Last July the government agency, which has collected mundane statistics on energy matters for decades, quietly revealed that 127 of the world's largest oil and gas companies are running out of cash.
Articles: oil price (45)
It is a testament to the psychological power of financial bubbles that people who know and trust me and generally accept the analysis I've put forth in my writings over the last decade are jumping into the stock market again with a pledge that they are in for the long term--no matter what.
Academic researchers Carmen Reinhart and Kenneth Rogoff have become famous for their book This Time is Different: Eight Centuries of Financial Folly and their earlier paper This Time is Different: A Panoramic View of Eight Centuries of Financial Crises. Their point, of course, is that the same …
With diminishing returns, the economy is, in effect, becoming less and less efficient, instead of becoming more and more efficient.
At the Age of Limits Conference, I gave a talk called Converging Crises, talking about the crises facing us as we reach energy limits. In this post, I discuss some highlights from a fairly long talk.
If oil is “just another commodity,” then there shouldn’t be any connection between oil prices, debt levels, interest rates, and total rates of return. But there clearly is a connection.
How do ex-Saudi Aramco geologist Dr Husseini's oil price spike predictions of USD 140 by 2016-17 stack up?
In an interview with ASPO USA in January 2014 Ex-Saudi Aramco geologist Dr. Sadad-Al-Husseini predicted oil price spikes of $140 by 2016/17. This post shows some graphs explaining why this could happen.
A weekly review, including: Oil and the global economy, The Middle East and North Africa, Quotes of the Week, and the Briefs
The prices of New York oil futures and those in London spread further apart this week as the EIA reported another large increase in US crude stocks, and Libya announced that its oil production was down to 250,000 b/d.
A midweek update. With the US shutdown/default crises overshadowing other issues, NY oil traded between $101 and $103 this week as prospects for a resolution to the standoff in Washington went up and down.