Tagged: Oil prices

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Oil prices are going down. Wait, what ?

This was my reaction when I saw oil prices drop recently to levels below $90. Not long ago they were indeed more around $110 than anything else. Lucky for us Thomas L Friedman from...

Oil prices reach 114 USD a barrel 0

Oil prices reach 114 USD a barrel

Oops, we did it again. Oil prices are again on the rise and reached recently $114 a barrel. This is their highest levels since 2008. Fears of current events in Iraq are explaining this....

Is Peak Oil real ? Yes, and it is here 0

Is Peak Oil real ? Yes, and it is here

With shale oil and other extreme oil sources, many think peak oil is dead, or at least is not threatening our economies. But this couldn’t be more wrong. The historic average  oil prices are...

A primer on our current energy predicament 0

A primer on our current energy predicament

Years ago I was often reading The Oil Drum, a great website dedicated to oil and other energy issues. Years later, the website still provides great content and I am glad to have read...

Oil prices : from a recession to another 0

Oil prices : from a recession to another

To the prestigious International Energy Agency :” If oil averages USD 120 per barrel in 2012, the global oil import burden  is set to reach a record high of over USD 2 trillion, or...

Could oil prices increase exponentionally ? 4

Could oil prices increase exponentionally ?

This is the question as we are breaking record high prices. To Reuters: ” Brent oil priced in euros hit a record high on Thursday on heightened tension between Iran and the West while...