Download Full PDF 1. Oil and the Global Economy Last week the balance of forces moving oil prices shifted from concerns about what would happen to demand should the Eurozone Continue Reading
Download Full PDF 1. Oil and the Global Economy Oil prices fell sharply last week as concerns about the ongoing European debt crisis outweighed unrest in the Middle East. NY Continue Reading
(Note: Commentaries do not necessarily represent the position of ASPO-USA.) “New technology is almost as alluring as sex. Once humans have experienced any invention that eases physical effort, they will Continue Reading
“The challenge for producers such as the (United Arab Emirates) is to continue producing oil and gas from existing reservoirs while, at the same time, developing new opportunities… It is Continue Reading
Download Full PDF 1. Oil and the Global Economy Oil prices increased a little in the first days of last week on concerns about the Iranian standoff but then fell Continue Reading
“Saudi Arabia has been making excuses for years for their inability to produce more than 10 million barrels of oil per day. They’re publicly stating – for the first time, Continue Reading
Download Full PDF 1. Oil and the Global Economy NY oil prices climbed steadily last week as worries about the effects of sanctions on Iran outweighed concerns about the Eurozone Continue Reading
(Note: Commentaries do not necessarily represent the position of ASPO-USA.) Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 Continue Reading
“In its simplest form, Peak Oil means that just as oil production in the US peaked in 1970 and began to decline, so shall global production do the same. Once Continue Reading
Download Full PDF 1. Oil and the Global Economy Oil prices were little changed last week as the European sovereign debt crises and the various upheavals and machinations taking place Continue Reading
If one can’t rely on Daniel Yergin for soothing reassurances about the state of the global oil market, who you gonna call?
Daniel Yergin and his associates at Cambridge Energy Research Associates (CERA) have consistently predicted a 20% to 25% increase in global total liquids production (which consists of crude oil, condensate, natural gas liquids, refinery gains and other liquids such as low net energy biofuels).
“You can’t talk about our economy or foreign policy without talking about energy. With a growing global population and a finite supply of fossil fuels, the need to diversify our Continue Reading
Reasons for interest in electric power generation from wind are multifold. First, wind is a renewable energy source. It is not likely to deplete over time, which is not the case for oil, coal, and natural gas.
Second, wind electric power generators use no water, which is in declining supply in many places in the world.
Download Full PDF 1. Oil and the Global Economy London and New York oil prices went their separate ways for a day last week as it was announced that the Continue Reading
“Governments need to introduce stronger measures to drive investment in efficient and low-carbon technologies. The Fukushima nuclear accident, the turmoil in parts of the Middle East and North Africa and Continue Reading
Download Full PDF 1. Oil and the Global Economy A number of factors combined last week to push oil prices to a three-month high, the longest run of weekly price Continue Reading
The 2011 ASPO-USA Conference, held in Washington, DC November 2-5, in the shadow of the U.S. Capitol, attracted more than 300 participants from many walks of life. These attendees were brought together, presumably, by a belief that we are entering an era of inexorable decline in fossil fuel production and a desire to face head-on this very serious yet underreported predicament.
“Our moment in history is rather special. It is dangerous to assume that we’ll gracefully handle problems at this scale, because such assumptions amount to dismissals and concomitant inaction… It Continue Reading
Download Full PDF 1. Oil and the Global Economy Despite a week of turmoil in Europe, oil prices continued to creep up despite the likelihood of still more serious troubles Continue Reading
“The heart of our request is the formation of a national oil emergency response plan. We are not demanding that the Department of Energy enact any specific policy change at Continue Reading
Download Full PDF 1. Oil and the Global Economy As has been the case for several months, last week’s trading in oil futures was dominated by the twists and turns Continue Reading
Last week we and other representatives of the Association for the Study of Peak Oil & Gas USA (ASPO-USA) stood on the steps of the U.S. Department of Energy (DOE) to call for “Truth in Energy” concerning one of the most serious threats to our economy, national security, and environment: the prospect of an impending decline in world oil supply. The consequences of this milestone are far-reaching and potentially catastrophic. After a news conference at DOE, we delivered a letter to Energy Secretary Steven Chu summarizing our concerns and requesting answers to specific questions about DOE’s response to this monumental challenge.
Washington DC – ASPO-USA conducted a news conference today on the steps of the U.S. Department of Energy (DOE) headquarters to express deep concerns about the reliability of projections for Continue Reading
“Most economists view the economic growth of the last century and a half as being fueled by ongoing technological progress. Without question, that progress has been most impressive. But there Continue Reading