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Daniel Yergin and Peak Oil - Prophet or Mere Historian?
On 17 September The Wall Street Journal published a fascinating article on “peak oil,” “There Will Be Oil,” written by Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, an energy research and consulting firm and deserved recipient of Pulitzer Prize for his 1991 book, The Prize: The Epic Quest for Oil, Money and Power.
“The era of cheap oil is over and will never come back… Conventional oil peaked in 2006,” - Fatih Birol, International Energy Agency Chief Economist, 25 May 2011
There is perhaps no more divisive issue in the world energy markets than the concept of “peak oil,” which has ignited vociferous debate on both sides of the issue.
(HK, BHP, BP, CVX, XOM, EXXI, BEXP, WTI)SIR #24: Oil & Gas Stocks With Explosive Potential
There is an open secret in the oil industry that dare not speak its name: peak oil.
Well, two did speak its name and gained no acclaim for it. One, M. King Hubbert, died years ago. The other and the most controversial, Matthew Simmons, died at his Maine summer home Aug. 8.
The peak oil idea is simple: Oil is a finite commodity, and one day we are going to use up all of it.
Oxford study sparks new round of ‘peak oil’ debate
The U.S. No Longer Controls the Price of Oil in a Peak Oil World
Back in the days when US oil demand controlled the price of oil, a massive recession in the United States would have sent oil to 12.00 dollars a barrel. That era, which ended last decade, was defined by ongoing spare capacity in OPEC, low-cost oil in Non-OPEC, and nascent demand for oil in the developing world. That was then, and this is now.
Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From
If I may, I would like to rebut or add a little objectivity to the flood of “Peak Oil” articles circulating around. When I see another crisis looming in the balance, and dramatized articles that warn of the “Dangers of Peak Oil,” I must question the validity or how this will effect the world, the USA, and you and I personally, and if indeed a crisis is at hand.
There Will be No Economic Recovery as the Era of Cheap Oil Comes to an End
When oil crossed $120 a barrel for the first time in May 2008, oil cornucopians knew they were in trouble. Prices had quadrupled in just five years, yet had failed to bring new production online. Regular crude had flatlined around 74 million barrels per day (mbpd). The case for peak oil was looking stronger with every new uptick in crude futures.