Tag Archives: Oil Glut

Gods of the Apocalypse Fade, as True Believers Slip Away

The late 20th century was a mother lode for prophets of the apocalypse. Of all the apocalyptic faiths of the 1980s and 1990s, none was more strongly held than the one true faith in Peak Oil Armageddon. And why not? … Continue reading

Posted in Energy, Peak Oil | Tagged , | 3 Comments

Oil Prices May 2016

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

Posted in Oil Prices | Tagged ,

Why Was Al Fin Predicting an “Oil Glut” in 2006 At the Height of Peak Oil Hysteria?

Global Hydrocarbon Endowment In 2015, at a time of a relative oversupply of and underdemand for oil, it is easy for oil journalists to write about an “oil glut,” as if they had invented the concept. But in the years … Continue reading

Posted in Energy, Peak Oil | Tagged , ,