Tag Archives: Saudi Arabia

Oil Price Slide – No Good Way Out

Posted on November 5, 2014 by Gail Tverberg

The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing, regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or … Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , , , , | 942 Comments

Eight Pieces of Our Oil Price Predicament

Posted on October 22, 2014 by Gail Tverberg

A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total producers would provide enough–but not too much–oil for … Continue reading →

Posted in Financial Implications | Tagged , , , , | 791 Comments

Our Investment Sinkhole Problem

Posted on February 8, 2013 by Gail Tverberg

We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way. In Figure 1, we see that for several groupings, the increase (or decrease) in oil consumption … Continue reading →

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What the new 2011 EIA oil supply data shows

Posted on April 9, 2012 by Gail Tverberg

The US Energy Information Administration (EIA) recently released full-year 2011 world oil production data. In this post, I would like show some graphs of recent data, and provide some views as to where this leads with respect to future production. … Continue reading →

Posted in Oil and Its Future | Tagged , , , , , , , | 78 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