Peak Oil in the News

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Peak Oil News Friday November 24th 2006

Peak oil output said to be decades away
(San Jose Mercury News: Fri, 24 Nov) Far from being a nearly exhausted resource, the world's oil reserves are three times bigger than what some popular estimates state, and peak global oil production is still about a quarter-century away, according to a new study by Pulitzer Prize-winning oil historian Daniel Yergin.

Peak Oil Passnotes: Where Is the Money?
(Resource Investor: Fri, 24 Nov) The crude oil market has been range-bound for nearly two months, stuck between $61 and $55 - unable to make any decisive movement. It is good for consumer planning but who cares about them?

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.

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

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 lower after surprise supply gain
(CNN Money: Thu, 23 Nov) Wednesday's news of a well supplied U.S. market keeps oil prices steady. LONDON (Reuters) - Oil prices eased Thursday after crude inventories piled up and weighed on already well-supplied markets.

Moody's says CPIX to peak going into 2007
(Mail and Guardian: Fri, 24 Nov) Moody's Economy.com expects South Africa's CPIX inflation to peak in the closing months of the year and to linger at the upper end of the central bank's 3% to 6% target range going into 2007, before moderating steadily.

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