 |
Louisiana Light • 2 days | 70.46 | +0.95 | +1.37% | ||
|
Bonny Light • 2 days | 72.65 | -0.67 | -0.91% | ||
|
Opec Basket • 2 days | 70.77 | -3.34 | -4.51% | ||
|
Mars US • 21 hours | 67.29 | +0.05 | +0.07% | ||
|
Gasoline • 10 mins | 2.516 | -0.020 | -0.77% |
|
Bonny Light • 2 days | 72.65 | -0.67 | -0.91% | ||
|
Girassol • 2 days | 72.86 | -0.79 | -1.07% | ||
|
Opec Basket • 2 days | 70.77 | -3.34 | -4.51% |
|
Peace Sour • 12 hours | 62.07 | +0.89 | +1.45% | ||
|
Light Sour Blend • 12 hours | 63.37 | +0.89 | +1.42% | ||
|
Syncrude Sweet Premium • 12 hours | 72.32 | +0.89 | +1.25% | ||
|
Central Alberta • 12 hours | 61.67 | +0.89 | +1.46% |
|
Eagle Ford • 2 days | 64.12 | +0.90 | +1.42% | ||
|
Oklahoma Sweet • 2 days | 64.00 | +0.75 | +1.19% | ||
|
Kansas Common • 21 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 2 days | 73.95 | +0.90 | +1.23% |
Breaking News:
Gail Tverberg
Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior to getting involved with energy issues, Ms. Tverberg worked as an actuarial consultant. This work involved performing insurance-related analyses and forecasts. Her personal blog is ourfiniteworld.com. She is also an editor of The Oil Drum.
Latest articles from Gail
-
Ten Reasons Why High Oil Prices are a Problem
A person might think from looking at news reports that our oil problems are gone, but oil prices are still high.Figure 1. US crude oil…
-
Why 2013 Will End in a Severe Recession
We have been hearing a lot about escaping the fiscal cliff, but our problem isn’t solved. The fixes to date have been partial and temporary.…
-
Why does World Coal Consumption continue to Grow?
A primary reason why coal consumption is rising is because of increased international trade, starting when the World Trade Organization was formed in 1995, and…
-
Why the Fossil Fuel Revolution Prevented the World from Starving
Most of us have heard that Thomas Malthus made a forecast in 1798 that the world would run short of food, and that great famine…
-
How Energy Leveraging has Increased Global Unemployment
If an employer wants to maximize profits, it will want to leverage its use of high-priced energy sources. From an employer’s point of view, there…
-
The Fiscal Cliff and its Effect on Oil Markets
The United States’ fiscal cliff is very much related to several changes we have been going through recently, and will likely continue to experience:1. High…
-
Why Current Methods to Combat Climate Change Don’t Work
World leaders seem to have their minds made up regarding what will fix world CO2 emissions problems. Their list includes taxes on gasoline consumption, more…
-
IEA Manipulates Stats to Predict Unrealistically High Oil Forecasts
The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the…
-
Peak Oil and the Challenging Years Ahead
We seem to hear two versions of the story of limited oil supply:1. The economists’ view, saying that the issue is a simple problem of…
-
Why Natural Gas Won’t Save the World
We keep hearing about the many benefits of natural gas–how burning it releases less CO2 than oil or coal, and how it burns with few…
-
The Devastating Economic Impact of Constantly High Oil Prices
Prof. James Hamilton of University of California recently wrote a post called Thresholds in the economic effects of oil prices. In it, he concludesAs U.S.…
-
The World is Suffering from High-Priced Fuel Syndrome
Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“.High-priced…
-
The Link between Energy Consumption, Employment, and Recession
The number of jobs available to job-seekers has been a problem for quite a long time now—since 2000 in the United States, and longer than…
-
How Population, Energy Supply, and the Economy Depend on Each Other
The tie between energy supply, population, and the economy goes back to the hunter-gatherer period. Hunter-gatherers managed to multiply their population at least 4-fold, and…
-
Why Energy is Vital to Economic Growth
In the beginning, the Master Economist created the Economy. He created businesses large and small, consumers, governments with their regulation, and financial institutions of all…
-
Humanity's Need for External Energy
Strange as it may seem, humans seem to have evolved in a way that we have a need for external energy, such as energy from…
-
The Modern World of Nuclear Generated Electricity
The issue of nuclear electricity is a complex one. In this post, I offer a few insights into the nuclear electric situation based on recent…
-
As the Planet Reaches its Limits, What Solutions are Available?
We live in a finite world. At this point, we seem to be reaching limits in several different areas:Cheap oil. Our economy runs on cheap…
-
How Changing from Fossil Fuels to Renewable Energy Might Affect GDP
We talk about the possibility of reducing fossil fuel use by 80% by 2050 and ramping up renewables at the same time, to help prevent…
-
What Level of Oil Supply Growth is Needed to Support World GDP Growth?
A few days ago, I showed the close relationship between growth in world oil consumption and growth in world GDP. In this post, I will…
