Tag Archives: oil investment

Beginning of the End? Oil Companies Cut Back on Spending

Posted on February 25, 2014 by Gail Tverberg

Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to … Continue reading →

Posted in News Related Post | Tagged , , , | 547 Comments

The Real Oil Extraction Limit, and How It Affects the Downslope

Posted on December 18, 2013 by Gail Tverberg

There is a lot of confusion about which limit we are reaching with respect to oil supply. There seems to be a huge amount of “reserves,” and oil production seems to be increasing right now, so people can’t imagine that … Continue reading →

Posted in Financial Implications | Tagged , , , , , , | 347 Comments