2008 World Oil Conference: Sept 21-23 2008

ASPO-USA

The ASPO-USA 2008 World Oil Conference will be held in Sacramento California from Sept. 21-23, 2008...
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An Urgent Message from ASPO-USA ... For You, Your Children, Your Grandchildren

ASPO-USA

EIA Says Peak Oil is "decades away ... not years away." The EIA is a government agency...
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Order DVDs of the 2007 Houston World Oil Conference

Rick Block

DVDs of the ASPO-USA 2007 Houston World Oil Conference started shipping January 18th, about...
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    The WSJ Article on a CERA Oil Decline Study

    Robert L. Hirsch

    (Note: Commentaries do not necessarily represent ASPO-USA's positions; they are personal...
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    CERA’s Depletion Study: The “Good News” About Running Up the Down Escalator

    Randy Udall and Steve Andrews

    Last week the Wall Street Journal ran an article on Cambridge Energy Research Associates’...
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    Another Articles
    Peak Oil Review -- February 11th, 2008

    Tom Whipple

    1. Production and Prices2. Peak Oil and Food3. South Africa's Power Shortage4. Nigeria5. Energy...
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    Peak Oil Review -- February 4th, 2008

    Tom Whipple

    1. Production and Prices2. The Next OPEC Meeting3. Troubles in China Continue4. Energy Briefs
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    Clean Energy Redemption?
    Written by Dave Cohen   
    Wednesday, 13 February 2008

    Industrial societies turn their citizens into image-junkies; it is the most irresistible form of mental pollution... Ultimately, having an experience becomes identical with taking a photograph of it.
        —Susan Sontag

    Eric Janszen, founder of iTulip, has caused quite a stir with his Harpers' article The Next Bubble: Priming the markets for tomorrow's big crash. Janszen's thesis is that the web and housing overvaluations were not an accident—the American economy must lurch from bubble to bubble to keep the "growth" party going, so another bout of irrational exuberance is required to make everything right now that the housing market has gone belly up.

     
    Wager Challenges CERA Oil Supply Prediction
    Written by ASPO-USA   
    Wednesday, 06 February 2008

    Peak Oil Score CardHOUSTON (Feb. 6, 2008) – A group of businessmen and energy experts who believe that global oil production will soon peak, plateau and decline has issued a $100,000 wager to Cambridge Energy Research Associates (CERA), a prominent oil forecasting group.  Members of the challenger group also renewed an invitation to hold a public debate on the issue of peak oil with CERA.

    The group is betting against CERA’s June 2007 forecast that world oil production capacity will reach 112 million barrels per day (mmb/d) by 2017, which extrapolates* to107 mmb/d of actual production, up from about 87 million barrels today. CERA will hold its annual conference in Houston next week.

     
    Some Q&A; about that $100,000 CERA Bet
    Written by Steve Andrews   
    Monday, 11 February 2008

    Some readers have been asking questions about the bet. Here, quickly, is a little more flesh for the bones of the CERA challenge.

    Why the bet?
    Back in this publication’s January 21* Commentary, Randy Udall and I explained our rationale for the bet. In a nutshell, we highlighted two facts. First, CERA calculated a world decline rate of 4.5%/year; that’s almost 4 million new barrels a day that have to be brought on line just to keep world production flat. Second, CERA then dodged the huge implications of that decline rate, arguing that “our model shows that liquids capacity could climb to 112 million barrels a day by 2017…” The disconnect here left us dumbstruck, hence the challenge.

     
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