Some consequences of peak-oil
Economist call it the income and substitution effect. We think the latter will dominate though..
Oil prises set to rise further
The Economist is not known as a natrual oil bull, so are they’re changing their mind?
New oil supplies need much higher prices to be profitable
All the major existing oilfields are in decline (or soon are to be in decline), sometimes even steep decline. New oil is largely unconventional and needs much higher prices to […]
The coming oil shock
You could have read many of the same arguments here the last couple of months, so it’s a nice summary. Those decline rates in the big oilfields are quite scary, […]
Peak-oil is here part 3
Continued from part II..
Peak-Oil is here part 2
And the consequences are not hard to predict..
Peak-oil is here I
Although we do not agree with the author’s argument that the Obama government is doing nothing about a looming energy crisis, his main thesis, that such an energy crisis is […]