Hamish McRae

Oil at $100 a barrel will do more to save the planet than all the wind farms in the world

What will the world do about its use of energy in the next few years – and more specifically, might expensive oil force much more radical changes than at present seem likely?

June 26, 2005

A spike in prices, a peak to output – will oil be the downfall of global growth?

What we cannot see is whether this expansionary phase [will be] stifled by an oil squeeze, by a more general burst of inflation, by a loss of confidence in the markets, or conceivably by a trade war. What we can see is that oil at over $50 a barrel is an amber light, and were it to rise to over $100, the light would flip to red.

April 6, 2005

Oil supplies feel the trickle-down effect

Saudi Arabia’s output declined in July giving rise to new concerns that the country is struggling to increase output for technical reasons.

August 21, 2004

Crisis, crunch or crumble: after Yukos, it’s time we started fearing for the future of Saudi oil

Sixty per cent of Saudi production comes from the ‘King of Kings’ field. If this starts to decline, production has peaked.

July 31, 2004

An oil shock would rattle the entire world’s economies

The oil price, in dollar terms at least, is now the highest it has been since 1990. It was soaring oil prices that tipped the world into three of the last four world recessions — the early ’70s, the early ’80s and the early ’90s — so there is an obvious concern. Add in the fact that the two countries with the largest oil reserves, Saudi Arabia and Iraq, are not in the most stable condition.

May 8, 2004

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