Section » Peak Oil Review
Review February 6, 2012
Download Full PDF 1. Oil and the Global Economy New York and London oil futures went separate ways for most of last week as NY prices fell steadily until a burst of optimism on Friday stemming from seemingly better US job figures stopped the slide. Slowly rising London crude prices left the week’s closes at $97.84 in NY, $114.58 in London, and
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Review January 30, 2012
Download Full PDF 1. Oil and the Global Economy Crude prices changed little last week as the various forces moving the markets seemed to balance each other out. New York oil closed on Friday at $96.65 and London at $111.52. In contrast with the oil markets, gasoline futures and natural gas underwent substantial moves. Gasoline futures in New York closed
Review January 23, 2012
Download Full PDF 1. Oil and the Global Economy Oil prices were relatively steady at around $100 for NY crude and $111 for London’s Brent until several factors came together to push prices down a bit on Friday. News that manufacturing in China continues to contract combined with the possibility that Iran might return to the negotiating table to
Fareed Zakaria
“Russia now needs oil at $110 a barrel to manage its finances. For Iraq, the number is $100. Even Saudi Arabia now needs oil to trade around $80 a barrel just to balance its budgets… Only a decade ago Saudi Arabia was able to balance its budget with oil prices averaging around $25 a barrel.”
Review January 16, 2012
Download Full PDF 1. Oil and the Global Economy Oil prices were relatively steady until last Wednesday as concerns about the possibility of strike by Nigerian oil workers and the increasingly shrill rhetoric and exchange of threats between Tehran and its adversaries dominated the market. The assassination of an Iranian nuclear scientist and the revelation
Ronald White
“Gasoline prices are the highest ever for the start of the year, and they’re on the rise, supercharged by expensive oil and changes in refinery operations”
Review January 09, 2012
Download Full PDF 1. Oil and the Global Economy Oil prices climbed last week on increasing tensions in the Persian Gulf despite pressure from a weaker euro which tends to hold prices down. NY oil futures closed at $101.56 on Friday and London’s Brent at $113.06. The spread between NY and Brent widened slightly as sanctions on Iranian oil are likely
2011 Conference Highlights
The ASPO-USA annual conference has been the premier gathering of Peak Oil experts and concerned citizens, and the 2011 and seventh annual conference was no different. We continue to be amazed at the diversity of conference attendees—from geologists, petroleum engineers, corporations, and investors to small business owners, farmers, community organizers, educators, and students. These different
Steve LeVine
“The United States, alone or with Canada, will never produce a sustained volume of 19 million barrels of oil a day.”
Review January 02, 2012
Download Full PDF 1. Oil and the Global Economy NY crude closed out the year quietly at $98.83 a barrel, eight percent higher than where it opened 12 months earlier. For 2011, NY crude averaged $95 a barrel as compared with $79 in 2010 and $62 in 2009. Brent crude averaged $111 for the year, $11 a barrel more than the previous high set in 2008. Last
