Home Eyes on the future: “We are living through the last decade of the Oil Age”

GEAB 173

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Mar 2023

Eyes on the future: “We are living through the last decade of the Oil Age”

The following article is the result of discussions between the GEAB editorial team and Dr Louis Arnoux. The latter’s work is far more alarmist than most research in the same field, namely the future of the oil industry and oil as a fuel for the world economy. The results and data discussed below, even though not yet published in any scientific journal, are interesting enough to be submitted for debate. On the one hand, by asking our readers to contribute to the production of our materials, we are attempting to create a collective intelligence of the future; on the other hand, because we believe that this research  is moving in  the irredeemable direction of history, namely the decline in the oil industry’s return on energy investment (more and more energy is needed to extract oil and therefore to fuel our production and consumption system).

Dr Louis Arnoux has worked Internationally with government bodies and business in matters of energy, oil, infrastructure and global development dynamics for over 50 years, most specifically concerning the dependence of the globalised industrial world on oil. He adopts a systemic approach towards the global energy supply and use system, analysing from the very start of production all the way to end uses. The approach he is working on with a few colleagues, focuses on the rapid evolution of the thermodynamics of the global energy supply and use system. His recent findings are much more alarming than other academic studies on the same issues and they are concerning global institutions, such as EIA, focusing on the peaking of oil in terms of supply and demand of volumes of crude oil (e.g., barrels per day). 

Comments

To leave a comment sign up now
Contents

Dragging in its wake the Silvergate and Signature banks, the Silicon Valley Bank’s bankruptcy (SVB) remains the sad event illustrating this GEAB issue of March: as analysed/anticipated over the past [...]

The exponential nature of the pace of innovation of all kinds is increasingly terrifying the Western human collective. Between frightened looks at the future, growing difficulties in adapting to change, [...]

We are not going to draw up a calendar of all the elections, but of those which seem to us to be the most significant. In 2023, for example, ten [...]

Last safe haven investment: the earth is the limit // June 2023: From war in Ukraine to a "pax americana-sinica"? // Gas: The future of oil // New Tech 2023: [...]

Related articles
GEAB
15 Jun 2024

Investments, trends and recommendations (Jun)

#ECB #gold #investment #oil

Gold in equities We always write about gold as a metal resource to invest in. But gold stocks also include shares in mining groups. Their margins, which are far from [...]

GEAB
15 Jun 2024

2030: European strategic assets swallowed by Saudi investments

#geopolitics #investment #saudiarabia #world

Investments in Europe are on the verge of becoming one of the pillars of Saudi Arabia's strategy to wean itself off oil revenue. Behind high-profile projects like The Line, we [...]

GEAB
15 Jun 2024

2025-2029: The dollar takes over from a weakened euro

#dollar #economy #EU #euro #finance #world

The economic outlook for Western countries looks bleak, judging by a number of indicators. After the decision to cut interest rates slightly, and with the two leading countries in difficulty, [...]