Peak Oil in the News

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Peak Oil News Sunday November 26th 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?

India China will jointly explore and acquire oil and gas assets in Africa and Latin America
(India Daily: Sun, 26 Nov) Energy-hungry India and China, often fierce rivals in the race for global oil and gas supplies, have agreed to form a joint venture company for acquisition of hydrocarbon assets in Africa and Latin America.

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.

High winds force cuts in oil flow from Alaska
(Daily Bulletin: Sat, 25 Nov) ANCHORAGE, Alaska - The amount of oil flowing through the trans-Alaska pipeline has been intentionally reduced because of high winds at the marine terminal in Valdez, where oil is loaded onto tankers for shipment to West Coast refineries.

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.

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