Oil

Oil supplies – Apr 16

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Oil hits record, Britain calls for OPEC hike
Surprise discovery off coast of Brazil may confound the oil and gas doom-mongers
‘Threat’ to future of Russia oil
Krugman: ‘This is what peak oil is supposed to look like’

The scales are balanced

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A chart-fest showing the balance between countries who expanded their production compared to the previous year and those whose production declined. Note the difference between the strong growth years around 2004 and the very slight decline experienced in the last two years when the scales have been nearly ‘balanced’.

A conversation with Michael Klare, author of Rising Powers, Shrinking Planet

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The United States remains the world’s sole military superpower, but it is unclear what advantage this offers in a world of shrinking energy supplies and intense competition for what remains of them. … there is an ever-growing danger that the major consuming nations will provoke regional arms races and get drawn into local resource disputes, thus increasing the risk of unintended Great Power-conflicts.

Supply and demand – Apr 14

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Saudi King says keeping some oil finds for future
Saudi cuts output

IEA cuts world oil demand growth by most in 7 years
IMF forecasts slow global growth

Oil price defies easy calculation
US State Dept.’s Izzo ‘frightened’ by NOCs