OIL
Tracking the oil spectrum from a financial, ecological, social perspective. Mar 25
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OIL
Oil production fails to keep up with demand CRUDE-OIL prices shot up on June 8th—Brent crude to a one-month high of $118.59 per barrel—after OPEC representatives meeting in Vienna were unable to reach an agreement on production quotas. Many had expected an increase in quotas as members with spare production capacity, led by Saudi Arabia, pushed to avoid a price spike that may dampen long-term demand.
Oil production and consumption
Home Textiles Today Staff -- Home Textiles Today, 6/13/2011 2:37:08 PM London and White Plains, N.Y. - George Little Management is up for sale by its parent company The Daily Mail & General Trust. GLM is the company's U.S. tradeshow arm and produces 15 markets, including the New York International Gift Fair and National Stationery Show.
GLM on the block - 2011-06-13 18:37:08 | Home Textiles Today
Peak Oil: The Mother of All Risk Management Scena
The Need to Consider the Possible Impact of Peak Oil During a recent discussion on the topic of peak oil, the dean of one of America’s most prestigious business schools [who asked to remain anonymous], said “…leaders should bring somebody in to their organizations right away to talk to them about this…if only to say they’ve had a thorough look at the subject and dismiss it. This is something that must appear on the radar screen and be addressed.”
How to Turn Your Analytics into Actionable Tasks for Content Marketing
Author: Scott Frangos Scott Frangos (see G+ ), is a career MarCom professional focused on Content Marketing, Social Media, and WordPress Web Development. He loves introducing strategies and tactics to boost ROI at your websites. He also loves pizza, coffee, and Tai Chi — not necessarily in that order.
The series of revolutionary movements around the Middle East raises the possibility of a general collapse of current Middle East regimes and their replacement by populist governments. Judging by current rhetoric, those governments would be anti-western and anti-capitalist, making their economies inefficient hotbeds of waste and unrest. Given that the West gets a high percentage of its oil from the region, it has always been maintained that the effect of such a turnover in the Middle East would be catastrophic. But would it? To get an answer, we must first define how great an effect a Middle Eastern revolution would have on the energy markets, the only sector in which disruption in the region can seriously damage the global economy.
PrudentBear
Will the Bakken Be as Inspiring as the Barnett? - Seeking Alpha
The Barnett shale play has not only inspired one of the fastest growing energy industries ever created in North America, but is on the verge of propelling a multinational industry. By the end of this decade a small industry that started in an obscure basin in Texas-- and was dismissed by Government and Big Oil alike-- will likely be multicontinental in scope and strategically impressive in scale. Independents saw what Government is incapable of seeing and still cannot comprehend and Big Oil could afford to wait and see.
Crude surprise - m.NYPOST.com
Merry Christmas, now pay up! Investors yesterday pushed crude oil prices to a two-year high near $91 a barrel, all but guaranteeing the metro area a record $3-a-gallon gas for the holidays. And this is supposed to be a low point in gas consumption. The crude spike is bad news for retailers and the overall economy as $100 million a day is siphoned from consumers' wallets -- dollars that could have been used to spur non-fuel sales and create jobs -- every time pump prices jump by 20 cents a gallon. "The main factor pushing prices higher is optimism over the economy," said analyst Peter Beutel of Cameron Hanover, who last week predicted crude oil could hit $100 a barrel by early spring.
Saudi Oil Production - read Minister Al-Naimi's small print
Yesterday the Saudi Arabian oil Minister, Ali Al-Naimi, commented that the days of easy oil are not over , and that there remain at least 88 billion barrels in the Saudi oilfield of Ghawar, let alone the rest of the fields in that country. Well before that sends you out to buy a fleet of Hummers, you might want to take a wee bit closer look at some of the other things that he said, or did not say. For the future is not quite as rosy as his remarks might, at first, make you think.
Saudi struggles to maintain daily crude output quota | 30 March 2011 | www.commodityonline.com
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The report can be accessed from the popular German paper Der Spiegel in this story: Bundeswehr-Studie warnt vor dramatischer Ölkrise . The report is so far only available in German, and while Ich spreche ein wenig Deutsch (I speak a little German), I am not fluent enough to capture the essence of the report. (Der Spiegel has summarized the report in English now: Military Study Warns of a Potentially Drastic Oil Crisis ).
The Oil Drum | German Military Study Warns of Potential Energy Crisis
US oil speculators fined for $100-a-barrel "vanity trade" - Telegraph
"CTG was the first to purchase NYMEX crude oil futures contracts at the then-historic price (also known as a "print") of $100," reads the CFTC's order. The fine was levied for manipulating the market, and creating an inflated price. According to the CFTC's order, not only did CTG help push the price of oil above the $100-mark, it also instructed its floor broker "to buy all of the contracts then being offered at $99.90 to, in the words of one CTG trader, "keep the $100 print up." The regulator quoted an unnamed CTG trader as saying: "Within freakin' 25 cents [of $100 a barrel], I'm just gonna be a madman".The Oil Price Surge Indicator Says There's A 100% Chance Of A New Recession
No, that headline is not a typo. This interesting fact comes to us courtesy of The Global Macro Investor : “Oil prices are always a precursor to recessions. We hit the magic 100% YoY rise in November 2009 and went on to hit the third highest YoY% rise in the history of oil markets… “The magic 100% level in the YoY change in oil gives us a 100% chance of a recession in the succeeding twelve months.The Oil Drum | Discussions about Energy and Our Future
The very size of oil reservoirs in Saudi Arabia means that as the dominant method of water flooding is used to sweep oil to the producing wells, not all the oil in place migrates as hoped. Some remains in place and this makes up a very significant volume of possibly lost production. This is particularly true in reservoirs such as the Hanifa and Hadriya reservoirs at Berri, where water flooding since 1975 has largely obscured the field. Recognizing this problem, Aramco has increasingly used sophisticated mathematical models of various reservoirs to help locate these remaining pools, searching for oil volumes that could be successfully recovered.Fractal Adaptive Cycles in Natural and Human Syst
The bewildering, entrancing, unpredictable nature of nature and people, the richness, diversity and changeability of life come from that evolutionary dance generated by cycles of growth, collapse, reorganization, renewal and re-establishment. We call that the adaptive cycle . Arguably the most significant thinker in the field of ecological cycles has been Buzz Holling, who refers to the conceptual model he derived from the study of forest ecosystems as Panarchy .Welcome to PeakOil.com, an online community exploring oil depletion. - Oil supply will be more than sufficient to meet demand this year and beyond, OPEC's Secretary General said on Thursday, but added the price of fuel is being driven higher by speculation. "There has been no shortage of oil in the market.
Peak Oil News
Oil and the Economy
Vaguely. What I do know is that there are far cleaner,and safer alternatives to petrol all over the globe. The oil cartels aught to stand down,and allow the ''Inventors'' of alternative energy/power sources to develop these technologies-without reprocussions. by ixgagbalamvucub Mar 25
Your Arabian friend from Egypt. by mohamady Mar 25
Oil?? I remember a program on oil stating that in the beginning of its success it was the major companies that pushed it through. There were alternatives and many laborers died of lead-poisoning in those early days, but it nevertheless came. Can anyone remember that program? by digrich Apr 25