Production and Prices
Starting the week at $68 a barrel, oil traded as high as $73 before closing Continue Reading
Starting the week at $68 a barrel, oil traded as high as $73 before closing Continue Reading
While the OECD’s economies continue to stagnate, the situation in China is less clear. Chinese Continue Reading
This outlook might fly in Disney World, but it is clearly impossible in the Real World. This leaves CERA with a public relations problem. Not only must they disavow their fantasy forecasts, but they must also explain away the fact that world oil production will probably never exceed its July, 2008 peak.
“The reality is that the economy will come back and when it does there are Continue Reading
1. Production and Prices Oil prices opened and closed the week around $68 a Continue Reading
Here in Iraq, I’ve had interesting conversations over the past few days with some of my soldiers. Those exchanges illuminate the problem we face in getting people to understand the gravity of our energy situation. The guys I was talking to are some of my better soldiers; they’re savvy, intelligent, and aware of international issues. We started talking about energy, and the issue of an eventual peak of crude oil production. Most of them didn’t have a problem conceptually understanding that there would someday be a peak and then a decline. But when it came to contemplating and understanding the consequences of that eventuality, there was intellectual disbelief. In their minds, there are too many ‘obvious’ alternative solutions.
Oil prices opened and closed the week around $68 a barrel. At one point they Continue Reading
Last summer with oil prices approaching $150 a barrel, the world’s airlines were approaching collapse. Continue Reading
Prior to last summer’s Olympics, China was moving the oil markets by importing unprecedented quantities Continue Reading
Over the next 11 years, Canada‘s oil industry is likely to produce 500,000 b/d less Continue Reading