http://www.business24-7.ae/
by Nadim Kawach
A prominent Arab energy analyst has warned of a serious oil supply crisis that could trigger a fresh price spike in the absence of sufficient investments in crude capacity development projects.
Nicolas Sarkis, Director of the Paris-based Arab Oil Research Centre, which acts as a consultant to the 11-nation Organisation of Arab Petroleum Exporting [...]
Archive for the ‘Energy’ Category
Prices likely to rise over fears of ’serious oil supply crisis’
ANALYSIS-Fears grow for US natural gas in Obama tax squeeze
Oil and gas executives and experts fear that President Barack Obama’s push for renewables could shrink U.S. output and drive drillers away from vast reserves of relatively clean-burning natural gas.
Obama’s budget proposal would remove tax breaks fo
Time to toll the warning bells
The crude world has now traversed the full distance. The inevitable has happened. The bubble has finally burst. Not long ago, the peak oil theory was in robust circulation.
Days’ Supply of Oil: Calculating Global Inventories
We easily have enough peanut-butter to last the Summer.” Problem: enrollment has risen from 1000 campers to 1400 campers, over that ten year period.
OPEC Achieves Cuts in Output, Halting Price Slide
After months of gradually closing the oil spigot, members of the OPEC cartel have managed to stop the slide in oil prices — at least for now.
The Patch: Peak supply vs. peak demand
The market’s obsession with plummeting oil demand has been so pervasive in the past six months it even fostered a new theory — peak demand.
New Cartel Announces the End of Cheap Gas
We are familiar with OPEC and the effects they have had on the price of oil over the years. The OPEC nations meet on a regular basis to decide how much oil they will allow the rest of the world to have from their stores. They set quotas and limits on production in an attempt, they say, to keep the price steady at a level that is good for both consumers and the producers. We’ve seen how that works.
Will Canada be Our Salvation?
There is a considerable volume of oil in the Athabasca region and production has been increasing over the years. But how realistic is it to assume that oil sands oil will provide a significant portion of future U.S. oil needs?
The Coming Oil Train Wreck: First stop Mexico
Only a true contrarian can worry about high oil prices, shortages and global economic shockwaves when the price of oil has fallen from $147 to under $40 per barrel in less than six months and gasoline is now less than $2 a gallon! I should be singing “Happy (driving) days are here again,” but I’m not. The facts speak otherwise, and the time for preparation and mitigation is growing short.
