Peak Oil Review – 24 April 2017
By Tom Whipple, ASPO - USA
“Global oil inventories are falling because of OPEC and non-OPEC production cuts, but the road to market balance will be long.” –Arthur Berman, Consulting Geologist
Tag: Oil
U.S. Storage Filling Up with Unaccounted-For Oil
By Matt Mushalik, Crude Oil Peak
In a joint post Art Berman and Matt Mushalik analyzed US crude oil inventories as reported by the EIA.
A Personal Appreciation of M. King Hubbert
By Richard Heinberg, Post Carbon Institute
A recent vacation afforded me the opportunity to read The Oracle of Oil, Mason Inman’s excellent new biography of Marion King Hubbert.
US shale oil peak in 2015
By Matt Mushalik, Crude Oil Peak
The latest EIA drilling productivity report (11th April 2016) shows US shale oil production continuing to decline in Bakken, Eagle Ford and Niobrara while the Permian has flattened out.
Peak Oil Review – April 4
By Tom Whipple, ASPO-USA
A weekly roundup of peak oil news, including: -Oil and the Global Economy -Middle East and North Africa -China -Russia -Briefs
The Oracle of Oil
By Chris Nelder, Mason Inman, Energy Transition Show
Many have heard of peak oil, but few seem to understand what it really means, and fewer still know much of anything about the father of the idea, M. King Hubbert.
Peak Oil Review: A Midweek Update – Mar 31
By Tom Whipple, ASPO-USA
It has been a volatile week for oil with prices settling Wednesday at $38.32 in New York and $39.85 in London. Some traders still seem to be fascinated by the upcoming meeting in Doha on April 17th to “freeze prices.”
Peak Oil Notes – Dec 24
By Tom Whipple, ASPO-USA
A mid-week update. Oil prices continued to fall on Monday of this week, pushing Brent prices to lows not seen since 2004 and West Texas Intermediate to below $34 a barrel for the first time since 2009.
IEA: US$ 40 oil means 3 mp/d less oil by 2020
By Matt Mushalik, Crude Oil Peak
You want $40 oil? Yes, please. But according to the World Energy Outlook 2015 of the International Energy Agency, recently released in London, that would mean 3 mb/d less US tight (shale) oil by 2020.
Keystone XL: History Up Close
By Asher Miller, Post Carbon Institute
After nearly 30 years of inaction, will 2015 be seen as the year that the “war on climate change” started in earnest?
Iraq needs 1.3 mb/d additional oil exports and $US 70 oil to balance budget
By Matt Mushalik, Crude Oil Peak
If oil prices remain low Iraq will not get out of its current budget deficit. That will worsen all other problems this country is already suffering from.
Peak Oil Notes – 15 Oct
By Tom Whipple, ASPO USA
“Oversupply” continues to be the word-of-the-day with OPEC continuing to pump out about 2 million b/d more than is being consumed and the global economy continuing to slide.