Posts Tagged ‘ Peak Oil ’

An Update on Peak Oil from ASPO

Oct 20th, 2009 | By | Category: Featured, Oil
Marcio Mello, the former explorationist from Petrobras (PBR: NYSE) and now independent petroleum consultant, electrified the Denver meeting of the Association for the Study of Peak Oil & Gas (ASPO). In a riveting talk that lasted well over an hour, Marcio detailed the immense petroleum potential of offshore Brazil, as well ...read more


Washington Capitulates: Peak Oil Is Real

Aug 31st, 2009 | By | Category: Featured, Oil
Each year, generally in May, the Energy Information Administration publishes a less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables. No one reads it. The mainstream media ignore it. It’s the product of the best prognosticators in the Department of Energy. Okay, that may be ...read more


The Bottom for Credit Thanks to Peak Oil

May 8th, 2009 | By | Category: Energy, Featured, Macro Economics, Oil
Euphoria managed to out-run swine flu last week as the epidemic-du-jour, with "consumer" confidence jumping and the big bank stocks nudging up. The H1N1 virus fizzled for now, at least in terms of kill ratio, though we're warned it might boomerang in the fall with a vengeance. No one was ...read more


Reduced Standards of Living

Mar 31st, 2009 | By | Category: Featured, Macro Economics, Oil
Mr. Obama heads to Europe now where official hostility is rising against the Anglo-American method of pounding monetary sand down the rat-holes of “non-performing” debt, bankrupt enterprise, and bubble-levitated bonds. Our poised and charming Prez may escape personal obloquy from the quaint old-world street folk, but most of the other ...read more


A Response to Criticism of a “Net-Positive” Gas Tax

Mar 30th, 2009 | By | Category: Energy, Featured, Macro Economics, Oil
The arguments made against the proposed “net-positive” gas tax deserve a response, because they dismiss the tax’s raison d'être and they suffer from flawed reasoning.  Here is my response: The chief criticism is that the government should not be entrusted with any additional power to tax, for all the usual reasons.  ...read more


Peak Oil, Credit and the Collapse of Complex Systems: What Next?

Mar 3rd, 2009 | By | Category: Featured, Macro Economics, Oil
What next? Isn't that a question, though...       The Peak Oil story was never about running out of oil. It was about the collapse of complex systems in a world economy faced by the prospect of no further oil-fueled growth. It was something of a shock to many that the first complex ...read more


The Swift and Violent Rise of Oil

Jan 26th, 2009 | By | Category: Featured, Oil
Why are oil prices lying? Prices communicate information. The NYMEX February oil contract fell over 5% today in New York trading to $34.40. This suggests oil is falling in value, at least in the short term. And maybe that's not totally a lie. After all, the current oil price results from two ...read more


Oil And Resources: Change You Won’t Believe

Dec 19th, 2008 | By | Category: Featured, Macro Economics, Oil
The peak oil story has not been nullified by the scramble to unload every asset for cash -- including whomping gobs of oil contracts -- during this desperate season of bank liquidation. The main implication of the peak oil story is that we won't be able to generate the kind ...read more


Does Obama Understand Oil Scarcity?

Dec 4th, 2008 | By | Category: Featured, Gold, Oil, Politics
A lot of readers are twanging on me for refraining to castigate President-elect Obama for deeds yet undone. They're discouraged by the advisors and cabinet secretaries he's picked, ostensibly because the crew coming in are Washington "insiders," meaning they can't possibly see or do things differently. My own starting point for ...read more


Oil Speculation

Aug 4th, 2008 | By | Category: Oil
The price of almost everything on the planet has been rising. And so has the inevitable talk of a commodities bubble and price manipulation. The discussion has become front and center in global markets around the world as economies reel under the heavy weight of soaring prices. It’s simple for a ...read more