Section » Peak Oil Review
Mohammed Bin Dhaen al-Hamli, oil minister for the UAE
“The challenge for producers such as the (United Arab Emirates) is to continue producing oil and gas from existing reservoirs while, at the same time, developing new opportunities… It is no secret that the days of easy oil are coming to an end.”
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Review December 12, 2011
Download Full PDF 1. Oil and the Global Economy Oil prices increased a little in the first days of last week on concerns about the Iranian standoff but then fell as it became apparent that the new European settlement likely would have little effect on the current debt problem. NY oil settled at $99.41,
Kevin Drum
“Saudi Arabia has been making excuses for years for their inability to produce more than 10 million barrels of oil per day. They’re publicly stating – for the first time, I think – that they aren’t going to keep up the pretense anymore. Their exploration and drilling program is over, and 10 million barrels is as good as it’s ever going to get.” – No Comments • Read this story »
--->Review December 5, 2011
Download Full PDF 1. Oil and the Global Economy NY oil prices climbed steadily last week as worries about the effects of sanctions on Iran outweighed concerns about the Eurozone crisis. Starting the week at $97 a barrel, oil closed Friday just below $101. In London where prospects for the survival of the
Robert Rapier
“In its simplest form, Peak Oil means that just as oil production in the US peaked in 1970 and began to decline, so shall global production do the same. Once you get past that basic premise – one in which there is near-universal agreement once people understand that is what you mean when you say “Peak Oil” – there are many different opinions of exactly how events will
Review November 28, 2011
Download Full PDF 1. Oil and the Global Economy Oil prices were little changed last week as the European sovereign debt crises and the various upheavals and machinations taking place in the Middle East roiled the markets. NY oil closed at $96.77 and London at $106.40 — both down about 1 percent for
US Secretary of State, Hillary Clinton
“You can’t talk about our economy or foreign policy without talking about energy. With a growing global population and a finite supply of fossil fuels, the need to diversify our supply is urgent.” – US Secretary of State, Hillary Clinton
Review November 21, 2011
Download Full PDF 1. Oil and the Global Economy London and New York oil prices went their separate ways for a day last week as it was announced that the pipeline that had been sending oil from the Texas coast to the Cushing, Oklahoma oil terminal would be reversed. Traders saw this reversal as having the
IEA Executive Director, Maria van der Hoeven
“Governments need to introduce stronger measures to drive investment in efficient and low-carbon technologies. The Fukushima nuclear accident, the turmoil in parts of the Middle East and North Africa and a sharp rebound in energy demand in 2010 which pushed CO2 emissions to a record high, highlight the urgency and the scale of the challenge.”
Review November 14, 2011
Download Full PDF 1. Oil and the Global Economy A number of factors combined last week to push oil prices to a three-month high, the longest run of weekly price gains since April 2009. Fueling the increase were falling global petroleum inventories; the perception that the EU is making progress in settling
