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Tag Archives: oil glut
Our Latest Oil Predicament
It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to the falling oil prices and refilling storage tanks scenario. US crude oil … Continue reading
Posted in Financial Implications
Tagged oil demand, oil glut, oil prices, oil storage, recycling
2,023 Comments
An Updated Version of the “Peak Oil” Story
The Peak Oil story got some things right. Back in 1998, Colin Campbell and Jean Laherrère wrote an article published in Scientific American called, “The End of Cheap Oil.” In it they said: Our analysis of the discovery and production of oil … Continue reading
Posted in Financial Implications
Tagged Conventional oil, oil glut, peak oil, recession, resource limits, unconventional oil
1,968 Comments
The oil glut and low prices reflect an affordability problem
For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in supply will … Continue reading
Posted in Financial Implications
Tagged affordability, low oil prices, oil glut, oil supply
602 Comments
