agreement with U.S. Environmental Protection Agency (EPA) setting a firm date for the voluntary closure of Merrimack Station and Schiller Station, New England’s last remaining coal plants. Merrimack Station has two coal-fired steam units and two kerosene-fueled combustion turbine units for a total of 482 MW (winter capacity). The ..read more
Peak Oil
1M ago
The perils that threaten the continuity of human civilization are so obvious that it is puzzling that so little is being done to counter these perils. In fact, much is being done to hasten their arrival. Climate change, nuclear war, toxic pollution leading to complete loss of human fertility, solar storms and electromagnetic pulse weapons ..read more
Peak Oil
2M ago
An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the U.S. military said Saturday. It also warned of the danger of a spill from the vessel’s cargo of fertilizer. The Rubymar, a British-registered, Lebanese-operated cargo vessel, was attacked on Feb. 18 while sailing through the ..read more
Peak Oil
2M ago
As the energy transition continues to accelerate, demand for each of the fossil fuels is likely to peak before 2030. Oil and gas companies must plan for an economy with falling hydrocarbon use; for most, this means setting a strategy that includes planning for declining hydrocarbon output. To ensure that transition strategies are duly executed ..read more
Peak Oil
2M ago
As the U.S. Supreme Court Wednesday (Feb. 21) held oral arguments on the legality of the Environmental Protection Agency’s “good neighbor” policy to limit upwind states from polluting downwind states, two legal constructs dominated the discussion: “severability” and the court’s “emergency docket.” The case is “Ohio et al v. EPA” brought by several states and joined ..read more