Enjoy it while it lasts When oil prices went from where ever they were to $100 and above, everybody said oil is expensive. Consumers and oil importers complained when it hit $115 in July 2014. Gradually, however, everyone got used to $100+ oil. In the past couple of months, oil prices have plunged, hitting low… Keep reading →
“The nation that harnesses the power of clean, renewable energy will be the nation that leads the 21st century”… President Obama, 2010 By 2050 fusion will be the source of most of the world’s energy. This is not wishful thinking, it is simply a way of stating that all other forms of energy that… Keep reading →
The idea that global oil production was nearing its peak, only to plateau and then decline was a common view in the energy world for many years. The geophysicist M. King Hubbert predicted in the 1950’s that US oil production would peak in the 1970’s, a forecast that held true until technology allowed companies to… Keep reading →
Only Saudis & Russians pump more oil According to the International Energy Agency (IEA), US will surpass Russia in total production of liquid fuels in 3rd Qtr. 2013 – that includes crude oil plus biofuels like ethanol. Moreover, US is now the third largest crude oil producer behind Saudi Arabia and barely trailing Russia. Saudi… Keep reading →
By: John W. Schoen | CNBC.com Economics Reporter Corporate leaders give themselves a lousy grade on their efforts to develop sustainable supplies of natural resources strained by a growing global population and a rapidly expanding middle class of consumers. With demand for everything from food and water to rare earth minerals expected to continue to… Keep reading →
In 1956, a little-known geologist named Marion King Hubbert published a paper predicting that oil supplies were destined to reach a peak as the cheap and easy to tap reservoirs were depleted over time. He predicted that US oil production would peak somewhere between the late 1960s to early 1970s. Others, including oil financier Mathew… Keep reading →
Norway’s colossal sovereign wealth fund – reportedly the world’s largest at $750 billion – is known as the ‘oil fund’ as it was created largely from the country’s prudent oil and gas resource revenue management. Less than 1% of the fund is currently invested in real estate, but that’s quickly changing. The fund managers are… Keep reading →
“Peak oil” is a term that’s been bandied about for decades, but almost always in reference to supply, not demand. The Economist is calling oil “yesterday’s fuel”. “The world’s thirst for oil could be nearing a peak. That is bad news for producers, excellent for everyone else.” [Economist] There’s a nice (and very thorough) piece… Keep reading →
If the sky isn’t falling when it comes to energy availability, what does that mean for your portfolio?
After years of forecasts – part of a long tradition – that oil supplies were close to running out with the potential for immense supply shocks for the global economy, Wall Street analysts are beginning to build a new consensus around the potential for an unexpected and still-emerging demand-side shock. Keep reading →
