OPEC

- Lloyd's adds its voice to dire 'peak oil' warnings
- Emirates banker: Will oil be coal?
- India cuts gas subsidy in favor of greener investments?
- Peak oil postponed again

A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Deepwater Horizon
-China
-Quote of the week
-Briefs

Conventional crude production - Latest figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates decreased by 107,000 b/d from February to March 2010, resulting in total production of crude oil including lease condensates of 73.41 million b/d.

A midweekly roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon

As oil companies reported sharply increased profits this week, an estimated 5000 barrels of oil a day was spewing into the Gulf of Mexico following the explosion of the Deepwater Horizon oil rig. This ecological disaster comes just a month after President Obama gave the green light to expand drilling off the US coast, and while the timing of the disaster could hardly be worse for big oil's PR...

A weekly roundup of peak oil news, including:
-Prices and production
-Iraq
-Iran
-Power shortages
-Quote of the week
-Briefs

A weekly roundup of peak oil news, including:
-Prices and production
-Isolating Iran
-Defense turns pessimistic
-Energy stat of the week
-Briefs

“By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD.” Such is the summary not of ODAC, ITPOES or ASPO, but of the United States Joint Forces Command...

Concerns are mounting about peak oil, and there continues to be much debate over when the peak will be reached, whether a plateau can be sustained or whether the onset of decline would occur quickly, whether we will hit peak demand before we hit peak supply, etc.

A midweek roundup of peak oil news, including:
-Prices and production
-International Energy Agency

When I began writing about peak oil professionally in 2006, it was generally considered a tinfoil hat theory. The notion that oil production might peak around 2012, plus or minus, was only taken seriously by a few analysts who were considered extremely pessimistic.

-Drill, baby, drill: The myth of energy independence
-Obama to Open Offshore Areas to Oil Drilling for First Time
-Expect a new peak for oil next year
-So Much for Peak Demand... Try 134mb/d by 2030

At an International Energy Forum meeting in Cancun, Mexico, the world’s energy ministers and oil producers are trying to agree on ways to prevent oil price spikes in the immediate future – although at least one economist is predicting “triple-digit” oil later this year.

The world’s energy ministers are currently discussing a forecast of global oil supplies “peaking between 2020-2025.” The International Energy Forum is the world’s largest gathering of Energy Ministers, who collectively represent “more than 90 per cent of global oil and gas supply and demand.” It is meeting March 29 –31 at the Mexican resort of Cancun. It will be considering peak oil with a document titled Unpacking Uncertainty: Investment Issues in the Petroleum Sector, written by “strategic advisors” PFC Energy, chosen to give an impartial overview of the various oil supply claims.

Earlier this week, the UK Telegraph reported: Oil reserves 'exaggerated by one third'

The world's oil reserves have been exaggerated by up to a third, according to Sir David King, the Government's former chief scientist, who has warned of shortages and price spikes within years.