Eamon Keane submits:On Thursday the Davos World Energy Outlook Panel took place. It's well worth a look, you can find the video or podcast here. The participants were: Chair: Daniel Yergin - Cambridge Energy Research AssociatesComplete Story »
On 17 September The Wall Street Journal published a fascinating article on “peak oil,” “There Will Be Oil,” written by Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, an energy research and consulting firm and deserved recipient of Pulitzer Prize for his 1991 book, The Prize: The Epic Quest for Oil, Money and Power.
According to The Wall Street Journal, “There Will Be Oil” “is adapted from his new book, The Quest: Energy, Security and the Remaking of the Modern World.”
From Fortune, "America's Energy Job Machine is Heating Up""Along the Texas coast it's easy to spot the effects of America's oil and gas renaissance in new hotels built in the past five years (many of them now populated by itinerant oilfield workers), in the multiplying numbers of overnight "shale-ionaires," in rising home values, expanding car and truck dealerships, and effectively full employment.
Saturday, September 17, the WSJ ran an essay by Daniel Yergin called, “There Will Be Oil.” In the essay, Yergin argues that the advocates of “peak oil” theory are wrong. He says, “Meeting future demand will require innovation, investment and the development of more challenging resources,” but he doesn’t make this sound like a huge problem. Most of the big challenges would be above ground issues, like politics, mismanagement of resources, and wars.
In sharp contrast to the grim medium-term prognosis for the Canadian oilsands, Exxon Mobil Corp. is predicting sunnier times for bitumen in the decades ahead.
The world’s largest publicly listed oil company said production from Canada and Venezuela’s oilsands will “quadruple” to nine million barrels per day over the next 24 years.
Submitted by Mike Krieger via Liberty Blitzkrieg blog, Yra Harris just posted a blistering critique of the crony capitalist crooks congregating in Davos. The first few paragraphs of his post, For the Sake of Capitalism, Pepper Spray Davos, are a must read. Enjoy.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.In an interview with David Wessel, Daniel Yergin, author of “The Prize,” states that the turmoil in the Middle East is a “sea change” for the global oil market and that the U.S. and emerging markets are most economically vulnerable to rising oil prices.