Posts tagged “Long Recession”
Potential for Expansion of Global Oil Production
I, along with my editor Sam Avro, recently conducted a broad-ranging interview with John Hofmeister, former President of Shell Oil. The topics touched upon included future oil supplies and prices, climate change, U.S. energy policy, and topics familiar to R-Squared Energy readers such at Peak Lite and the Long Recession.
I will present this interview in a series of stories covering some of the various topics. In this first story, I will discuss Mr. Hofmeister’s detailed answer to the question, “What do you feel is the potential for expanding global oil production, and the time frames?”
Readers my recall that I have put forth a pair of hypothesis with respect to future oil production and prices. One is called Peak Lite. (See also: Five Misconceptions About Peak Oil)
Following last year’s ASPO conference, I was interviewed by Aaron Wissner of Local Future, which is a non-profit educational organization dedicated to issues of energy, the environment, and sustainability. Aaron just made that interview available, and instead of an R-Squared Energy TV episode this week, I thought I would share this interview with readers.
Among other things, we discuss:
- The reasons that I became interested in energy issues
- My Long Recession hypothesis
- The relationship between oil prices and recession
- The importance of taking control of your personal energy consumption
- Why lower oil consumption in the U.S. didn’t lead to lower oil prices
- The climate change challenge
I have just returned from the annual ASPO conference in Washington, D.C. This was only my 2nd ASPO conference; the first one I attended was in 2008 in Sacramento. There were many familiar faces; some of whom I had previously met and some I only knew by reputation. The mood seemed remarkably calmer than in 2008. That year, oil prices were just coming down from record highs, a pair of hurricanes were causing spot gasoline shortages, and the economy was headed into the toilet. The general mood was that things were rapidly unraveling. Three years later, the long-term outlook isn’t really any different, but I think some who predicted imminent doom are starting to change their views on how things… Continue»