Category Archives: Peak Oil

Who’s Driving the Price of Oil Up?

I have to admit it: I’m a speculator. I own shares in the United States Oil Fund (USO). I even own call options on USO. Needless to say, I have made a nice return so far. You have probably heard that speculators are driving the price of oil up.  It’s all over the news. The recent run-ups have nothing to… Continue reading »

The Oil Price Widget

UPDATE: This widget no longer works. Please consider the Commodities Widget instead. Apple Mac OS X (version 10.4 and above) has this neat feature called dashboard. It lets tiny programs, called widgets, run as an overlay to your screen when you press ‘F12’. There are widgets that show the current time in any timezone, hurricane… Continue reading »

A (Very) Simple Oil Field

Assume and are the amount of oil in the ground and the production rate respectively. We model the behaviour of the oil field with a system of linear ordinary differential equations (ODEs). In clear text, this means that the amount of oil in the ground decreases by the amount produced, and the production capacity increases… Continue reading »