How correct were Colin Campbell and Jean Laherrère when they published “The End of Cheap Oil” in 1998?

February 26, 2015

1

End of Cheap Oil Scenario

Desmond Smith posted a comment after my previous blog: “The crash in the price of oil may change the oil market – a look at the IEA’s “Oil Medium-Term Market Report 2015” and it requires a lengthy response. Therefore, I am giving it in this separate blog. 17 years ago, in March 1998, Colin Campbell […]

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Hur rätt hade Colin och Jean då de 1998 skrev ”The End Of Cheap Oil”?

February 22, 2015

3

End of Cheap Oil Scenario

How right was Colin and Jean when in 1998 they wrote “The End of Cheap Oil”? Desmond Smith has made a comment to my blog: ”The crash in the price of oil may change the oil market – a look at the IEA’s “Oil Medium-Term Market Report 2015”. A long answer is needed and I […]

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Commons on commons to the blog ”The crash in the price of oil may change the oil market – …..”

February 20, 2015

2

USGS 2000

Johnny has made a very good comment to my blog: ”The crash in the price of oil may change the oil market – a look at the IEA’s “Oil Medium-Term Market Report 2015”. A long answer is needed and I will give it in Swedish below and publish a translation as a separate blog in […]

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Derailed oil train – Bakken crude in flame

February 17, 2015

1

Bakken oil exploded

(See on YouTube) (The text is from Oil&Gas Journal) A large-scale cleanup and investigation have launched following the Feb. 16 derailment of a CSX crude oil train near Mount Carbon, W.Va. The train consisted of two locomotives and 109 rail cars traveling from North Dakota to Yorktown, Va. CSX confirmed with OGJ on Feb. 17 […]

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What are natural gas liquids and how are they used?

February 17, 2015

3

NGL-2

When the International Energy Agency, IEA, presents its future scenarios, Natural Gas Liquids, NGL, are present as an important component. The IEA’s most recent graph describing its New Policies Scenario was presented in its World Energy Outlook 2012 (WEO 2012) report. In that graph we can see that the production component volume that is currently […]

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Development plan for Johan Sverdrup

February 15, 2015

3

Johan Sverdrup map

Partners Statoil ASA, Lundin Petroleum AB, Petoro, Det Norske Oljeselskap ASA, and Maersk Oil have submitted a plan for development and operation (PDO) for Phase 1 of Johan Sverdrup field to the Norwegian Ministry of Petroleum and Energy. The oil field will be developed in several phases. Phase 1 consists of four bridge-linked platforms and […]

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The crash in the price of oil may change the oil market – a look at the IEA’s “Oil Medium-Term Market Report 2015”

February 15, 2015

11

IEA oil mid term

On Tuesday 10 February at 13:00 GMT the IEA released its “Oil Medium-Term Market Report 2015”. The day before the release I was contacted by Jens Ergon at Sveriges Television (“Sweden’s Television, SVT) who wanted to get my opinion on the report. I had a number of hours to read through the 140 pages of […]

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Blir sommaren oljepris 70 dollar per fat?

February 13, 2015

0

2009 oil price

Den senaste veckan har oljepriset placerat sig över 55 dollar per fat och just nu verkar det som om det kraftiga prisraset nådde sin botten i januari med priser under 50 dollar per fat. Frågan är hur lång tid det kommer att ta innan priset på nytt har nått 80 dollar per fat. Om vi […]

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Prisras på olja kan förändra oljemarknaden – en titt på IEA:s ”Oil Medium-Term Market Report”.

February 12, 2015

2

IEA oil mid term

(English text in separate blog) Tisdagen den 10de februari klockan 13:00 GMT släppte IEA sin rapport ”Oil Medium-Term Market Report”. Redan på måndag blev jag kontaktad av Jens Ergon på Sveriges Television (SVT) som ville ha mina synpunkter på rapporten. Jag fick några timmar på mig att läsa igenom 140 sidor och samtidigt som rapporten […]

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Rea på olja – vad beror det på och hur påverkar det klimatomställningen

February 11, 2015

0

Fores

(Just in Swedish) Måndagen den 9 februari ordnade den gröna och liberala tankesmedja Fores – forum för reformer och entreprenörskap – ett seminarium med rubriken ”Rea på olja – vad beror det på och hur påverkar det klimatomställningen”. Motiveringen till seminariet beskriver man på följande sätt: ”När oljepriset störtdök till 50 dollar per fat trodde […]

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How much oil is produced? / Hur mycket olja produceras?

February 5, 2015

2

Olja fyra kvadranter

The International Energy Agency (IEA) very often reports available volumes of liquid fuels. The logic behind this is that it is liquid fuels that our society uses. Very often journalists and others mistakenly describe the total volume of liquid fuels as oil although the former includes biofuels. This means that biofuel becomes redefined as oil. […]

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How cheap is oil today? / Hur billig är oljan idag?

February 4, 2015

9

oil price

If one studies the price of oil between 1980 and the present day one can see that the price was lowest on 10 December 1998 at $9.10 per barrel. During the period 1990 to 2014 the average rate of inflation in the USA has been 2.59%. At that rate of inflation a price of $9.10 […]

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