From the category archives:

oil

Another oil shock in 2010?

by Tom Raftery on January 29, 2009 · 2 comments

in oil

Brent Crude price Aug 08 – Jan 09
Chart generated by thisismoney.co.uk
Posts on The Oil Drum and iStockAnalyst in the last couple of days point out something interesting.
From The Oil Drum’s post:

Nobuo Tanaka, the head of the International Energy Agency (IEA) said today…
Oil at near $40 a barrel has slowed investment in oil projects, he [...]

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McCain-Palin – the oil industry’s dream ticket

by Tom Raftery on September 5, 2008 · 1 comment

in oil

Photo Credit Stijn Vogels
I don’t pretend to know a whole lot about American politics and generally avoid commenting for that reason however, the addition of Sarah Palin to the Republican party presidential campaign meant I had to say something!
Sarah Palin is less of a friend to the environment than George Bush. I know that may [...]

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How much do oil prices have to rise before we decide to get off oil?

by Tom Raftery on September 2, 2008 · 5 comments

in oil

Photo Credit cactusbones
Last year the world was in shock when oil hit $80 per barrel.
Less than a year later, the media has been celebrating the fact that oil prices have dropped to below $110 per barrel.
Four years ago oil was just over $30 per barrel!
With the exception of a couple of spikes, oil prices have [...]

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Tom Friedman: So Is The World Flat Or Not?

by monkchips on July 21, 2008 · 2 comments

in oil

photo credit: _e.t
We recently lauded the NY Times’ Thomas Friedman for arguing that oil is like an addiction and needs a minimum price floor to ensure current investments in greentech are sustainable. But there is a problem with Friedman (or perhaps with us)- his rhetoric is so effective that often you’re blinded to inconsistencies [...]

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Peak oil is here – now what are you going to do about it?

by Tom Raftery on July 2, 2008 · 0 comments

in oil

Congressman Roscoe Bartlett [R] in the video above addresses the US congress on the liklihood that we have hit peak oil.
Congressman Bartlett has been banging this drum since 2005 but he received an unlikely ally in the International Energy Agency yesterday! The IEA is not known for being alarmist and is typically extremely conservative in [...]

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High oil prices are a good thing!

by Tom Raftery on May 29, 2008 · 8 comments

in oil

photo credit: Lori Greig
I wrote a post a couple of weeks back saying that the sooner oil reaches $200 per barrel, the better. Unsurprisingly, it generated a bit of comment!
So I was mighty chuffed to read Thomas Friedman’s superb Op-Ed in the New York Times yesterday where he made a very similar argument.
Thomas said:
there [...]

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The sooner oil hits $200 per barrel, the better!

by Tom Raftery on May 9, 2008 · 13 comments

in climate change, oil

photo credit: johnmarkos
Back in 2004 the government’s worst case scenarios had oil reaching $26 per barrel by 2025. This afternoon oil reached $125.98, the fifth day this week we had a record high price for oil. And we are not even halfway through 2008 yet.
Goldman Sachs recently pronounced that oil may soon reach $200 [...]

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