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Peak Oil will be $150-200/barrel in next 5 years - Arup
3 hours ago ago from ICIS Chemicals Confidential
Oil will peak at $150-200/barrel in the next five years, said John Miles, global leader for energy resources and industry at consulting engineers Arup, on BBC Radio 4's Today programme this morning. Representing the findings of a group of business leaders calling for urgent action to prepare the UK for peak oil, he claimed that demand from the developing world would drive crude oil prices to these levels, and that supply would be ...
Related contentEndless Oil (by OilPrice)
13 hours ago ago from Slope Of Hope with Tim Knight
”Endless Oil” is the title of a piece in Business Week (Jan, 18, 2010). Its author is Stanley Reed, and it was interesting for me because I remember when Business Week would not have published a tissue of nonsense like that article, and perhaps even more important, I was surprised when I saw the names of some of the persons whose opinions were cited. Russian oil output is probably close to peaking, and in any event the director of one of ...
Related contentPeak (Sperm Whale) Oil
2 hours ago ago from Plan B Economics
There is, and always has been, a compelling case against Peak Oil theories. Both sides of the story must be understood if one is to obtain a true picture of the state of the world's energy supply. Worries over peaking energy sources began long ago The oil in question in the 1850s was not today’s black gold but the sperm whale’s, which had fuelled the world for more than a century. At a time when whale oil was running threateningly low ...
Related contentExxon Scramble In Ghana Shows Resource Access Still Uphill Battle
4 hours ago ago from Reporting Oil and Gas
HOUSTON -(Dow Jones)- Exxon Mobil Corp.'s (XOM) bid to pad its crude reserves by tapping Africa's hottest new oil province is running into a familiar stumbling block: resource nationalism. Ghana's government has threatened to stop the U.S. oil giant's offer to buy a $4 billion stake in the giant Jubilee field from Dallas-based Kosmos Energy LLC. The move underscores how international oil companies no longer make the rules when it ...
Related contentPeak Oil.
5 hours ago ago from The Stan Party
Sir Richard Branson and fellow leading businessmen will warn ministers this week that the world is running out of oil and faces an oil crunch within five years. The founder of the Virgin group, whose rail, airline and travel companies are sensitive to energy prices, will say that the coming crisis could be even more serious than the credit crunch. "The next five years will see us face another crunch – the oil crunch. This time, we do ...
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Exxon Scramble In Ghana Shows Resource Access Still Uphill Battle - FOXBusiness.com
16 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Energy Tuesday, February 09, 2010 Exxon Scramble In Ghana Shows Resource Access Still Uphill Battle  By Isabel Ordonez Dow Jones Newswires  ...
Related contentOil advances on Europe debt talk
1 hour, 24 minutes ago ago from CNN Money
Oil advances on Europe debt talk By Hibah Yousuf, staff reporter February 10, 2010: 7:55 AM ET NEW YORK (CNNMoney.com) -- Oil prices rose for a third consecutive session Wednesday amid optimism that a rescue plan for Greece and other debt-challenged European nations may be near. What prices are doing: Crude oil for March delivery rose 12 cents, or 0.2%, to $73.87 a barrel, extending Tuesday's 3% gain to $73.75 a barrel. ...
Related contentOil rises 3% on weaker dollar
17 hours ago ago from CNN Money
Oil rises 3% on weaker dollar By Hibah Yousuf, staff reporter February 9, 2010: 3:25 PM ET NEW YORK (CNNMoney.com) -- Oil prices extended gains Tuesday as the dollar weakened against the euro after concerns over Europe's debt crisis eased. What prices are doing: Crude oil for April delivery rose $2.56, or 2.6%, to $73.75 a barrel. After falling nearly 8% over three consecutive sessions, crude prices rose 1% Monday to settle at $71.89. ...
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