Helping America Navigate a New Energy Reality

Archive for August, 2010

ASPO-USA seeking Executive Director

By on 31 Aug 2010 in Other with 0 Comments

The Association for the Study of Peak Oil & Gas – USA (ASPO-USA) is a nonprofit organization founded in 2005 to encourage prudent energy management, equitable community transformation, and cooperative initiatives in an era of depleting petroleum resources.  Our tools are qualitative analysis based on facts, a preference for independent action, and the confidence we […]

Continue Reading »

Review August 30, 2010

By on 30 Aug 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy After touching a high of over $83 a barrel in early August, oil fell to below $71 on Wednesday before rallying to close at $75.17. Despite a stream of negative economic and oil stockpile news, the equity and oil markets rose on remarks by Fed Chairman […]

Continue Reading »

Gail Tverberg, The Oil Drum

By on 30 Aug 2010 in quotes with 0 Comments

“OPEC doesn’t seem to have raised its supply very much in response to the higher oil prices [2004-2008], except a million barrels a day or so at the end. One might suspect that their statements about high spare capacity overstate the extent that they can really ramp up supplies when oil prices are tight. But […]

Continue Reading »

Interview with Michael Smith (Part 2 of 2)

By on 30 Aug 2010 in commentary with 5 Comments
Interview with Michael Smith (Part 2 of 2)

Peak Oil Review: Saudi Arabia is obviously yours and everyone’s kingpin producer.

Smith: Saudi Arabia has been the world’s main swing producer. Since 2006 when I developed the slides, Saudi Arabia has increased its production capacity; a lot was planned at the time, but they’ve been quite proactive in investing in their industry.

Continue Reading »

U.S. Rep. Ed Markey (D.-Mass.) during a hearing last Thursday

By on 23 Aug 2010 in quotes with 0 Comments
U.S. Rep. Ed Markey (D.-Mass.) during a hearing last Thursday

“People want to believe that everything is OK and I think this report and the way it is being discussed is giving many people a false sense of confidence regarding the state of the Gulf.”

Continue Reading »

Interview with the UK's Michael Smith (Part 1 of two parts)

By on 23 Aug 2010 in commentary with 3 Comments
Interview with the UK's Michael Smith (Part 1 of two parts)

Peak Oil Review Team: Could you share a little about your background?

Michael Smith: I was once a geologist, and worked with oil and gas consultancies and companies after graduating from Oxford University in the UK with a PhD. I had worked in most parts of the world when, at the turn of the millennium, I started my own company Energyfiles, focusing on oil and gas production, consumption and

Continue Reading »

Review August 23, 2010

By on 23 Aug 2010 in Peak Oil Review with 1 Comment

The ASPO-USA 2010 Peak Oil Conference Washington, DC — October 7-9, 2010 Early registration (save $) ends August 31st. Register online:  www.peak-oil.org Download Full PDF 1. Oil and the Global Economy Oil prices have now fallen steadily since reaching a high above $83 a barrel in early August. Friday‘s close of $73.82 a barrel was […]

Continue Reading »

Remembering the Remarkable Matthew R. Simmons

By on 16 Aug 2010 in commentary with 4 Comments
Remembering the Remarkable Matthew R. Simmons

How high up the ladder did his viewpoints climb? To the very top. Matt co-chaired the energy task force of presidential candidate George W. Bush in the fall of 2000. (He also shared his energy insights with staffers for a Democratic candidate earlier in the year.) Matt helped Bill White win election as Mayor of Houston, and provided advice and support to Republican presidential candidate Mitt Romney in his 2008 campaign. During a short session in the Oval Office with President Bush in early 2001, Matt shared his concerns about our emerging energy crisis. In subsequent years, he would testify before several House and Senate committees, an experience he would compare to “shouting down a well.” More recently, he gave a one-hour presentation in the Pentagon auditorium that stretched another hour with intense questioning.

Continue Reading »

Review August 16, 2010

By on 16 Aug 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy Oil prices have fallen steadily since touching a high of $83 a barrel two weeks ago and closed on Friday at $75.39 a barrel. Demand for gasoline in the US the week before last fell to 9.2 million b/d from 9.6 million in the week ended […]

Continue Reading »

Jeff Rubin, consulting economist and author

By on 16 Aug 2010 in quotes with 0 Comments

T. Boone Pickens’ plans to save the United States from its energy dependence on so-called hostile petro-powers is, simply put, full of hot air. The abundance of shale gas in the U.S. will no more free the country’s motorists from dependence on foreign oil than have either the American production of over ten billion gallons […]

Continue Reading »

Matt Simmons, global energy expert, dies at 67

By on 9 Aug 2010 in commentary with 7 Comments
Matt Simmons, global energy expert, dies at 67

ROCKLAND, Maine — Matt Simmons, Chairman of ASPO-USA’s Advisory Board, died Sunday night at his home in North Haven Island, near Rockland, Maine. The founder of Houston-based Simmons & Co. International, Matt wrote the 2005 book “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy,” addressing  concerns about Saudi Arabia’s oil […]

Continue Reading »

Review August 9, 2010

By on 9 Aug 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy On Monday and Tuesday oil prices climbed from $79 to nearly $83 a barrel, then fell to close at $80.70 on Friday as multiple negative factors weighed on markets. The week’s early surge came on the usual factors of a weaker dollar and investor optimism about […]

Continue Reading »

The NCSL’s Energy Summit – The good, the bad, the missing.

By on 9 Aug 2010 in commentary with 2 Comments

Every year the National Conference of State Legislators (NCSL) holds an annual conference where legislators from all over the US gather for updates on major public policy issues facing the nation. This year the organization found that issues surrounding our country’s future energy supply were becoming of such paramount importance to state governments that it […]

Continue Reading »

Good News Ed Stein Cartoon

By on 8 Aug 2010 in Other with 0 Comments
Good News Ed Stein Cartoon

Charles T. Maxwell, senior energy analyst, Weeden & Co.

By on 2 Aug 2010 in quotes with 1 Comment
Charles T. Maxwell, senior energy analyst, Weeden & Co.

“Now the shale play for natural gas is very large, but my geological research indicates that these fields are not perhaps as good as some people suggest. They won’t solve all of our energy problems; they’re not that good, that big or that long lasting…As I calculated, we are in a lot of trouble in […]

Continue Reading »

America’s Delusions of Energy Independence

By on 2 Aug 2010 in commentary with 7 Comments
America’s Delusions of Energy Independence

If rhetoric could move mountains I’d like to see the Rocky Mountains moved to northern Michigan so I could view the magnificence of Lake Superior from the top of Long’s Peak. Unfortunately I’m not expecting to see that day. Such is the case with the rhetoric concerning “energy independence”. Politicians and the media are now […]

Continue Reading »

Review August 2, 2010

By on 2 Aug 2010 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy Oil prices opened and closed last week in the vicinity of $79 a barrel. At one point the news of record US crude imports sent prices down briefly to $77 a barrel. This decline was erased when it was learned that much of the excess imports […]

Continue Reading »

Top