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Archive for December, 2011

Review December 26, 2011

By on 26 Dec 2011 in Peak Oil Review with 0 Comments

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 falter to worries about supply disruptions. As new waves of unrest flared in Syria, Iraq, Egypt and Kazakhstan, prices rose steadily until by week’s end […]

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Review December 19, 2011

By on 19 Dec 2011 in Peak Oil Review with 0 Comments

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 oil closed out the week at $93.50 down by $6 for the month. In London crude closed the week at $103.35 after trading close to […]

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Oil, Climate, Agriculture and Learning to Love Limits

By on 12 Dec 2011 in commentary with 8 Comments
Oil, Climate, Agriculture and Learning to Love Limits

(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 not give it up. That is the behavioral characteristic that may destroy us as a species. Curiously, only in sports do we agree to eschew […]

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Mohammed Bin Dhaen al-Hamli, oil minister for the UAE

By on 12 Dec 2011 in quotes with 0 Comments

“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 no secret that the days of easy oil are coming to an end.”

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Review December 12, 2011

By on 12 Dec 2011 in Peak Oil Review with 0 Comments

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 as it became apparent that the new European settlement likely would have little effect on the current debt problem. NY oil settled at $99.41, down […]

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Kevin Drum

By on 5 Dec 2011 in quotes with 0 Comments

“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, I think – that they aren’t going to keep up the pretense anymore. Their exploration and drilling program is over, and 10 million barrels is […]

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Review December 5, 2011

By on 5 Dec 2011 in Peak Oil Review with 0 Comments

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 crisis. Starting the week at $97 a barrel, oil closed Friday just below $101. In London where prospects for the survival of the Eurozone are […]

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Saudi Arabia – Headed for a Downfall?

By on 5 Dec 2011 in commentary with 6 Comments
Saudi Arabia – Headed for a Downfall?

(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 million barrels a day by 2020. At this point, the country claims to have capacity of 12 million barrels a day. What does this mean […]

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