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Posts Tagged ‘peak oil’

I’ve been working on this post for a few weeks, and one reason for the delay: the price of oil keeps falling. West Texas crude broke the $30 mark yesterday – as in, it closed below $30 for the first time in over a decade: What’s going on here? Whatever happened to those predictions of […]

Jan 13th, 2016 | Filed under Uncategorized

This blog has the sad duty to report that the era of cheap gas is over – by which I mean the “era” that lasted from the fall of 2014 to the end of January 2015. The global collapse in oil prices was not going to last, no matter how much people wished and hoped […]

Feb 17th, 2015 | Filed under Uncategorized

A few years ago it looked likely that we could see oil at $200 a barrel in 2015. Today, prices are rapidly falling, with Goldman Sachs now predicting oil will crash to $70/bbl in 2015. What’s going on? Are we out of the woods of high oil prices? Hardly. This is a temporary respite that, […]

Oct 27th, 2014 | Filed under Uncategorized

At the second presidential debate between Barack Obama and Mitt Romney one of the audience members asked what can be done to lower gas prices. The correct answer to this question is “nothing,” since gas prices are only going to keep rising thanks to peak oil and soaring global demand. The proper question to ask […]

Oct 23rd, 2012 | Filed under Uncategorized