Tag: Oil

Oct 01

Will high oil prices permanently cap economic growth?

The answer to this question is positive, Jeff Rubin said to Bloomberg past week. “For most of the last century, cheap oil powered global economic growth. But in the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world’s economies.” See also our recent posts …

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Sep 28

Peak Cheap Oil: Cantarell hits record low

Cantarell’s production has slid 74 percent since 2006 to 449,000 barrels a day last year, dragging down the country’s daily output. Cantarell’s output fell 14 percent from April 2011 to 400,000 barrels a day, the lowest since at least 1990, when the Energy Ministry started to publish Pemex’s production. Petroleos Mexicanos, the world’s third-largest oil …

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Sep 21

Oil futures rise

NYMEX-U.S. oil futures rise on supply concerns, Reuters report. Read also “Peak cheap oil“.

Sep 09

Oil price

The following chart (by Petrolio) shows the oil price trend from August 2003 to August 2012. Still below 100$/bbl, but street prices do not reflect its dynamics.

Sep 01

Oil prices in the next decade

  An influential working paper was released by IMF on The Future of Oil, and “its point forecast is for a near doubling of the real price of oil over the coming decade”. This is really bad news for the world economy, but the debate on its effects still languishes as economists and policy makers are …

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Aug 06

Concern on “fracking” in Europe

Concern arises, as Halliburton, Chevron and Exxon declare they are starting the ‘fracking’ process in Europe, The Ecologist reported. Hydraulic fracturing is the propagation of fractures in rock layers, as a result of the action of a pressurized fluid (Wikipedia) used to extract liquid or gaseous hydrocarbons. In the US, gas-extraction in the Marcellus Shale …

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