Helping America Navigate a New Energy Reality

Archive for October, 2009

Big Crash Coming?

By on 29 Oct 2009 in Other with 4 Comments
Big Crash Coming?

I think policy is currently quite accommodative. I think it can remain quite accommodative for a while to come —Ben Bernanke Delay is the deadliest form of denial —C. Northcote Parkinson In More Like A Depression Every Day, I described strong deflationary pressures in the American economy despite the Shock & Awe fiscal & monetary […]

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2009 ASPO International Conference Notes – Day 1

By on 27 Oct 2009 in commentary with 2 Comments

Chris Nelder’s Notes on the 2009 ASPO-USA Peak Oil Conference Day 1 – Sunday, October 11, 2009 Charting a Sustainable Future (Session 1 of 2) – Panel Pat Murphy, Arthur Morgan Institute for Community Solutions Jason Bradford, Managing Partner of Vital Farmland LP Dave Bowden, Executive Director, ASPO-USA (moderator) Pat Murphy – “Sustainability of Passive […]

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Jeff Rubin, former chief economist, CIBC World Markets

By on 26 Oct 2009 in quotes with 0 Comments

“What’s going to happen in a world of triple digit oil prices is that air travel is going to go back to what it was in the ’60s or early ’70s, which was essentially a luxury item, not an everyday commodity.”

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Review Oct 26, 2009

By on 26 Oct 2009 in Peak Oil Review with 0 Comments

1. Production and prices Oil prices rose 1.9 percent last week, hitting $82 a barrel at mid-week. Much of the price jump is attributed to the weakness of the US dollar which at one point fell to $1.50 vs. the Euro. Later in the week the dollar recovered a bit and equities fell, leaving oil […]

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More Like A Depression Every Day

By on 22 Oct 2009 in Other with 6 Comments
More Like A Depression Every Day

We have improved the prospects we won’t be consigned to a long period of subpar growth [but] it’s going to be a slower than typical recovery, and right now, downside risks continue to outweigh those that are positive. We’ve got the first stage [of recovery], better than I would have expected —Tim Geithner There is […]

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Mayor John Hickenlooper, Denver, Colorado, at the ASPO-USA Conference

By on 19 Oct 2009 in quotes with 0 Comments

“We cannot afford to ignore the [peak oil] issue. By anticipating the expected rapid changes in both supply and demand, we can begin to frame the issue not only as a challenge but also as an economic opportunity.”

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Review Oct 19, 2009

By on 19 Oct 2009 in Peak Oil Review with 2 Comments

DOWNLOAD FULL PEAK OIL REVIEW in PDF LEARN MORE: VIDEO: 2009 ASPO International Peak Oil Conference 1. Production and prices The long awaited break-out of oil prices from the three month-long $65-75 trading range occurred last week with a 9.4 percent jump leaving oil at $78.53 a barrel. The jump was triggered by a Federal […]

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Review Oct 12, 2009

By on 12 Oct 2009 in Peak Oil Review with 0 Comments

DOWNLOAD FULL PEAK OIL REVIEW in PDF LEARN MORE: 2009 ASPO International Peak Oil Conference 1. Production and prices Last week’s oil price story was more about the falling dollar than fundamentals. However, prices moved little, hovering around $71 a barrel and closing at $71.77 — the highest in three weeks. While prospects for a slow […]

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The Future of the Dollar

By on 8 Oct 2009 in Other with 9 Comments
The Future of the Dollar

It is hard to imagine a happy future for the dollar, and I was going to say that before Robert Fisk published his The Demise of the Dollar, in which he describes secret talks among central bankers and finance ministers of various countries on how to move away from trading oil in dollars. Is Fisk’s […]

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Jeremy Leggett Interview – Culture Problem in the Oil Industry?

By on 5 Oct 2009 in Other with 6 Comments
Jeremy Leggett Interview – Culture Problem in the Oil Industry?

What follows is four questions from an interview recently filmed in London by ASPO-USA’s Dave Bowden and Steve Andrews.  Jeremy told us of his three careers. First he taught oil geology and consulted for the industry. Then he “jumped ship” and for six years worked in around the climate negotiation process for Green Peace International. […]

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Corn Ethonal Cereal

By on 5 Oct 2009 in Other with 0 Comments
Corn Ethonal Cereal

Complaining about misguided government policies gets you nowhere.  Now be quite and eat your corn ethonal.

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Warren Buffet, investor, CEO of Berkshire Hathaway

By on 5 Oct 2009 in quotes with 0 Comments

“We’re using something on the order of 85 million barrels a day and it’s going to be difficult, in my view, to get that up much. We’ll use less eventually — it is a finite resource — so the real question is how well we anticipate that situation.”  If we’re not ready, look for oil […]

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Review Oct 5, 2009

By on 5 Oct 2009 in Peak Oil Review with 1 Comment

DOWNLOAD FULL PEAK OIL REVIEW in PDF LEARN MORE: 2009 ASPO International Peak Oil Conference  1. Production and prices Oil started the week below $66 a barrel, jumped to over $70 on Wednesday on better economic news from Europe and Asia , and then fell back to close at $69.95 on Friday on weaker-than-expected US employment […]

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