Peakoil.com
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News, commentary, and online forums focused on global oil and gas production, markets, and world economies.

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  • Saudi Arabia: No political motives behind oil policy

    peakoil.com 22 Mar '15, 11am

    J-Gav on Sun, 22nd Mar 2015 11:35 am Ha-ha-ha -laughing so hard I peed my pants. Rodster on Sun, 22nd Mar 2015 11:37 am “$100-120 – I think it’s difficult to reach 120 another time…We understand that all countries need higher incomes…We want higher incomes, but we want higher incomes ...

  • #peakoil Peak Oil Pulled a Fast One on Me: I’ll admit that I was completely caught off guard by the recent (an...

    Pulled a Fast One on Me

    peakoil.com 14 Mar '15, 8pm

    Some of the more mundane theories (not to say that there isn’t any truth in them) include (1) that a rising US dollar has resulted in a downward pressure on the price of oil (since oil is priced and predominantly purchased in US dollars); (2) that Libyan production has increased and s...

  • Shale sub-prime and the Ides of March

    peakoil.com 14 Mar '15, 8pm

    The rise in petroleum prices was a key element to the 2008 crisis, but would eventually bring something positive to the US. Petroleum is usually extracted from large underground cavities known as reservoirs. However, it is formed at greater depth, within source rocks, where organic ma...

  • The Coming Chinese Crackup

    peakoil.com 14 Mar '15, 5pm

    First, China’s economic elites have one foot out the door, and they are ready to flee en masse if the system really begins to crumble. In 2014, Shanghai’s Hurun Research Institute, which studies China’s wealthy, found that 64% of the “high net worth individuals” whom it polled—393 mil...

  • Outcry and fears grow as Pakistan builds new nuclear reactors

    peakoil.com 08 Mar '15, 12pm

    World leaders have fretted for years that terrorists may try to steal one of Pakistan’s nuclear bombs and detonate it in a foreign country. But some Karachi residents say the real nuclear nightmare is unfolding here in Pakistan’s largest and most volatile city. On the edge of Karachi,...

  • The Failure of Modern Industrial Agriculture

    peakoil.com 15 Mar '15, 1pm

    Americans are being subjected to an ongoing multimillion-dollar propaganda campaign designed to “increase confidence and trust in today’s agriculture.” Food Dialogues , just one example of this broader trend, is a campaign sponsored by the U.S. Farmers and Ranchers Alliance—an industr...

  • #peakoil Max Weber on energy and industrial civilisation: The German sociologist, philosopher, and political e...

    Max Weber on energy and industrial civilisation

    peakoil.com 09 Mar '15, 12am

    The German sociologist, philosopher, and political economist Max Weber (1864-1920) is often cited, with Émile Durkheim and Karl Marx, as among the three founders of sociology. Weber is best known for his contention that ascetic Protestantism was the driving force behind market-driven ...

  • Little Guys Lose Out On Oil Bonanza

    peakoil.com 07 Mar '15, 2pm

    Oil storage capacity in the U.S. is more than half full as commodities traders and some midstream firms take advantage of an inversion in the price of crude. Nymex futures contracts for U.S. benchmark West Texas Intermediate crude on Friday priced oil for delivery in January 2016 abou...

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