As the price of West Texas Intermediate (WTI) retests the $40 per barrel (bbl) mark, some pundits are again calling for WTI to fall to $15 or $20/bbl.
Articles: US oil production (14)
Feel-good-outlooks make the TV audience happy, but sleepy.
A midweek update. The oil price rebound which began in late January continued through Monday of this week.
With the recent plunge in oil prices, it feels like the right time to check back in with Richard Heinberg of the Post-Carbon Institute.
The world price of oil - Brent Crude - fell below $84 per barrel on October 15. What is going on? Why does the price of oil matter to financial advisors? What might these fluctuations mean to the price and supply of oil for the rest of the decade?
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.
When it becomes apparent that US tight (shale) oil has peaked, there will be a public confidence crisis because the media are parroting the oil and gas industry’s claim that shale oil is an energy revolution and game changer. Indeed, the game will change, but in unexpected ways.
What's really going on with US oil production?
We spoke with Chris Nelder in Extraenvironmentalist episde #76. This is the first part of a transcript prepared by EE listener Scott.
A midweek update. New York and London futures prices have risen about $2 a barrel this week closing at $102.37 and $110.19 respectively on Wednesday.