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Peak oil: Challenges and opportunities for the GCC countries

At the beginning of January I was invited to give a presentation and participate in a panel discussion on Peak Oil. Maybe this is not such a huge surprise but what was surprising was that the invitation was to a symposium titled “Peak Oil: Challenges and Opportunities for GCC Countries” that is to be held in Doha, Qatar. The lead organiser of the meeting is the “Arabic and …

Comments on the hearing on “American Energy Security and Innovation”, February 5th, 2013

“Many small creeks make a large stream” is a Swedish saying that describes well the production of shale oil and shale gas. Equivalent English sayings are, “Many a little makes a mickle”, (that originated in Scotland and then President George Washington used in a text of 1793) and “Many drops make a river”. If one looks at a map of the Bakken showing only the …

Frozen frontiers for oil and gas explorations

The fact that the summer ice is declining in the Arctic means that there is now also the possibility to take ships northwest and northeast of Greenland (seen from Europe) and the famous Northeast Passage goes through Russian territorial waters. Some judge that the risk for conflict there will grow and there are those who love to propose conflict-scenarios between Russia and the USA. Conflict …

Comments on US Energy Secretary Chu’s plans to leave the DOE

The USA’s Secretary of Energy, the Nobel Prizewinner Steven Chu, has decided to leave Washington and return to California. His thoughts about his past four years as Secretary of Energy were given in a letter to the employees of the Department of Energy. Before we look a little more closely at that letter I would like to remind you that there were many of us who had great hopes when he …

Gas flaring at Bakken and Eagle Ford

Since the IEA presented its World Energy Outlook report of 2012 the world’s press has spread the news that the USA can become a larger oil producer than Saudi Arabia. They have also reported on increased production of shale gas. During recent years production of shale gas has increased so greatly that the price of natural gas has fallen to levels where it is no longer profitable to drill …

IMF and resource scarcity

During the past week the future of the world economy has been discussed in Davos, Switzerland. Below, I think it is appropriate to quote Christine Lagarde, the Managing Director of the International Monetary Fund (IMF). In her speech of 23 January she presented the following viewpoint: "The burning question is this: how we can make sure that all regions grow strongly, converge rapidly, …

U.S. rig count for oil and gas and future economic growth

Why is it interesting to study drilling rig statistics? The answer is that drilling rig activity indicates the future direction of the oil and gas industry.

EU must drastically reduce its oil imports

The Swedish newspaper Svenska Dagbladet has now, 2012 December 23, published my article "EU must drastically reduce its oil imports". In Swedish, "EU måste skära ner sin oljeimport drastiskt". Michael Lardelli has made a great translation of the article and I have added some relevant photos and graphs. Every week you are around 1000 persons that read my blog and …

Reflections from the 2012 ASPO-USA Conference in Austin Texas

This theme for this year’s ASPO-USA conference was “The Next Oil Crisis – is the boom just another bubble?”. In one week the presentations made at the conference will be available via the ASPO-USA website so I will not discuss all of them in detail. The presentations I have chosen to discuss below represent those that were of most interest to me personally.

An analysis of World Energy Outlook 2012

On 12 November the IEA’s World Energy Outlook report for 2012 (WEO-2012) was presented by the chief economist of that organisation, Dr Fatih Birol. When he did so there was one idea that the journalists in the audience latched on to – that by 2020 the USA would become the world’s largest oil producer. The USA would even produce more oil than Saudi Arabia!
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