ODAC newsletter – Feb 29
A digest of news and commentary from a UK peak oil perspective.
Oil
Oil prices – Mar 2
Hydrocarbons expert Nicolas Sarkis: ‘world has to get used to high oil prices’
Oil prices to stay above 60-70 dollars: Saudi Arabia
Under the pump (good Australian analysis)
Independent truckers see end of the road
Soothsayers in suits
ASPO-USA highlights the risks in CERA’s production forecast and also the possible consequences (which could be severe) if it’s wrong. Virtually every major organization public and private bases its planning on such optimistic projections.
Peak oil – Mar 1
Petroleum engineer on peak oil
Congressman Bartlett peak oil speech (transcript, slides, video)
Intro to satellite sleuthing: Finding Haradh III
Olduvai 2008 – the movie
ODAC Guest Commentary – Response to Peter Odell
Last week in the ODAC Newsletter I presented four background reasons why Professor Odell could write what he did in response to the article ‘The great fuel folly’ by Jeremy Leggett (The Guardian, February 15th and 5th 2008, respectively). The main reason was the existence of two very different data sets for how much oil the world has discovered – the oil industry’s proved and probable (‘2P’) data, and the very misleading proved reserves (‘1P’) data to which Odell has access. (See below for why 1P data can be so treacherous)…
ODAC Newsletter – Feb 29
A digest of news and commentary from a UK peak oil perspective.
Oil producers – Feb 29
Russian giant looms over Europe (Gazprom)
Brazil: An energized giant
Ghana: Crude oil – blessing or curse?
US sees Iran nuclear dispute going to 2009 (dwindling expectation of US airstrike)
Falling production – Feb 29
S. Arabia LPG exports may start falling in 2010
Mexico’s Pemex posts $1.48 bln 2007 net loss
Norway state oil group Petoro’s Q4 output falls
Cuban oil production down
Peak oil – Feb 29
Rep. Bartlett delivers his 38th special order speech on peak oil (video)
Bartlett: Declining oil supply means war is ‘fairly probable’
BMW: peak oil in 2025, solution = hydrogen
Peak oil in Shell’s National Dialogue on Energy Security
In a report on its outreach program, Shell reaffirms its adherence to the “undulating plateau” view of peak oil. A Shell poll found that 2/3 of Americans believed that peak oil would come within 20 years.
Oil prices – Feb 29
Oil climbs above $102 to a record as dollar falls against Euro
Oil hits inflation-adjusted record high
Option plays suggest oil may fall to $80 by June (story withdrawn)
Peak oil – Feb 28
TOD: Olduvai revisited 2008
Abu Dhabi energy summit: ‘urgent race to find solutions to the coming energy crisis.’
Oil could reach $300, says Simmons in Mideast
Shell report mentions PO:
A National Dialogue on Energy Security
