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How will Saudi Arabia respond to lower oil prices?

Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production.

The Changing Face of World Oil Markets

My conclusion is that hundred-dollar oil is here to stay.

Keeping Oil Production From Falling

Production flows from a given oil field naturally decline over time, but we keep trying harder and technology keeps improving. Which force is winning the race?

Peak oil: Supply or demand?

In these interviews, we look at peak oil theory with Richard Heinberg and James Hamilton.

Oil and gasoline prices: many still missing the big picture

Gasoline prices in the United States have risen sharply recently, leading some newspapers to round up the usual suspects.

Economics of Bitcoin

Bitcoin is a digital currency for which no government, bank, or corporation takes responsibility. Like many others, I was curious to learn how it works and why it seems to be succeeding.

Making money from the Eagle Ford Shale

Getting oil from  tight oil formations is critical for America's energy future. That makes it all the more sobering that a savvy company like Shell has decided it wants no part in it.

The peak in world oil production is yet to come

Certainly world oil production did not stop growing in 2005. Last year's total was estimated by the EIA to be 4.8 million barrels higher each day than it had been in 2005.

The death of peak oil

"Peak oil is dead," Rob Wile declared last week. Colin Sullivan says it has "gone the way of the Flat Earth Society"...These comments inspired me to revisit some of the predictions made in 2005 that received a lot of attention at the time, and take a look at what's actually happened since then.

Future production from U.S. shale or tight oil

I attended the American Geophysical Union meeting in San Francisco two weeks ago at which I heard a very interesting presentation by David Hughes of the Post Carbon Institute. He is more pessimistic about future production potential from U.S. shale gas and tight oil formations than some other analysts. Here I report some of the data on tight oil production that led to his conclusion.