Oil Politics

What should Qatar do?

The list of demands sent to Qatar is steep, but there needs to be a negotiated outcome, this situation, even if it doesn’t escalate to a full-scale blockade or even any kind of military clash, is going to hurt stability in the region
Gustavo de Aristegui 

Fallacy of Peak Oil

Since the peak of June 2014, the price of oil has plummetted by about 70%. At the time when the price was in the vicinity of $140 per barrel, no one really believed it could ever come down. So-called oil experts talked about “peak oil” theory and how the petroleum reserves were dwindling and so the price of oil would never fall below $100 per barrel. Think-tanks that put out regular updates scared people by saying a barrel of Brent crude could cost about $200. This was a scary scenario for consumers, but music to those economies that live off commodities.