Helping America Navigate a New Energy Reality

Archive for April, 2010

Saudi Arabia global oil exports to wane post-2010

By on 29 Apr 2010 in Other with 0 Comments

“Saudi Arabia’s long-standing status as a swing producer of crude oil could be drawing to a close according to the head of national oil company Saudi Aramco.” http://www.risk.net/energy-risk/news/1602907/saudi-arabia-global-oil-exports-wane-post-2010 Author: Lianna Brinded Source: Energy Risk | 27 Apr 2010

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Henry Groppe — $8 gas on the way

By on 28 Apr 2010 in Other with 0 Comments
Henry Groppe — $8 gas on the way

At the Middlefield website on the right hand side there is a video of a recent interview with Henry that gives an excellent overview of energy in Canada. http://www.middlefield.com/ The Globe and Mail/Henry Groppe – A contrarian makes another call – this time, natural gas http://www.theglobeandmail.com/globe-investor/investment-ideas/features/taking-stock/a-contrarian-makes-another-call-this-time-natural-gas/article1538686/

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Kate Mackenzie, energy writer, The Financial Times

By on 26 Apr 2010 in quotes with 0 Comments

“Are policymakers, economists and peak oilists starting to speak the same language? A rash of papers, comments and interviews have made us think this recently. It’s not as simple as ‘policymakers are waking up to peak oil’, but that all those groups – and indeed, industry – are increasingly talking about the same issues looming […]

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Why the Bakken Won’t Save Our Bacon, By Steve Andrews and Randy Udall

By on 26 Apr 2010 in commentary with 7 Comments
Why the Bakken Won’t Save Our Bacon, By Steve Andrews and Randy Udall

The most significant onshore oil development in the Lower 48 over the past decade has occurred in the upper Great Plains. Horizontal drilling of the deep Bakken shale has doubled North Dakota’s oil production, with further growth ahead. The Bakken is not a “field”; it’s an extensive formation that underlies up to 200,000 square miles […]

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Review April 26, 2010

By on 26 Apr 2010 in Peak Oil Review with 0 Comments

Download Full PDF NOTE: After 230+ consecutive issues, our PO Review writing team will miss at least the next Monday publication date, and probably the next two, due to “uncoordinated travels.” Our apologies. 1. Prices and Production Prices hovered around $83-84 a barrel last week, but closed at $85.12 on Friday on a jump in […]

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Review April 19, 2010

By on 19 Apr 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Prices and Production Oil prices had a volatile week, falling below $83 a barrel on Tuesday, climbing above $86 on Wednesday and Thursday and then sinking to settle at $83.24 on Friday after the SEC charged Goldman-Sachs with securities fraud. Most analysts are interpreting the plunge as a temporary knee-jerk reaction […]

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Debunking Peak Demand

By on 19 Apr 2010 in commentary with 5 Comments
Debunking Peak Demand

The notion of ‘peak demand’ is often invoked to suggest that the US or global economy is somehow less in need of affordable oil today or that Americans are simply finding car ownership passé. But is this really the case? Are we weaning ourselves from dependence on oil? The statistics paint a more nuanced story. […]

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Jeffrey Rubin, economist and author

By on 12 Apr 2010 in quotes with 0 Comments

“Triple-digit oil prices are going to threaten a world recovery.”

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Interview with Ray Leonard

By on 12 Apr 2010 in commentary with 0 Comments
Interview with Ray Leonard

Ray Leonard was appointed CEO of independent and Houston-based oil company Hyperdynamics last summer. For the two previous decades, his background in the oil industry included high-level roles with the former Yukos Oil in Russia and more recently Kuwait Energy in the Middle East. One of his early talks on the topic of peak oil […]

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Review April 12, 2010

By on 12 Apr 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Prices and Production The price jump that began two weeks ago sent prices up as much as $17 a barrel, reaching a high above $87 on Wednesday. On Thursday and Friday, prices pulled back to close at $84.92 on concerns that US stockpiles are continuing to build, and that the US […]

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Jeffrey Rubin, consulting economist, author and commentator

By on 5 Apr 2010 in quotes with 2 Comments

“How much longer can the world pretend that it won’t soon be facing another energy shock, one every bit as challenging as the one it faced two years ago? Whether we are talking about supply or demand, there is nothing on the horizon to prevent the imminent return of the very same oil prices that […]

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Review April 5, 2010

By on 5 Apr 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Prices and Production Oil prices which have been stuck in a range between $70 and $85 for months traded as high as $85.22 on Thursday, a 23 percent increase since February and close to the highest prices seen since the great 2008 oil price spike. Wholesale gasoline prices in NY also […]

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OPEC Ed Stein Cartoon

By on 5 Apr 2010 in cartoon with 0 Comments
OPEC Ed Stein Cartoon

Drill Baby Drill-A Second Reality Check

By on 5 Apr 2010 in commentary with 6 Comments
Drill Baby Drill-A Second Reality Check

Last week President Obama announced that he would open federal waters off the Atlantic coast from Delaware south, portions of the eastern Gulf of Mexico and portions of the Arctic Ocean north of Alaska to oil and gas exploration and development. A stated objective of this move is to reduce United States dependence on foreign […]

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