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Brent Oil Falls Below $100 A Barrel For First Time Since October
Lananh Nguyen and Grant Smith, Bloomberg
Brent crude dropped below $100 a barrel for the first time in almost eight months, reaching a level targeted by Saudi Arabia’s oil minister, as concern that Chinese growth is slowing pushed equities and commodities lower.
Brent slid to its lowest since Oct. 4 in London as China’s manufacturing grew at the weakest pace since December. Saudi Arabian oil output advanced to the highest level since 1989, according to a Bloomberg survey. U.S. jobless claims rose and the country’s crude stockpiles increased to a 22-year high last week, reports showed yesterday…
(1 June 2012)
Greece Finding Crude Oil Increasingly Hard to Come By
Sarah Kent and Jenny Gross, Wall Street Journal Blogs
Greek refiners are finding fewer willing sellers of crude oil as suppliers wary of the country’s economic situation avoid doing business there, people familiar with the situation said. The issue extends beyond the supply of crude oil to oil products that are used for fuel, heat and power generation and are essential for industrial activity.
A trader described people in the market as “completely reluctant” to deal with Greece, amid concerns over customers’ ability to pay for oil, as rising fears that the troubled country could be forced out of the euro zone have dented sellers’ confidence, and with banks increasingly reluctant to supply Greek companies with credit lines…
(31 May 2012)
Dr. Colin J. Campbell discusses changes in world energy supplies
Dr. Colin J. Campbell, localcampus.com
Colin Campbell recorded at the New Energy Era Forum, May 2012.
New Energy Era Forum 2012 – Dr. Colin J. Campbell by LocalCampus
(1 June 2012)
Was tun, wenn das Öl versiegt?
Jürgen Döschner, WDR
Am 22. Mai 2002 trafen sich in der schwedischen Stadt Uppsala eine Handvoll Wissenschaftler, Politiker und Publizisten und gründeten die Association for the Study of Peak Oil and Gas, kurz ASPO. Ihr Ziel: Die Welt darauf aufmerksam machen, dass Öl und Gas schon bald nicht mehr in ausreichenden Mengen und zu niedrigen Preisen verfügbar sind.
Damals lag der Rohölpreis bei rund 20 Dollar pro Fass. Heute, zehn Jahre später, kostet ein Fass mehr als 100 Dollar…
Listen to audio segment
(30 May 2012)
With ASPO meeting in Vienna this week, some peak oil commentary in German.