‘Rogue states’ and the necessity of oil
Sudden drops in world oil supplies have a way of focusing the mind. I discuss the abrupt U-turn in American policy toward Venezuela and Iran in this week’s post.
world oil production
Thoughts on the Future of World Oil Production
Nature is complex and human behavior is irrational; only the past explains the future. Matthieu Auzanneau’s book Oil, Power, and War: A Dark History, helps us understand the oil industry’s past, which in turn helps us envision the future of not only petroleum, but also the global industrial economy.
Where Actually is that Much-hyped Global Oil Glut?
The media is full with news that there is a global oil glut.
Bubble time: Friends and relatives act as if we’ve returned to business-as-usual
It is a testament to the psychological power of financial bubbles that people who know and trust me and generally accept the analysis I’ve put forth in my writings over the last decade are jumping into the stock market again with a pledge that they are in for the long term–no matter what.
The Changing Face of World Oil Markets
My conclusion is that hundred-dollar oil is here to stay.
Orwellian Newspeak and the oil industry’s fake abundance story
If you want to corrupt a people, corrupt the language. Once it becomes impossible to say the truth with the language we have, it will ultimately be impossible for us to adapt and survive.
An analysis of World Energy Outlook 2012
On 12 November the IEA’s World Energy Outlook report for 2012 (WEO-2012) was presented by the chief economist of that organisation, Dr Fatih Birol. When he did so there was one idea that the journalists in the audience latched on to – that by 2020 the USA would become the world’s largest oil producer. The USA would even produce more oil than Saudi Arabia!