Month: September 2009

“The industry can cope with $4 gas. The industry can’t grow or sustain production with $4 gas…We at Chesapeake think that price has to be three times the finding costs,

DOWNLOAD FULL PEAK OIL REVIEW in PDF LEARN MORE: 2009 ASPO International Peak Oil Conference  1. Production and prices Starting the week in the low $70’s, oil prices fell precipitously on

Today’s article is a follow up to The Aftermath of the Great Recession, Part I. I am covering the material I will present at ASPO-USA’s Denver conference on October 11-13,

In late August the Vancouver Sun ran an article on the bullish prospects for Canadian shale gas. The piece began this way: “What energy crisis? Despite what you may be

Nigeria depends on oil for more than 90 percent of its export revenue and more than 80% of its government revenue. According to government figures, this year attacks on oil

The only function of economic forecasting is make astrology look respectable —John Kenneth Galbraith There are three kinds of economists: those who can count and those who can’t —old joke

Steven Kopits, who runs the New York office of Douglas Westwood, was in Denver last week. He talked about his latest paper on peak oil and the economy with Steve

Libya appears to be tugging back the welcome mat it laid down for foreign investors after it successfully blocked Verenex Energy Inc.’s sale to a Chinese firm. The international arm

Until Friday, the oil markets were dominated by a weak dollar which sent futures up from $68 to nearly $73 on Thursday. When oil prices stopped short of the $73

“We are running the risk of another oil crisis when demand outstrips supply around 2014 or 2015. There won’t be enough oil and gas by the middle of the next

What has been is what will be, and what has been done is what will be done; there is nothing new under the sun —Ecclesiastes 1:9 It’s almost worth a

Robert L. Hirsch is the lead author of a seminal report–Peaking of World Oil Production: Impacts, Mitigation & Risk Management—written for the US Dept. of Energy’s National Energy Technology Laboratory

What is hateful to you, do not do to your fellow man. This is the law: all the rest is commentary —One version of the rule of reciprocity, the Golden