An IEA study released on 1 July says world oil supplies will likely remain stretched with little excess capacity through 2013. This does not bode well for consumer prices, as the cost of energy generally cascades into multiple sectors of the economy; The Wall Street Journal has the details [here][1]. [1]: http:/ ... Read Full Article

The IEA (the Paris based Independent Energy Agency) is in the middle of an across the board evaluation of the condition of the world's oil fields. The study results won't be released until November, but already, industry insiders and analysts are suggesting that the results may describe a much tighter world oil su ... Read Full Article

After Ian's post on the [Dollars Doom][1] a lengthy debate started on the subject. As part of that, our good friend Warner, suggested a reading list which I'm preserving for posterity here: [financialsense.com][2] [theoildrum.com][3] [lifeaftertheoilcrash.net][4] - Very well written assessment of the peak oil ... Read Full Article