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Commentary

The Oil Production Story: Pre- and Post-Peak Nations 2015

By on June 15, 2015 in Commentary

In reviewing BP’s latest Statistic Review of World Energy, the big story for world oil last year was obvious: the USA’s third straight record-breaking increase in average annual production. Just over 75% of the net increase in world oil production during 2014 came from the USA; add in Canada and 90% of the total increase came from North America. Throw in Brazil’s first significant increase in three years and you have all the world’s net gain in world oil production accounted for by three non-OPEC players. Production from all other producers combined was flat. So the question for 2015 is straightforward: will we see a repeat of those gains…and the flat-liners?

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World Oil Demand Surges: A Data Point For Price Recovery

By on March 16, 2015 in Commentary
World Oil Demand Surges: A Data Point For Price Recovery

By Art Berman.  Reprinted from ArtBerman.com World oil demand increased by 1.1 million barrels per day in February. This is a potentially important data point that suggests a crude oil price recovery sooner than later. It is also important because it further supports the view that a production surplus and not weak demand is the main cause for the […]

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Déjà Vu With a Twist?

By on February 2, 2015 in Commentary

By Robert L. Hirsch. The recent world oil supply/price decline situation looks very much like what happened in 1985-86, when the Saudis dramatically increased oil production, causing world oil prices to crater.  That Saudi action was the result of their having acted as swing producer in OPEC, which under those circumstances caused a progressive loss […]

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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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Not So Fast:  Drilling Holes in the Energy Boom Story

By on October 24, 2014 in Commentary

2014 ASPO-USA Update—Prepared by Richard Vodra. Introduction The story of America’s new energy abundance has been accepted uncritically by too many people.  A closer look at the realities of today and the last decade, coupled with a better understanding of our energy and oil systems, reveals risks that must be discussed and included in planning […]

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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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