Fossil Fuels

What really matters to oil-importing countries is world net oil export capacity, and we are deeply concerned that the top five net oil exporting countries, Saudi Arabia, Russia, Norway, Iran and the UAE (United Arab Emirates), collectively accounting for about half of current world net oil exports, in aggregate are going to show an ongoing decline in net oil exports, continuing an aggregate net export decline that began in 2006.

The price for West Texas Intermediate (WTI) oil touched $100 on January 2, 2008, a new milestone. Oil price has been giving a very clear signal of pending shortage for over five years now, and in breaching the symbolic $100 a barrel mark, continues to do so. Those driving the world economy have steadfastly ignored this red warning light.

Russians are among the most amazing negotiators in the world. Century after century, decade after decade, they somehow get westerners to fall over themselves to trade the store for access to the Russian market.

IEA chief: Oil may rise to $150 on China demand
From $1.80 to $100 in 37 years
Matt Simmons: If demand rises 1.5% to 2%, economic growth may stall

WSJ: Higher oil prices long term may impede global growth

Oil trades near $100, OPEC can’t end rally

Saudi Aramco delays production start from Khursaniyah
CERA’s Yergin: ‘New era’ of oil prices
Jerome a Paris finishes Countdown to $100 oil, starts anew
Australian oil/gas fields shut on cyclone
German economists: Oil to hit $200 in 2018