Peak oil – May 20

Financial Times: Fears over oil supply move into the mainstream (‘Are the peak oilists right?’)

Jeffrey Brown’s warning on oil producers’ own rising consumption gains Wall St backing
What the Export Land Model means for energy prices

Has peak oil as a meme “tipped”? (out of futures backwardation and into contango)
CNN on peak oil

Why planning for $200 barrel oil is so important

With the oil price looking pretty settled above $126 a barrel, what does the UK Government estimate the future oil price to be? Clearly one would imagine that as the most responsible body in the land, charged with making long term decisions that affect us all, they would have their fingers on the pulse of this one. Unfortunately the official position is as insulting as it is pathetic.

Distillates

The evidence is mounting that the US might just encounter the first real crisis of the oil depletion age before the year is out. The crisis at first will be one of spiraling prices for diesel and heating oil that will cause considerable economic havoc, and then there may be actual shortages right here in the United States.