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The Bulletin: May 15-21, 2025
The Bulletin: May 15-21, 2025 This past week’s articles of interest… If you’re new to my writing, check out this overview. Pharaohs to AI: The Long Ascent of the Superorganism | Art Berman No Economies Without Biodiversity: Why Our Markets Rely on the Complexity of Nature Wetlands Disappearing Three Times Faster than Forests | UNFCCC […]
Occidental’s CEO Sees Oil Supply Crunch from 2025
Occidental’s CEO Sees Oil Supply Crunch from 2025 The ratio of discovered resources versus demand has dropped in recent decades and is now at around 25%. Oxy CEO Hollub: “2025 and beyond is when the world is going to be short of oil.”. Oil industry executives have been warning that new resources, new investments, and […]
The Harsh Truth: We’re Using More Oil Than Ever
The Harsh Truth: We’re Using More Oil Than Ever In this age of climate crisis, the world is consuming more crude than ever. Peak oil demand? Not yet. Maybe one day, perhaps even soon, around 2030. For now, however, the global economy still runs on oil. It will take a while before governments certify it, […]
China’s Oil Demand Is Set To Hit A Record High In 2023
China’s Oil Demand Is Set To Hit A Record High In 2023 China’s oil demand is expected to hit a record high 16 million bpd this year, an increase of 800,000 bpd. Having lifted its zero-Covid policy, China is currently suffering through an exit wave of Covid but should recover in the second quarter. China […]
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens Hedge fund manager Andurand: full reopening of Chinese economy could send oil prices past $140 per barrel. Andurand: The market is underestimating the scale of the demand boost. Andurand did say last week that oil demand will be limited somewhat by a growth in […]
An Oil Supply Shock May Be Imminent
An Oil Supply Shock May Be Imminent Oil demand has remained resilient in the face of a multitude of challenges. OPEC+ has fallen behind more than 3.5 million bpd on its output goals. The DoE has no immediate plans to start refilling the SPR. The risk of a supply shock grows as China’s economy re-opens […]
Paradigm Shift: End of the Oil Age
PARADIGM SHIFT: END OF THE OIL AGE The world thinks it’s in an energy crisis today and indeed there are shortages in some places but the world is undergoing an energy crisis more fundamental than the simple shortage happening today in Europe. A shortage can be remedied. The larger problem is that oil use began […]
Saudi Aramco to increase oil production to meet global demand
Saudi Aramco to increase oil production to meet global demand Saudi Arabia’s state oil company said it would increase spending on oil production to meet rising global demand, as it reported a doubling of profits in 2021.© Provided by The Guardian Photograph: Ahmed Jadallah/ReutersSaudi Aramco – the world’s largest oil exporter and one of the world’s most profitable […]
IEA calls for driving restrictions and air travel curbs to reduce oil demand
IEA calls for driving restrictions and air travel curbs to reduce oil demand Energy agency warns 2.5mn barrels a day of Russian oil exports could cease from next month The International Energy Agency has called for member countries to adopt “emergency measures” to cut oil demand in the wake of Russia’s invasion of Ukraine, including […]
Oil Producers Aren’t Keeping Up With Demand, Causing Prices to Stay High
Oil Producers Aren’t Keeping Up With Demand, Causing Prices to Stay High OPEC Plus, the United States and others have been slow to ramp up output, lagging production goals. An oil refinery in Port Arthur, Texas. Lagging production of oil worldwide has been sending prices to seven-year highs and driving inflation.Credit…Brandon Thibodeaux for The New […]
World Economy Entering Period of Oil Scarcity, Halliburton CEO Says
An oil worker removes a thread cap from a piece of drill pipe on a drilling lease owned by Elevation Resources near Midland, Texas, on Feb. 12, 2019. (Nick Oxford/Reuters) World Economy Entering Period of Oil Scarcity, Halliburton CEO Says Jeff Miller warns that global oil supply could soon be surpassed by demand for the […]
Running Out of Spare Capacity
Running Out of Spare Capacity Global oil markets could not have looked grimmer than back in the summer of 2020. COVID cases were increasing again and further global economic lockdowns were being threatened. Only two months before, oil prices had crashed into negative territory for the first time in history as global inventories had surged […]
365 Days of Climate Awareness 88 – Peak Oil
365 Days of Climate Awareness 88 – Peak Oil Too much demand causes oil prices to rise to an unsustainable level, leading to the oil market’s collapse. This is another topic, like eutrophication, which is not specifically part of the global warming problem, but it is of direct importance to society and to our use […]
OPEC+ Reportedly Threatening Response To Global Coordinated SPR Release
OPEC+ Reportedly Threatening Response To Global Coordinated SPR Release In an apparent ‘threat’ response to headlines suggesting the Biden administration is attempting to coordinate a global SPR release to push down oil prices (and following reports from Japanese media that the government is preparing to release crude from its strategic stockpiles), the Riyadh-based International Energy Forum said OPEC+ […]
