March 2008

Columns

HPIn Europe: Reluctantly hauling aboard the peak oil train

BP's volte-face investment in oil sands, Shell's ominous allusions to a decline in gas, all this emperor's clothes nonsense in Alberta, supermajor share buybacks and the rise of the financial players ..

Wright, Tim L., Hydrocarbon Processing Staff

BP's volte-face investment in oil sands, Shell's ominous allusions to a decline in gas, all this emperor's clothes nonsense in Alberta, supermajor share buybacks and the rise of the financial players on the Nymex and ICE: At some point there are so many small warning lights glowing and buzzers ringing that you just throw your hands in the air. It's enough to make you join the peak oil bandwagon. Reluctantly, I've heaved myself aboard. Why am I so loathe to write that here? Well, which trade journalist—or oil company staffer, for that matter—wants the emotionally charged response that the very mention of the words "peak oil" generates in some quarters of our industry? One who has

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