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

February 11, 2015

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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

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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

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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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Low oil prices may accelerate the onset of Peak Oil

February 2, 2015

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Dino Peak Oil

The “Peak Oil” dinosaur During the previous two weeks the oil price has hovered between $45 and $50 per barrel for American WTI crude oil and European Brent crude oil. It seems as though the downward slide experienced by the oil price during the last months of 2014 has braked. The question is whether this […]

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ConocoPhillips and Occidental Post Losses

February 1, 2015

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dropping oilprice

For the first time since the 2008 financial crisis, ConocoPhillips, the nation’s third-largest oil and gas producer, reported on Thursday that it had lost money — $39 million in the fourth quarter in contrast to a profit of $2.5 billion the year before. And Occidental Petroleum, another large producer in United States shale fields and […]

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The new Saudi king Salman bin Abdul Aziz al-Saud

February 1, 2015

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saudiarabien

(Swedish in a separate blog) What would happen when Saudi Arabia’s King Abdullah died has been discussed for a number of years. Now, a week after his burial we can state that it is still calm in the nation and that the handover of power to Abdullah’s successor has not had a noticeable effect on […]

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Chevron reports nearly 30 percent decline in earnings and that they will abandon the Shale Natural Gas Venture in Poland

January 31, 2015

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chevron Poland

Chevron is the next of the major oil companies reporting declining revenues. Its earnings for the fourth quarter of 2014 fell nearly 30 percent compared with a year earlier. The company blamed lower oil prices for much of the damage. Compared to Shell’s decline of 57 percent a decline of 30 per cent seems pretty […]

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The Royal Dutch Shell net income fell with 57 percent, but Shell will resume drilling in Alaska

January 31, 2015

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Shell Arctic-Drilling-in-Alaska

The blue area is the Beaufort Sea The price of Brent crude, an international variety of oil, dropped about 50 percent last year and naturally the earnings for the oil companies should drop with more than 50 percent as they have to pay the base expenses before they can earn something. On Thursday Royal Dutch […]

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The new Saudi king Salman bin Abdul Aziz al-Saud

January 30, 2015

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saudiarabien

Det har under flera år diskuterats vad som skulle hända då Saudiarabiens kung Abdullah gick bort. Nu en vecka efter begravningen kan vi konstatera att det är lugnt i landet och att tronskiftet inte hade någon nämnvärd inverkan på oljepriset. Grundare av Saudiarabien, kung Abdul Aziz bin Al-Saud lär ha haft åtminstone 22 fruar, men […]

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Oil, the economy’s central power source, is now insufficient for 3% economic growth

January 28, 2015

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economic growth

Last Monday in January on the “Report” news programme of Sweden’s most widely watched TV channel, SVT1, they discussed future economic outlooks and they stated that the economic growth prognoses from the Sweden’s National Institute of Economic Research over the past five years had been excessively optimistic. The Institute has been projecting future economic growth […]

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Shale oil production will level off and we will have a peak in the oil production in 2015

January 28, 2015

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Oil pump east Eagle Ford

(Photo: Oil pump east Eagle Frod, K Aleklett) The US Energy Information Administration, EIA, has now made a first forecast of the production of oil from the lower 48 states, the states with fracking. As the decline for individuate wells are very steep the rig count will be a very important factor for the future […]

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Oljan – bränsle för ekonomisk tillväxt – räcker inte till för 3% tillväxt

January 27, 2015

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Demand and economic growth

(English in separate blog) På måndag diskuterade man ekonomiska framtidsprognoser i Rapport och konstaterade att de prognoser som konjunkturinstitutet gjort de senaste fem åren har alla haft en alltför optimistiska förhoppningar om en högkonjunktur om några år. Man har visat en tillväxt på ungefär 3 procent om året. Varje prognos har varit felaktig och man […]

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