Peak Oil Review – Mar 10
A weekly update including Oil and the Global Economy, The Middle East & North Africa, China, Quote of the Week, The Briefs.
A weekly update including Oil and the Global Economy, The Middle East & North Africa, China, Quote of the Week, The Briefs.
There is no U.S. oil and gas export "weapon" to aim at Russia to counter its moves in the Ukraine. The U.S. isn’t even supplying its own needs. But you wouldn’t know that from media reports and editorials in the last week.
This week’s trading has been dominated by the Ukrainian situation which sent Brent crude surging by $3 a barrel on Monday before falling to close at $107.76 — nearly $1.50 below where it started on Monday.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Venezuela, Ukraine, Quote of the Week, The Briefs.
In 2013, 69 percent of Bakken oil traveled by rail; that percentage is expected to reach 90 percent this year.
Steven Kopits, Managing Director, Douglas-Westwood talks peak oil and oil markets.
A weekly update including: Oil and the Global Economy, The Middle East & North Africa, Venezuela, Quote of the Week, The Briefs
The recent growth in the “oil” production has been nowhere near what had been normal prior to the “Great Recession,”…
Today it is especially difficult for most people to understand our perilous global energy situation, precisely because it has never been more important to do so. Got that? No? Okay, let me explain.
It took major storm damage and record floods to get energy prices off the front pages, but any ministers hoping for a brief respite on the turmoil over energy policy will be no doubt disappointed.
Crude has traded quietly this week with New York futures hovering around $97.50 a barrel where they have been for the last two weeks and London around $106 a barrel.
My question to the Brits: if you could turn the clock back, would you allow all your oil to be produced at the maximum possible rate, earning the amount of export dollars you did, if it meant that within a generation you would be back to being an oil importer paying roughly five times as much per barrel?