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Archive for December, 2014

Quote of the Week – 29 Dec 2014

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“Taking into account the future decline of shale production in the U.S. and Canada, it is Venezuelan oil that can become the substitutional element for the receding volumes of those markets.

–Igor Sechin, CEO of Russia’s Rosneft

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Peak Oil Review – 29 December 2014

By on 29 Dec 2014 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4.  Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Oil prices were little changed for the week on Friday with WTI just below $55 a barrel, and London’s Brent just below $60. […]

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Quote of the Week_22 Dec 2014

By on 22 Dec 2014 in quotes

“[Drilling] Costs are falling nearly as fast as the price, which means oil producers can spend less to get the same or potentially even more in terms of production. While reductions in capex are coming faster than expected, it is unlikely to translate into less supply.“
 
 
— Goldman Sachs report [dartboard alert]

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Peak Oil Review – 22 December 2014

By on 22 Dec 2014 in Peak Oil Review

Contents 1. Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Oil prices were volatile last week with New York futures trading around $55 a barrel and around $60 in London with little change […]

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Quote of the Week – 23 Dec 2014

By on 22 Dec 2014 in quotes

“[Drilling] Costs are falling nearly as fast as the price, which means oil producers can spend less to get the same or potentially even more in terms of production. While reductions in capex are coming faster than expected, it is unlikely to translate into less supply.“
 
 
— Goldman Sachs report [dartboard alert]

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Quote of the Week – 15 Dec 2014

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“The world has such an improved outlook for supplies. Peak oil theorists have been run out of town by American ingenuity.”
 
 
— Bill Colton, Exxon’s chief strategist

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Peak Oil Review – 15 December 2014

By on 15 Dec 2014 in Peak Oil Review

Contents 1. Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Oil prices fell steadily last week closing at $57.81 in New York, and $61.85 in London. Traders say the decline was due largely […]

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Quote of the Week – 08 Dec 2014

By on 8 Dec 2014 in quotes

“We are becoming poorer, our savings vanish, prices grow; however we see an opposite effect to the one that is wanted by people who wish to see Putin knocked down.”
 
 
— Olga Kryshtanovskaya, sociologist, Russian Academy of Sciences.

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Peak Oil Review – 08 December 2014

By on 8 Dec 2014 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3. Russia/Ukraine 4.  Quote of the Week 5.  The Briefs 1.  Oil and the Global Economy After rallying on Monday following a precipitous drop the week before last, oil prices fell steadily for the rest of the week with NY futures […]

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Quote of the Week – 01 Dec 2014

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“Russia’s real problem is not a risk of a crisis, but the fact there is no way out of the current situation. A catastrophe is possible only if some really dramatic decisions in foreign or domestic policy will take place in the near term.”
 
 
Konstantin Sonin, professor, Moscow’s Higher School of Economics

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Peak Oil Review – 01 December 2014

By on 1 Dec 2014 in Peak Oil Review

By Tom Whipple Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4.  Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy A new era in global oil production began on Thursday when the Saudis and allied oil producers announced that, in […]

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