Most people believe oil is running out and governments need to find another fuel, an international poll has found.
On average, 70 percent of respondents in 15 countries said they thought oil supplies had peaked. Only 22 percent of the nearly 15,000 respondents in nations ranging from China to Mexico believed enough new oil would be […]

Russian oil production has dropped this year for the first time in a decade, adding to the already jittery oil market, with some industry insiders saying it has already “peaked”.
Russia, the world’s biggest oil exporter after Saudi Arabia, averaged 10 million barrels per day from January through March, the International Energy Agency said […]

Something of a “Shell feel” to the blog today. Three stories all about the oil major. First up a story from Davos.
Jeroen van der Veer, chief executive of Shell has warned that demand for oil and gas will outstrip supply within seven years, because conventional supplies will fail to keep pace with population growth and […]

The world is slowly going mad: we have the Premier of Alberta saying that the ecological downsides of extracting oil sands is a “myth”, yet we all know that oil sands development is the most ecologically destructive process ever invented by the oil industry (see below).
We also have the US government saying that the oil […]

Slowly but surely the unthinkable is becoming thinkable. The days of “peak” are fast approaching, and such is the shortage of new areas coming on stream that there is a “production ceiling” to the amount of oil that can be pumped per day to an ever thirsty world.
Take the Wall Street Journal this morning. “A […]