OPEC Archives - munKNEE.com
Thursday , 26 November 2020

Tag Archives: OPEC

Crude Oil: How ‘Sweet’ it can be! (+2K Views)

Some people arbitrarily speak about oil as if it is a single, indistinguishably homogenous substance without any unique differentiation, but this is actually not the case at all! In fact, there are many different kinds of oil. Words: 1007

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Interested In What Oil Prices Will Be In 2013 – and Why? Then This Article Is For You

Economics will dictate that you can only build so much storage to avert a price drop from continual over-supply and, right now, the world produces more Oil than it consumes each day, and it has for the past 16 months. This trend will only get worse so expect prices to finally start to address this over-supply issue in the Oil markets in 2013. [Let me explain further.] Words: 1640

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Peak Oil: What a Farce! (2K Views)

It wasn't supposed to be this way. By now, Peak Oil was supposed to be a fact of daily life. People were supposed to be lined up at gas stations, struggling to buy US$10-a-gallon gas. Solar and wind companies were supposed to occupy prominent places on the Big Board instead of going out of business right and left. People were supposed to have diminished expectations – resigned to shivering in the dark. Free markets, a flawed system of commerce, were to be exposed as a misleading theoretical construct, incapable of providing for people's needs...The world was running out of resources...Now, suddenly, there is a different tale to tell and the New York Times is up to the task. Up and down the Americas, we learn, there is an Oil Boom. Suddenly, we have gone from enforced austerity to an unheralded plenty. Middle East, watch out! [But all is not as it seems. Let me explain.] Words: 1440

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4 Bombshell Reports Suggest: Peak Oil Now an Imminent Reality

Official recognition of the peak oil threat has been muted up until now, couched in warnings about "adequate investment" and blithe assertions that demand would soon peak, averting any supply shortage. All that seems to have changed in the last month with a sudden deluge of reports and summit meetings suggesting that the oil industry and energy officials are now taking peak oil very seriously indeed. Words: 990

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New Discoveries Insufficient to Avoid Peak Oil

The imbalance between oil demand and supply is likely to result in a decade long upward trajectory in energy prices, marked by volatility. The world is going to be running short of oil production in the not too distant future and these new discoveries don’t change that reality. Words: 2032

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