Remember, Peak Oil doesn’t mean that we are running out of oil reserves, crude will be around for decades. However, ‘Peak Oil’ does imply that we are dangerously close to peak global oil production.
August 27th, 2009 | Puru Saxena | 3 comments | ContinuedAll Posts Tagged With: "iea"
U.S. Dollar Index Showing All Sorts of Weakness
The U.S. dollar taketh…and the U.S. dollar giveth away. That’s one way of looking at the flurry of activity in markets right now. The Aussie dollar is at a ten-month high. Oil is up 75% since January, with crude trading at $74/barrel. Copper is at a ten-month high. The S&P 500 has cracked 1,000 again.
August 4th, 2009 | Dan Denning | 5 comments | Continued
Unsustainable Energy Trends
I’ve been getting a lot of calls and e-mails from people asking about the falling prices for oil in recent weeks. The immediate explanation is that world economic activity is decelerating. Demand is falling. OPEC announced cuts in output. But the markets still believe that economic decline will trump the ability of OPEC to prop up the price of oil. Enjoy it while it lasts.
November 19th, 2008 | Byron King | 15 comments | Continued
No Spike in Oil Price Following IEA “Third Oil Shock” Announcement
The International Energy Agency (IEA) gave the oil market a boost when it said supply would remain tight and that the world was in the middle of its third oil shock. Thanks for the newsflash IEA. The IEA announcement did not create a super spike in oil. This leads us to believe oil may be running out of gas, at least in the short-term. Event-driven price increases are almost all played out, barring an Israeli attack on Iran.
July 2nd, 2008 | Dan Denning | 3 comments | Continued