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Tag Archives: oil
The Age Of Cheap Oil Is Over
The Age Of Cheap Oil Is Over The longer I look at what is going on today with oil prices the less it makes sense to me. I know there are a lot of experts who blame this all on the “glut” of oil created by overly aggressive U.S. upstream companies that took all the […]
The Deep State Strategy: Burn Everyone Else’s Oil First, Leave Ours in the Ground
The Deep State Strategy: Burn Everyone Else’s Oil First, Leave Ours in the Ground The U.S. Deep State is in favor of Saudi Arabia’s strategy of forcing production cuts on its rivals and marginal producers for two profound reasons. It is widely presumed that if the U.S. government isn’t actively concerned about the financial carnage […]
Vast reserves of fossil fuels should be left untapped
Vast reserves of fossil fuels should be left untapped Researchers have identified the major producers of coal, gas and oil that stand to lose most financially if agreement is reached on radical cuts needed to avoid dangerous climate change. LONDON, 8 January, 2015 − The sheer scale of the fossil fuel reserves that will need to […]
Oil Production Vital Statistics January 2015
Oil Production Vital Statistics January 2015 Another ‘guest post’ by Euan Mearns at Energy Matters. I thought that, given developments in oil prices, we can do with some good solid numbers on production. Euan Mearns: This is the first in a monthly series of posts chronicling the action in the global oil market in 12 key charts. […]
This Oil Thing Is The Real Deal
This Oil Thing Is The Real Deal Well! WTI below $50 and Brent below $53 when I start writing this. Who knows where they’ll be by the time I’m finished?! The euro down below $1.20, US stocks flirting with -2%, major European ones off -3%, Italy and Greece over -5%. Welcome to the real world, […]
The Next Decade Will Decide Peak Oil Outcome
The Next Decade Will Decide Peak Oil Outcome The most attention-grabbing attempts to predict oil futures have come from geologists and environmental activists, who tend to look solely at production. An overlooked doctoral thesis by Christophe McGlade,Uncertainties in the outlook for oil and gas, in contrast, focuses on how both supply and demand might be […]
Suncor facility in Rimouski dealing with gasoline leak – Montreal – CBC News
Suncor facility in Rimouski dealing with gasoline leak – Montreal – CBC News. A Suncor facility in Rimouski, Que. has been leaking gasoline since early yesterday evening. Firefighters and Quebec’s environmental emergency team are on the scene, trying to fix the leak and clean up the spilled gas. Emergency responders were alerted to the leak at […]
Joe Oliver concerned about a Canada divided over energy – Business – CBC News
Joe Oliver concerned about a Canada divided over energy – Business – CBC News. Finance Minister Joe Oliver says he is concerned that divisions within Canada over the energy sector will eventually hold back the country’s growth. In a year-end interview for The Exchange with Amanda Lang, Oliver cited opposition to fracking and to pipelines in […]
The Biggest Risks To Canada’s Economy In 2015, And Beyond
The Biggest Risks To Canada’s Economy In 2015, And Beyond. We welcome 2015 at a rather tumultuous time for the global economy — from falling oil prices to hacker threats against a movie studio, to a crucial election in Greece. The global economy is at a crossroads that could see it either finally escape the […]
Exclusive: U.S. agency gives quiet nod to light oil exports – sources | Reuters
Exclusive: U.S. agency gives quiet nod to light oil exports – sources | Reuters. (Reuters) – The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions. In conversations that may help clear the way […]
Crude harvest: selling Mexico’s oil – Special series – Al Jazeera English
Crude harvest: selling Mexico’s oil – Special series – Al Jazeera English. Against the backdrop of Mexico’s ever-widening gap between rich and poor, growing violence, and stalled economy, President Enrique Pena Nieto has passed a series of economic reforms. Under these reforms, Mexico’s oil, which was expropriated from foreign interests 75 years ago, is now for sale […]
RESOURCE CRISIS: Peak Oil: the elephant in the room
RESOURCE CRISIS: Peak Oil: the elephant in the room. In 2003, I invited Colin Campbell, the founder of the association for the study of peak oil (ASPO), to give a talk in Florence. After the talk, a small group of conspirators (1) collected in my office. We drank together something curiously looking like petroleum in […]
oftwominds-Charles Hugh Smith: We Just Enjoyed the Last Christmas in America
oftwominds-Charles Hugh Smith: We Just Enjoyed the Last Christmas in America. The end of rising wages = the end of mass affluence: we just enjoyed the Last Christmas in America (TLCIA). As unemployment topped 10%, the January 1975 cover of Ramparts magazine blared: The End of Affluence: The Last Christmas in America. (TLCIA) The government responded to the high […]
If Shell Backs Out, Arctic Oil Off the Table for Years
If Shell Backs Out, Arctic Oil Off the Table for Years. The next several months may be pivotal for the future of oil development in the Arctic. While Russia has proceeded with oil drilling in its Arctic territory, the U.S. has been much slower to do so. The push in the U.S. Arctic has been […]
Peak Oil Review – Dec 22
Peak Oil Review – Dec 22. 1. Oil and the Global Economy Oil prices were volatile last week with New York futures trading around $55 a barrel and around $60 in London with little change at week’s end. In the absence of any solid news on supply or demand, traders jumped in and out of […]
