Peak Oil

Cal on November 18th, 2017

  The world’s first hybrid electric tram, using hydrogen as its main power source, is now operating on a 136-year-old railway in the Chinese city of Tangshan. It will be operating in more cities in China as well as abroad. Having three carriages with 66 seats, the tram can run for 40 kilometers at a maximum speed […]

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Cal on November 14th, 2017

China’s largest oil company Sinopec, one of that country’s top banks, and its sovereign wealth fund agreed to develop a $43 billion natural gas project in the US state of Alaska. When will we reach peak oil demand?  Royal Dutch Shell and Norway’s Statoil predict crude oil demand could reach its high as soon as 2025 […]

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Cal on October 24th, 2017

Global crude oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to energy consultant Wood Mackenzie. Oil consumption will keep expanding until at least 2035 as the petrochemical industry, which provides the […]

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Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on August 2nd, 2017

World crude oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, according to Royal Dutch Shell’s CEO.  Yet crude oil will still be needed for decades to come as it is likely to remain the main transportation fuel for planes, ships and heavy trucks. US crude […]

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Cal on May 31st, 2017

Predictions for Peak Oil Demand  

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Cal on May 24th, 2017

Excerpted from the Wall Street Journal, May 21, 2017   Get Ready for Peak Oil Demand There’s a growing consensus that the end of ever-rising consumption is in sight. The big question that many oil companies are debating: When?   The world’s largest oil companies are girding for the biggest shift in energy consumption since […]

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Cal on April 1st, 2017

A new report from Wood Mackenzie finds the break-even cost for deep water oil and gas projects, the US Gulf of Mexico in particular, has dropped from around $70 per barrel to below $50 per barrel. The report estimates the average cost to develop deep water projects globally have dropped more than 20%. The cost reductions are being driving […]

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