first $1t company by market cap
Tag: peakoil
free Gas Traffic
Allstate found that that drivers in Flint and Warren, Michigan were some of the “most improved” when it came to reducing the number of car crashes. The insurance company rewarded motorists in those towns with 37 free liters of gas. What was the result of the Allstate promotion? Total traffic chaos.
oh the irony
Corpse Fuel
in the worst case scenario, the oil industry could “keep fuel flowing” by transforming the billions of people who die into oil
Markets Work, Even in Oil
oil consumption in the OECD fell 0.6% in 2006. It marks the first annual drop in more than 20 years among the OECD countries, which drain close to 60% of the 84.4M barrels of oil used globally each day.
Saudi Arabia
The Iran war mongers are getting a clear warning from Saudi Arabia. Cheney was “summoned” to Riyadh.
The White House has wanted it to be believed that Cheney went about the Middle East “lining up” the Sunni leaders to support the Zelikow plan for further empowerment of the Shia Arabs against the Sunni Arab insurgents in Iraq.
2007-05-12: The super-giant Ghawar Oilfield in Saudi Arabia has been responsible for over 50% of Saudi Arabia’s crude oil production.
2008-06-21: Saudi oil increase
In the absence of any additional crude supply, for every 1% of crude demand, we will expect a 20% increase in price in order to balance the market.
2013-09-27: You don’t need alcohol to drunk drive
2014-04-02: With the ruler on his deathbed, you gotta wonder what will happen to Saudi Arabia, which isn’t really a historical construct, just held together by crazy (the oil helps too)
2015-01-16: Robb is interesting as always. It seems likely that the end game involves Saudi Arabia, and soon.
Saudi Arabia knows it is in trouble, that’s why the Saudis are trying to buy influence in the west through a cheap oil policy (at the same time, a low price puts the hurt on US frackers and ISIS oil smugglers alike). However, ISIS trumped this effort with Charlie Hebdo. It will be difficult for the Saudis to convince the west they are the real target after the attack in Paris.
2015-02-04: Saudi Arabia Holds All Male Women’s Rights Conference
As is to be expected from Saudi Arabia, a country firmly under the grip of Sharia Law, 0 women attended the event. Perhaps more hypocritically, a single woman is yet to speak at a University of Qassim summit.
2015-08-06: Saudi spending
Social spending is the glue that holds together a medieval Wahhabi regime at a time of fermenting unrest among the Shia minority of the Eastern Province, pin-prick terrorist attacks from ISIS, and blowback from the invasion of Yemen. Diplomatic spending is what underpins the Saudi sphere of influence in a Middle East suffering its own version of Europe’s 30 Year War, and still reeling from the aftershocks of a crushed democratic revolt. We may yet find that the US oil industry has greater staying power than the rickety political edifice behind OPEC.
2018-04-03: Saudis Remake Middle East
But, as sweeping as MBS’s economic and cultural reforms may be, he has expressed no interest in liberalizing the country’s political system. Indeed, the model that seems to best conform to his vision is China, with its dynamic economy, literate population, and authoritarian rule. His efforts are being carried out with 1 overriding goal: to preserve the House of Saud.
Shorting SUV
john robb thinks a recession in the us is almost a certainty based on gasoline futures hitting $2.80. where is the basket of SUV manufacturers to short when you need it?
Peak Oil
When first assuming office in early 2001, President George W. Bush’s top foreign policy priority was not to prevent terrorism or to curb the spread of weapons of mass destruction. Rather, it was to increase the flow of petroleum from suppliers abroad to US markets. In the months before he became president, the United States had experienced severe oil and natural gas shortages in many parts of the country, along with periodic electrical power blackouts in California. In addition, oil imports rose to more than 50% of total consumption for the first time in history, provoking great anxiety about the security of the country’s long-term energy supply. Bush asserted that addressing the nation’s “energy crisis” was his most important task as president.
interesting analysis that links hubberts peak with the carter doctrine.
2007-03-08: Exxon on Peak Oil. Evasive. hmm
Bartiromo … asked Tillerson how Exxon could be expected to keep growing its reserves of oil and gas when $20B a year in capital spending through the rest of this decade will only result in an extra 1M barrels a day in production volume, according to Exxon’s estimates. Tillerson didn’t really answer the question, merely repeating his assertion that Exxon’s volumes will keep growing through the end of the decade. In a later exchange, he added that the world’s oil would not run out in his lifetime.
2018-10-16: OPEC accelerating peak oil? That would be a great way to accelerate the move towards a post-oil society. And of course, make domestic oil even more competitive. Checkmate
While analysts doubt Riyadh would go as far as an energy embargo now, the government has used oil resources to exert political pressure before. During the 19 70s, a Saudi-led coalition slashed oil exports to the US in protest of Washington’s support of Israel in the Yom Kippur War. “We cannot entirely rule out that the leadership would dust off the 1973 playbook if the bilateral relationship with Washington deteriorates sharply from here
2020-12-01: Peak oil now
Most analysts had only predicted declining demand for oil in improbably green scenarios that could only be achieved with far stronger global climate policies. What made BP’s 2020 forecast unique is that peak oil now snuck into its business-as-usual baseline. If technologies and pollution rules improve, the dropoff in demand would be even more swift.
Well-researched Article about how the oil majors are being forced to change.
bad mileage
Every day, people are using the fossil fuel equivalent of all the plant matter that grows on land and in the oceans over the course of a whole year.
driving a SUV is terrorism.
Plastics
Unlike other solid-to-liquid-fuel processes such as cornstarch into ethanol, this one will accept almost any carbon-based feedstock. If a 80 kg man fell into one end, he would come out the other end as 17 kg of oil, 3 kg of gas, and 3 kg of minerals, as well as 56 kg of sterilized water. While no one plans to put people into a thermal depolymerization machine, an intimate human creation could become a prime feedstock. “There is no reason why we can’t turn sewage, including human excrement, into a glorious oil”.
Just as we are hitting the hubbert peak, we get a technology that may make oil rigs obsolete:
Andreassen and others anticipate that a large chunk of the world’s agricultural, industrial, and municipal waste may someday go into thermal depolymerization machines scattered all over the globe. If the process works as well as its creators claim, not only would most toxic waste problems become history, so would imported oil. Just converting all the US agricultural waste into oil and gas would yield the energy equivalent of 4B barrels of oil annually. In 2001 the United States imported 4.2B barrels of oil. “This technology offers a beginning of a way away from this.”
With their main (only?) source of income in danger, what will the middle east kleptocracies do?
because
The only thing this process can’t handle is nuclear waste. If it contains carbon, we can do it.” and Thermal depolymerization has proved to be 85% energy efficient for complex feedstocks, and even higher for relatively dry raw materials, such as plastics
it will be possible to jump start the distributed power infrastructure worldwide.
2007-07-11: Ocean of Garbage
Held together by a slowly rotating system of currents northeast of Hawaii, the Eastern Garbage Patch is more than just a few floating plastic bottles washed out to sea; the Patch is a giant mass of trash-laden water 2x the size of Texas.
2008-01-11: Why not in the US?
Declaring war on the “white pollution” choking its cities, farms and waterways, China is banning free plastic shopping bags and calling for a return to the cloth bags of old
2013-12-05: Depolymerization was hailed as the solution ~10 years ago: turning plastic back into more versatile compounds. I weirdly haven’t heard much about it since. Probably because no one cares about trash?
2015-06-22: Recycling doesn’t work
almost every facility like it in the country is running in the red. More than 2K municipalities are paying to dispose of their recyclables instead of the other way around.
Anything that requires constant vigilance (sorting) combined with subsidies isn’t going to work even medium-term. looks like recycling needs a big reboot.
2017-04-26: Plastic-eating worms. This sounds like one of those “obvious solutions”, like releasing rabbits in Australia to deal with a forgotten problem. Fear our future where the wax worm is up there with rust as a mortal enemy of civilization.
While other organisms can take weeks or months to break down even the smallest amount of plastic, the wax worm can get through more—in a far shorter period of time. The researchers let 100 wax worms chow down on a plastic grocery bag, and after just 12 hours they’d eaten 4% of the bag. That may not sound like much, but that’s a vast improvement over fungi, which weren’t able to break down a noticeable amount of polyethylene after 6 months.
2019-02-07: Hydrothermal liquefaction
Hydrothermal liquefaction could change the world’s polyolefin waste, a form of plastic, into useful products, such as clean fuels and other items. Once the plastic is converted into naphtha, it can be used as a feedstock for other chemicals or further separated into specialty solvents or other products. There is 1B tons of polyolefin waste in landfills.
2019-03-13: Plastic recycling never worked, and was a greenwashing effort by the industry, and dum-dums fell for it.
Even before China’s ban, only 9% of discarded plastic was being recycled, while 12% was burned. The rest was buried in landfills or simply dumped and left to wash into rivers and oceans. Without China to process plastic bottles, packaging, and food containers—not to mention industrial and other plastic waste—the already massive waste problem posed by our throwaway culture will be exacerbated, experts say. The planet’s load of nearly indestructible plastics—more than 8B tons have been produced worldwide over the past 60 years—continues to grow.
2020-01-10: Thai Hacks
As Plastic bag ban hits Thailand, consumers adapt with variety of household carrying items

2020-01-20: Plastic Surge
Companies like ExxonMobil, Shell, and Saudi Aramco are ramping up output of plastic to hedge against the possibility that a serious global response to climate change might reduce demand for their fuels. Petrochemicals now account for 14% of oil use, and are expected to drive 50% of oil demand growth between now and 2050. The World Economic Forum predicts plastic production will double in the next 20 years.
2020-03-03: Microplastics
Every human on Earth is ingesting 2000 particles of plastic a week
2020-04-11: 90% breakdown of PET in under 10 hours. Process is still expensive and needs to scale further.
2020-07-08: Apples are the most contaminated fruit while carrots are the vegetables most affected. This is a much bigger problem than the performative efforts to clean up the great pacific garbage patch.
THROW A POLYESTER sweater in the washing machine and it’ll come out nice and clean, but also not quite its whole self. As it rinses, millions of synthetic fibers will shake loose and wash out with the waste water, which then flows to a treatment plant. Each year, a single facility might pump 21B of these microfibers out to sea, where they swirl in currents, settle in sediments, and end up as fish food, with untold ecological consequences.
2021-10-14: There’s now a startup using PET breakdown technology.
The company plans to use what it learns from the demonstration facility to build its first industrial plant, which will house a reactor 20x larger than the demonstration reactor. That full-scale plant will be built near a plastic manufacturer somewhere in Europe or the US, and should be operational by 2025. Manufacturing PET from enzymatic recycling could reduce greenhouse gas emissions between 17% and 43% compared to making virgin PET.
2022-03-04: Meanwhile, stop it with the performative cleaning:
Last month, a group of marine biologists noticed something fishy in a video by a nonprofit called The Ocean Cleanup. “This is likely a staged video. I call bullshit.” In the 25-second clip, a large net appears to dump 4000 kg of plastic waste, including crates, buckets, and fishing gear, onto the deck of a ship. The Ocean Cleanup, which has raised more than $100m on the promise to rid plastic from the seas, said the trash in the video was just pulled from the Great Pacific Garbage Patch. “It’s like mopping up the spill when the spigot is still on. We can’t clean up our way out of plastic pollution.”
2023-09-29: Big if true
78% of ocean microplastics are synthetic tire rubber