Many people have the impression that recessions come from financial missteps, such as the US subprime loan fiasco. If energy is involved at all, the problem comes from high oil prices as supply becomes inadequate to meet demand. The real … Continue reading →
On Saturday 14 September the Abqaiq oil processing facilities in Saudi Arabia were hit by an air borne attack assumed to be a drone. Abqaiq lies to the NE of Ghawar, the world's largest oil field and producer by far. Abqaiq is the largest single oil processing facility in the world. It processes all the […]
Preface. This is clearly a pipedream. Surely the authors know this, since they say that the energy needed to run direct air capture machines in 2100 is up to 300 exajoules each year. That’s more than half of global energy … Continue reading →
Det kom för ett tag sedan en ny film från Post Carbon Institut som tar upp många saker som har med olja och gör, hur det bildats, utvinning, ERoEI, Peak oil, tillväxt, ekonomi mm.