2009 Conference Program
ASPO 2009 International Peak Oil Conference System Reset: Global Energy and the New Economy Sheraton Hotel, Denver, Colorado Sunday, October 11- Tuesday, October 13, 2009 Saturday, October 10, 2009 1:00
Continue ReadingJohn Dizard, The Financial Times
“Whether [geologist/writer Art Berman] or his critics are closer to the truth about shale gas decline rates, it does seem clear to me that Wall Street has underestimated the real
Continue ReadingReview November 30, 2009
DOWNLOAD FULL PDF 1. Dubai’s early impact A week which started with an Iranian air defense exercise and yet another increase in US crude inventories turned into a mini-panic on
Continue ReadingAn Oil-less Recovery
In the last two years, US oil consumption has fallen some 9%, down nearly 2 million barrels per day (mbpd) from 20.7 mbpd in mid 2007, to about 18.8 mbpd
Continue ReadingSome Holiday Reading
Happy Thanksgiving. I thought you might enjoy some light reading for the holiday. Here are some things that caught my eye in the last week or so. Item #1 —
Continue ReadingColin Campbell, retired oil industry professional, founder of ASPO in 2002
“[A world oil study of mine in 1990] attracted the interest of Petroconsultants, a company based in Geneva that was used by the international oil companies to assemble a valid
Continue ReadingMoving Beyond Denial – Two Steps Forward and One Step Back
Oil Exploration and Production Constraints http://www.youtube.com/watch?v=VUVY2qrEfd8 Acknowledging Peak Oil http://www.youtube.com/watch?v=cd7QGbNKxoQ In the last few months, the vigorous debate over the future of world oil supplies has hit the mainstream radar
Continue ReadingReview November 23, 2009
DOWNLOAD FULL PDF 1. Production and prices Oil prices started the week fairly strong with expectations that recent highs of $82 a barrel could be surpassed. By Wednesday, however, sentiment
Continue ReadingStaking Out the Middle Ground
Extreme positions are not succeeded by moderate ones, but by contrary extreme positions —Friedrich Nietzsche Last week I took the view that The Oil Situation Is Really Bad as we
Continue ReadingA few short clips from: The Most Recent Economic Downturn is a Peak Oil Recession
Below are several clips from an article by Steven Kopits. Originally published in Oil & Gas Investor magazine, the piece ran too long for a Commentary in this particular issue;
Continue ReadingMadeleine Bunting, in The Guardian, November 11th issue
“So far in facing this huge [peak oil] challenge, our political/economic system seems unable to cope with reality. We are forced to carry on living in an illusion that we
Continue ReadingReview Nov 16, 2009
1. The day of the whistleblower The International Energy Agency captured headlines nearly all week. The publication of the IEA’s monthly Oil Market Report and annual World Energy Outlook, coupled
Continue ReadingThe Oil Situation Is Really Bad
This is your last chance. After this, there is no turning back. You take the blue pill — the story ends, you wake up in your bed and believe whatever
Continue Reading"Free Market Oil” has dropped by over 2 million b/d since December of 2003.
“Free Market Oil” has dropped by over 2 million b/d since December of 2003. This sub-category is the Non-OPEC countries, excluding Russia. It includes ExxonMobil, BP, Shell, Suncor, and countries
Continue ReadingMichael Lynch, president of Strategic Energy & Economic Research
“The unemployment report raises fears that there will be a double dip to the recession. This doesn’t bode well for consumption of commodities such as oil.”
Continue ReadingUmbrage in the Gas Patch
Last week, two remarkable events at World Oil magazine raised the decibel level about shale gas. First, WO columnist Art Berman’s latest shale piece, intended for the November issue, was
Continue ReadingReview November 9, 2009
1. Production and prices Although oil prices closed out the week just about where they started at $77 a barrel, in between prices took a trip up to $81, bounced
Continue ReadingFacts are stubborn things: Arthur E. Berman November 2009
“Following is the last column that I wrote for World Oil. It was to have appeared in the November 2009 issue of the magazine. It was ready to send to
Continue ReadingDecline of the Empire — Now What?
All the world’s a stage, And all the men and women merely players They have their exits and their entrances And one man in his time plays many parts —Shakespeare
Continue ReadingReview November 2, 2009
1. Production and prices It was another volatile week with oil prices pushing $82 a barrel on Monday and then, after wild gyrations, falling $2.87 on Friday to close at
Continue ReadingNouriel Roubini, professor economics, New York University
“Last year, when oil was at $145, that killed the global economy. I worry that oil is going to go up above $100 for reasons that have nothing to do
Continue ReadingOil & Money Conference – What the CEOs and VPs are Saying
On October 20-21, the 30th Oil & Money Conference, convened in London by Energy Intelligence and the International Herald Tribune, attracted roughly 500 attendees, many from the industry press (most
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