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Archive for August, 2013

Peak Oil Review – 26 August 2013

By on 26 Aug 2013 in Peak Oil Review with 1 Comment

By Tom Whipple 1.  Oil and the Global Economy New York and London futures prices spread further apart last week as US traders focused on whether the Federal Reserve would slow bond purchases and London worried about the increasing turmoil in the Middle East. During the week NY oil fell by nearly $4 a barrel, […]

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Peak Oil Review – 19 August 2013

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By Tom Whipple 1.  Oil and the Global Economy Oil prices climbed steadily last week as the situation in the Middle East grew worse. Even the prospect of higher interest rates and weaker demand from the US was not enough to allay concerns about possible supply disruptions. London crude closed at $110.40 after having traded […]

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Whither Shale Oil? – An Interview with David Hughes

By on 12 Aug 2013 in commentary with 0 Comments

ASPO-USA Co-founder Steve Andrews recently talked with Canadian geoscientist David Hughes on the outlook for shale oil.  Q: Andrews–Production from shale oil plays has been impressive and has taken the national energy dialogue by storm.  When did you sense that the shale oil plays had the kind of muscle they are currently showing? A: Hughes—The […]

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Peak Oil Review – 12 August 2013

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By Tom Whipple 1.  Oil and the Global Economy Oil prices rebounded last Friday on better-than-expected Chinese factory data after six days of decline. At the close NY oil futures were up $2.75 a barrel to close at $105.97 and London crude was up $1.45 to close at $108.22. The IEA reported last week that […]

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Why is Saudi Arabia Not a Threat to Fracking?

By on 5 Aug 2013 in analysis with 0 Comments

By: Jeffrey J. Brown (Note: Commentaries do not necessarily represent the position of ASPO-USA) Several media outlets have recently carried a story about a prominent Saudi prince warning that Saudi Arabia is increasingly vulnerable to competition from the US shale revolution, as a result of fracking in tight/shale plays. I would turn the question around […]

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Peak Oil Review – 5 August 2013

By on 5 Aug 2013 in Peak Oil Review with 0 Comments

By Tom Whipple 1.  Oil and the Global Economy Oil prices surged 4.7 percent on Wednesday and Thursday, topping $110 a barrel in London and nearly $109 in New York when prices came within 16 cents of setting a 16-month high. The optimism about possible economic growth earlier in the week was dampened on Friday […]

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