Helping America Navigate a New Energy Reality

Archive for June, 2010

John R. Boyce, University of Calgary economist

By on 28 Jun 2010 in quotes with 1 Comment

“The data resoundingly rejects … peak oil. In all aspects, I find the peak oil model an inadequate empirical representation of historical patterns. This is not to say that oil production may eventually peak. It does say that the peak oil model will have little, if anything, to say about it.”

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Interview with Jeff Rubin, Part 2

By on 28 Jun 2010 in commentary with 9 Comments
Interview with Jeff Rubin, Part 2

Jeff Rubin was the chief economist at CIBC World Markets for almost twenty years. He is one of the first economists to accurately predict soaring oil prices back in 2000 and is now a sought-after energy expert. Peak Oil Review caught up to him in Toronto the week before last. Part 2 of the 2-part […]

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Review June 28, 2010

By on 28 Jun 2010 in Peak Oil Review with 1 Comment

Download Full PDF 1. Oil and the global economy After the brief euphoria following Beijing’s un-pegging of the Yuan on Monday, oil prices slipped lower for most of the week. On Friday, however, concerns about the effects the first gulf hurricane of the season might have on oil production sent prices sharply higher to close […]

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Review June 21, 2010

By on 21 Jun 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy Oil prices continued to move upwards this week from the low of $70 two weeks ago. On Wednesday oil touched $78, then closed at $77.18 on Friday. US crude inventories rose by 1.7 million barrels the week before last, raising concerns about long-term oversupply. The usual […]

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Ferdinand Banks, energy economist and widely published author

By on 21 Jun 2010 in quotes with 0 Comments

“What some observers call the shale gas ‘revolution’ might turn out to be no more than one of those mammoth ‘spin’ jobs that are mainly concerned with increasing somebody’s money and power. Personally, for reasons given below, I remain skeptical to a large part of the shale gas song-and-dance, but admittedly I could be completely […]

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The Oil Spill in Perspective

By on 17 Jun 2010 in Other with 1 Comment

The oil spill resulting from the explosion of the Deepwater Horizon rig in the Gulf of Mexico is more than an environmental disaster–it’s a clear signal that our dependency on oil has reached a critical breaking point. The spectacle of the disaster, and the wrangling over who’s to blame for it, are distracting us from […]

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The Oil Production Story: Pre- and Post-Peak Nations

By on 14 Jun 2010 in commentary with 0 Comments
The Oil Production Story: Pre- and Post-Peak Nations

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Review June 14, 2010

By on 14 Jun 2010 in Other with 2 Comments

Download Full PDF 1. Oil and the Global Economy Oil prices rose for 4 days last week, touching a high above $76 on unexpectedly large Chinese export numbers and remarks from Fed Chairman Bernanke that economic recovery was on track. On Friday, however, weak US retail numbers sent prices back down to close at $73.78. […]

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Paul Horsnell, Barclays lead oil industry analyst, in a recent report

By on 14 Jun 2010 in quotes with 0 Comments

“Oil will be slower onstream, more expensive to produce, it will be more politicized and there will be less of it. All of those are factors that make us look at the current back of the oil curve and see it as undervalued at current levels of a shade below $100. We see the consequences […]

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Steven Kopits, director NYC office of Douglas-Westwood

By on 7 Jun 2010 in quotes with 0 Comments

“[EIA’s] forecasts to 2020 are 2-3 mbpd lower than that of traditionally dour Total, the French oil major. And they are below our own forecasts at Douglas-Westwood through 2020. As we are normally considered to be in the peak oil camp, the EIA’s forecast is nothing short of remarkable, and grim.”

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Exponential Growth Meets Finite Resources

By on 7 Jun 2010 in commentary with 4 Comments
Exponential Growth Meets Finite Resources

Anyone devoted to the study of resource economics, especially peak oil, must finally abandon the comfortable foundations of geologic science and face up to the much messier and much less predictable economic side effects implied by the end of cheap energy. The end of cheap oil is now deeply intertwined with a growing sovereign (meaning […]

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Review June 7, 2010

By on 7 Jun 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy For four days last week oil prices hovered around $75 depending on the latest report on economic growth prospects in the US, EU, and China. On Friday the US jobs report showed, that aside from temporary census-taker hiring, there were almost no new jobs created in […]

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BP Chief Executive Says Gulf Oil Spill Will Lead To Record Profits

By on 6 Jun 2010 in Other with 4 Comments
BP Chief Executive Says Gulf Oil Spill Will Lead To Record Profits

“In a sickening Interview with Forbes Magazine BP Chief Tony Hayward says the Gulf spill might help the BP and the oil industry to make increased profits of up to 20% by 2015, which would mean record profits for the British oil maker. Tony Hayward tells Forbes that he is “he’s sleeping well these days” and […]

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Imagining Life Without Oil, and Being Ready

By on 6 Jun 2010 in Other with 0 Comments
Imagining Life Without Oil, and Being Ready

Click photo to link to The New York Times story.

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