Section » Peak Oil Review
Briefs
(clips from recent Peak Oil News dailies are indicated by date and item #) Kuwait’s oil minister said the emirate’s production capacity of 3 million b/d was sustainable without the help of international oil companies, but conceded that foreign expertise would be needed to develop heavy oil fields in the north. (6/27, #4) The five leading sources
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Production and Prices
Crude prices gyrated within a dollar or two of $70 a barrel last week as weaker equity prices and sluggish economies trumped unrest in lran and damaging insurgent attacks in Nigeria. There seems to be a growing sentiment that hints of an economic recovery someday have already been priced into the oil
In the Congress
By a narrow vote of 219 to 212 the 1200-page Waxman-Markey climate change legislation passed through the House of Representatives on a largely party-line vote. Only eight Republicans voted for the bill while 44 conservative, mostly rural Democrats voted against it. The bill reaches into nearly every
Review June 29, 2009
1. Production and Prices Crude prices gyrated within a dollar or two of $70 a barrel last week as weaker equity prices and sluggish economies trumped unrest in lran and damaging insurgent attacks in Nigeria. There seems to be a growing sentiment that hints of an economic recovery someday have already
Energy Fact of the Week
In 2000, Saudi Aramco had just one offshore drilling rig active. By early 2009, the Saudi offshore drilling fleet, either owned or contracted, reached a high of 29. (6/24, #15)
Quote of the Week
“Asking why oil companies are interested in Iraq is like asking why robbers rob banks: because that’s where the money is. You can’t choose where the resources are. The risks are substantial, but everybody has to play by the same risks.” – Larry Goldstein, director of special projects,
Production and Prices
Oil prices hovered around $71 a barrel last week with most movement linked to the climbing or falling dollar. The usual concerns about inflation and hopes for an economic recovery were the major factors in last week’s moves. Even a week of widespread rioting in Iran and three new production-cutting
Review June 22, 2009
1. Production and Prices Oil prices hovered around $71 a barrel last week with most movement linked to the climbing or falling dollar. The usual concerns about inflation and hopes for an economic recovery were the major factors in last week’s moves. Even a week of widespread rioting in Iran and three
Commentary: Interview with Charlie Maxwell (Part 1 of 2)
We caught up with Charlie Maxwell, the life-long oil industry analyst viewed by Barrons’ magazine as their energy guru, and asked him for a few minutes of his time. He shared that and much more with Steve Andrews. ASPO: Over the last 12 months, what has surprised you the most about the oil roller
Iraq
In the last few months, Iraqi oil exports have been hitting post-invasion highs as oil has begun flowing from northern oil fields to the export terminal in Turkey. However, the next few weeks are likely to mark a turning point for Iraqi oil production as US forces pull out of Iraqi cities and service
