The Economics of an Integrated World Oil Market

By William Nordhaus / Yale University / Keynote Address @ International Energy Workshop in Venice, Italy June 17-19, 2009 

http://nordhaus.econ.yale.edu/documents/iew_052909.pdf

Daniel Yergin: Global Oil Market facing a sea change (itw)

© Wall Street Journal / 2-25-2011

World oil: market or mayhem?

By James Smith / Journal of Economic Perspectives / Summer 2009

http://web.mit.edu/ceepr/www/publications/reprints/Reprint_214_WC.pdf

Iran sees the global market as oversupplied

Iran sees the global oil market as oversupplied, despite prices that have been pushed up by upheaval in the Middle East, its OPEC governor was quoted as saying in a newspaper published on Saturday.

“Not only is there not a shortage of supply in the oil market but there is 1 million barrels (per day) of excess supply,” Mohammad Ali Khatibi told Sharq daily in an interview.

He also warned that prices would continue to increase if the Libyan crisis persists.

© Reuters / 04-10-2011

Wikileaks: Saudi Arabia's production will never reach 12m bcd

The US fears that Saudi Arabia, the world's largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.

The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.

Oil may run out by 2060 - HSBC global research report

HSBC does not mean to scare you in its latest report, but it does point out that we are facing a massive energy crunch. That’s because the bank is just not optimistic there is much oil left  in the world – in fact a mere 49 years of the black gold on current consumption levels.

Global Market stability - Die Bundeswehr's perspectives

A study by a German military think tank has analyzed how "peak oil" might change the global economy. The internal draft document -- leaked on the Internet -- shows for the first time how carefully the German government has considered a potential energy crisis.