Oil

Oil jumps $4 on Fed, supplies (now over $94)
The new math of oil
OPEC says pumping more won’t bring oil price down
Get used to $100 oil, OPEC warns

A Voice of America correspondent went to the ASPO-USA peak oil conference in Houston recently and filed this report. (text and video)

The former head of Saudi Arabian exploration & production, Sadad Al-Husseini, has told the world that he now believes that the current level of world oil production will likely never be exceeded.

The chief economist of the International Energy Association (IEA), Fatih Birol, has told lastoilshock.com that the agency will review its use of resource estimates from the United States Geological Survey, in a move that seems certain to prompt a major downward revision of its long term oil production forecast.

At a Peak Oil workshop held October 26 at the China University of Petroleum Beijing (CUPB), it was unanimously agreed that ASPO-China should be formed and that Peak Oil research and modeling is essential to China.

The world’s proved reserves have been have been falsely puffed up by the inclusion of 300 billion barrels of speculative resources, according to the former head of exploration and production at Saudi Aramco, and this explains the industry’s inability to raise output despite soaring prices.

Libya oil head: global output can only reach 100 million barrels/day
IHT: No real alternative to oil
Why Malcolm Wicks really hasn’t got this peak oil thing
Connecticut peak oil and NG caucus
Oil Shockwave simulation: Iran sanction impacts on oil futures
Interview with Shell UK chairman
Liberal bloggers puzzle over peak oil

How a Fed rate cut raises oil prices

Please don’t blame us for $93 oil: OPEC

Daniel Yergin: Oil prices becoming decoupled

An executive summary of weekly news from a peak oil perspective, featuring:
– Production and Prices
– Tanker Trackers
– Alberta
– The Energy Watch Group
– Energy Briefs