Helping America Navigate a New Energy Reality

Archive for March, 2010

From a participant [Chatham House Rules prevent name disclosure]

By on 29 Mar 2010 in quotes with 0 Comments

[About the UK Peak Oil Summit] “Was it a historic moment? Yes I think it was, largely because we weren’t really debating whether Peak Oil would occur but rather how soon and in what form.”

Continue Reading »

Review March 29, 2010

By on 29 Mar 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Prices and Production Oil futures traded between $80 and $82 dollars a barrel last week, moving mostly on changes in the dollar/Euro relationship and the prospects for the EU bailing out Greece. On Friday, oil was weaker based on growing concerns about the pace of US economic recovery. Newly released numbers […]

Continue Reading »

New report from Energy Policy Research Foundation Inc.

By on 22 Mar 2010 in quotes with 1 Comment

“By any standard, the Iraqi auction represents a major event in the history of the world oil market: It is the largest single transfer of reserves into the production stream since the beginning of the petroleum era,” the report maintained, saying the supply effect might lower oil prices enough to strain alternative fuels. “Credible estimates […]

Continue Reading »

Review March, 22, 2010

By on 22 Mar 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. UK Summit to Discuss Peak Oil According to a report in The Guardian newspaper yesterday, Lord Hunt, the UK’s energy minister, will meet with industrialists in London today in an effort “to calm mounting fears about the disruption that could follow a sudden shortage of oil supplies.” The Guardian wrote that […]

Continue Reading »

Non-OPEC Oil Production Hits the Wall

By on 22 Mar 2010 in analysis, commentary with 0 Comments
Non-OPEC Oil Production Hits the Wall

In the last year I’ve read several articles expounding on the many non-OPEC* oil discoveries that have been made in recent years and how large the oil resource is within the non-OPEC sphere of the world. The objective of these articles is to reassure the reader that all is well for non-OPEC oil production, now […]

Continue Reading »

James Mulva, CEO of ConocoPhillips

By on 15 Mar 2010 in quotes with 1 Comment

“Carbon-based fuels, in their cleaner forms, must keep carrying the load. Renewables just cannot ramp up fast enough to replace them. Let’s consider what gas can mean for the future. The real future, not the pipe dreams of the hydrocarbon deniers.”

Continue Reading »

Review March 15, 2010

By on 15 Mar 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Prices and Production Oil prices spent the week in the vicinity of $82 a barrel. On Friday prices rose briefly to a two-month high of $83.16, then fell back on concerns about US economic growth. For the past six months, the oil markets have cycled between optimism and pessimism about the […]

Continue Reading »

Interview with David Shields – update on Mexico and oil

By on 15 Mar 2010 in commentary with 1 Comment
Interview with David Shields – update on Mexico and oil

David Shields is a journalist and independent oil industry analyst based in Mexico City. Steve Andrews caught up with him yesterday and posed a few questions. SA: Is Mexico’s well-being tightly tied to oil production? David Shields: I think the oil industry is roughly 3-4% of Mexican GDP, which is not that high. It’s a […]

Continue Reading »

John Dizard, the Financial Times

By on 8 Mar 2010 in quotes with 2 Comments
John Dizard, the Financial Times

“I think it might not be a bad idea to examine the faith-based assumption that the US has a virtually unlimited supply of natural gas from shale formations that can be extracted at a low price for the indefinite future. Perhaps the few people who think shale gas will be produced at a higher cost, […]

Continue Reading »

Review March 8, 2010

By on 8 Mar 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Prices and Production Oil prices rose steadily last week closing on Friday at $81.50 after touching a high above $82. Prices have yet to regain the 2010 high of $83.95 reached on January 11th. The dollar’s reaction to the EU sovereign debt crisis, Beijing’s announcement that it expects 8 percent GDP […]

Continue Reading »

Observations from Al – By Dr. Albert Bartlett

By on 8 Mar 2010 in commentary with 1 Comment
Observations from Al – By Dr. Albert Bartlett

These are random occasional observations by Al Bartlett on items reported in the Peak Oil Review. Peak Oil Review, Vol. 5, No. 9, March 1, 2010 1) In the Ed Stein cartoon, one has an interesting contrast between the giant hyperbolic cooling tower and the small orange cylindrical building to the right of the tower. […]

Continue Reading »

Mike Dawson, president of the Canadian Society for Unconventional Gas

By on 1 Mar 2010 in quotes with 0 Comments

“Shale gas has a fairly short history of production. [Companies] are projecting stable production for 20 to 30 years, but we don’t have a history of that kind of long-term production to say that with any certainty.”

Continue Reading »

Review March 1, 2010

By on 1 Mar 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Prices and Production After two weeks of increasing prices which brought oil from $70 a barrel to the vicinity of $80, last week was rather quiet with oil gyrating between $78 and $80 in response to the latest reports. As has become normal recently, increased Chinese demand for oil was offset […]

Continue Reading »

Top