How Fracking Changed the Economics of Oil Production Around the World
By James Meadway, DeSmog Blog
US shale oil is unusual, in being privately owned: most of the world’s oil reserves (over 70 percent) are in state hands.
Tag: global oil production
Peak Oil Notes – Aug 27
By Tom Whipple, ASPO-USA
A midweek update. Oil prices fell sharply on Monday in response to another sell off in China’s stock markets, trading for a while below $38 a barrel in New York; rebounded on Tuesday; and were down again on Wednesday with New York closing at $38.60 and London at $43.14.
Peak Oil Notes – Aug 20
By Tom Whipple, ASPO-USA
A midweek update. On Wednesday, oil futures suffered their biggest one-day fall in a month after the EIA stocks report showed a 2.6 million barrel increase in US crude inventories after analysts had forecast a 600,000 barrel decline.
Peak Oil Notes – July 2
By Tom Whipple, ASPO-USA
A midweek update. Despite a rally on Tuesday, New York oil futures closed on Wednesday at $56.69 a barrel, the lowest level since mid-April.
Peak Oil Notes – May 14
By Tom Whipple, ASPO-USA
A midweek update. Market uncertainty continues as US crude stocks decreased for the second straight week, but so did US refinery utilization.
Peak Oil Notes – Mar 19
By Tom Whipple, ASPO-USA
A midweek update. Oil prices fell steadily this week until Wednesday afternoon when the Federal Reserve announced that it preferred a more gradual path to normalizing interest rates.
Peak Oil Review – Mar 2
By Tom Whipple, ASPO-USA
A weekly roundup of peak oil news, including: -Oil and the global economy -The Middle East and North Africa -China -Russia/Ukraine -Quote of the Week -The Briefs
Peak Oil Notes – Jan 15
By Tom Whipple, ASPO-USA
A mid-week update. Oil prices fell on Monday and Tuesday of this week, but then rebounded sharplyWednesday afternoon to close at $47.48 in New York and $48.69 in London.
Peak oil notes – Dec 11
By Tom Whipple, ASPO-USA
A midweek update. The drop in oil prices continued this week as US crude stocks increased; OPEC lowered its demand forecast for next year; several OPEC countries reduced their selling prices to Asian customers; and the Saudi Oil Minster reaffirmed his intention to maintain production.
Peak oil notes – Nov 27
By Tom Whipple, ASPO-USA
A midweek update. Oil prices continued to fall this week setting four-year lows before closing on Wednesday at $73.69 in New York and $77.75 in London.
The Cost of Cheap Oil
By Richard E. Vodra, Advisor Perspectives
The world price of oil - Brent Crude - fell below $84 per barrel on October 15. What is going on? Why does the price of oil matter to financial advisors? What might these fluctuations mean to the price and supply of oil for the rest of the decade?
US Army colonel: world is sleepwalking to a global energy crisis
By Nafeez Ahmed, The Guardian Earth Insight blog
A conference sponsored by a US military official convened experts in Washington DC and London warning that continued dependence on fossil fuels puts the world at risk of an unprecedented energy crunch that could inflame financial crisis and exacerbate dangerous climate change.