Oil has two potential futures, Shell strategist says

Jeremy Bentham, a Shell Strategist says that oil has two potential futures. Listen to this interesting radio interview.

http://www.npr.org/templates/story/story.php?storyId=89831088

Economic Impact of Peak Oil

Aaron Wisner has a simple but powerful video on his views about how peak oil may affect the world economy. In short, he says that most peak oilers believe that peak oil will cause recession or a series of recessions.

$400 oil price can be sustained

In the following interview, Matt Simmons argues that oil is still cheap at $100 a barrel and that $400 oil prices can be sustained.

Richard C. Duncan and the Olduvai Theory

I have seen few papers that are as good at explaining the potential problems humanity will face from peak oil than Richard C. Duncan's.

In my opinion, his thesis is that the age of oil created an unprecedented expansion of human population and industrial society that will require more energy that will not come from oil and gas in the future.

http://dieoff.org/page224.htm

Energy Policy TV

I've discovered a website devoted to bringing you videos, including those of policy makers of Congress, called Energy Policy TV. Enjoy learning by watching videos on this site.

http://www.energypolicytv.com

Oil hits $118 a barrel

Today oil exceeded $118 a barrel. In fact, it neared $120.

The big question is not if long-term prices will go up, but will short-term prices continue to go up.

I believe that there is a perfect storm of economic conditions to support short-term prices hikes to $150 per barrel.

If interest rates are lowered by central banks around the world to soften the blow of the sub-prime mortgage implosion, that would tend to counter the inflationary effects of higher oil prices.

Chandramouli Mahadevan on Peak Oil

Listen to a great interview of Chandramouli Mahadevan by Sundar Rajan on the effects of peak oil on India and the world.

Mahadevan suggests how peak oil may effect various parts of the world and what economic conditions it will create.

http://coffeewithsundar.com/podcast-peak-oil-crisis-with-chandramouli-mahadevan/

Are you new to peak oil?

If you are just beginning to learn about peak oil, I strongly recommend this half-hour video of Dr. Colin Campbell which will explain peak oil to you.

Oil Hits $115

Today oil hit $115 per barrel on news of a large draw in U.S. stocks.

As long as demand for oil remains strong, we can expect oil prices to go up.

This oberserver believes that oil prices will continue to rise as oil makes up a smaller portion of production than it did in the 1970s and as 3 billion people who have never before used oil are starting to use it around the world.

Population pressure alone, suggests that oil consumption will increase regardless of cost. The population of the world has doubled since 1965, leaving us with over 6 billion people today.

Also recent news on the Internet suggests that charts based on oil production statistics for Russia are correct and that oil production in Russia has definitely peaked. This should also drive up cost.

For a very effective and simple analysis of the possible ramifications in increased prices, you should look at this very good video.

Oil hits $112 a barrel

Yesterday, oil hit $112 per barrel. Will we see $200 or $300 oil within a couple of years? It all depends on the real amount of reserves, the speed at which they can be brought to market, and the effect of higher oil prices on economic growth.

In a lecture in 2006 to ASPO USA, Matt Simmons advised that 80% of the world is now just beginning to use oil and gas so one can see how increased use by these people may continue to drive demand regardless of price increases.