Oil Trends Blog

Although we continue to maintain that the world is in no immediate danger of suffering oil shortages, it is clear that world wide oil production will eventually peak.
The following bell shaped graph based on the technical analysis by the association for the Study of Peak Oil and Gas (ASPO) shows we are reaching a production [...]

Much political discussion has addressed the fact that oil companies have not been drilling for oil on leases they presently have available. Despite the efforts of many politicians, such as, Sarah Palin who consistently urge companies to “drill baby drill” there has not been a significant move to drill on these leases.
As we have noted [...]