Peak oil isn’t dead: An interview with Chris Nelder

The Washington Post:

Peak oil isn’t dead: An interview with Chris Nelder

"Warnings about “peak oil” have been with us since the OPEC crisis in the 1970s. At some point, the experts said, the world would hit a limit on how much oil could be extracted from the ground. Production would then drop, prices would soar, chaos would ensue.

But after a worrisome series of price spikes starting in 2007, oil triumphalism is once again ascendant. Companies are now using new technologies to extract crude from hard-to-reach sources, from the tar sands of Alberta to shale formations in North Dakota. After decades of decline, U.S. oil production has risen to its highest levels since the 1990s. And that’s led many analysts and journaliststo confidently declare that “peak oil is dead.”

Not everyone’s convinced, however, that oil is really on the verge of a new boom. Energy analyst Chris Nelder, for one, has spent a lot of time scrutinizing the claims of the oil triumphalists. Our newfound oil resources, he argues, aren’t nearly as promising as they first appear. And peak oil is still as relevant as ever.

I talked to Nelder by phone this week. A lightly edited transcript follows."

Oil Smoke and Mirrors

 "Shale Oil will save us all? Peak Oil  is the forbidden subject now - millions were spent on mass media just to bring the false security, but it is out there and we have only a very small time gap before it."

Peak Oi: Jim Puplava with Chris Nelder–The Time for Energy Transition Is Now ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  

  We do not have a lot of headlines on the IEA dire predictions about the $150 dollar Oil and Irreversible Climate Change these days, but it does not mean that smart people are not taking notice. Oil is above $100 again these days and Jim Puplava came out with another brilliant interview on the recent IEA revelations and Peak Oil situation. We are very pleased and surprised to hear that U.S. Military is at the forefront of Energy transition and will try to find out more on this progress. Maybe U.S. Military will be able to crack down on the Oil lobby in U.S. finally?

Jim Puplava Podcast: 

Chris Nelder–The Time for Energy Transition Is Now

Oil Prices Are Headed Higher

Energy analyst and author Chris Nelder joins Jim this week on Financial Sense Newshourand sees oil prices heading higher. Chris discusses the recent indirect warning from the IEA, and believes we must start the energy transition now, as the effects of peak oil begin to take hold.

Chris is an energy analyst, journalist, and investor, and regularly consults and lectures on energy investing and policy. While spending nearly a decade studying energy, Chris has written two books on investing and energy: "Profit from the Peak" and "Investing in Renewable Energy" along with nearly 800 blog posts. In addition to his careers in energy journalism and software, Chris has worn many other hats, including solar PV system designer.

IEA: World Energy Outlook 2011: Crude could reach $150 and warns of Irreversible Climate Change in Five Years

"We are just coming out of the "Europe's  End of The World" scenario, all world economies are on the edge of recession, but Oil is moving closer to $100 again. We have a very sobering reminder from IEA about the real issues behind all recent events in the financial markets. There is NOT enough Oil for everybody left, Peak Oil is all about the price and transportation is driving this demand with half of the global oil demand coming from China only. By 2015 more cars will be manufactured outside of OECD. Oil prices can go up to $150 by 2015 in the real terms and $176 in the nominal terms. It will be the major risk for the global economy. Time is to check your Lithium portfolio."

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