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Archive for January, 2015

An Apollo Program for Energy

By on 29 Jan 2015 in commentary

A National Energy Program – A White Paper on Achieving Energy Independence and National Transformation.   By Lawrence Klaus. Revised and Updated, January 2015. 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 […]

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Quote – 26 Jan 2015

By on 26 Jan 2015 in quotes

“We spent a lot of money to go out and drill and use new technologies just to stop production from depleting in our mature fields. It took us a lot of capital to basically run in place and now we’re looking at crude prices under $40 a barrel.” — Rock Zierman, CEO of California Independent […]

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Peak Oil Review – 26 Jan 2015

By on 26 Jan 2015 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 Despite a number of developments affecting the oil markets last week, New York futures still closed Friday at only $45.59 a barrel – […]

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Quote – 19 Jan 2015

By on 19 Jan 2015 in quotes

“You can never have an agreement whereby everybody cuts production. We can’t trust all OPEC countries. And we can’t trust the non-OPEC countries. So it’s not on the table because the others will cheat. The past has proven that. When Saudi Arabia cut production in the ’80s and ’90s, everybody cheated and took market share […]

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Peak Oil Review – 19 January 2015

By on 19 Jan 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  Venezuela 4. Russia/Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy After falling on Monday last week, oil prices remained relatively stable for the rest of the week, closing on Friday at $48.65 in […]

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Quote 2 – 12 January 2015

By on 12 Jan 2015 in quotes

“Sweet crude from the Bakken fetched less than $32 per barrel on Jan 6, and sour crudes were worth less than $23, according to posted prices from Plains Marketing.  At these price levels, there are no parts of the Bakken, whether in the core areas of the play or on the periphery, where drilling new […]

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Quote – 12 January 2015

By on 12 Jan 2015 in quotes

“Saudi Arabia and their allies have been very clear about not giving up market share.  It’s making development in the U.S. and other places sub-economic. There’s not much in the world that looks good at $50 oil.”   — R.T. Dukes, upstream analyst at Wood Mackenzie

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Peak Oil Review – 12 January 2015

By on 12 Jan 2015 in Peak Oil Review

Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3. Ukraine 4.  Quote of the Week 5.  The Briefs 1.  Oil and the Global Economy It was another week of falling prices with Brent declining from $56 a barrel to close on Friday at a five year low of $50.11. […]

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Top 10 News Stories of 2014

By on 6 Jan 2015 in commentary, Peak Oil Review

By Steve Andrews and Tom Whipple – Editors, Peak Oil Review 1. Oil Price Crash The great price crash of 2014 could well turn out to be one of the defining events of the decade, for it has the potential to bring major changes to the oil markets, not only for the next five years, […]

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Quote of the Week – 05 Jan 2015

By on 5 Jan 2015 in quotes

“If prices go down, we are going to cut back to save our wealth—which is oil in the ground.  I’ve seen this six or seven times.  We have ample liquidity, our total revolver available, no near-term debt, a lean organization with just 1,100 people, production of 200,000 barrels per day, and a low-cost, high-margin operation.  We’re going to navigate right through it.”  

—   Bravado from Harold Hamm, CEO Continental Resource.

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Peak Oil Review – 05 January 2015

By on 5 Jan 2015 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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