Login



Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Latest Business Headlines

LNG: The Long, Strategic Play for Europe: Interview with Robert Bensh

Business

Liquefied natural gas (LNG) to Europe isn’t a get-rich-quick scenario for the impatient investor: It’s a long, strategic play for the sophisticated investor who can handle no small amount of politics and geopolitics along the way. When it comes to Europe, Russia’s strategy to divide and conquer has worked so far, but Gazprom is a […]


Putin Advisor Proposes “Anti-Dollar Alliance”

Business

It has been a while since both Ukraine, and the ongoing Russian response to western sanctions (which set off the great Eurasian axis in motion, pushing China and Russia close together, and accelerating the “Holy Grail” gas deal between the two countries) have made headlines. It is still not clear just why the western media […]


IEA Says North America to Be a Products Titan

Business

So Peak Oil is dead, yeah? Well, to a point. The Financial Times editorializes that while the “bell-curve” theory of production has been broadly disproved, the oil price remains stubbornly high because Peakists were right about the easy oil having been already found and drilled. North America is on course to produce 20% of the […]


Growing Global Population Drives Food Industry Mergers

Business

The global population’s growing appetite for high protein foods and products are seen as the driving force behind food industry mergers, the Wall Street Journal reported. The report stated China, the country which has the biggest population in the world, is consuming more meat and dairy products, while in the United States, healthy conscious consumers […]


Cheap Oil is Gone Forever

Cheap Oil is Gone Forever thumbnail

Sixty years ago, a man stood in front of a crowd that had gathered at a small hotel in San Antonio. Minutes before approaching the podium, however, he was quietly ushered off the stage to take an urgent phone call. On the other end of the line was a PR rep for one of the […]


“This Is A Trend”: Increasingly More Russian Companies Set To Drop Dollar, Switch To Chinese Yuan

Business

As we have been reporting (and forecasting for the past several years), the Eurasian anti-US Dollar axis is rapidly taking shape, with recent events catalyzed and certainly accelerated by US foreign policy in Ukraine, which has merely succeeded in pushing Russia that much closer, and faster, to China. The latest proof of this came overnight […]


Energy Deathmatch: Oil Versus Natural Gas

Energy Deathmatch: Oil Versus Natural Gas thumbnail

The media loves to hate on coal right now. And the latest news about Obama wanting to massively cut carbon emissions at fossil fuel-burning power plants certainly isn’t helping. Don’t listen to the pundits. Coal isn’t going away anytime soon. Not with more than 40% of the world’s energy still being provided from coal generation. […]


Pemex, Mexico’s state oil giant, braces for a the country’s new energy landscape

Pemex, Mexico’s state oil giant, braces for a the country’s new energy landscape thumbnail

When Mexican President Enrique Peña Nieto arrived at the March rally, he was greeted like a rock star. Hundreds of local residents and employees of Petróleos Mexicanos had gathered in the state of Veracruz to celebrate the 1938 expropriation of foreign oil wells and the founding of Pemex. The workers, dressed in white shirts and […]


Canada Aims to Sell Its Oil Beyond US

Canada Aims to Sell Its Oil Beyond US thumbnail

Last fall, Canadian oil producer Husky Energy Inc. sent a batch of crude on a journey to India. It was just a drop in a sea of global oil transactions, but a step toward reshaping North American energy trading. The million-barrel shipment to Indian Oil Corp. 530965.BY +1.54% , described by Husky as a test […]


The peak-oil plateau and what it means for investors

The peak-oil plateau and what it means for investors thumbnail

Jim Rogers is one of the best-known commodity investors of our time. He correctly predicted the collapse of the stock-market bubble at the end of the 1990s and the rise of commodity prices in the 2000s. One of Roger’s mantras was that oil prices would rise substantially due to a lack of new discoveries. That […]


2014: Peak Oil Sands Investment?

2014: Peak Oil Sands Investment? thumbnail

Does the shelving of the Total SA Joslyn mine signal that the recent wave of oil sands investment has peaked? This past week, Total SA And their business partners decided to shelve the Joslyn Mine project, which places $11 bn in oil sands investment into the “unlikely” category. As an economist, I always look at other […]


Renminbi use surges in home of US dollar

Business

It is the monetary equivalent of what Chairman Mao called “bombarding the headquarters”. China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market. The value of renminbi payments between the US and the rest of the world rose by […]


The Promise of Mexican Oil

The Promise of Mexican Oil thumbnail

The miracles of modern engineering and, specifically, fracking and deepwater drilling are rapidly changing the risk-reward assessments of petroleum investment. When OPEC members meet in Vienna next week, the organization is scheduled to offer its latest assessment of global demand and projected production. And closer to home, U.S. oil titans are aligning with Mexico’s Pemex […]


BP And Royal Dutch Shell After Peak Oil

BP And Royal Dutch Shell After Peak Oil thumbnail

The oil industry used to be a no-brainer investment. There seemed to be an infinite supply of oil, and with more and more people owning cars, demand — and thus oil prices — were rocketing. This meant that oil companies would be booming. But has anyone asked the question: what happens when the oil runs […]


Canada’s high-cost oil and gas needs a competitive game plan

Business

Canadian oil and gas companies will be competing head to head with lower-cost energy producers in the near future, and the country needs a better strategy to remain competitive in a post peak-oil world. According to a PwC report released May 30, Canada has four options when it comes to the future of oil and […]


Food Replacing Oil as China M&A Target of Choice

Food Replacing Oil as China M&A Target of Choice thumbnail

After spending the past decade and more than $200 billion acquiring mines and oilfields from Australia to Argentina, China’s attention is turning to food. The world’s most populous nation is confronting a harsh reality: For every additional bushel of wheat or pound of beef the world produces, China will need almost half of that to […]


Exxon, BP Defy White House; Extend Partnership with Russia

Business

Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia’s state-owned oil company – to extend and deepen their relationships for energy exploration. The U.S. slapped sanctions on Rosneft’s CEO […]


Big Oil Spending More, Getting Less in Production

Business

Despite increased spending, oil majors are seeing flat or declining production as they struggle to replace reserves, according to a recent analyst report. Exxon Mobil Corp., Chevron Corp., Royalty Dutch Shell plc and BP plc recorded declines in their 2013 production. ExxonMobil reported an average production of 4,175 million barrels of oil equivalent per day […]


Putin’s Energy Trumps U.S. Sanctions as Rosneft Extends Reach

Business

One by one, executives from some of the world’s largest energy companies climbed the dais to sign accords with OAO Rosneft (ROSN) chief Igor Sechin as Vladimir Putin stood behind his blacklisted ally, nodding approvingly. Executives from BP Plc (BP/), India’s Oil & Natural Gas Corp. (ONGC) and companies from Norway, Abu Dhabi, Venezuela, Vietnam, […]


Russia-China Natural Gas Pipeline to Create New Global Price Benchmark

Business

Russia’s landmark deal to supply China with natural gas via pipeline over 30 years will have profound impacts globally and create a new price benchmark that may pressure other producers, as consumers choose from a variety of supply sources, according to analysts. OAO Gazprom on Wednesday clinched a contract with China National Petroleum Corp. (CNPC) […]


How investors can get ready for inflation

Business

Last month was not a good one for inflation hawks, unless they were looking for validation. The U.S. consumer price index was up 0.3 percent in April, its largest increase in 10 months. And producer prices were up 0.6 percent – their biggest monthly rise since September 2012. Of course, that does not mean prices […]


Shell says fossil fuel reserves won’t be ‘stranded’ by climate regulation

Business

* Oil major says fossil fuels will be needed through 2050 * Calls “carbon bubble” theory flawed in letter to shareholders * Says decarbonisation of energy sector will take decades * Predicts it could take rest of century to resolve climate change Royal Dutch Shell has dismissed the possibility that its proven oil or gas […]


Central Banks’ Balance Sheets, Interest Rates and the Oil Price

Central Banks’ Balance Sheets, Interest Rates and the Oil Price thumbnail

  In this post I present a more detailed look at developments in central banks’ balance sheets, interest rates and the oil price since mid 2006 and as of recently. Paper and digital money are human inventions. Most people truly believe it is money that powers the society and their lives because they have never […]


Markets Work Or, How The Economics Of The Oil Industry Is Changing

Business

Two interesting things we can glean from this report in the WSJ into the economics of the oil business. The first being that some people can be a little confused about the economics of pricing, the second being that markets really do work. For the first one we have an assurance that oil prices aren’t […]


Oil Nations Put Out Welcome Mat for Western Companies

Business

Some of the biggest oil producers in the world are about to make it a lot easier for Western oil companies to do business with them. For years, Mexico, Iran, Iraq, Algeria and Libya—most of them among the top 10 producers world-wide—were fiercely nationalistic when it came to oil. They either offered Western companies punitive […]


US entering oil export market may faze supply

Business

Signals from Washington are getting clear. A new variable – the US crude – may soon be entering and indeed impacting the global crude markets. The US government is reportedly considering doing away with a four-decade-old law that bans the sale and export of American oil abroad. The ban was put in place in reaction […]


Tom O’Malley, Harold Hamm, oil woes in the Middle East, Russian benchmarks…all in one day

Business

A few observations from day one of the Platts Global Crude Oil Summit in London: ————————————- One of the more interesting statements in the recent earnings call of PBF Energy was that the Tom O’Malley-led company might look to buy a refinery in California. It’s a locale O’Malley has operated in previously through Tosco and […]


Why Invest In Farmland?

Why Invest In Farmland? thumbnail

Everyone has to eat in order to survive and the production of almost all food can be traced back to farmland around the world in some way. Demand is growing for farmland as the world’s population and global needs for food increase. What many don’t realize is that the supply of farmland is not changing, […]


The US Economy Is A House Of Cards

Business

The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics. American capitalism itself is an illusion. All financial markets are rigged. Massive liquidity poured into financial markets by the Federal Reserve’s Quantitative Easing inflates stock and bond prices and drives interest […]


Why Oil Prices Haven’t Gone Crazy

Business

Why Oil Prices Haven’t Gone Crazy By Matthew Philips Bloomberg Businessweek Illustration by 731 The oil markets have plenty of reasons to be spooked. In Libya, home to Africa’s largest reserves, production has fallen more than 80 percent since militias seized control of the country’s biggest ports last summer. Most of Iran’s oil remains trapped […]


« Previous PageNext Page »



Oil News Categories


Latest posts


Archive


LATEST NEWS HEADLINES


PO Real Time

Not only is #peakoil real, but we’re rapidly approaching that threshold. bit.ly/1lV4AI9 #climate #oil (via @DeSmogBlog)

What you need to know about UBS and Deutsche Bank's Q2 results #peakoil bit.ly/1ppulEx

@webwildink and it's not for nefarious reasons. It is a #peakoil reality and necessity to sustain 7B ppl