Helping America Navigate a New Energy Reality

Archive for November, 2009

2009 Conference Program

By on 30 Nov 2009 in conference with 3 Comments

ASPO 2009 International Peak Oil Conference System Reset: Global Energy and the New Economy Sheraton Hotel, Denver, Colorado Sunday, October 11- Tuesday, October 13, 2009 Saturday, October 10, 2009 1:00 PM to 9:00 PM Pre-Conference Workshop: Survive and Thrive After Peak Oil Creating Personal Plans for the Coming Decades The Challenge: How should we plan […]

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John Dizard, The Financial Times

By on 30 Nov 2009 in quotes with 0 Comments

“Whether [geologist/writer Art Berman] or his critics are closer to the truth about shale gas decline rates, it does seem clear to me that Wall Street has underestimated the real cost of shale gas, and overestimated how fast its production can be expanded.”

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Review November 30, 2009

By on 30 Nov 2009 in Peak Oil Review with 1 Comment

DOWNLOAD FULL PDF 1. Dubai’s early impact A week which started with an Iranian air defense exercise and yet another increase in US crude inventories turned into a mini-panic on Thursday when Dubai asked for a payment moratorium on $60 billion in debt. Oil prices, which briefly approached $80 a barrel on Monday, fell to […]

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An Oil-less Recovery

By on 30 Nov 2009 in commentary with 4 Comments

In the last two years, US oil consumption has fallen some 9%, down nearly 2 million barrels per day (mbpd) from 20.7 mbpd in mid 2007, to about 18.8 mbpd in October 2009. The comedown has been painful, marked by severe recession and high unemployment. As we look to the future and recovery, what should […]

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Some Holiday Reading

By on 26 Nov 2009 in Other with 2 Comments
Some Holiday Reading

Happy Thanksgiving. I thought you might enjoy some light reading for the holiday. Here are some things that caught my eye in the last week or so. Item #1 — Deep Thought In Douglas Adam’s The Hitchhiker’s Guide to the Galaxy, the computer Deep Thought said the answer to the ultimate question of life, the […]

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IEA Glass Half Full

By on 23 Nov 2009 in cartoon with 1 Comment
IEA Glass Half Full

Colin Campbell, retired oil industry professional, founder of ASPO in 2002

By on 23 Nov 2009 in quotes with 0 Comments

“[A world oil study of mine in 1990] attracted the interest of Petroconsultants, a company based in Geneva that was used by the international oil companies to assemble a valid database on oil activities around the world, including the size of discoveries and drilling statistics. They invited me to redo the study but this time […]

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Moving Beyond Denial – Two Steps Forward and One Step Back

By on 23 Nov 2009 in commentary with 4 Comments

Oil Exploration and Production Constraints http://www.youtube.com/watch?v=VUVY2qrEfd8 Acknowledging Peak Oil http://www.youtube.com/watch?v=cd7QGbNKxoQ In the last few months, the vigorous debate over the future of world oil supplies has hit the mainstream radar screen. The optimists closed ranks-they have to because their numbers are shrinking-and launched a barrage of misleading reports and opinion pieces, suggesting that supplies will […]

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Review November 23, 2009

By on 23 Nov 2009 in Peak Oil Review with 2 Comments

DOWNLOAD FULL PDF 1. Production and prices Oil prices started the week fairly strong with expectations that recent highs of $82 a barrel could be surpassed. By Wednesday, however, sentiment changed; with the dollar strengthening and the equity markets falling, oil fell to close out the week at $77 a barrel. The stocks report last […]

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Staking Out the Middle Ground

By on 19 Nov 2009 in Other with 6 Comments
Staking Out the Middle Ground

Extreme positions are not succeeded by moderate ones, but by contrary extreme positions —Friedrich Nietzsche Last week I took the view that The Oil Situation Is Really Bad as we look out 5, 10 or 20 years from now. My article was prompted by the whistleblowers story published by the UK newspaper the Guardian in […]

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A few short clips from: The Most Recent Economic Downturn is a Peak Oil Recession

By on 16 Nov 2009 in commentary with 0 Comments

Below are several clips from an article by Steven Kopits.  Originally published in Oil & Gas Investor magazine, the piece ran too long for a Commentary in this particular issue; for the full article, go to www.aspo-usa.com and click on Daily-Peak Oil News archives (November 13 issue; item #23).  [ Watch Steven Kopits’ video clip, […]

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Madeleine Bunting, in The Guardian, November 11th issue

By on 16 Nov 2009 in quotes with 0 Comments

“So far in facing this huge [peak oil] challenge, our political/economic system seems unable to cope with reality. We are forced to carry on living in an illusion that we have so much time to adapt to post-oil that we don’t even need to be talking or thinking much about what a world without plentiful […]

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Review Nov 16, 2009

By on 16 Nov 2009 in Peak Oil Review with 1 Comment
Review Nov 16, 2009

1. The day of the whistleblower The International Energy Agency captured headlines nearly all week. The publication of the IEA’s monthly Oil Market Report and annual World Energy Outlook, coupled with a front page exposé in the UK’s Guardian newspaper reporting that the Agency has been inflating forecasts of global oil production under pressure from […]

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The Oil Situation Is Really Bad

By on 12 Nov 2009 in Other with 18 Comments
The Oil Situation Is Really Bad

This is your last chance. After this, there is no turning back. You take the blue pill — the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill — you stay in Wonderland and I show you how deep the rabbit-hole goes —Morpheus, from […]

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"Free Market Oil” has dropped by over 2 million b/d since December of 2003.

By on 9 Nov 2009 in energy stat with 0 Comments

“Free Market Oil” has dropped by over 2 million b/d since December of 2003. This sub-category is the Non-OPEC countries, excluding Russia. It includes ExxonMobil, BP, Shell, Suncor, and countries like Brazil, the United States, Norway, the UK, Mexico and Australia. (11/3, #13)

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Michael Lynch, president of Strategic Energy & Economic Research

By on 9 Nov 2009 in quotes with 0 Comments

“The unemployment report raises fears that there will be a double dip to the recession. This doesn’t bode well for consumption of commodities such as oil.”

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Umbrage in the Gas Patch

By on 9 Nov 2009 in commentary with 3 Comments
Umbrage in the Gas Patch

Last week, two remarkable events at World Oil magazine raised the decibel level about shale gas. First, WO columnist Art Berman’s latest shale piece, intended for the November issue, was yanked prior to publication. Berman immediately resigned. Berman and WO editor Perry Fischer issued on-line statements, saying the column was axed due to pressure applied […]

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Review November 9, 2009

By on 9 Nov 2009 in Peak Oil Review with 0 Comments

1. Production and prices Although oil prices closed out the week just about where they started at $77 a barrel, in between prices took a trip up to $81, bounced around $80 and then fell on Friday. The oil markets seemed to take the more-than-expected increase in Friday’s unemployment numbers more seriously than the equity […]

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Facts are stubborn things: Arthur E. Berman November 2009

By on 5 Nov 2009 in commentary with 6 Comments
Facts are stubborn things: Arthur E. Berman November 2009

“Following is the last column that I wrote for World Oil.  It was to have appeared in the November 2009 issue of the magazine.  It was ready to send to the printer when John Royall, President and CEO of Gulf Publishing (the parent company of World Oil) pulled it at the last minute based partly, […]

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Decline of the Empire — Now What?

By on 5 Nov 2009 in Other with 6 Comments
Decline of the Empire — Now What?

All the world’s a stage, And all the men and women merely players They have their exits and their entrances And one man in his time plays many parts —Shakespeare The greatest action is not conforming with the world’s ways… The greatest effort is not concerned with results… —the Buddhist teacher Atisha It is now […]

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Review November 2, 2009

By on 2 Nov 2009 in Peak Oil Review with 0 Comments

1. Production and prices It was another volatile week with oil prices pushing $82 a barrel on Monday and then, after wild gyrations, falling $2.87 on Friday to close at $77. As usual, the dollar and outlook for the global economy were behind the moves. Much of the action centered on the release of the […]

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Nouriel Roubini, professor economics, New York University

By on 2 Nov 2009 in quotes with 1 Comment

“Last year, when oil was at $145, that killed the global economy. I worry that oil is going to go up above $100 for reasons that have nothing to do with the fundamentals of supply and demand. Oil at $100 would have the same negative effects on the global economy as oil did at $145 […]

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Oil & Money Conference – What the CEOs and VPs are Saying

By on 2 Nov 2009 in commentary with 1 Comment

On October 20-21, the 30th Oil & Money Conference, convened in London by Energy Intelligence and the International Herald Tribune, attracted roughly 500 attendees, many from the industry press (most of them working for the conveners). Held under tight security at the opulent Intercontinental Hotel, a half-dozen oil ministers past and present plus two dozen […]

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