The International Energy Agency’s prediction were already gloomy, but they are far to optimistic still, according to leading critics. It’s figures are doctored (according to insiders) and they serve the interests of consuming countries in keeping prices low.
November 15th, 2009 · 2 Comments
August 5th, 2009 · 2 Comments
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 party vetting of these, there is a lot less oil in the ground than what they claim..
August 5th, 2009 · 1 Comment
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..
June 29th, 2009 · Comments Off on Peak Oil Lite
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..
June 5th, 2009 · Comments Off on Peak oil primer
The era of cheap oil is drawing to a close. Terrific overview, this..
June 2nd, 2009 · 2 Comments
The punchline is hidden deep in this article…
June 1st, 2009 · 2 Comments
Here are a couple of people that suggest so, with figures in hand…
May 27th, 2009 · 1 Comment
They should know. They already have to pump massive amounts of water and gas in their fields to maintain the flow…
May 25th, 2009 · Comments Off on Some consequences of peak-oil
Economist call it the income and substitution effect. We think the latter will dominate though..
April 14th, 2009 · Comments Off on 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 be profitable. The result is, well, pretty unpleasant.. The article has many interesting bits on the economics of oil as well.