Stories tagged with "whale oil"

Oil Prices Below $40 per Barrel

Posted by Luis de Sousa on December 16, 2008 - 10:34am in The Oil Drum: Europe
Topic: Economics/Finance
Tags: credit crunch, housing market, ken deffeyes, oil prices, queueing theory, whale oil [list all tags]


Oil prices under forty dollars per barrel? It can't be true.



Yes it is true, oil prices are back to where they were more than four years ago. Time for a few thoughts on these past years and what led to apparently dissonant energy prices.

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Crude Oil: how high can it go? (19th century whaling as a model for oil depletion and price volatility)

Posted by Ugo Bardi on May 15, 2008 - 9:59am in The Oil Drum: Europe
Topic: Alternative energy
Tags: gaussian, hubbert curve, oil, oil prices, peak oil, whale oil [list all tags]

19th century whaling is today one of the best examples we have of a complete cycle of exploitation of a natural resource.




The production curves of whale oil and whale bone in the United States in 19th century (from "History of the American whale fishery" by A. Starbuck, 1878). Both show a clear bell shaped Hubbert's curve. Click to enlarge.

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