[After reviewing a live video of BP’s oil leak in the Gulf] “It’s not going well. You have more or less the equivalent of six fire hoses blasting oil and
Continue ReadingDownload Full PDF 1. Oil and the Global Economy After falling steadily since May 1st on increasing economic troubles in Europe, oil prices climbed for most of last week and
Continue ReadingAs the Deepwater Horizon rig disaster continues to unfold, the peak oil community has a “teachable moment” in which it can illuminate the reality of our energy plight. The public
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Continue Reading“It’s a huge mess and the liabilities are in the billions possibly the tens of billions. This is a failure of risk management of epic proportions.”
Continue ReadingDownload Full PDF 1. Oil and the Global Economy The European debt crisis continued to exert the most pressure on oil prices last week with the Euro falling as low
Continue ReadingThe April 19 issue of the Oil and Gas Journal featured their biennial survey and tabulations of enhanced oil recovery (EOR) projects all over the world, with special focus on
Continue Reading“The Barnett remains important as the only shale play that has been developed to maturity. We believe that the Barnett largely dispels the belief that modern shale production is a
Continue ReadingDownload Full PDF 1. Production and prices In the last two weeks oil prices have fallen from a recent high of $87.15 on May 3rd to a low of $70.83
Continue ReadingOil prices will likely return to $80 to $85 a barrel once the debt crisis in Greece is resolved, Algeria’s energy minister, Chakib Khelil, said Saturday. FULL STORY
Continue ReadingOPEC Secretary General Abdullah al-Badri said on Sunday the global oil market was oversupplied, calling for greater compliance among members of the group. FULL STORY
Continue ReadingA deep sea drilling moratorium will leave global supplies depleted just as demand gets greater. By David Strahan Even as the first oil from BP’s stricken Macondo well in the
Continue ReadingYour first warning came in 1956, with the publication of M. King Hubbert’s model of US oil production, which correctly predicted its peak in 1970. When Hubbert updated his model
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