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Is History Repeating Itself In Oil Markets?

Is History Repeating Itself In Oil Markets? Back in 2014, U.S. shale production was growing so fast that it ended up crashing the market. Now, history could be repeating itself. That was the warning from the International Energy Agency, which said in its latest Oil Market Report that a “second wave” of shale supply threatens […]

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A Desperate OPEC Asks US Shale For Help In Cutting Oil Output

A Desperate OPEC Asks US Shale For Help In Cutting Oil Output While OPEC has been presenting an optimistic facade in recent months, repeating at every oppostunity that the global oil market is “rebalancing” and demand is rising, the oil production cartel made a rare slip today when it addressed what should not be named […]

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The Global Oil Supply: Implications for Biodiversity?

The Global Oil Supply: Implications for Biodiversity? The following is an overview of my recent lecture to the Linnean Society of London, which is named in honour of Carl Linneus, who among many other accolades has been described as “The father of modern taxonomy”, and is also considered as one of the founders of modern ecology. It is the world’s […]

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Whatever Happened to Peak Oil?

Whatever Happened to Peak Oil? Whatever happened to “peak oil” – the assertion that the rate at which oil is extracted from the Earth is nearing a maximum or peak level? With falling oil and gasoline prices and a boom of new oil development in the United States and elsewhere, concern about global oil supplies […]

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Global Oil Supply More Fragile Than You Think

Global Oil Supply More Fragile Than You Think Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July – owing […]

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The Oil Price Crash and Economic Slow Down in China

The Oil Price Crash and Economic Slow Down in China Two of the factors in the oil price crash are well constrained: 1) oversupply of expensive light tight oil (LTO) in North America and 2) the decision of OPEC to not cut production. The third possible factor of weak global demand is not so easy […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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