Review October 10, 2011
Download Full PDF 1. Oil and the Global Economy After falling to one-year lows below Continue Reading
Weak World GDP Growth & "Peak Oil"
As we previously forecast, the decline in world oil production is likely to occur in the next 1-4 years, a year having passed since we forecast 2-5 years. Some believe that weak worldwide economic conditions will significantly extend the onset of decline. We believe that the delay will be essentially negligible.
Because of the myriad of variables, the timing of the onset of the decline of world oil production cannot be predicted with certainty. In the early 2000’s when we began our world oil production studies, we thought that future world oil production might peak sharply, similar to U.S. production, which sharply peaked in 1970.
Brad Plumer, Washington Post
“In the old days, Saudi Arabia had plenty of spare capacity and could always flood Continue Reading
Chris Skrebowski
“Unless and until adaptive responses are large and fast enough to constrain the upward trend Continue Reading
Review October 3, 2011
Download Full PDF ASPO-USA 2011 Conference – Peak Oil, Energy & the Economy November 2-5, Continue Reading
Three Strikes and You Are Out?
Daniel Yergin’s 2004 and 2005 Predictions for Oil Prices, Production and Exports – Three Strikes and You Are Out?
Daniel Yergin, whom the media have consistently designated as one of the world’s premier experts on energy matters–and who has a consistent track record of predicting higher oil production levels–has been very visible of late, especially with a full page essay in the Wall Street Journal, focused on why concerns about Peak Oil are misplaced.