Is the world drowning in oil?
In March 1999 the cover of The Economist carried the bold headline “Drowning in Oil.” In December 1998 the price of Brent … Keep Reading
The Fracking Year 2015
On New Year’s Eve, the players in the fracking industry popped their champagne corks, but it was not to celebrate wonderful success … Keep Reading
Closing the fracking valve
Since last autumn there has been an overproduction of oil in the USA compared to what the market, OPEC, and Saudi Arabia … Keep Reading
The crash in the price of oil may change the oil market
A look at the IEA’s “Oil Medium-Term Market Report 2015” On Tuesday 10 February at 13:00 GMT the IEA released its “Oil … Keep Reading
200 billion barrels of new oil production is needed by 2030
This 21 November the world’s oil analysts are attempting to guess what OPEC will decide at its meeting in Vienna on 27 … Keep Reading
Peak Oil is still our future’s reality
(This is the final reply in the discussion on “The falling oil price may presage a future recession.”) In reply to my … Keep Reading
The falling oil price may presage a future recession
Since July the price of Brent crude oil has fallen from $113 per barrel to $85.62 (on October 14). Historically we saw … Keep Reading
Russia (Rosneft) and the USA (ExxonMobil) strike oil in Arctic well
The news is spreading around the world that Rosneft and ExxonMobil have been successful in their joint effort to find oil in … Keep Reading
Aging oil fields can turn the Arabian Peninsula into a powder keg
If one studies the world’s oil resources and oil production, then the Arabian Peninsula is of central interest. The remaining monarchies of … Keep Reading
OPEC’s 165th meeting: “Everybody is happy”
On 11 June OPEC held its 165th meeting in Vienna, and the organization’s 12 members decided to maintain its production volume of … Keep Reading