Bill Powers is the principal of Powers Engineering, an air-quality-consulting engineering firm established in San Diego in 1994. He is a respected analyst on issues relating to electrical transmission, power plant emissions,and permitting.
$80 Oil, Here We Come!!!
In this issue, I will examine several of the reasons why the price of oil will not significantly pull back from today’s levels and is likely to reach the $80 mark within the next 24 months.
November 3, 2004
Indonesia and Oman
While much of the world is concerned about whether Saudi Arabia can deliver on its promise to produce an extra 1 million barrels of oil a day, far more attention should be given to OPEC and non-OPEC member countries whose production continues to fall.
July 31, 2004
Indonesia and Oman – their declines will outweigh Saudi increase
The declining oil production of Indonesia and Oman are greater than Saudi Arabias promised increases. Patterns of accelerated decline do not bode well for other old, aggressively worked, fields.
July 31, 2004
Get Ready for $50US Oil!!
Many geologists believe we are in for a period of significantly higher oil prices, while nearly all economists and the analyst community predict oil prices will fall. Who do you believe?
June 14, 2004
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