Peak Oil in the News

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Peak Oil News Friday December 1st 2006

Peak Oil Passnotes: We Were on the Money
(Resource Investor: Fri, 01 Dec) If you have been following this column you will be 'quids in' as they say in the U.K. Just do not expect oil to hit $78 again this year.

Oil reaches two-month peak after Opec curbs
(Gulf Daily News: Fri, 01 Dec) LONDON: World oil prices rose to their highest levels for more than two months yesterday, following falls to US energy stocks and evidence that Opec has executed a promised cut in output, analysts said.

Oil strikes 2-month peak
(News 24 South Africa: Thu, 30 Nov) Oil prices have risen to their highest levels for more than 2 months following falls to US energy stocks and evidence that Opec has executed a promised cut in output.

Chris Rall: Where's the peak oil pedal power? - Nov. 28, 2006
(Arcata Eye: Thu, 30 Nov) When I arrived at the Bayside Grange for the 250-Mile Potluck a couple Wednesdays ago, I found fewer than 10 bikes outside, and more than 40 cars.

Oil Prices Rise After Data Show Drop In Crude Inventory
(Nasdaq: Wed, 29 Nov) (RTTNews) - Oil prices jumped sharply higher on Wednesday, after government statistics showed a decline in petroleum inventories. The advance took crude to a level just below $62.50 per barrel, setting a 2-month peak.

Oil eases after 2-month highs, Saudi supports
(The Globe and Mail: Fri, 01 Dec) LONDON (Reuters) - Oil fell below $63 a barrel on Friday as investors booked profits after prices hit a two-month high the previous session. But losses were limited after Saudi Arabia's oil minister said more production needed to be removed from the market because of high U.S. fuel stocks.

Oil rises to two-month high near $63
(Reuters via Yahoo! News: Thu, 30 Nov) Oil climbed to a two-month high near $63 on Thursday, building on the previous session's gains after an unexpected drop in U.S. winter fuel stocks and signs of solid economic growth in the world's top consumer.

Oil falls below $63 on profit-taking
(The Globe and Mail: Fri, 01 Dec) LONDON (Reuters) - Oil fell below $63 a barrel on Friday as investors booked profits after prices hit a two-month high in the previous session. U.S. crude had fallen 73 cents to $62.39 a barrel by 1200 GMT. Brent crude was off 66 cents at $63.60.

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