Marshall Adkins, Managing Director, Energy Equity Research, Raymond James
Global oil production peaked in 2008, and I think that as you scale back activity Continue Reading
Global oil production peaked in 2008, and I think that as you scale back activity Continue Reading
In recent years, the US has been importing roughly 400 million barrels of oil and Continue Reading
Starting the week at $68 a barrel, oil traded as high as $73 before closing Continue Reading
While the OECD’s economies continue to stagnate, the situation in China is less clear. Chinese Continue Reading
This outlook might fly in Disney World, but it is clearly impossible in the Real World. This leaves CERA with a public relations problem. Not only must they disavow their fantasy forecasts, but they must also explain away the fact that world oil production will probably never exceed its July, 2008 peak.
“The reality is that the economy will come back and when it does there are Continue Reading
1. Production and Prices Oil prices opened and closed the week around $68 a Continue Reading
Here in Iraq, I’ve had interesting conversations over the past few days with some of my soldiers. Those exchanges illuminate the problem we face in getting people to understand the gravity of our energy situation. The guys I was talking to are some of my better soldiers; they’re savvy, intelligent, and aware of international issues. We started talking about energy, and the issue of an eventual peak of crude oil production. Most of them didn’t have a problem conceptually understanding that there would someday be a peak and then a decline. But when it came to contemplating and understanding the consequences of that eventuality, there was intellectual disbelief. In their minds, there are too many ‘obvious’ alternative solutions.
Oil prices opened and closed the week around $68 a barrel. At one point they Continue Reading
Last summer with oil prices approaching $150 a barrel, the world’s airlines were approaching collapse. Continue Reading
Prior to last summer’s Olympics, China was moving the oil markets by importing unprecedented quantities Continue Reading
Over the next 11 years, Canada‘s oil industry is likely to produce 500,000 b/d less Continue Reading
The first step would be to acknowledge what a sorry state we’re in. Speaking with Bill Moyers back in September, Kevin Phillips didn’t think soon-to-be President Barack Obama would level with the American people about how bad things are. If the President indeed understands the depths to which we’ve sunk, he has not come clean with us—you don’t rock that boat.
Natural gas prices increased 39 percent from a 6 ½ -year low of $3.19/MMBtu on April 27 to $4.42 on May 13, 2009. Some think that the worst of the price collapse that began in July 2008 is over, and that gas prices will return to normal. I do not believe that is the case, though I certainly hope that I am wrong. Chesapeake Energy proclaimed in a recent investor presentation that “the fix is under way”, and that natural gas prices will soon return to $7-8/Mcf. Chesapeake and other companies make the case that prices will rebound because of the drastic decrease in drilling.
The Middle East’s LNG capacity will rise to 100 million tons a year Continue Reading
“The quickest and easiest way to reduce our carbon footprint is through energy efficiency. Energy Continue Reading
Last week Brazil’s energy minister announced that international companies will be invited to bid for Continue Reading
For many months now the major question perplexing the world’s policymakers, and nearly everybody else, Continue Reading
Oil prices surged to a six-month high above $66 a barrel last week, despite protests Continue Reading
1. Production and Prices Oil prices surged to a six-month high above $66 a barrel Continue Reading
Today I’ll try to explain President Obama’s policy for decreasing oil consumption in the United States. Right now the administration has so many balls in the air that it is impossible to make a definite statement about what the effects of their initiatives will be, but a coherent policy is emerging if you gather all the pieces together. I compile a list Obama’s policies at the end of 2nd section below.
1. Last Week 2. Commentary: Drilling with Charlie – Blizzard in the Badlands 3. Quote Continue Reading
Oil prices had a bullish week, increasing steadily from $57 a barrel, at one point Continue Reading
The nation’s capital had the activity of a three-ring circus last week, with a challenge Continue Reading
Nigeria‘s oil production has fallen to less than half its capacity as fighting escalates in Continue Reading