The Price Plunge Continues
Nothing that governments can do seems to stop falling oil prices; Zero interest rates, Detroit bailouts and substantial OPEC production cuts have had no effect on markets that are fixated on the idea that
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Featured Story
The Top 10 Peak-Oil-Related Stories of 2008
1. The Global Recession The impact that declining world oil production will have during the coming year, and possibly longer, is now inextricably intertwined with the course of the economic recession that is sweeping the world. During 2008 the world’s stock markets lost some $30 trillion in investor equity. Nearly every major government was forced to begin massive bailouts of financial institutions and many have started full story
Daily: Peak Oil News
Weekly: Peak Oil Review
Current Developments
Mexico
PEMEX has released new numbers showing that its oil production slid by 9.3 percent during the first 11 months to 2.8 million b/d. Through November, exports
Ukraine’s Gas Bill
The annual fight over payment for the gas that Ukraine buys from Russia is once again in full force. Moscow is warning the EU that it may cut supplies
Briefs
Briefs - January 5, 2009
Russia’s oil production fell by around one percent in 2008, the country’s first annual decline in a decade and possibly a sign of things to
Briefs
(clips from recent Peak Oil News dailies are indicated by date and item #) Japan, the world’s third-largest consumer of oil, said
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The Year Closes
Oil prices rose by nearly 8 percent on Monday, touching $44 a barrel, after Israel launched airstrikes on Hamas facilities in the Gaza strip and made preparations for a land offensive. Anger in the Arab
Last Week
It was yet another wild ride for oil prices last week as the markets continued to balance unsettling economic news, Israel’s attack on Hamas in Gaza, and the pace of OPEC’s production cuts.
