Let’s start this analysis with the 2013 figures for the United States (right). In general, the oil export/import status looks better for the US than it has in a long time. Although the US is a major oil producer, it has been an even heavier oil consumer, importing millions of … [continued]
We have had high oil prices before and I expect that, as before, we will complain about the prices as they increase. They will reach a high point that we begin to accept. And that peak will be followed by a recession and a price decline for months or a year before they once again begin their upward trend. It is as if we are being tested and slowly being acclimated to the new price. This is not to suggest that this is a conscious process or someone is manipulating prices. But in a world where only a handful of major oil companies control almost all the market share, some cooperation is possible and, to some extent, might be expected.
Robert Rapier, Chief Technology Officer for Merica International, a bioenergy holding company, was recently interviewed as a follow-up to his presentation on Peak Oil at the Global Footprint Conference in Siena, Italy. He does a great job of addressing some of the misconceptions/myths about Peak Oil as well as potential … [continued]
