Industrialized Cyclist Notepad


Oil price predictions: EIA sees 2012 average slightly higher
December 22, 2011, 23:24
Filed under: Uncategorized | Tags: , , , ,

It’s that time of year. Let’s get the ball rolling with an official govt. forecast. We’re getting established over 100/barrel here.

http://www.eia.gov/forecasts/steo/



More confusion

Louise Basinese, Wall Street Daily. The confusion about refinery product exports is getting brutal.

http://www.wallstreetdaily.com/2011/12/16/peak-oil/



Economic growth after cheap oil?

Economic growth: it’s not dead yet | Colin McInnes | spiked.

In this bit McInnes argues that economic growth can continue after Peak Oil — citing as evidence all the wonderful engineering which occurred in the cheap oil era and which depended on cheap oil for its existence. I find his argument less persuasive and more simplistic than the ‘doomer’ arguments he is criticizing.



Tidal energy: drop in the bucket

Tom Murphy on Tidal Energy, Do The Math Blog.

There isn’t enough to make much difference.



Historical perspective on the Bakken Boom

This is an excellent article by Derik Andreoli, looking at the historical big picture of American extraction booms.

The Oil Drum | The Bakken Boom – A Modern-Day Gold Rush.



The Yergin Gap

Chart by Jeffrey Brown (aka “westtexas”).



Lying or confused, part 2

http://www.statecollege.com/news/columns/daniel-nestlerode-as-us-becomes-a-net-energy-exporter-greenenergy-push-on-last-legs-951653/

From statecollege.com, Dec. 4, 2011.

very quietly, I guess.

The author Dan Nestlerode is apparently the Director of Research at his firm. Ouch Dan!



Exxon predicts
December 10, 2011, 06:02
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http://www.buffalonews.com/business/article666169.ece



Lying or Confused?

New oil strikes keep oil prices on the defensive (USO, PTR, TOT, XOM) – NASDAQ.com.

“For the first time in a long time, the United States is a net energy exporter.”

Ah no. Not by a long shot. The US is now a net exporter of refinery products. Still a massive importer of petroleum and ‘energy.’



BP CEO Dudley Scared of High Oil Prices
December 6, 2011, 20:02
Filed under: Uncategorized | Tags: , , , , ,

http://www.rigzone.com/news/article.asp?a_id=113132&hmpn=1



Krugman doesn’t mention depletion either

…Although he does make other good points, like Yergin, in service of his argument of the day.

…Oil prices are up because of rising demand from China and other emerging economies, and more recently because of war scares in the Middle East; these forces easily outweigh any downward pressure on prices from rising U.S. production.

via Natural Born Drillers – NYTimes.com.




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