Tag Archives: oil production

The Afghanistan Fiasco (and Today’s High Level of Conflict) Reflect an Energy Problem

Posted on August 30, 2021 by Gail Tverberg

The way energy limits play out is not at all intuitive. Most people assume that we will run out of oil, leading to a spike in oil prices. We will then transition to renewables. As I see it, this understanding is completely wrong. Limited energy supply first leads to a need for simplification: Stepping back from Afghanistan would be one such type of simplification. It would save energy supplies and reduce the need for greater tax revenue or added debt. Continue reading →

Posted in Financial Implications | Tagged , , , | 3,463 Comments

Expect low oil prices in 2020; tendency toward recession

Posted on January 8, 2020 by Gail Tverberg

Energy Forecast for 2020 Overall, I expect that oil and other commodity prices will remain low in 2020. These low oil prices will adversely affect oil production and several other parts of the economy. As a result, a strong tendency … Continue reading →

Posted in Financial Implications | Tagged , , , , | 1,162 Comments

US 2015 Oil Production and Future Oil Prices

Posted on April 18, 2016 by Gail Tverberg

Oil production can be confusing because there are various “pieces” that may or may not be included. In this analysis, I look at oil production of the United States broadly (including crude oil, natural gas plant liquids, and biofuels), because this … Continue reading →

Posted in Financial Implications | Tagged , , , , , | 1,015 Comments

Why oil under $30 per barrel is a major problem

Posted on January 19, 2016 by Gail Tverberg

A person often reads that low oil prices–for example, $30 per barrel oil prices–will stimulate the economy, and the economy will soon bounce back. What is wrong with this story? A lot of things, as I see it: 1. Oil … Continue reading →

Posted in Financial Implications | Tagged , , , , | 2,298 Comments

Why “supply and demand” doesn’t work for oil

Posted on November 23, 2015 by Gail Tverberg

The traditional understanding of supply and demand works in some limited cases–will a manufacturer make red dresses or blue dresses? The manufacturer’s choice doesn’t make much difference to the economic system as a whole, except perhaps in the amount of … Continue reading →

Posted in Financial Implications | Tagged , , , , , | 1,389 Comments