Helping America Navigate a New Energy Reality

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An Apollo Program for Energy

By on January 29, 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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Top 10 News Stories of 2014

By on January 6, 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 January 5, 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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Quote of the Week – 29 Dec 2014

By on December 29, 2014 in Quotes

“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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Quote of the Week_22 Dec 2014

By on December 22, 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 – 23 Dec 2014

By on December 22, 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

By on December 15, 2014 in Quotes

“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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Quote of the Week – 08 Dec 2014

By on December 8, 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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Quote of the Week – 01 Dec 2014

By on December 1, 2014 in Quotes

“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 December 1, 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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