The purpose of this note is to estimate the likelihood, the timing and the nature of the peak oil scenario on the US oil market. Brief history of peak oil Oil market (=oil consumption, =oil production) has been growing since the first oil well was drilled in the XIX century. In the mid XX century, … Continue reading Peak oil

There is a widespread opinion that renewable energy is only alive because of the subsidies. As if to confirm the point a few days ago US president Barack Obama proposed a new 10$ per barrel tax to be levied on the american producers and importers of oil “to upgrade the nation’s transportation system, improve resilience and … Continue reading Negative externalities

This note is a follow up on the earlier note on the developments in the automotive industry, motivated by the recent scandal with Volkswagen emission violations.   Dieselgate What happened (wiki): “On 18 September 2015 the United States Environmental Protection Agency (EPA) issued a Notice of Violation to German automaker Volkswagen Group, after determining that the company … Continue reading PHEV: Update

Oil is not Gas In my previous writings on the developments in the energy industry I didn’t really make much of a difference between oil (used for transportation) and natural gas (used for electricity generation). Yet there is a significant one worth a separate investigation. In electricity generation there is a clear alternative to conventional … Continue reading PHEV