Last week Michael Lynch and Daniel Yergin pummeled the concept of peak oil in two mainstream media outlets. Lynch’s feisty but nearly fact-free op-ed for the New York Times and Continue Reading
Demand in the developing countries peaked in October 2008 at 46.33 million barrels per day and it is down by only 0.36 million barrels per day. I don’t know about Continue Reading
In Russia, Anatoly Dmitrievsky, director of the Institute of Oil and Gas Problems (Russian Academy of Sciences), said $280 billion of investment into the development of global oil reserves has Continue Reading
The struggle between optimists and pessimists goes on and on with neither side as yet gaining a decisive advantage. Oil prices started the week close to $75 a barrel on Continue Reading
1. Production and prices The struggle between optimists and pessimists goes on and on with neither side as yet gaining a decisive advantage. Oil prices started the week close to Continue Reading
Blessed are the poor in spirit: for theirs is the kingdom of heaven. Blessed are they that mourn: for they shall be comforted. Blessed are the meek: for they shall Continue Reading
In July 2009 world production of all liquid fuels increased by 580,000 barrels per day from June according to the latest figures of the International Energy Agency (IEA), resulting in Continue Reading
1. Production and prices Oil, which traded below a $67 a barrel on Monday, touched $74.72 on Friday before closing at $73.98. The move, which sent oil prices to a Continue Reading
Tom Whipple, retired CIA analyst and editor of this newsletter, will be a speaker at the ASPO-USA conference this October 11-13. When called up and ambushed for this interview, he Continue Reading
Hope I die before I get old —The Who, My Generation The vagabond who is rapping at your door Is standing in the clothes that you once wore. Strike another Continue Reading
Peak Oil Could Now Be Reality ASPO 2009 International Peak Oil Conference Brings Experts Together to Discuss Impacts on U.S. and Global Economy DENVER, Colorado – August 18, 2009 – Continue Reading
From an ongoing study by the UK’s Industry Peak Oil Task Force, early indications are that the recession has moved the peak a little further into the next decade, but Continue Reading
1. Production and prices Since the beginning of August oil has hovered around $70 a barrel as the markets tried to decide whether the prospects for an imminent economic rebound Continue Reading
There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is a Continue Reading
On Monday, Beijing announced that it will unveil a plan to develop new energy sources, including wind, solar, nuclear, and “clean coal” by the end of the year. The announcement Continue Reading
Crude oil continues to trade around $70 a barrel as OPEC continues to increase production, stockpiles continue to build, and demand remains weak except perhaps in China. The weekly stocks Continue Reading
As far back as its initial date of publication, a cartoon drawn by Denver-based cartoonist Ed Stein in 1977 was a favorite of well-known individuals concerned about long-term world oil Continue Reading
1. Production and prices For yet another week, hopes for an economic recovery and the course of the dollar continued to overshadow oil market fundamentals. Despite rising inventories, higher OPEC Continue Reading
Across Nigeria, the consistent rise in the cost of diesel fuel to power electric generators is alarming. The effect on the cost of doing business is particularly severe. Unreliable power Continue Reading
Everyone is a genius in a bull market —old financial saying Disbelief in magic can force a poor soul into believing in government and business —Tom Robbins I would argue Continue Reading
World oil consumption will rise for the first time in two years in 2010 as a recovery in the global economy boosts demand, according to a Reuters poll of top Continue Reading
1. Production and prices It was a very volatile week with oil prices starting off at $68 a barrel, falling to $63 at mid-week, and then bouncing back to close Continue Reading
