Tag: Peak cheap 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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