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Archive for February, 2010

Prince Saud al-Faisal, Foreign Minister of Saudi Arabia

By on 22 Feb 2010 in quotes with 1 Comment

“Sanctions [against Iran] are a long-term solution. They may work, we can’t judge. But we see the issue in the shorter term maybe because we are closer to the threat… So we need an immediate resolution rather than a gradual resolution.”

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Review February 22, 2010

By on 22 Feb 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Prices and Production Oil prices have moved up steadily for two weeks, rising by almost $10 a barrel, and now are back in the vicinity of $80. A potpourri of developments is behind the move, including a fluctuating dollar, a small increase in US discount rates and lower inflation, the Iranian […]

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The Redundant Subsidy By Robert Rapier

By on 22 Feb 2010 in commentary with 3 Comments
The Redundant Subsidy By Robert Rapier

Even for staunch proponents of U.S. biofuel policy, it is hard to argue that the current subsidy on grain ethanol serves the purpose it was designed to serve. With ethanol mandates now in place in the form of the Renewable Fuel Standard (RFS), there is a mechanism – with penalties for non-compliance – to ensure […]

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Patience Wheatcroft, The Wall Street Journal

By on 15 Feb 2010 in quotes with 0 Comments

“The work of the Industry Taskforce on Peak Oil and Energy Security shouldn’t be disparagingly dismissed. Its arguments are well founded and lead it to the conclusion that, while the global downturn may have delayed it by a couple of years, peak oil—the point at which global production reaches its maximum—is no more than five […]

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Two Short Commentaries: Green Jobs Race Lost?

By on 15 Feb 2010 in commentary with 1 Comment
Two Short Commentaries: Green Jobs Race Lost?

There is discomforting new green jobs data that suggest the USA might have already lost much of its technology leadership to green energy development abroad, including wind, PV energy, and electric cars. http://abcnews.go.com/WN/wind-power-equal-job-power/story?id=9759949 Perhaps we have an entrenched private energy investment mindset, less flexible than our green energy competition in China, etc. It may take […]

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Review February 15, 2010

By on 15 Feb 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Prices and Production Oil prices rose modestly last week on conflicting news. The week began with a strengthening US dollar, colder weather in the US, and increasing tensions with Iran all contributing to higher prices. By week’s end, however, lower US demand, concerns about China’s potential for continued rapid economic growth, […]

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Rex Tillerson, CEO of ExxonMobil

By on 8 Feb 2010 in quotes with 0 Comments

“Motor vehicle gasoline demand is down, is headed down and is going to continue to head down.”

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Review February 8, 2010

By on 8 Feb 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Prices and Production It was a volatile week with oil prices opening around $73 a barrel, climbing to touch $78 on Wednesday and then falling on Thursday and Friday to below $70 a barrel before closing at $71.19. As the week opened, reports of increasing Chinese economic growth, shrinking US stockpiles, […]

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The Market Potential of CNG as a Transportation Fuel

By on 8 Feb 2010 in commentary with 11 Comments
The Market Potential of CNG as a Transportation Fuel

In the search for alternative fuels and technologies to oil-based engines, basic cost-benefit analysis is often over-looked, and yet the dissemination of a new technology works is most successful when the market actually wants it. In making an initial assessment of the potential of a new technology, venture capitalists often apply a set of relatively […]

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Ed Stein: China & Oil

By on 1 Feb 2010 in cartoon with 0 Comments
Ed Stein:  China & Oil

Thierry Desmarest, chairman of French giant Total

By on 1 Feb 2010 in quotes with 0 Comments

“The problem of peak oil remains. In our opinion, it will be very difficult to raise oil production worldwide above 95 million barrels a day, which is 10 percent more than today.” The problem is not one of insufficient reserves, but that “a lot of it is difficult to be produced.” World oil production could […]

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Review February 1, 2010

By on 1 Feb 2010 in Peak Oil Review with 2 Comments

Download Full PDF 1. Prices and Production Crude oil prices dropped 8.2 percent, nearly $10 a barrel, in January to close on Friday at $72.89 a barrel. Continuing weakness in US demand, financial troubles in Greece, Spain, and Portugal resulting in a stronger US dollar, and reduced expectations that China will soon be leading a […]

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