Just a hint from the mainstream that limits precipitate rising oil prices
An analysis in Bloomberg points to a key and obvious cause of today’s high prices for oil and other commodities: There isn’t enough of them to go around.
American oil production
“Energy Dominance,” What does it Mean? Decoding a Fashionable Slogan
During the past few years, it has become fashionable to say that the US has, in fact, become energy independent, even though it is not true. And, doubling down on this concept, there came the idea of “energy dominance,” introduced by the Trump administration in June 2017. It is now used at all levels in the press and in the political debate.
Review: Oil, Power, and War by Matthieu Auzanneau
In Oil, Power, and War, French journalist Matthieu Auzanneau presents a comprehensive, provocative history of humankind’s relationship with oil.
OPEC production increase shows it’s still fighting U.S. shale oil
The move by OPEC last week to raise oil production to compensate for outages among the group’s members shows that U.S. shale oil (properly called “tight oil”) is still in its cross hairs–and that the economics of tight oil remain abysmal.
Jeffrey J. Brown: Hurricanes & US Oil Production
To discuss the ramifications from these storms on the oil markets, geoscientist and oil explorer Jeffrey Brown returns to the podcast. He calculates that Harvey alone will have long-lasting effects such as lingering supply shortages, but his greater focus is attuned to the growing validation of his Export Land Model, which calculates the rate at which oil-producing nations cease to become net exporters as their domestic consumption increases.
Alternative Geologies: Trump’s “America First Energy Plan”
Donald Trump’s official Energy Plan envisions cheap fossil fuel, profitable fossil fuel and abundant fossil fuel. The evidence shows that from now on, only two of those three goals can be met – briefly – at any one time.
Will declines in U.S. and Canadian oil production lead to a global decline?
At the beginning of this year I noted that all of the growth in world oil production* since 2005 has come from two countries: the United States and Canada. And, I suggested that since the growth in production in those two countries came from high-cost deposits–tight oil in the United States andtar sands in Canada–that the precipitous drop in oil prices would lead to declines in production in both countries.
Peak Oil Notes – Mar 12
A midweek update. Oil prices have fallen during the last week with New York futures down about $4 a barrel, closing Wednesday at $48.17.
‘Drill, Baby, Drill’ fails: Why gasoline prices remain high despite oil boom
On Monday, USA Today reported that the price of gasoline hit $3.60 a gallon for the first time since October — an early start in comparison to the usual price rise seen in the spring. The increase occurred despite world oil production climbing to 88.8 million barrels per day in 2012, about 2 million barrels higher than two years ago according to the Washington Post’s Brad Plumer. And about half of that increased production is due to an oil boom in the United States that’s driven imported oil to its lowest level since 1987.
Peak oil review – February 11
A weekly update, including:
-Oil and the global economy -Middle East -US gasoline prices -Chavez unable to return? -Quote of the week -Briefs
An analysis of World Energy Outlook 2012
On 12 November the IEA’s World Energy Outlook report for 2012 (WEO-2012) was presented by the chief economist of that organisation, Dr Fatih Birol. When he did so there was one idea that the journalists in the audience latched on to – that by 2020 the USA would become the world’s largest oil producer. The USA would even produce more oil than Saudi Arabia!