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Archive for October, 2013

A National Energy Program

By on October 28, 2013 in Commentary with 0 Comments

  A National Energy Program – A White Paper on Achieving Energy Independence and National Transformation.  By Lawrence Klaus.   In a recent post, we marked the 40th anniversary of the 1973 Oil Embargo–an event that has had profound economic and geopolitical aftershocks for the United States.  The embargo itself lasted five months, but its […]

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Happy 40th Anniversary, America

By on October 18, 2013 in Commentary with 2 Comments

On October 19, 1973, the Organization of Arab Oil Exporting Countries (OAPEC) proclaimed an embargo of oil exports to the United States, in response to U.S. support for Israel in the 1973 Arab-Israeli War.  The embargo, which was accompanied by cuts in overall production by OAPEC countries, lasted until March 1974. Oil prices shot up […]

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Peak Oil Review – 14 October 2013

By on October 17, 2013 in Peak Oil Review

By Tom Whipple 1.  Oil and the Global Economy New York oil prices fell last week during volatile trading, closing Friday at $102.02 amidst concerns about the US government shutdown and the possibility of a US debt default later this week. London crude, however, which is more concerned with problems in exports from Libya and […]

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Peak Oil Review – 7 October 2013

By on October 13, 2013 in Peak Oil Review

By Tom Whipple 1.  Oil and the Global Economy The price drop which began in early September continued through last Tuesday, but reversed on Wednesday following the news that the southern leg of the Keystone pipeline would be opening before the end of the year. New York oil traded around $103 on Thursday, then on […]

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Shell’s Oil Shale Shutdown: 1-800-Dry-Hole

By on October 11, 2013 in Commentary

By Steve Andrews. Early last week, Shell Oil announced it was shutting down its oil shale research project in western Colorado. Combine their departure with Chevron’s exit back in February 2012 and you can count another nail in oil shale’s coffin. Yet since this unconventional resource ranks among the largest in the world, estimated by […]

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Peak Oil Review – 30 September 2013

By on October 11, 2013 in Peak Oil Review

By Tom Whipple 1.  Oil and the Global Economy Oil prices were little changed last week with New York crude trading around $103 a barrel and London around $108. While several of the usual factors moved prices last week – stronger Chinese manufacturing numbers, a falling dollar, and a rebound in Libyan exports – most […]

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