Peak Oil Watch

Our biggest concern today at Sprott Asset Management Inc. (SAM) is Peak Oil. It has been an ever-growing issue and intense topic of discussion and analysis at SAM for the past two years. This pending problem in energy led us to launch the Sprott Energy Fund in April of last year. We believe that the Peak Oil problem is severely underestimated by the world today and will ultimately lead to a global energy crisis.

This page has been created in an effort to monitor and share with our readers various items of interest regarding the likelihood of Peak Oil. As we continue to uncover important data points that help make a case for peak oil, we will post references to them on this page.

For a more complete understanding of our views regarding Peak Oil and why we are bullish on energy, please refer to the various articles found here.

IEA Cuts Oil Supply Estimates, Puts Strain on OPEC (Update1) - Bloomberg (8/11/2005)
Free screening of oil depletion film - AzDailySun (8/10/2005)
Is Iraq war fuelling GCC's economic boom? - Aljazeera (8/12/2005)
`Pressure cooker' situation for oil - Business Line (8/11/2005)
Crude Oil, Gasoline Jump to Records Amid Rising Fuel Demand  - Bloomberg (8/11/2005)
Oil surges to record $65 a barrel - Reuters (8/11/2005)
Highlights of the latest OMR - Oil Market Report (8/11/2005)
Quest for an alternative car fuel continues - Scotsman.com (8/10/2005)
What happens when oil does peak? - 321Energy (8/13/2005)
Economy feels pressure from costly oil - BBC News (8/9/2005)
"What is Peak Oil?" (Part 2) - Peak Oil NYC (8/8/2005)
Today on Canada's Business Report...Matthew Simmons Talks about Peak Oil - CNW Group (8/9/2005)
World may have to live with oil at $60 - The Indian Express (8/9/2005)
Update 18: Crude Oil Prices Approach $64 Per Barrel  - Forbes.com (8/8/2005)
No relief in sight as gasoline prices set another record - The Globe and Mail (8/9/2005)
Not enough “fuel” for China’s economic expansion - AsiaNews.it (8/8/2005)
OPEC member Indonesia to be net oil importer this year - Market Watch (8/9/2005)
Oil futures lower on profit-taking, but overall upward trend continues - Forbes.com (8/9/2005)
Official: Assam Oil Production 'Critical' - Business Week (8/8/2005)
How Much New US Oil? Not A Lot - The Christian Science Monitor (8/8/2005)
OPEC to Increase Production - The Herald Sun (8/8/2005)
Gas Costs Skyrocket At Metro Pumps - The Detroit News (8/9/2005)
Increased Production of UK Oil and Gas Fuels Turnaround Talk - Edinburgh News (8/9/2005)
Oil Drives Up UK Productions Costs - BBC News (8/8/2005)
Letter from Chairman & CEO of Chevron Corporation David J. O’Reilly – Business Week (8/2005)
Crude Oil Rises to a Record on Sustained U.S. Economic Growth – Bloomberg (8/8/2005)
Oil and Gas Prices Hit Records Following Trouble at Refineries – Wall Street Journal (8/8/2005)
Oil Prices Peak on Saudi Threat – BBC News (8/8/2005)
Crude Prices Move Higher on Refinery Fears – FT (8/5/2005)
Fears Over Future Energy Sources – BBC News (8/05/2005)
Big Oil Warns of Coming Energy Crunch – FT (8/4/2005)
Oil Prices Imperil Indonesia’s Gains in Economic Arena – WSJ (8/4/2005)
Crude Oil Gains on Concern Fuel Demand May Exceed Production – Bloomberg (8/4/2005)
OPEC Crude Oil Output at Highest Since 1979 – Fox News (8/4/2005)
Iran Sees Oil Prices at $70 a barrel – rediff.com (8/3/2005)
Pemex sees steady '06 oil output despite Cantarell – Reuters (8/3/2005)
Russian 7 mths oil output up 2.7 pct, gas output up 0.9 pct – Forbes (8/3/2005)
FOCUS: Abrupt Drop In Norway Oil Output Seen As Temporary – Schlumberger (8/3/2005)
China sees 2005 crude oil demand up 6% - SignonSanDiego.com (8/2/2005)
EIA's Cook Sees Stronger Oil Demand Than Data Show – Schlumberger (8/2/2005)
Oil firms near record on supply fears – Reuters (8/2/2005)
Venezuela Co. Reveals Oil Output Shortfall – Forbes (8/1/2005)
Ten die, hundreds rescued in Indian oil rig fire – stuff.co (7/29/2005)
Shell's woes mount as it admits cost overruns and delays – Times (7/29/2005)
BP shuts in 120,000 bpd North Sea oil output – Reuters (7/29/2005)
Indonesia: State-owned oil company on the brink of crisis – Asia News (7/29/2005)
RI`OIL TO RUN OUT IN NEXT 15 YEARS: PRESIDENT YUDHOYONO SAYS – Antara News (7/28/2005)
PetroKazakhstan profit up, mum on takeover talk – Reuters (7/28/2005)
Repsol sees continued fall in oil production – Reuters (7/28/05)
Exxon Mobil Corporation Announces Estimated Second Quarter 2005 Results – ExxonMobil (7/28/2005)
Many casualties feared in oil rig blaze – IOL (7/27/2005)
BP cuts production by 3.5% during 2005's second quarter – RIA Novosti (7/27/2005)
Chevron Speaks Up on Energy Depletion – RedNova (7/27/2005)
Iran needs foreign firms to stop oil depletion – Daily Times (7/27/2005)
EIA: US Oil Demand Growth Has Picked Up From Sluggish 1Q – Schlumberger (7/27/2005)
BP CEO: Thunder Horse 2005 Start "Unlikely" – Rigzone.com (7/26/2005)
Malaysia May Become Net Oil Importer – Forbes (7/23/2005)

Sprott Asset Management Inc. (SAM) is providing the reader with a compilation of international information about the issue of peak oil. These publications are solely the views and opinions of the author. The report should not be regarded by recipients as a substitute for the excercise of their own judgement.