Insight and inspiration in turbulent times.
In few industries do statisticians have to behave like spies, but those charged with collecting data on oil supplies have to rely on secret networks of informers in terminals around the world, who monitor tanker timetables and scrutinise shipping movements to report on changes in import and export volumes.
Lord Browne claims that there are no pressing physical supply constraints on oil.
Many individuals could save themselves a great deal of aggravation by recognizing the fundamental and permanent (or soon-to-be permanent) changes in the crude and products markets instead of berating OPEC and others about some obsolete notion of a fair price for oil.
Scientists meeting at the American Geophysical Union conference in San Francisco debated Tuesday whether the world has plenty of oil for centuries to come — or if it faces impending shortages that might trigger economic chaos, even war, in coming decades.
Opponents in a long-running debate over when the world will run out of oil squared off Tuesday in a crowded room of scientists, reaching only one conclusion: The supply of fossil fuels is fixed and the world economy will eventually have to wean itself from oil.
Supply is ahead of demand — but falling prices probably won’t last long.
Climate change triggering landslides / Arctic gas project at risk, expert warns.
Original title: “China gas deal sealed”. -LJ
Colin Campbell, founder of the Association for the Study of Peak Oil, writes about oil geology within the context Russian history. It contains an update on the state of oil and gas depletion in the World’s second most important oil exporting nation.
Latest bulletin from the Oil Depletion Analysis Centre.
Long-term changes are under way in global energy market that will affect all Americans and the US energy industry of the future, said Rex W. Tillerson, president of ExxonMobil Corp.
This country and the world are in for profound change as the petroleum boom winds down. I find
that even specialists in the fields that will be most affected have not seriously considered what that
transition will be like or how they will handle it. This study is an effort to describe the transition and to
explore what lies beyond it.
