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.
Week of April 27, 2009
1. Last Week 2. Some Economic Implications of Peak Oil 3. Quote of the Week Continue Reading
Production and Prices
Prices started last week above $52 a barrel, then fell sharply in sympathy with a Continue Reading
Natural Gas
US natural gas prices fell again last week to their lowest point in more than Continue Reading
Carbon
The petroleum industry is saying that the new standards will cost consumers billions of dollars Continue Reading
Briefs week of April 27, 2009
Saudi Arabia will pump about the same amount of crude in May as in April, Continue Reading
Planes, Trains and Automobiles
Maybe I’ve been wrong all along—maybe just believing is enough. Maybe we don’t have to actually use less oil now or ever. Maybe all we have to do is imagine we’re using less oil.
Week of April 20, 2009
1. Last Week 2. Interview with Matt Simmons, Part 3 3. Quote of the Week Continue Reading
Production and Prices
Oil prices started last Monday at $52 a barrel, quickly fell to circa $50, and Continue Reading
Off-Shore Drilling
US Interior Secretary Salazar has been traveling around the country conducting hearings on whether to Continue Reading
EPA
Last week the White House reversed long-standing policy and permitted the EPA to issue a Continue Reading
Briefs week of April 20, 2009
OPEC is aiming for prices above $60 and is frustrated with Russia for not reducing Continue Reading
Quote of the Week
“We are witnessing a collapse in oilsands-related construction. As far as we can tell, as Continue Reading
Interview with Matt Simmons, Part 3
ASPO-USA’s Steve Andrews recently hooked up with Matthew R. Simmons, chairman of Simmons & Company, Continue Reading
Real GDP and the Oil Shock of 2007-08
If it looks like a duck, and quacks like a duck, we have at least Continue Reading
Week of April 13, 2009
1. Last Week 2. Interview with Matt Simmons, Part 2 3. Quote of the Week Continue Reading
Production and Prices
The oil markets continue to move with the equity markets. When there is bad economic Continue Reading
IEA’s Forecast for 2009
Following the lead of the IMF, which recently forecast a significant drop in global economic Continue Reading
IEA’s Forecast for 2009
Following the lead of the IMF, which recently forecast a significant drop in global economic Continue Reading
Investment during the recession
Investment in oil and gas production continues to slip everywhere, unless ExxonMobil or China is Continue Reading
Quote of the Week
“The evidence to me is persuasive that, had there been no oil shock, we would Continue Reading
Briefs week of April 13, 2009
Russia and Iraq have agreed to work on restoring oil contracts that they signed before Continue Reading