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Olduvai III: Catacylsm
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$100 Oil Is A Distinct Possibility

$100 Oil Is A Distinct Possibility An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report. The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging […]

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The IEA’s Oil Production Predictions for 2016

The IEA’s Oil Production Predictions for 2016 The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are nevertheless seen sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in […]

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The Case For Peak Oil

The Case For Peak Oil All charts below were created with data from JODI, the EIA and OPEC MOMR. It is in thousand barrels per day and the last data point is September 2015. World crude oil production has taken off during the last two years due primarily to US shale oil production and higher […]

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Top 5 Oil Producing Countries Could See Production Peak This Year

Top 5 Oil Producing Countries Could See Production Peak This Year The EIA’s Short-Term Energy Outlook came out a few days ago. That is where they try to guess the future production and price for oil, for the USA as well as the world. As of late they seem to be getting a little timid with their […]

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Saudi Oil Minister Denies ‘Conspiracy’ To Collapse Oil Prices

Saudi Oil Minister Denies ‘Conspiracy’ To Collapse Oil Prices. ABU DHABI, United Arab Emirates – Saudi Arabia’s oil chief on Sunday dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries and told a summit of Arab energy leaders that he was confident the market would stabilize. The […]

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US crude imports from Non-OPEC countries peaked 10 years before tight oil boom

US crude imports from Non-OPEC countries peaked 10 years before tight oil boom. In part 3 of this series on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries. Excluding Canada – which is a special case due to its integration into the North American oil market – […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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