Quote of the Week
“Shale plays represent a disturbing tendency in the E&P business away from critical thinking. The Continue Reading
Never put off until tomorrow…
I’ll talk about the baseload issue, but once again we must confront the difference between talking the talk and walking the walk. Actions speak louder than words. Why do we require 3 to 5 years of planning to modify the grid to integrate renewables? Haven’t the Danes already done this? What’s the hold-up?
Production and Prices
Oil prices had a good week, closing out above $53 barrel despite much bad economic Continue Reading
Iraq
The security situation in Iraq appears to be deteriorating at a time when Baghdad is Continue Reading
Detroit
It will be some time before we can sort out the impact of last week’s Continue Reading
Quote of the Week
Offshore oil: “The pace of growth will slow and then become flat for the next Continue Reading
From Shortage to Glut, and Boom to Bust
In recent decades, technological advances have unlocked huge reserves of unconventional natural gas. Directional drilling Continue Reading
Week of May 4, 2009
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Briefs May 4, 2009
World oil demand is forecast to fall this year by much more than previously expected, Continue Reading
Let It Burn
The allure of easy wealth glitters very brightly if your wages have not kept up with inflation for over two decades while two principal wage earners struggle to support the household where once—a long time ago in a galaxy far, far away—one would do. The bubbly asset inflation created by the FIRE economy gave Americans the illusion of increased wealth, which spurred unsustainable levels of consumption in the period 1995-present.