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Analysis & Commentary

The Oil Production Story: Pre- and Post-Peak Nations

By on June 25, 2014 in Commentary

By Steve Andrews. BP just released its latest annual Statistical Review of World Energy.  ASPO-USA co-founders Randy Udall and Steve Andrews first collaborated in 2005 on a summary table to highlight key parts of the BP data.  It has been updated annually with each new release from BP.   The latest update with commentary by […]

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U.S. LNG exports: What Would Randy Udall Say?

By on April 28, 2014 in Commentary

 There has been considerable talk in the US of late about not only future energy exports but even about using an “energy weapon” against Russia.  While that might be nice, it’s wishful thinking. An energy commentator who thought in depth about the US’s energy policy back-story and the myth of oil independence was Randy Udall, […]

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EIA Seriously Exaggerates Shale Gas Production in Drilling Productivity Report

By on April 21, 2014 in Commentary
EIA Seriously Exaggerates Shale Gas Production in Drilling Productivity Report

By David Hughes (Note: Commentaries do not necessarily represent ASPO-USA’s positions; they are personal statements and observations by informed commentators.) “Natural gas output from US’ Marcellus edges closer to 15 Bcf/d: EIA” declared the headline in Platts that attracted my attention, since the latest data on the Marcellus shale gas play of PA and WV indicated production […]

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

By on February 17, 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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A 10-Year Retrospective Shows Unwarranted Optimism on Oil Supply

By on February 10, 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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U.S. Crude Oil Exports, Really? – A Look at the UK

By on February 3, 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

Peak Oil Review – 16 June 2014

By on June 16, 2014 in Peak Oil Review

Tom Whipple, Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy The week’s news was dominated by the Sunni extremists’ offensive against government-held cities in northern Iraq. By week’s end insurgent […]

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Peak Oil Review – 9 June 2014

By on June 9, 2014 in Peak Oil Review

Tom Whipple, Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Oil prices remained flat last week as news supporting higher prices balanced off news that would tend to push prices lower:  large US crude stocks; […]

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Peak Oil Review – 2 June 2014

By on June 2, 2014 in Peak Oil Review

Tom Whipple. Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy As predicted last Wednesday, US crude stocks rebounded on revived crude imports which were up by 1.3 million b/d leading to a 1.7 million […]

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Peak Oil Review – 26 May 2014

By on May 26, 2014 in Peak Oil Review

By Tom Whipple Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy The price surge which began early in May continued this week leaving New York oilfutures closing at $104.35, up some $6 a barrel in the […]

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Peak Oil Review – 19 May 2014

By on May 19, 2014 in Peak Oil Review

Tom Whipple, Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Oil futures climbed circa $2 a barrel last week on the now-usual concerns over another drop in stocks at Cushing, […]

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Peak Oil Review – 12 May 2014

By on May 12, 2014 in Peak Oil Review

Tom Whipple, Editor Contents 1.  Oil and the Global Economy 2.  The Middle East & North Africa 3.  China 4. Ukraine 5.  Quote of the Week 6.  The Briefs 1.  Oil and the Global Economy Last week’s trading left futures prices little changed. New York oil closed Friday at $99.99 a barrel and London closed […]

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