Amid the global economic crisis, China rises

Posted by Matt in October 7th, 2009 | no comment

Published in China, Associated Press, Australian Iron, British Auto, Central Asia, Chinese Money, Economic Growth, Factories, Federal Debt, Financial Crisis, Financing Development, Global Economic Crisis, Global Financial Crisis, Iron Mines, Next Decade, Oil Fields, Oil Prices, Stimulus, Trillion, Trillions, Venezuela, Yuan

The financial crisis set back U.S. growth by years and will add trillions to the federal debt over the next decade. But China avoided the worst of the crisis. Its banks are healthy and, with the help of a 4 trillion yuan ($586 billion) stimulus, this year’s economic growth is on track to top 8 [...]

IEA Says Fading Oil Production Threatens Supply

Posted by Matt in November 13th, 2008 | no comment

Published in Oil, Crunch, Decline Rates, Iea, International Energy Agency, New Oil, Oil Fields, Oil Production, Oil Supply, peak oil, Peak Year, Shortfall

Production at the world’s oil fields will decline faster in coming years, putting more pressure on future oil supplies, the International Energy Agency said on Wednesday.
As current fields fade with age and the industry moves offshore and into smaller fields, decline rates will accelerate, the agency found, and more investment will be required to make [...]

Closing Iran’s Oil Spigot

Posted by Matt in October 8th, 2008 | no comment

Published in Iran, Oil, Crude Oil Output, Decline, Drop To Zero, Export Market, Financial Crisis, Global Export, Global Financial Crisis, Iranian Oil Exports, Johns Hopkins University, Oil Consumption, Oil Exporter, Oil Fields, Oil Income, Oil Product, Oil Production, Oil Products, Product Consumption, Rapid Growth, Researcher, Roger Stern, Spigot

Iran’s looming financial crisis
In 2006, Iran was the fifth largest oil exporter in the world. How is it possible that by the middle of the next decade its exports could fall to zero?
In a paper published in January 2007, Roger Stern, a researcher at Johns Hopkins University, predicted that Iranian oil exports would drop to [...]

Oil to hit $400 a barrel by 2018

Posted by Matt in June 5th, 2008 | 1 comment

Published in China, Oil, 1990s, Admiral, Caucasus, China, Chinese Economy, Countries, Energy Efficiency, Energy Prices, Gdp, High Quality, India, Nationalisation, Oil Fields, Oil Prices, Productivity, Quality Infrastructure, Russia, Three Times, Venezuela, World Gdp

“The big story is productivity in China,” he asserts, noting it is an incredible 9%, or three times the level of productivity in the US during its 1990s peak. Admiral Owens attributes this to the country’s high-quality infrastructure. It will allow the Chinese economy to soon become the second-largest in the world, with a GDP [...]

Oil shock: China and Mexico, not Exxon, stupid

Posted by Matt in May 25th, 2008 | no comment

Published in Mexico, Oil, Carbon Dioxide, Credit Markets, Demand, Dollar, Dollar Increase, Exxon, Exxon Oil, Government Budgets, Key Reasons, Meltdown, Oil Field, Oil Fields, Oil Prices, Oil Production, Oil Shock, Overspending, peak oil, Real Assets, Scandals, Slowdown, Subsidies, Supply, Supply And Demand, Water Steam

Oil prices are soaring for three key reasons: the decline in the dollar, increase in demand from China, India and other countries, and finally decrease in supply due to underinvestment in oil fields and decrease in oil production.
The decrease in oil production from existing fields is primarily due to passing peak oil. As oil is [...]

IEA worried about oil supplies, prepares forecast

Posted by Matt in May 22nd, 2008 | no comment

Published in Oil, Associated Press, Chief Economist, Cnbc, Fears, Global Economy, Global Energy, Hirsch, International Energy Agency, Landmark, Oil Fields, Oil Supplies, peak oil, Thirst, World Energy, World Oil Supply

A leading global energy monitor fears there may not be enough oil to slake the world’s thirst — and is preparing a landmark forecast that could reverberate through the global economy even as major companies announce fuel-related cutbacks.
The International Energy Agency is studying depletion rates at about 400 oil fields in a first-of-its-kind study of [...]

Energy Watchdog Warns Of Oil-Production Crunch

Posted by Matt in May 22nd, 2008 | no comment

Published in Energy, Attempt, Bottom Line, Crunch, Downward Revision, International Energy Agency, Oil Companies, Oil Fields, Oil Production, Oil Supply, Paris International, Pessimism, Sharp, Watchdog, Wsj

The world’s premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand.
The Paris-based International Energy Agency is in the middle of its first attempt to comprehensively assess the condition of the world’s top 400 oil fields. [...]