The Oil Supply and Petroleum Economics
Will the oil supply run out? How does government petroleum policies impact the oil supply, the economy, and the environment?
Letter From a Level Headed Peak Oiler
Many have blamed the rapid rise in oil prices in 2007 and the first-half of 2008 on speculators. But if we somehow kicked all the speculators out of the market, would the price of oil drop back down to pre-2007 levels?
We examine the question of "what the price of oil will be 5 years from now?" and think about how we can answer that question.
In "The Intellectual Bankruptcy of the Peak Oil Movement" we discuss claims made by peak oil enthuisasts.
An examination of the question "Can Gas Tax Increases Be Deficit Reducing?" Will governments simply spend additional dollars from a tax increase?
Hi. I got a feeling this article was written under the careful disguise of a paid political propaganda. Basically you are saying while the oil will not 'technically' run out, our society and economy will just evolve not to use it anymore.
A letter from a reader in response to the article "we will never run out of oil"
Every pundit out there seems to think the price of oil is going to continue to go up. However, this is not reflected in the price of oil futures. Nobody can seem to explain why, however.
If the price of oil is going to continue to skyrocket, then why are oil futures priced so low?
A second look at the article "We Will Never Run Out of Oil"
Two reader responses to the article "We Will Never Run out of Oil"
When speaking of oil reserves, your readers may not have recognized the flexibility inherent in the reserve definition itself. Typically, oil-producing countries and oil companies report "proven reserves" which are estimated amounts thought reasonably certain to be recoverable from known reservoirs under current economic and operating conditions.
There has been a great deal of discussion about the price of crude oil reaching new heights in 2006. If this is true, then why is it not being reflected in crude oil futures?
For as long as I can remember, I've been hearing that the world oil supply will run out in a few decades. I remember quite vividly growing up in the early 1980's hearing that there wouldn't be any oil left by the time I learned how to drive.
Other than my article on the FairTax, no article has generated more controversy than "We Will Never Run Out of Oil". The sequel "Followup to We Will Never Run Out of Oil" examines a reader's objections to the original article.
A look at oil fields, baseball players, economics, the winner's curse, and game theory