29 Mar '14, 3pm

#peakoil Here Comes $75 Oil: The long-term outlook for global oil prices is lower, perhaps much lower, giving

AMY JAFFE, EXECUTIVE DIRECTOR for energy and sustainability at the University of California, Davis, co-authored a recent study with Rice University economics professor Mahmoud El-Gamal predicting that barring a “war that destroys physical installations for the production and/or transport of oil,” the oil price will “fall precipitously over the medium term of three to five years.” Jaffe believes the average price could fall below $75, based in part on her view that oil-production costs are not fixed. “Research shows that costs track oil prices and not the other way around,” she observes. As oil prices move lower, demand for drilling rigs and related equipment falls, lowering the cost of drilling. And that’s bad news for Putin. “The Russian government’s budget is expected to need an oil price of over $100 to stay balanced between now and 2020,” Jaffe says. “A $75 average cou...

Full article: http://peakoil.com/business/here-comes-75-oil

Tweets

The battered state of EU-Russia energy relation...

peakoil.com 29 Mar '14, 3pm

The critique was and remains largely accurate, but reversing it is contingent on a coherent EU policy towards gas and posi...

Importance about oil changes.

Importance about oil changes.

hackerspace.lifehacker.com 28 Mar '14, 8pm

If you don't already do your own oil changes, you should. You can save a lot of money and hassle just by taking 30 minutes...

The Texas Oil Spill is Killing Birds and Threatening the Fishing Industry

The Texas Oil Spill is Killing Birds and Threat...

care2.com 29 Mar '14, 7pm

Ship traffic may have reopened on Galveston Bay after a collision between a ship and a barge spilled up to 168,000 gallons...

Why The Oil & Gas Industry Makes Such A Big Deal Of The Shale (Retirement) Party

Why The Oil & Gas Industry Makes Such A Big Dea...

cleantechnica.com 30 Mar '14, 1pm

How much faith can we put in our ability to decipher all the numbers out there telling us the US will soon be cornering th...

How Solar Reduced a California Farm’s Electric Bill by 75 Percent

How Solar Reduced a California Farm’s Electric ...

renewableenergyworld.com 24 Mar '14, 6pm

A solar system installed by REC Solar at a California vineyard. Today’s farmers are increasingly using the sun’s energy to...

No easy solutions to Klingons, Darth Vader and ...

peakoil.com 30 Mar '14, 12pm

We have two “tooth fairy” believing groups. One is the lobby of plenty in industry and politics who believe in technology,...

#Bus: #Baggies v Cardiff this afternoon at the ...

networkwestmidlands.com 29 Mar '14, 10am

On account of delays and police traffic management operations, Service 53 will NOT serve either Halfords Lane or that sect...

"Jojoba Oil: A Wonder Oil”

michellephan.com 04 Apr '14, 7pm

Jojoba oil “is the oil extracted from the beanlike seeds of the desert shrub Simmondsia chinensis .”¹ The female variety...

Scrapping U-2 Won't Save As Much As Touted

defensenews.com 29 Mar '14, 6pm

WASHINGTON — Retiring all of its U-2 spy planes and replacing them with Global Hawk UAVs won’t save as much money as the U...

How do the professionals deal with oil spills in Singapore?

How do the professionals deal with oil spills i...

wildshores.blogspot.com 30 Mar '14, 5am

Ship-owners: According to Hetherington, C., Flin, R., Mearns, K. (2006) Safety in shipping: the human element. Journal of ...

Fuel Shortages Dog Africa's Biggest Oil Produce...

peakoil.com 05 Apr '14, 4pm

This is the only important line really in the entire article. Which leads to many interesting questions. Why is the ‘IMF’ ...

#peakoil U.S. Warns on Potential Russia-Iran Oi...

peakoil.com 05 Apr '14, 1am

Yea, Art, the Brics make up 21% of global GDP. Their currencies are currently in disarray and most are deficit spending. S...

Talent is the new oil: Have we reached the peak?

Talent is the new oil . Dear talent has replaced depletion of natural resources as the world’s biggest crisis. The geopoli...

Why Oil State Texas Turns Out To Be Friendly To...

greencarreports.com 31 Mar '14, 12pm

By Stephen Edelstein 153 views Mar 31, 2014 Reddit This! Share on Facebook Share on Twitter Houston's Tranquility Park Gar...

BP Lake Michigan Oil Spill: Did Tar Sands Spill...

desmogblog.com 28 Mar '14, 4pm

Is it conventional crude or tar sands ? That is the question. And it's one with high stakes, to boot. The BP Whiting refin...