Another View on Oil
Cal Tech professor David Goodstein says the worldwide peak for production could be reached in 10 years or less resulting in severe inflation and economic ruin.
Oil
Morgan Stanley cuts European oil sector
Morgan Stanley on Wednesday cut its weighting on the European oil sector to “neutral”, saying sky-high prices could fall by $15-$20 a barrel in a short time.
Iraq surveys its oil fields as prices keep bubbling
The Iraq Oil Ministry is undertaking the most comprehensive evaluation ever of the giant oil fields that are the country’s biggest natural resource, an important first step toward understanding the potential output of the fields and estimating the amount of investment needed.
US: Higher oil prices barely dent demand growth
Record oil prices above $40 a barrel are barely curbing surging demand growth in major consuming nations, despite concern over the economic fallout of higher energy costs.
Running on Empty: A field guide to the coming fuel crunch
Five minutes before he was supposed to take the stage, Marion King Hubbert’s bosses at Shell Oil called him on the phone and begged him not to go through with it.
The death of cheap crude
Oil prices are in a state of flux or so we are told. But the truth of the matter may be far simpler than that; maybe production cannot meet soaring global demand.
No easy fix for our Saudi oil habit
If production in the desert kingdom has in fact peaked, as some experts say, the alternatives aren’t easy, if they exist at all.
Only a sea-change likely to stop crude nearing $50 a barrel
With the price of crude oil hitting fresh highs this week, bringing $50 crude firmly into view, analysts say it will take a sea-change — a recession, an abnormally mild northern winter or perhaps a change in U.S. President — to end the rally in prices.
Deutsche warns oil price may hit $100
OIL prices could potentially hit $100 per barrel, analysts at Deutsche Bank warned yesterday – as the cost of US light crude hit a 21-year record of almost $44.
OPEC President: “There is no more supply”
US oil prices have hit record highs after the president of Opec said the producers’ cartel was unable to push any more supplies into the market.
“There is no more supply,” said Opec president Purnomo Yusgiantoro.
Where’s the Oil?
Prices and demand are up. Oil industry revenues are sky-high. So why aren’t oil companies exploring ways to increase supply?
Even Cheaper Oil Will Be Costly
The system is right on the edge, and even small supply disruptions will propel prices upward. This time, oil prices may have taken a ride to a higher-altitude roller coaster.
