The term "peak oil" used to mean the point when global production would top out, before entirely running out. But as the world begins a shift to renewables, will the end of oil production come sooner ...
The idea of peak oil is familiar to most readers. It refers to the point at which global petroleum production reaches its maximum point and begins an irreversible decline. Turning to the United States ...
In 1956, Marion King Hubbert, a prominent geologist for what is now Royal Dutch Shell, made a bold prediction. Based on an extensive analysis of reserves and production data, he concluded that U.S.
Typically, in an oil-producing region, extraction starts slow, builds up to a peak as more wells are drilled, and then declines as the cost of accessing what’s left inevitably rises. Drillers ...
Forbes contributors publish independent expert analyses and insights. Gaurav Sharma is a London-based analyst who covers energy & ESG. Earlier this month, the Organization of Petroleum Exporting ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. 24/7 Wall St. contributors Douglas A. McIntyre and Lee ...
The world needs $18.2 trillion in oil and gas investments through 2050 to ensure energy supply by the middle of the century, OPEC Secretary General Haitham Al Ghais has told Energy Connects in an ...
I expect October West Texas Intermediate prices to remain between $60 and $70 per barrel, which was also my forecast range for July through September. Although big banks and some analysts have been ...