Insight and inspiration in turbulent times.
A Bull Market Sees the Worst in Speculators
Action against oil speculators could backfire
If a Hurricane Strikes
Out Of Control(s)- China’s energy subsidies
Eliminating Subsidies Won’t Cut It (Demand for Oil That Is)
Can We Have Rationing Now Please? (David Fleming interview)
BP Statistical Review of World Energy 2008
Richard Pike is an old BP hand, whose maths is sound. The proved reserve is often defined as that low amount which is 90% likely to be recovered, i.e. almost certain, and is called P90. Proved and probable reserve, or P50, is the amount which is 50% likely to be recovered. P10 also includes the possible, and is only 10% likely to be recovered.
A digest of news and commentary from a UK peak oil perspective.
The day after markets registered the highest single-day rise in crude oil prices ever, the United States and Asia’s four largest economies (Japan, China, India and South Korea), meeting in Aomori, Japan in advance of the G8 Energy Ministers summit, have formed a sort of Petro-holics non-Anonymous club, calling for an end to oil subsidies in their countries.
Consumer subsidies (subsidized fuel prices), that is, not producer subsidies.
OK, what they actually agreed upon was “the need” to remove fuel-price subsidies. Eventually.
Report on the recent peak oil conference in Grand Rapids, Michigan.
ABC Science: The price of peak fuel
Rounding up the bad guys (oil price rises)
Kjell Aleklett: Coca-Cola and gasoline, the Coke index
A digest of news and commentary from a UK peak oil perspective.
Oil prices skyrocket, taking biggest jump ever
Oil rises to record on weakening dollar, Morgan Stanley outlook
Oil’s surges $11 day to record $138
Morgan Stanley sees $150 oil within a month
Some oil pundits see crude hitting $140+
Israel-Iran tension causing price surge, CNBC analyst says
BBC: Growing talk of Iran attack
A mid-week update on peak oil, featuring:
– Prices and consumption
– Subsidies
The New World Energy Order (interview with IEA economist Fatih Birol)
Dallas vs. Indonesia
The hollow victory of Rep. Bartlett
Jeff Vail: Falling dollar behind oil price rises?
Oil price crash not imminent despite bubble: Soros
Reports of oil boom’s death look premature
Oil price and hurricane season
Lehman Brothers: Oil price bubble will burst with a bang like dot-com did
How speculators are manipulating & profiting from the global food crisis
Shura member calls for oil production curbs in Saudi Arabia
Argentina halts Chile natural gas exports
Russia… energy priority #1
Caspian CPC May oil exports fall 9.5% vs April
Indonesia says good-bye OPEC, hello peak oil
Global net oil exports have declined for 2 years
