How much oil do Opec countries really have?
There are incentives for OPEC countries to lie about their production and reserves. Combined with some strange figures published by OPEC countries, and the fact that there isn’t any third […]
There are incentives for OPEC countries to lie about their production and reserves. Combined with some strange figures published by OPEC countries, and the fact that there isn’t any third […]
Now even the International Energy Agency (IAE) is on the peak-oil side, putting it a decade earlier at 2020, but problems will start much sooner than that..
Interesting, this. Oil supply doesn’t have to peak (the original peak-oil thesis) for prices to move higher. As long as demand grows faster than supply, much the same happens..
The era of cheap oil is drawing to a close. Terrific overview, this..
Now here are a few (actually, quite a bit more) interesting point to ponder over. For instance, what is more realistic to cash strapped US consumers: buying an expensive new […]
The punchline is hidden deep in this article…
Here are a couple of people that suggest so, with figures in hand…
Oil is getting stronger and stronger (and speaking of it, they just recovered oil for the third time at InterOIL), let’s see whether that spills over into the sector..
They should know. They already have to pump massive amounts of water and gas in their fields to maintain the flow…
Oilfields decline on average at 6.7% a year (according to the IEA), the trillion dollar of investment needed just to replace that is not materializing…