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Archive for February, 2014

Peak Oil Review – 24 February 2014

By on 24 Feb 2014 in Peak Oil Review

Tom Whipple, Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  Venezuela 4.  Quote of the Week 5.  The Briefs 1.  Oil and the Global Economy Last week the oil futures markets were driven by the prospects for more cold weather in the US and mixed reports concerning […]

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The Future of Oil Supply: An Interview with Dr. Richard G. Miller

By on 17 Feb 2014 in commentary

Dr. Richard G. Miller, trained as a geologist, joined BP as a geochemist in 1985. He studied peak oil matters since 1991, when BP asked him the following year to devise a wholly new way to estimate global oil resources.  In 2000, he was tasked with creating an in-house projection of global future oil demand […]

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Peak Oil Review – 17 February 2014

By on 17 Feb 2014 in Peak Oil Review

Tom Whipple, Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Venezuela 5.  Quote of the Week 6.  The Briefs 7. Commentary 1.  Oil and the Global Economy After rising by nearly $10 a barrel since early January, New York oil futures held steady around $100.50 […]

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A 10-Year Retrospective Shows Unwarranted Optimism on Oil Supply

By on 10 Feb 2014 in commentary
A 10-Year Retrospective Shows Unwarranted Optimism on Oil Supply

By Steve Andrews “False optimism leads to very poor investment decisions.” – Jeremy Grantham, Co-founder, Chief Investment Strategist, GMO Ten years ago this month the Oil & Gas Journal published a story from CERAWeek—an annual elite conference for the oil industry put on by Cambridge Energy Research Associates—that bears revisiting.Why go back?  Three reasons.  First, CERA arguably has maintained […]

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Peak Oil Review – 10 February 2014

By on 10 Feb 2014 in Peak Oil Review

Tom Whipple, Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  Quote of the Week 4.  The Briefs 5. Commentary 1.  Oil and the Global Economy Oil traded in a narrow range around $97.50 in NY and $106.50 in London until Friday when concerns that distillate shortages may […]

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U.S. Crude Oil Exports, Really? – A Look at the UK

By on 3 Feb 2014 in commentary
U.S. Crude Oil Exports, Really? – A Look at the UK

By Steve Andrews. Last week the U.S. Senate’s Energy Committee held the first hearing in decades on the question of whether exporting US crude oil, prohibited by law since the 1970s, should be allowed again.  Attendees heard proponents say that allowing crude exports would hold prices down with opponents claiming the opposite case. To be […]

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Peak Oil Review – 3 February 2014

By on 3 Feb 2014 in Peak Oil Review

By Tom Whipple. Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4.  Quote of the Week 5.  The Briefs 6.  Commentary:  U.S. Crude Oil Exports, Really? – A Look at the UK 1.  Oil and the Global Economy Last week oil prices were moved upwards by the […]

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