Demand, Production, and Prices
Starting in the vicinity of $60 a barrel on Monday, oil prices closed at $63.56 on Friday for an increase of 6 percent — after falling more than 10 percent the week before. There was little oil-related news behind the rally. Increased profits at two Wall Street firms lifted the stock markets. A weaker dollar, signs that China may be recovering, and a slightly optimistic Federal Reserve report contributed
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South Asia
Largely unreported in the western press are the devastating effects that electric power shortages are having on the Asian sub-continent, particularly in Pakistan and India. While the underlying cause of these shortages is insufficient investment to keep up with growing populations and economies, poor monsoons in recent years have led to drastic cuts in hydro-electric production. This, coupled with
China’s Growth
Many who are counting on a rapid economic rebound in China to lead the world out of the recession were cheered last week when Beijing announced a 7.9 percent increase in its GDP during the second quarter. The NY Times and Wall Street Journal hailed the announcement as evidence that Beijing has turned the corner, and by implication suggested the rest of the world could be on the road to recovery. When
Review July 20, 2009
Full PDF: Peak Oil Review 07/20/2009 Full and Complete Peak Oil Review: 1. Demand, production, and prices Starting in the vicinity of $60 a barrel on Monday, oil prices closed at $63.56 on Friday for an increase of 6 percent — after falling more than 10 percent the week before. There was little oil-related news behind the rally. Increased profits
Interview with Marshall Adkins
Marshall Adkins is the Houston-based Managing Director of Energy Research for Raymond James & Associates, a full-service investment firm. ASPO-USA’s Steve Andrews caught up with him last week to follow up on his pivotal May 4, 2009 “Energy Stat of the Week”–Peak Oil in the Rearview
