By the Peak Oil Review team Art Berman is a geological consultant whose specialties are subsurface petroleum geology, seismic interpretation, and database design and management. He is currently consulting with
Continue Reading“Recognizing there is a high degree of uncertainty here, overall I would expect global oil production to continue to grow over the next decade, supply permitting, but more slowly and
Continue ReadingDownload Full PDF 1. Oil and the Global Economy Oil prices moved up slowly last week from $76 a barrel to a close of just below $79 on Friday. A
Continue Reading“Even before we reach peak oil, we could witness an oil supply crunch because of increased Asian demand. Major new investment in energy takes 10-15 years from the initial investment
Continue ReadingDownload Full PDF 1. Oil and the global economy Oil settled at the Friday close at $76.01, only a few cents below where it started on Monday. Prices briefly climbed
Continue ReadingArt Berman is a geological consultant whose specialties are subsurface petroleum geology, seismic interpretation, and database design and management. He is currently consulting with a wide range of industry clients
Continue ReadingDownload Full PDF 1. Oil and the global economy Crude futures jumped 5 percent last week, moving from $72 to close over $76 a barrel on Friday. Oil prices continue
Continue ReadingAnother reason for the timidity on reducing U.S. consumption is that the easiest change, a tax on oil, is the riskiest politically. “A price signal on oil – that could
Continue ReadingBy the Peak Oil Review team Ten years ago, energy analyst Steve Andrews challenged widely respected energy guru Amory Lovins via email for what Andrews thought was an overly optimistic
Continue Readinghttp://www.guardian.co.uk/business/2010/jul/11/peak-oil-energy-disruption Business underestimating catastrophic consequences of declining oil, says Lloyd’s of London/ISS report One of the City’s most respected institutions has warned of “catastrophic consequences” for businesses that fail to
Continue Reading“We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But
Continue ReadingBack in 2000, the EIA developed their first power-point presentation covering the topic of peak oil (http://tonto.eia.doe.gov/FTPROOT/presentations/long_term_supply/index.htm). A version of it was presented by EIA Administrator Jay Hakes to the
Continue ReadingDownload Full PDF Peak Oil Review 1. Oil and the global economy Oil prices fell 8 percent last week from a high of $79 on Monday to close on Friday
Continue Reading