Briefs week of May 25, 2009
Nigeria‘s oil production has fallen to less than half its capacity as fighting escalates in Continue Reading
Quote of the Week
“It is well-recognized that the main drive of the deepest recession since the Great Depression Continue Reading
Commentary: Drilling with Charlie – Blizzard in the Badlands
[Note: a true story from the oil fields. You may have burned some of the Continue Reading
Mr. Market Gets It Wrong Again
Physical traders storing oil will start dumping it back on the market. They will need to dump it all or pile up losses leasing supertankers. The ensuing snowball will cause the oil price to crash. Oil may fall below its February low as today’s distorted $62 price becomes tomorrow’s distorted $25 price. I could be wrong of course. Mr. Market may experience another drug-induced mood swing which reflates the oil price. Naturally it is hard to predict Mr. Market’s future emotional state.
Peak Oil Notes – May 21, 2009
Prices and production Crude closed on Wednesday at $62.05 a barrel, the highest level in Continue Reading
Week of May 18, 2009
1. Production and Prices After rising by $10 a barrel since mid-April, oil prices continued Continue Reading
The Great Divide on Energy Policy
At the 2009 Offshore Technology Conference (OTC) in Houston two weeks ago, the top issues Continue Reading
Production and Prices
After rising by $10 a barrel since mid-April, oil prices continued to increase early last Continue Reading
Nigeria
A few years ago when the oil supply situation was much tighter, every militant attack Continue Reading
IEA Lowers Demand
As a leading compiler of information relating to oil, the release of the IEA’s Oil Continue Reading