Helping America Navigate a New Energy Reality

Archive for January, 2010

Chris Jarvis, president Caprock Risk Management; Hampton Falls, New Hampshire

By on 25 Jan 2010 in quotes with 1 Comment

“We’ve gone from record [natural gas] storage to under the five-year average in two months, which is really astonishing. Before this winter season started, most traders thought it to be incomprehensible storage would evaporate so quickly.”

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Review January 25, 2010

By on 25 Jan 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Prices and Production Oil prices have now fallen by $10 a barrel from a recent high above $84 reached the week before last to close on Friday at $74.54. The usual factors of falling OECD demand, prospects for warmer weather in some regions, a stronger dollar, weaker equity markets, lower seasonal […]

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Top 10 Pieces of the Peak Oil Puzzle during the 2000s

By on 25 Jan 2010 in commentary with 4 Comments
Top 10 Pieces of the Peak Oil Puzzle during the 2000s

Here’s one take on key events that impacted the peak oil story during the decade of the 2000s. If you have a favorite factor that isn’t listed below, send it along; we may run a follow-up. USGS World Oil Study released during summer of 2000. The USGS study was a continuation of efforts that Chuck […]

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David Shear, US deputy assistant secretary of state East Asian and Pacific affairs

By on 18 Jan 2010 in quotes with 0 Comments

“We are pursuing intensive dialogue with the Chinese on the subject of energy security, in which we have raised our concerns about Chinese efforts to lock up oil reserves with long-term contracts. We will continue to engage them on this subject at very senior levels.”

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Yemen's Oil-Deadly Decline Rate

By on 18 Jan 2010 in commentary with 3 Comments
Yemen's Oil-Deadly Decline Rate

The failed Christmas plane bomber’s links to Yemen brought that country back under the geopolitical microscope. But a dark headline about Yemen the day before Christmas went virtually unnoticed. The below-the-radar message: “Yemen Reports Disastrous Drop in Oil Revenues.” Yemen’s oil production, and the national budget it has recently propped up, is cratering. And the […]

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Review January 18, 2010

By on 18 Jan 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Prices and Production Oil prices fell steadily last week. After touching a high of nearly $84 a barrel on Monday crude closed at $78 on Friday due to warmer weather, a stronger dollar, rising US inventories, and more bad economic news in the US and EU. For now, reports of a […]

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Stuart Staniford, energy commentator, posting on The Oil Drum

By on 11 Jan 2010 in quotes with 1 Comment

“It seems to me that the possibility that Iraq may actually succeed in doing this… bring[ing] production up from the current 2.5mbd or so to 12 mbd over the course of the next 6-7 years… should be taken seriously. If it did succeed, that would act to delay the final plateau of oil production by […]

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Mexican Oil Production Continues to Dive

By on 11 Jan 2010 in commentary with 5 Comments
Mexican Oil Production Continues to Dive

At this point in time, anyone who knows anything about Mexican oil production knows it is declining rapidly, particularly production from the supergiant Cantarell complex. In the early years of the decade 2000-2009 it seemed obvious, at least to me, that Cantarell, and Mexican, oil production would start declining around 2006.  Apparently it was not […]

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Review January 11, 2010

By on 11 Jan 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Prices and Production An outbreak of very cold arctic air across much of the northern hemisphere was the main energy price driver last week. The unusual weather air brought extensive snows from the middle of the US across Europe to northern China, causing a jump in the demand for heating fuels. […]

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Barclays Capital, in a research note

By on 4 Jan 2010 in quotes with 0 Comments

“We expect 2010 to be a year of transition between the demand concerns of 2009 and the supply concerns of 2011, with in addition geopolitical developments having a heightened importance.”

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Top Ten Peak Oil Stories of 2009

By on 4 Jan 2010 in commentary with 2 Comments

1. Economies in Contraction Despite endless repetition by government spokesmen, Wall Street economists, and the financial media of the mantra that the global recession has, or has nearly, ended, independent observers continue to say this has not been the case. During 2009, government revenues continued to fall precipitously, the federal deficit continued to soar, real […]

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Review January 4, 2010

By on 4 Jan 2010 in Peak Oil Review with 1 Comment

Download Full PDF Top 10 Stories of 2009 1. Economies in Contraction Despite endless repetition by government spokesmen, Wall Street economists, and the financial media of the mantra that the global recession has, or has nearly, ended, independent observers continue to say this has not been the case. During 2009, government revenues continued to fall […]

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