Peak Oil in the News

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Peak Oil News Thursday November 23rd 2006

Oil falls after big rise in U.S. crude stocks
(Reuters via Yahoo! News: Wed, 22 Nov) Oil fell more than 2 percent on Wednesday after weekly U.S. inventory data showed a much bigger than expected rise in crude stockpiles heading into peak winter demand.

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 eases after surprise U.S. crude stocks jump
(Reuters via Yahoo! News: Thu, 23 Nov) Oil eased on Thursday after crude stocks piled up in top consumer the United States and weighed on already well-supplied markets.

Oil edges lower
(CNN Money: Thu, 23 Nov) Wednesday's news of a well supplied U.S. market pushes oil below $59 a barrel.

Oil eases after U.S. crude stocks build
(Reuters via Yahoo! News: Thu, 23 Nov) Oil eased on Thursday after crude stocks piled up in top consumer the United States and weighed heavy on amply-supplied markets.

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.

Oil steady after slide on big US crude stockbuild
(Reuters via Yahoo! News: Thu, 23 Nov) Oil prices were steady on Thursday after shedding gains made earlier in the week following a massive build in crude stocks in the United States.

UPDATE 6-Oil falls after big rise in US crude stocks
(The Forex Market: Wed, 22 Nov) NEW YORK, Nov 22 (Reuters) - Oil fell on Wednesday after a weekly U.S. government report showed a surprising rise in crude stockpiles heading into peak winter demand.

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