Light Posting 8th to 22nd October
By Resilience.org Staff, Resilience.org
Due to editorial holiday, there will be light posting from 8th to 22nd October. Regular posting will resume on the 23rd.
Peak Oil Review – 15 Oct 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
Major players in the oil industry are still in disagreement as to where oil prices will go in the near future. A few weeks ago, many financial writers were talking about $100 oil, but the sudden surge of volatility and turmoil in global financial markets has caused many to rethink their forecasts.
Peak Oil Review: 8 Oct 2018
By Tom Whipple, Steve Andrews, Peak-Oil.org
The question of whether we will see $100 oil before Christmas continues to dominate analytical comment in the financial press. The Iranian sanctions are the main factor that could drive prices substantially higher in the next year or so; however, there are many other forces at work that could lead to lower oil prices.
Peak Oil Review 17 Sept 2018
By Tom Whipple, Steve Andrews, ASPO - USA
Oil prices climbed for the first three days last week with Brent climbing above $80 a barrel on Wednesday before falling back to close at $78.09 on Friday.
Peak Oil Review: 10 Sept 2018
By Tom Whipple, Steve Andrews, ASPO-USA
Oil prices fell by another $1-2 a barrel last week to settle at $67.75 in New York and $76.83 in London as the struggle between lower demand occasioned by the Sino-American trade war balanced against falling Iranian exports.
Peak Oil Review 4 September 2018
By Tom Whipple, Steve Andrews, ASPO-USA
Oil prices had two down and three up days last week closing out Friday a dollar or so higher with NY futures at $69.80 and London at $77.64.
Peak Oil Review 20 August 2018
By Tom Whipple, Steve Andrews, ASPO - USA
Crude prices were up Thursday and Friday of last week but still closed with a seventh consecutive weekly loss for WTI — the longest losing streak since 2015.
Peak Oil Review 6 August 2018
By Tom Whipple, Steve Andrews, ASPO - USA
Oil prices fell last week mostly on concerns that the looming US-China trade war would stifle demand. There was a short-lived rally on Thursday after the stocks report showed a 3.8 million barrel increase in total crude stocks mostly due to lower exports, but a 1.1 million drop in the inventory at Cushing, Okla.
Peak Oil Review 23 July 2018
By Tom Whipple, Steve Andrews, ASPO - USA
The $3 drop in US oil prices last Monday was a signal that the forces moving the oil market are changing. Last year, the main forces pushing the oil markets higher were the agreement by OPEC and its partners to lower production and the growth of global demand.