So You Think Oil’s Expensive Now?

Posted on June 27, 2008 by John Donovan.
Categories: Oil Prices, Seeking Alpha.

Moreover, there are a number of plausible scenarios—taken from today’s headlines—that could greatly impact world oil prices and take an even greater toll on US consumers. We doubt that these risks are fully priced into the market.

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Oil Will Peak at $150-200 - Barron’s Interview

Posted on June 8, 2008 by John Donovan.
Categories: Oil Prices, Seeking Alpha.

Barron’s magazine interviews highly-followed Goldman oil strategist Arjun Murti, who predicted the current oil “super spike” in 2004. He sees the climb peaking somewhere between $150 and $200 — which could mean $5.75 gasoline.

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Russia Probes BP Exec in Attempt to Reclaim Energy Sector

Posted on June 6, 2008 by John Donovan.
Categories: Russia, Seeking Alpha.

Royal Dutch Shell PLC (RDS.A) was forced to relinquish control of its Sakhalin-2 oil and gas project to OAO Gazprom (OGZPY.PK) for $7.45 billion when the Russian government threatened to block investment plans by canceling building permits on environmental grounds. And just last year, TNK-BP was talked into selling its 62.8% stake in one of the world’s largest gas fields, the Kovytkta field, to Gazprom, after Russian authorities threatened to revoke the company’s license to develop it.

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Is There an Oil Crisis Looming?

Posted on June 4, 2008 by John Donovan.
Categories: Peak Oil, Seeking Alpha.

Peak Oil may be in the future but Peak Oil Awareness has arrived. I expectTime and Newsweek cover articles on Peak Oil any week now marking the official top in oil awareness. It has already made the covers of The Economist and Business Week, the leading indicators of magazine covers.

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Has Oil Production Reached a ‘De Facto’ Peak?

Posted on June 3, 2008 by John Donovan.
Categories: Peak Oil, Seeking Alpha.

I’m not sure what to call the peak we have now reached. Maybe it should be called “Peak Practical Production.” Or “De Facto Peak Oil.” Or just, “Th..Th..That’s All, Folks.”

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The End of OPEC

Posted on May 12, 2008 by John Donovan.
Categories: Seeking Alpha.

Churchill’s assessment applies to the current oil situation: this is the beginning of the end of OPEC. That much is obvious; the more interesting question is “why?”

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