By Chris Martenson, Kurt Cobb, Peak Prosperity
Author Kurt Cobb writes frequently on energy and the environment and warns that our current economic policy suffers from a fatal degree of magical thinking: sufficient new resources will emerge if the price is high enough.
By Chris Martenson, Jeffrey J. Brown, Peak Prosperity
Over the past ten years, it has taken us trillions of dollars, basically, to keep us on an undulating plateau in actual crude oil production. What happens going forward?
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.
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.
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.
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.
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.
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.
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
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.