Prices – May 23

Producers say $200 oil is possible

Oil is little changed, after falling on signs that gains are unjustified

Soros, Ghanem, Tanaka, Chalabi on $135 oil
Skyrocketing oil prices stump experts
Another day, another record: oil tops $135
Experts: High oil prices are here to stay

Peak oil – May 23

Chris Skrebowski on BBC News: ‘We’re in the foothills of peak oil’
Jeroen van der Veer, chief executive of Shell, on peak oil
Peak oil in Paris: IEA now skittish too

Wall Street succumbs to peak oil
IEA plans to lower oil supply forecast

The Wall Street Peak Oil Journal
Why Dems and Republicans are afraid of two words: peak oil

Supply side follies

Lower oil production, exploding production costs and capturing a shrinking fraction of oil profits has not prevented oil companies from enjoying record high profits. These profits are so large that they have masked the fact that US corporate profits are otherwise in the doldrums

Peak oil and politicians

I asked Lisa Wright why Rep. Bartlett’s office thinks the peak oil issue has gotten so little traction in the media and with politicians. “Hard truths are hard to talk about as well as hard to absorb,” she said. But, she added, “It’s a chicken and egg conundrum. To the extent that voters become informed and aware through media, you’ll find that candidates will follow.”