In 1956, a little-known geologist named Marion King Hubbert published a paper predicting that oil supplies were destined to reach a peak as the cheap and easy to tap reservoirs were depleted over time. He predicted that US oil production would peak somewhere between the late 1960s to early 1970s. Others, including oil financier Mathew… Keep reading →
The world uses about 91 million barrels of oil per day. And most forecasts suggest that oil consumption will rise over the next few decades, driven in large part by growing demand for transportation fuels, especially in Asia. Norway’s state-owned oil company, Statoil, predicts that oil demand will peak at around 105 million bbl/d in… Keep reading →
That global oil demand hit record levels last year is not breaking news. But the US Energy Information Administration highlighted an important trend today, one that features in conversations about the future of energy consumption perhaps less frequently than it should. Demand growth in Asia, Central and South America and other regions has been strong enough… Keep reading →
A combination of policy and market impediments to diversification of US transportation fuels has prompted the free market-focused Fuel Freedom Foundation to team up with policy-focused environmentalist and former Sierra Club Executive Director Carl Pope to pursue coordinated efforts to wean the US off its oil dependency. Pope and Fuel Freedom Foundation co-founder Eyal Aronoff… Keep reading →
Fracking-related earthquakes are back in the news, with a new study suggesting large overseas quakes triggered seismic activity in parts of the US where oil & gas drilling wastewater is disposed in deep injection wells. The findings, published in the Journal Science, are not limited to fracking, but appear to include any oil and gas… Keep reading →
US energy security is much stronger today than just 5 years ago, but taking full advantage of this opportunity requires strategic decision making on behalf of government and the private sector. North American natural resource development can strengthen the US and Canadian economies and provide bargaining chips when dealing with foreign governments, but not… Keep reading →
