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Drumbeat: December 24, 2009
14 hours ago ago from The Oil Drum - Discussions about Energy and Our Future
Pockets of Promise in Natural Gas and Oil TER: Given what you just said, you are a contrarian to the peak oil pundits? PS: Absolutely. Peak oil is an economic impossibility and so it kind of makes me chuckle. It's the kind of story told to get people to pay way too much for oil resources, as they've been doing over the last decade. For example, Chesapeake Energy Corp. paid way too much for its natural gas resources precisely because its CEO ...
Related contentThe Partys Over Oil War and the Fate of Industrial Societies
11 hours ago ago from Real Estate Financing Blog
The Partys Over Oil War and the Fate of Industrial Societies The world is about to run out of cheap oil and change dramatically. Within the next few years, global production will peak. Thereafter, even if industrial societies begin to switch to alternative energy sources, they will have less net energy each year to do all the work essential to the survival of complex societies. We are entering a new era, as different from the ...
Related contentThe Holiday Season Is Good For Oil Stocks
4 hours ago ago from Daily Markets
If 2010 follows the pattern of the past 15 years, we are approaching the start of a seasonal climb in the price of crude oil that could present a good investment opportunity in energy-related stocks. Oil is down from its 2009 peak of $81 per barrel seen in October, but we remain constructive on energy stocks given the improving economy and positive seasonal factors heading into the New Year. As the 15-year chart above illustrates, ...
Related contentThe Fat Lady Sings (on and on but...)
3 hours ago ago from Peak Oil Community
World oil can go into decline years before there's anything definitive about having reached Peak Oil. Case in point--1979 looks like this when using US DOE EIA data : If that chart was of 2008 not 1979 being followed by five years of world oil production declining year on year there would be a hoard of people convinced Peak Oil was past and industrial civilization was over.
Related contentRelated News
North Dakota oil patch posts record production
12 hours ago ago from U.S. News
North Dakota oil patch posts record production BISMARCK, N.D. (AP) -- North Dakota's oil patch will set a production record in 2009, despite a year that began with depressed crude prices and a drop in drilling activity, state and industry officials said. North Dakota will produce about 80 million barrels of oil in 2009, up from a record 62.8 million barrels last year, said Lynn Helms, director of the state Department of Mineral Resources. ...
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