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[stagnation] McKillop: it’s all about the resources - fiat money collapse will ...: In the same way that Peak Oil has ceased to be a ‘far out notion’ over recent years, in the same way that climate change has become a lot more than ‘credible’ over the last 5 – 10 years, continued and radical asset value change is sure and certain. Linkage between upstream commodity prices, and downstream equity values, as for previous and similar price growth in the energy and mineral commodities sector, can now be replicated in agro-commodities, that is initial close linkage becoming weaker, then disappearing as financial and economic crisis takes the driver’s seat.

 [Walash's Weblog] Will More Drilling Mean Cheaper Gas?: As previously noted, there is a strong incentive for serial development of the ANWR resource, starting with the largest fields first.  As shown in Table 1, the expected size of fields developed in each year through 2030 declines over time.  Based on the field size distributions provided for USGS for each of the resource cases, the expected target field in 2030 is estimated to contain 180 million barrels of recoverable oil in the low (most unfavorable) resource case and even more oil in the other two resource cases.  Based on recent development practice, oil fields smaller than 10 million barrels of recoverable oil that lie in close proximity to existing developed fields in Alaska were deemed desirable development targets even when crude oil prices were substantially below their current level.12 Oil fields of 180 million barrels in proximity to even larger developed fields within ANWR are likely to present attractive development opportunities even at prices well below today’s level.  Crude oil prices could be a significant factor in determining whether much smaller fields within ANWR would also be attractive to develop.  However, decisions regarding such smaller fields would most likely be taken sometime after 2030, affecting production levels only after such fields are actually brought on line.

Reflected tags on Technorati: Blog, Peak Oil, The Green Files