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News, stories and media buzz related to Peak Oil

  • Oil producers have agreed to cut production by 1.2m barrels a day, to 32.5m, in an attempt to ‘stabilise the market’ and push crude prices higher. Closing summary: Will “historic deal” hold up to scrutiny? Deal finally agreed in Vienna Opec president...

  • Time to re-think the way we run our monetary system by Richard Cluver We humans are an odd lot who compartmentalise our lives into blocks of years and then measure each one as if they can be put away in a drawer and forgotten while we take out a shiny...

  • The ‘States First’ earthquake primer, even lower natural gas prices, US oil & gas glut still growing, et al. from rjs's own blog: http://focusonfracking.blogspot.com/2015/10/the-states-first-earthquake-primer-even.html There was quite a bit of...

  • Is OPEC's oil era over?
    via theconversation

    Just a couple months ago, some were declaring the old oil order dead after the Organization of the Petroleum Exporting Countries (OPEC) failed to agree on coordinated action at its April meeting in Doha. That meeting was meant to bring about a production...

  • Two years ago, global oil prices crashed after the world started pumping out far more crude than anyone needed. That plunge, from $100 per barrel down to $40 per barrel, upended the global economy — and cost oil producers like Saudi Arabia billions of...

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