Peak Oil in the News

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Peak Oil News Monday November 20th 2006

CERA Reports: Peak Oil Theory Based on Faulty Analysis
(SeekingAlpha via Yahoo! Finance: Mon, 20 Nov) Paul Kedrosky submits: There is a useful new Cambridge Energy Research Associates, Inc. [CERA ] report out strongly critical of peak oil theory. Instead, the report's authors argue, technology advances mean we are set to see a near-doubling in oil supply by mid-century, and then an "undulating plateau", before decline begins toward the end of [... ]

Peak-oil debate crackles anew
(Houston Chronicle: Sat, 18 Nov) The world's oil resources won't last forever, but production should increase for at least another quarter-century thanks to technology and unconventional sources that "peak oil" theorists often discount, analysts with Cambridge Energy Research Associates said Tuesday.

Report Blasts "Peak Oil" Theory
(Slashdot: Sat, 18 Nov) Rei writes "Today, the Cambridge Energy Research Associates released a report dismissing the Peak Oil theory, suggesting that world oil production will continue to increase for the next 24 years, and then only level into a plateau. The report, which suggests that world reserves are enough to last 122 years at our current rate of consumption, also blasts Peak Oil theorists for repeatedly making

David Roberts: Peak Oil is Simple
(HuffingtonPost: Fri, 17 Nov) grist.org Cambridge Energy Research Associates (CERA) recently released a report called Why the "Peak Oil" Theory Falls Down - Myths, Legends and the Future of Oil Resources . It's getting a lot of attention , and has produced much consternation in the peakoilosphere. The definitive response, as usual, is on The Oil Drum . I must say, the more I read about peak oil, the less

Why Being An Oil Bull Continues To Make Sense
(SeekingAlpha via Yahoo! Finance: Mon, 20 Nov) William Trent submits: When we last visited the oil patch, we found the arguments against higher oil prices lacking. It remains our view that demand for oil is rising at a faster pace than supplies of oil, and that the imbalance will be solved through the price mechanism.

Analysts dispute theories of oil production drop
(Houston Chronicle: Sat, 18 Nov) The world's oil resources won't last forever, but production should increase for at least another quarter-century thanks to technological innovations that so-called "peak oil" theorists discount, analysts with the Cambridge Energy Research Associates said Tuesday.

Peak Oil - Investor Strategies for Energy Transition Part 2
(Energy Pulse: Sat, 18 Nov) Concerning oil, we can note that oil depletion, forcing a rapid increase in extreme depth offshore oil, increased land condensates production, increased syncrude and tertiary solvents-based extraction, has led to "The Lighter Barrel', now averaging about 1165 litres-per-ton, compared with under 1100 l/ton in the 1970s and early 1980s.

Enbridge and Hatch Invest in N-Solv to Construct New Oil Sands Technology Pilot Plant
(Market Wire via Yahoo! Finance: Mon, 20 Nov) Enbridge Inc. and Hatch Ltd. announced today that they have become minority equity owners in N-Solv Corporation, and proceeds from the investment will be used to develop an N-Solv pilot plant in the Alberta oil sands region.

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