Happy 40th Anniversary, America
On October 19, 1973, the Organization of Arab Oil Exporting Countries (OAPEC) proclaimed an embargo of oil exports to the United States, in response to U.S. support for Israel in
Continue ReadingPeak Oil Review – 14 October 2013
By Tom Whipple 1. Oil and the Global Economy New York oil prices fell last week during volatile trading, closing Friday at $102.02 amidst concerns about the US government shutdown
Continue ReadingPeak Oil Review – 7 October 2013
By Tom Whipple 1. Oil and the Global Economy The price drop which began in early September continued through last Tuesday, but reversed on Wednesday following the news that the
Continue ReadingShell’s Oil Shale Shutdown: 1-800-Dry-Hole
By Steve Andrews. Early last week, Shell Oil announced it was shutting down its oil shale research project in western Colorado. Combine their departure with Chevron’s exit back in February
Continue ReadingPeak Oil Review – 30 September 2013
By Tom Whipple 1. Oil and the Global Economy Oil prices were little changed last week with New York crude trading around $103 a barrel and London around $108. While
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