Category Archives: News Related Post

Why oil prices are so high: Production shortfall, Iran concerns, and low interest rates

Posted on February 26, 2012 by Gail Tverberg

Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: “Stalled out” growth in world oil supply Concerns about Iran Artificially low interest rates Stalled Out Oil Supply Leads to Five Million … Continue reading →

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Three Major Journals Publish Articles on Limited World Oil Supply

Posted on February 12, 2012 by Gail Tverberg

In the past month, three major peer-reviewed journals have published articles relating to limited world oil supply: In Science, Technology is Turning U. S. Oil Around But Not the World’s, by Richard A. Kerr; In Nature, Climate Policy: Oil’s Tipping Point … Continue reading →

Posted in Financial Implications, News Related Post, Published Articles | Tagged , , , , , , , , | 77 Comments

Businessweek Gets it Wrong—Everything You Know About Peak Oil is ‘Not’ Wrong

Posted on February 6, 2012 by Gail Tverberg

On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, “Everything You Know About Peak Oil Is Wrong”. This editorial reflects several common misunderstandings. According to Kenny: Titled Limits to Growth, their report suggested the world was heading … Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , , , , , , , , , | 139 Comments

OPEC says, ‘Don’t Count on Us’ for More Oil Supply

Posted on December 14, 2011 by Gail Tverberg

The results of OPEC’s latest meeting to set oil production quotas were announced this morning. Instead of production targets for individual countries, a group production ceiling of 30 million barrels a day was set. This amount is a bit less … Continue reading →

Posted in News Related Post, Oil and Its Future | Tagged , , | 26 Comments

Pipeline changes to fix WTI/Brent spread are likely to add new problems

Posted on November 21, 2011 by Gail Tverberg

For many years, Brent oil (a European grade) and West Texas Intermediate (WTI) oil, a US grade, sold at close to the same price. Starting in January 2011, WTI price dropped below Brent, at times by more than 20%. When … Continue reading →

Posted in Energy policy, News Related Post | Tagged , , , | 14 Comments