Peak Oil in the News

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Peak Oil News Wednesday November 22nd 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 [... ]

Oil Trades Above $60 on Alaska Pipeline Disruption, Stockpiles
(Bloomberg.com: Wed, 22 Nov) Nov. 22 (Bloomberg) - Crude oil traded above $60 a barrel in New York after jumping yesterday on concern output disruptions may limit supplies as peak U.S. winter heating demand nears.

GLOBAL MARKETS-Oil jumps; US stocks, dollar little changed
(The Forex Market: Tue, 21 Nov) NEW YORK, Nov 21 (Reuters) - Oil prices jumped to a 10-day peak and Treasuries drifted higher on Tuesday while U.S. stocks and the dollar were little changed as traders were reluctant to take new positions in a holiday-shortened week.

Oil firm above $60 after rally, eyes US stockdraw
(Reuters via Yahoo! News: Wed, 22 Nov) Oil dipped below $60 a barrel on Wednesday, as dealers took some profits from gains following an extended disruption to Alaskan crude exports and on expectations of a decline in fuel stocks in the United States.

Oil Prices Should Head Back Up
(SeekingAlpha via Yahoo! Finance: Wed, 22 Nov) Andrew Corn submits: My dark hypothesis is that oil prices may once again begin to march. Although I can present a smattering of stats to support my thesis, common sense dictates that despite the pull back last week, we are anything but in a lull when it comes to oil prices.

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.

Pipeline oil slows to pace shipping
(Anchorage Daily News: Wed, 22 Nov) The amount of oil flowing through the trans-Alaska oil pipeline has been intentionally slowed because of high winds at the marine terminal in Valdez, where oil is loaded onto tankers for shipment to West Coast refineries.

Japanese Stocks May Gain, Led by Inpex, as Oil Rises Above $60
(Bloomberg.com: Tue, 21 Nov) Nov. 22 (Bloomberg) - Japanese stocks may gain, led by commodity-related shares, after crude oil prices rose above $60 a barrel and copper and nickel gained the most in five weeks. Inpex Holdings Inc. and Sumitomo Metal Mining Co. may rise.

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