$50 Oil Doesn’t Work
By Gail Tverberg, ourfiniteworld.com
$50 per barrel oil is clearly less impossible to live with than $30 per barrel oil, because most businesses cannot make a profit with $30 per barrel oil. But is $50 per barrel oil helpful?
Tag: Oil demand
The Real Oil Limits Story; what other researchers missed
By Gail Tverberg, ourfiniteworld.com
The underlying assumption in peak oil models is that scarcity would appear before the final cutoff of consumption.
Why oil under $30 per barrel is a major problem
By Gail Tverberg, ourfiniteworld.com
A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What is wrong with this story? A lot of things, as I see it...
Why “Supply and Demand” doesn’t Work for Oil
By Gail Tverberg, Our Finite World
A gradual switch to higher-cost energy products, in a sense, works in the opposite direction to a switch from beef to chicken.
Oil and the Global Economy
By Jan Mueller, Stephen P.A. Brown, The Energy Xchange
How important is oil to the future of the global economy?
Supply, Demand, and the Price of Oil
By James Hamilton, Econbrowser
Could the price of oil be a value such that the current quantity produced exceeds the current quantity consumed?
Low Oil Prices – Why Worry?
By Gail Tverberg, ourfiniteworld.com
The Peak Oil story we have been told is wrong. The collapse in oil production comes from oil prices that are too low, not too high.
Peak Oil Notes – May 22
By Tom Whipple, ASPO-USA
A midweek roundup. After a five-session losing streak, oil prices reversed on Wednesday, climbing about a dollar a barrel in New York and London to close at $58.98 and $65.03 respectively
One of These Things Is Not Like The Others: IEA’s January Report
By Arthur E. Berman, Petroleum Truth Report
OK. Which curve on this chart is not like the others? It's the U.S. and Canada's oil production curve over the past several years.
Oil Prices as an Indicator of Global Economic Conditions
By James Hamilton, Econbrowser
But another reason oil prices have slid so much is weakness in demand for the product, which may be related to a slowdown of overall world economic growth.
World Crude Oil Production and the Oil Price
By Rune Likvern, Fractional Flow
How far the oil price will come down and for how long it will stay “low” is now anyone’s guess. A declining price results from weakening demand while supplies are improving.
IEA Oil Market Forecast: Optimistic Assumptions And An Economy Unable To Grow Out Of Its Problems
By Roger Boyd, Humanity's Test
The International Energy Authority does does its best to paint a rosy picture of peak cheap oil. The reality is an economy which can no longer grow its way out of its problems.