Category Archives: Oil Prices

Cheap Access to Space Brings a World that Dictators Will Hate

Posted on 29 March, 2022 by alfin2101

Look at the cost curve of SpaceX vehicles (look right): For 50 years the cost of space launch stayed above $6,000 per kg. Then along came Elon Musk and SpaceX. Within the next few years, thanks to the SpaceX Starship … Continue reading →

Posted in Elon Musk, Oil Prices, Russia, Space Future | Comments Off on Cheap Access to Space Brings a World that Dictators Will Hate

Peter Zeihan: Global Famine, Depression, War Coming

Posted on 5 March, 2022 by alfin2101

Peter Zeihan predicted Putin’s invasion of Ukraine when most analysts thought the little dictator was bluffing. Now he is predicting the aftermath. Read his books, and you can see why Zeihan and his readers may be the only ones who … Continue reading →

Posted in Coming Anarchy, Demographics, Energy, food, geopolitics, Natural Resources, Oil Prices, Peter Zeihan, Russian Collapse, Ukraine | 4 Comments

Oil: For Every Barrel Consumed, Two Are Discovered

Posted on 11 December, 2019 by alfin2101

“For every barrel of oil consumed over the past 35 years, two new barrels have been discovered.” In other words, technology has increased the available oil despite the fact that humans have been using it at an increasing rate for … Continue reading →

Posted in Energy, Oil Prices, Shale Oil & Gas Revolution | Tagged | 3 Comments

Brazil, Norway, Canada, and Guyana: A Flood of Oil

Posted on 6 November, 2019 by alfin2101

Like the shale boom, the coming supply surge is a sudden change in dynamics. Guyana currently produces no oil at all. Norwegian and Brazilian production has long been in decline. And in Canada, concerns about climate change, resistance to new … Continue reading →

Posted in Oil Prices | Tagged | 2 Comments

New Oil Discovery? Get in Line

Posted on 9 February, 2019 by alfin2101

They Keep Discovering Big New Oil Deposits! To the vast annoyance of oil hedgers and peak oil doomers, large new oil fields are being discovered from Guyana to South Africa to Iran to Scotland to Texas to the Gulf of … Continue reading →

Posted in Energy, Oil Prices, Peak Oil | Tagged | 8 Comments

Stock Markets and Oil Prices Rise in Synchrony

Posted on 4 January, 2019 by alfin2101

Stocks and Oil Rebound on the Fourth Day As of noon Eastern Standard Time, stock market indexes had risen 2 – 3 % while oil prices had risen roughly 2%, from their lower levels in late 2018 and early 2019. … Continue reading →

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US Petroleum Output Rocks Global Economic Calculus

Posted on 17 January, 2018 by alfin2101

Unleashing U.S. energy exports has the potential to upset longstanding geopolitical and economic arrangements across the world. __ US Poised to Shatter Production Records This Wasn’t Supposed to Happen According to the conventional wisdom of energy economists, US petroleum production … Continue reading →

Posted in Donald Trump, Energy, Oil Prices, Shale Oil & Gas Revolution | Tagged , | 3 Comments

Zeihan: The US Shale Patch Has Not Drilled a Dry Well in 3 Years!

Posted on 28 September, 2017 by alfin2101

No dry wells for the last 3 years and no low-productivity well for the last 2 years. The reason for this long string of good luck in the US shale oil patch — according to Austin-based geopolitical analyst Peter Zeihan … Continue reading →

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US Shale Kicks Putin, OPEC, in Teeth

Posted on 1 August, 2016 by alfin2101

If U.S. shale can withstand domestic political pressure against hydraulic fracking, and regulatory incentives promoting a shift to renewable energies, it stands to disrupt OPEC’s global oil cartel and Russia’s strong influence in Europe, and establish the United States as … Continue reading →

Posted in Energy, Oil Prices, Oil Prices Fiscal Breakeven | Tagged , | 5 Comments

Oil Price Outlook: July 2016

Posted on 21 July, 2016 by alfin2101

Where Things Stand According to the EIA, crude oil prices actually peaked in March of 2012 with Brent Light Sweet Crude (Brent) topping out at more than $125 per barrel and West Texas Intermediate (WTI) reaching nearly $110. They have … Continue reading →

Posted in Energy, Oil Prices | Tagged | 2 Comments

Oil Prices May 2016

Posted on 25 May, 2016 by alfin2101

Oil markets are never in balance. Producers always misjudge demand and either over-shoot or under-shoot with supply. Balance is simply a zero-crossing from one state of disequilibrium to the next, from surplus to deficit and back again. __ Art Berman … Continue reading →

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Beyond the Peak Oil Delusion: Two Scenarios for Oil Markets

Posted on 13 May, 2016 by alfin2101

Oil prices have declined substantially from the heady “peak oil delusion days” of the last decade. Now we are offered two separate narratives explaining why oil prices are likely to stay low: Demand depletion vs. splintered demand. The first [narrative] … Continue reading →

Posted in Crime, Energy, Oil Prices | Tagged , , , | 7 Comments

Energy Bridge: Cheap Oil & Gas for Next Few Decades

Posted on 4 May, 2016 by alfin2101

The Age of Cheap Oil & Gas Begins Scientific American: Another 40 million barrels per day of global oil production looms on the near horizon. Geopolitics will never be the same. A world of growing and geographically diversified oil supply … Continue reading →

Posted in Energy, Europe, Green Quagmire, Nuclear Power, Oil Prices | Tagged , , | 2 Comments

The Real Hunger Games

Posted on 25 April, 2016 by alfin2101

A Few Eerie Parallels Between the Fictional “Hunger Games” and the Real Meltdown of the Company Towns [Company towns] are single-industry towns with one dominant employer, usually an industrial plant or a factory that depended on state orders in Soviet … Continue reading →

Posted in Oil Prices, Russia, Russian Decline, Secession | Tagged | 4 Comments

A False Dawn for Oil Prices

Posted on 21 March, 2016 by alfin2101

http://i.cdn.turner.com/money/.element/script/7.0/players/embed.js?videoid=/video/news/economy/2016/02/25/story-behind-oils-plunge.cnnmoney Basically there is too much oil on the market, and there is dampened demand. You can’t mess with the fundamentals. __ http://uk.businessinsider.com/oil-prices-march-21-and-forecast-2016-3 Oil state dictators and despots are desperate for a new dawn in oil prices. Oil-dependent prison states … Continue reading →

Posted in Energy, Oil Prices, Oil Prices Fiscal Breakeven, Russian Decline | Tagged , | Comments Off on A False Dawn for Oil Prices

Time to Stop Worshiping the Fickle Ancient Gods of Wind and Sun

Posted on 21 January, 2016 by alfin2101

Advanced, safe, clean, affordable, reliable nuclear power is the future. Unless advanced human societies all collapse, wind and solar will always be the fickle gods of the past. Wind and solar energy are weather-dependent, variable and intermittent, i.e., therefore not … Continue reading →

Posted in Electrical Power Grid, Energy, Green Quagmire, Groupthink, Nuclear Power, Oil Prices, Sun, Technology, Wind | Tagged , , , | 7 Comments

Oil Price Rock and Roll

Posted on 30 December, 2015 by alfin2101

It’s hard to believe today that in May, 2008, Goldman Sachs analysts were forecasting that oil would reach US$200 a barrel within two years, or that the late Matt Simmons, founder of the energy investment banking firm Simmons & Co. … Continue reading →

Posted in Energy, Oil Prices, Peak Oil | Tagged | 2 Comments

Russia Has Nothing to Worry About

Posted on 10 December, 2015 by alfin2101

Russian officials are announcing that Russia has finally seen the worst of its recession, and that now the economy is set to grow again. And none too soon, because — to take auto sales as an example — things were … Continue reading →

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Weak Global Economy to Suppress Oil Prices Through 2016

Posted on 9 December, 2015 by alfin2101

Oil Production Outstrips Weak Global Demand The International Energy Agency (IEA) November report offers no hope for an oil-price recovery any time soon. Over-supply and weak demand for oil will dominate through 2016. … The IEA and EIA reports taken … Continue reading →

Posted in Asteroids, China, Energy, Fiscal Breakeven Oil Price, Oil Prices, Space Future | Tagged , | Comments Off on Weak Global Economy to Suppress Oil Prices Through 2016

Geopolitical Undercurrents Whorl About the Oil Price Vortex

Posted on 2 December, 2015 by alfin2101

Poorly constructed buildings are more vulnerable to tornadoes, hurricanes, and earthquakes, than are buildings of sounder construct. The same principle applies to economic constructs. A relative economic vacuum is accompanying the “black hole vortex” of low oil prices, causing human … Continue reading →

Posted in Energy, Oil Prices | Tagged | 3 Comments

Earth’s Oil & Gas Fields to Produce Until the Sun Blows Up?

Posted on 6 November, 2015 by alfin2101

There are several ways in which oil & gas are constantly being produced inside the Earth’s mantle and crust. The much-reviled “abiotic process” has been demonstrated in the deep ocean vents, on other planets, in deep space, and is well … Continue reading →

Posted in Energy, Oil Prices, Sun | 3 Comments

The Cutting Edge of Oil Prices?

Posted on 1 October, 2015 by alfin2101

Oil prices have never recovered to 1864 levels (in constant $US). Nevertheless, yearly – monthly – daily – hourly oil price fluctuations make a great deal of difference to various people and organisations. Sure, it matters to you when you … Continue reading →

Posted in Energy, Fiscal Breakeven Oil Price, Human Slavery, Human Trafficking, Oil Prices, Russian Womb Drain | Tagged , , , | Comments Off on The Cutting Edge of Oil Prices?

Will China Join Russia in the Soup Line?

Posted on 28 July, 2015 by alfin2101

Russia has fallen into full-blown depression and faces a mounting fiscal crisis as oil and gas revenues plummet. … Russia is already in dire straits. The economy has contracted by 4.9pc over the past year and the downturn is certain … Continue reading →

Posted in China, Oil Prices, Russia | Tagged | 2 Comments

Where Will Oil Prices Go Now?

Posted on 6 February, 2015 by alfin2101

Reuters says oil is poised for the biggest weekly price gain in 4 years. But according to Citigroup, we have not seen the bottom of the price drop yet. Depending upon the expert prediction, oil is headed anywhere between $30 … Continue reading →

Posted in Economics, Energy, Oil Prices | Tagged , | 2 Comments

Oil Prices: Everything You Think You Know Just Ain’t So

Posted on 19 December, 2014 by alfin2101

In July 2008, my Journal colleague Neil King asked a wide range of energy journalists, economists and other experts to anonymously predict what the price of oil would be at the end of the year. The nearly two dozen responses … Continue reading →

Posted in Energy, Oil Prices, Peak Oil | Tagged | 2 Comments