Filed under: Uncategorized | Tags: Baker Hughes, drilling rigs, Early Warning, energy, fracking, gas production, Natural gas, oil production, Staniford
via Stuart Staniford’s Early Warning:
http://earlywarn.blogspot.com/2012/03/us-rig-count-trends.html
Filed under: Uncategorized | Tags: Ali Naimi, energy, James Hamilton, oil consumption, oil demand, oil production, peak oil
“There is no rational reason for high oil prices,” writes Ali Naimi, Saudi Arabian Minister of Petroleum and Mineral Resources, in today’s Financial Times. Well, I can think of one– if oil prices were lower, the world would want to consume more than is currently being produced.
via Econbrowser: A rational reason for high oil prices.