Category Archives: Oil and Its Future

Saudi Arabia – Headed for a Downfall?

Posted on December 5, 2011 by Gail Tverberg

Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point, the country claims to have capacity of 12 million barrels a day. What … Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , | 30 Comments

2012: Reaching “Limits to Growth”?

Posted on October 24, 2011 by Gail Tverberg

It looks to me as though 2012 is likely to be a truly awful financial year, with several crises converging: Either very high oil prices or recession, The US governmental debt limit crisis, The Euro crisis, The Chinese debt problem, … Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , , | 74 Comments

Kidding ourselves about future MENA oil production

Posted on October 19, 2011 by Gail Tverberg

Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying, In the next 10 years, more than 90% of the growth in global oil production needs to come from MENA [Middle East and North African] countries. There … Continue reading →

Posted in Food issues, News Related Post, Oil and Its Future | Tagged , , , , , , | 57 Comments

New Dept. of Energy Priority-Setting Analysis Seriously Flawed

Posted on October 3, 2011 by Gail Tverberg

The US Department of Energy (DOE) recently issued a report called Report on the first Quadrennial Technology Review (QTR), which has as its purpose helping the DOE choose among conflicting priorities. The new report sets priories based on a distorted view … Continue reading →

Posted in Energy policy, Oil and Its Future | Tagged | 37 Comments

Is Yergin Correct about Oil Supply? (an Opinion the WSJ did not run)

Posted on September 29, 2011 by Gail Tverberg

On Monday after the WSJ ran Daniel Yergin’s essay, There Will Be Oil, I submitted this rebuttal.  They ask to have the exclusive right to any submission for 10 days. At this point, they have neither printed it nor responded … Continue reading →

Posted in Oil and Its Future | Tagged , | 43 Comments