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Archive for July, 2010

Interview with Art Berman – Part 2

By on 26 Jul 2010 in commentary with 5 Comments
Interview with Art Berman – Part 2

By the Peak Oil Review team Art Berman is a geological consultant whose specialties are subsurface petroleum geology, seismic interpretation, and database design and management. He is currently consulting with a wide range of industry clients such as PetroChina, Total, and Schlumberger. Mr. Berman has an MS in geology from the Colorado School of Mines […]

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Stuart Staniford, energy commentator, Early Warning (blog)

By on 26 Jul 2010 in quotes with 0 Comments

“Recognizing there is a high degree of uncertainty here, overall I would expect global oil production to continue to grow over the next decade, supply permitting, but more slowly and interrupted by periods of contraction as the global economy falls into recession repeatedly due to the ongoing deleveraging process. Under the circumstances, the general course […]

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Review July 26, 2010

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

Download Full PDF 1. Oil and the Global Economy Oil prices moved up slowly last week from $76 a barrel to a close of just below $79 on Friday. A combination of a weaker dollar, stronger equity markets and a Gulf storm was behind the move. After the Gulf storm weakened on Friday, prices fell […]

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Report from Lloyds of London (insurance) and Chatham House (strategic studies)

By on 19 Jul 2010 in quotes with 1 Comment

“Even before we reach peak oil, we could witness an oil supply crunch because of increased Asian demand. Major new investment in energy takes 10-15 years from the initial investment to first production, and to date we have not seen the amount of new projects that would supply the projected increase in demand.”

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Review July 19, 2010

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

Download Full PDF 1. Oil and the global economy Oil settled at the Friday close at $76.01, only a few cents below where it started on Monday. Prices briefly climbed above $78 a barrel on Wednesday when it was learned that US crude inventories had fallen by a much-greater-than-expected 5 million barrels the week before. […]

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Interview with Art Berman – Part 1

By on 19 Jul 2010 in commentary with 12 Comments
Interview with Art Berman – Part 1

Art Berman is a geological consultant whose specialties are subsurface petroleum geology, seismic interpretation, and database design and management. He is currently consulting with a wide range of industry clients such as PetroChina, Total, and Schlumberger. Mr. Berman has an MS in geology from the Colorado School of Mines and is active with the American […]

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Review July 12, 2010

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

Download Full PDF 1. Oil and the global economy Crude futures jumped 5 percent last week, moving from $72 to close over $76 a barrel on Friday. Oil prices continue to be linked with the equity markets which in turn are linked to news about the prospects for economic recovery. Although news on the global […]

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Matthew Kotchen, professor of environmental economics and policy, Yale University

By on 12 Jul 2010 in quotes with 0 Comments

Another reason for the timidity on reducing U.S. consumption is that the easiest change, a tax on oil, is the riskiest politically. “A price signal on oil – that could be your climate change policy; that could be your energy policy. But it’s difficult because it’s not politically expedient.”

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Optimism, Harsh Realism, and Blind Spots—10 years later

By on 12 Jul 2010 in commentary, energy stat with 3 Comments
Optimism, Harsh Realism, and Blind Spots—10 years later

By the Peak Oil Review team Ten years ago, energy analyst Steve Andrews challenged widely respected energy guru Amory Lovins via email for what Andrews thought was an overly optimistic vision-about coal consumption trends, evolution in the auto industry, future world oil production, etc.-articulated in the Rocky Mountain Institute’s Spring 2000 newsletter. RMI published the […]

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Lloyd's adds its voice to dire 'peak oil' warnings

By on 11 Jul 2010 in Other with 0 Comments
Lloyd's adds its voice to dire 'peak oil' warnings

http://www.guardian.co.uk/business/2010/jul/11/peak-oil-energy-disruption Business underestimating catastrophic consequences of declining oil, says Lloyd’s of London/ISS report One of the City’s most respected institutions has warned of “catastrophic consequences” for businesses that fail to prepare for a world of increasing oil scarcity and a lower carbon economy. The Lloyd’s insurance market and the highly regarded Institute of Strategic Studies (ISS, known […]

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Paul Krugman, author and New York Times columnist

By on 5 Jul 2010 in quotes with 1 Comment

“We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost – to the world economy and, above all, to the millions of lives blighted by the absence of jobs – will nonetheless be […]

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EIA’s first Peak Oil statement—how was their vision a decade ago?

By on 5 Jul 2010 in commentary with 7 Comments
EIA’s first Peak Oil statement—how was their vision a decade ago?

Back in 2000, the EIA developed their first power-point presentation covering the topic of peak oil (http://tonto.eia.doe.gov/FTPROOT/presentations/long_term_supply/index.htm). A version of it was presented by EIA Administrator Jay Hakes to the American Association of Petroleum Geologists. The two images below are excerpted from that presentation. What was the EIA’s rationale at the time? How has their […]

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Review July 5, 2010

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

Download Full PDF Peak Oil Review 1. Oil and the global economy Oil prices fell 8 percent last week from a high of $79 on Monday to close on Friday at $72.14. After it became apparent that hurricane Alex would stay well to the west of Gulf oil production, concerns over future economic growth took […]

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