A mid-week update. Oil prices in London have risen this week on concerns that the Ukrainian situation will lead to sanctions and reduced oil and gas flows into Europe.
: #netzero (4)
Unnoticed by the mainstream media, US shale oil covers up a recent decline of crude oil production of 1.5 mb/d in the rest of world (using data up to Oct 2013).
Most of what’s kept people in today’s industrial world from coming to grips with the shape and scale of our predicament is precisely the inability to imagine a future that’s actually different from the present.
A mid-week update. After falling steadily since the middle of September, New York oil futures rebounded this week by some $5 a barrel to close at $97.14 on Wednesday.