Peak Oil Review – July 21
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Ukraine, Quote of the Week, The Briefs.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Ukraine, Quote of the Week, The Briefs.
After falling steadily for three weeks, New York oil futures reversed on Wednesday as US crude stocks dropped and China reported some better economic numbers.
The seemingly ever growing oil production is deceiving. The process of peaking is happening right under the growth curve. One has only to look for it
The daily newspapers are now full of stories predicting that Iraq, as we know it, will soon disintegrate into three or more warring states.
The possibility of a new global energy shock moved closer this week as ISIS forces made major territorial gains in Iraq, the speed of events taking world leaders by surprise.
Events in Iraq are headline news everywhere, and once again, there is no mention of the issue that underlies much of the violence: control of Iraqi oil.
Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled South, from where the bulk of Iraq’s oil exports come from.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
What if technology does advance, but not enough, and what if the price of oil is high, but not high enough to justify bringing it out of the ground at the RATE required for the smooth functioning of global society? What then?
New York oil prices rose sharply on Monday due to the usual hopes for an economic recovery and threats to Middle Eastern oil exports.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
A weekly update on energy news.