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Interview with Ray Leonard
Ray Leonard was appointed CEO of independent and Houston-based oil company Hyperdynamics last summer. For the two previous decades, his background in the oil industry included high-level roles with the former Yukos Oil in Russia and more recently Kuwait Energy in the Middle East. One of his early talks on the topic of peak oil was delivered at ASPO-1 in Upsalla, Sweden (2002). Last October he delivered
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Review - July 6, 2009
1. Production and Prices Crude prices started the week firmly as traders hoped for an improvement in the US economy, the US dollar remained weak, and Nigerian militant attacks continued to cut production. On Tuesday prices jumped to $73 a barrel when a rogue trader in London, acting without authorization, amassed huge positions in Brent crude, losing his firm $10 million in the process. By Thursday,
Obama Tackles the Liquid Fuels Problem
All that is human must retrograde if it does not advance. It is easier to deplore the fate, than to describe the actual condition, of Corsica The principal conquests of the Romans were achieved under the republic; and the emperors, for the most part, were satisfied with preserving those dominions which had been acquired by the policy of the senate, the active emulation of the consuls, and the martial
The Role of Speculation in the 2007-2008 Spike in Oil Prices.
Over the last 8 years many explanations have been offered on why oil prices gradually increased before spiking upward. In the United States, Bush administration officials and industry lobbyists consistently blamed conservation groups and the laws that protect our environment for causing high energy prices. The accusations reached a crescendo in the summer of 2008 as oil prices peaked and chants
Briefs February 2, 2009
Fatih Birol, the chief economist at the International Energy Agency, estimates that around $100 billion in projects, mostly outside of OPEC, have been delayed or canceled over the past year because of weaker oil prices. In some cases, companies are waiting for lower costs. In others, they are deferring projects that have become unprofitable at today’s oil prices.
Briefs January 26, 2009
China boosted crude oil production by 2.3 percent in 2008 while natural-gas output gained 12 percent even as the economy expanded at the slowest pace in seven years. (1/22, #12) Colombia’s 2008 average crude oil output totaled 588,000 barrels a day, up from 531,000 barrels a day in 2007 as high prices in the first half of the year pushed companies to increase production.
International Energy Agency Acknowledges “Patently Unsustainable” Trends in Global Energy Supply and Consumption
World Energy Outlook 2008 report details significant challenges in petroleum production, agreeing with ASPO-USA’s long-held position DENVER (Nov. 17) – National and international energy agencies have long downplayed the statistics and significance of oil depletion. Finally, in Wednesday’s World Energy Outlook (WEO) 2008 report, the Paris-based International Energy Agency (IEA) conclusively
