Section » Current Developments
Review March 15, 2010
Download Full PDF 1. Prices and Production Oil prices spent the week in the vicinity of $82 a barrel. On Friday prices rose briefly to a two-month high of $83.16, then fell back on concerns about US economic growth. For the past six months, the oil markets have cycled between optimism and pessimism about the
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Observations from Al - By Dr. Albert Bartlett
These are random occasional observations by Al Bartlett on items reported in the Peak Oil Review. Peak Oil Review, Vol. 5, No. 9, March 1, 2010 1) In the Ed Stein cartoon, one has an interesting contrast between the giant hyperbolic cooling tower and the small orange cylindrical building to the right of the tower. The small orange building houses the nuclear reactor. There is nothing nuclear about
Review March 1, 2010
Download Full PDF 1. Prices and Production After two weeks of increasing prices which brought oil from $70 a barrel to the vicinity of $80, last week was rather quiet with oil gyrating between $78 and $80 in response to the latest reports. As has become normal recently, increased Chinese demand for oil was offset
Drawing the lower and upper boundaries of future oil supply By Rembrandt Koppelaar, ASPO Netherlands
The oil supply challenge is often summarized in terms of the production volume equivalent of Saudi-Arabia’s that needs to be replaced. This popular metric is based on in-depth studies of global decline rates that show a decline range between 4.5 and 6 percent over the current 73 million barrels of crude oil produced per day. By using such literature values for all types of production, it can
Review February 22, 2010
Download Full PDF 1. Prices and Production Oil prices have moved up steadily for two weeks, rising by almost $10 a barrel, and now are back in the vicinity of $80. A potpourri of developments is behind the move, including a fluctuating dollar, a small increase in US discount rates and lower inflation, the
Natural Gas - Bridge to sustainability by Tom Hewett
Steve Andrews says it’d be nice to have more viewpoints from ‘inside the industry,’ so who am I too let the big guy down! I’m a petroleum engineer going on 24 years. My first 6 years were on platforms in the Gulf of Mexico and gave me an appreciation for the teamwork and technology that go into the drilling business Charlie Brister sometimes writes about on these pages. My last
Review February 1, 2010
Download Full PDF 1. Prices and Production Crude oil prices dropped 8.2 percent, nearly $10 a barrel, in January to close on Friday at $72.89 a barrel. Continuing weakness in US demand, financial troubles in Greece, Spain, and Portugal resulting in a stronger US dollar, and reduced expectations that China will soon be leading a global economic recovery
Review January 25, 2010
Download Full PDF 1. Prices and Production Oil prices have now fallen by $10 a barrel from a recent high above $84 reached the week before last to close on Friday at $74.54. The usual factors of falling OECD demand, prospects for warmer weather in some regions, a stronger dollar, weaker equity markets, lower
2009 Conference Proceedings
ASPO 2009 International Peak Oil Conference System Reset: Global Energy and the New Economy Sheraton Hotel, Denver, Colorado Sunday, October 11- Tuesday, October 13, 2009 Saturday, October 10, 2009 1:00 PM to 9:00 PM Pre-Conference Workshop: Survive and Thrive After Peak Oil Creating Personal Plans for the Coming Decades The Challenge: How should we plan our lives in the face of peak oil, global
Production and Prices
The week started with oil trading at around $69 a barrel on periodic concern that the global recovery was running out of steam. This was helped by a forecast that the demand for gasoline would drop in the US and Europe over the next 10 years as more efficient autos become the norm and emissions controls are implemented. On Wednesday, however, the market’s mood shifted when the US stockpile data showed
