Peak Oil Notes – May 1
The weekly stocks report showed US crude inventories rising yet again, this time by 1.7 million barrels.
The weekly stocks report showed US crude inventories rising yet again, this time by 1.7 million barrels.
The purported benefits of energy independence are simple: an improved economy due to the reduced outflow of dollars, improved national security, and more flexibility on foreign policy, particularly with regards to the Middle East and now Russia. Those objectives are substantial, if they can be achieved.
A weekly update including Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
It has been an active week for the oil and gas markets as the Ukrainian situation worsens and US crude inventories rose to all-time highs.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs
The recent shutdown of Kashagan oil field in Kazakhstan represents one of the most scathing riches-to-rags stories in modern oil history.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Ukraine, China, Quote of the Week, The Briefs
This post shows statistical evidence that BP, like all other International Oil Companies, is in full peak oil mode.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, The Ukrainian Situation, Quote of the Week, The Briefs.
New York oil prices have climbed about $1 a barrel this week closing on Wednesday at $100.29, while London oil slipped to close at $105.85 on hopes that the Ukrainian situation will not lead to a curtailment of oil supplies to Europe.
In an interview with ASPO USA in January 2014 Ex-Saudi Aramco geologist Dr. Sadad-Al-Husseini predicted oil price spikes of $140 by 2016/17. This post shows some graphs explaining why this could happen.
A weekly review including Oil and the Global Economy, The Middle East & North Africa, Ukraine, Quote of the Week, The Briefs