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OECD fails IEA reliability test
To correct for earlier over-optimistic forecasts, the International Energy Agency (IEA) has reduced its estimates for non-OPEC oil production by 410 kb/d from second quarter 2007 onwards. This change has been little noticed in the press.
August 15, 2007
Norwegian authorities fear steep crude decline
The Norwegian Oil Director is establishing “a slow and gradual decline” as a best case scenario for Norway, concluding that “serious efforts must be made in several areas” to achieve it. The alternative scenario? Steep decline.
April 23, 2007
Don’t forget the “Twin Peaks” of oil production
While peak oil is an important turn of the tide, we should not forget that net oil for consumption will peak long before peak oil. Possibly it already has.
March 22, 2006
