Oil Surplus Over, Says Energy Author
Paul Roberts, an energy writer for Harper’s magazine and author of “The End of Oil: On the Edge of a Perilous New World,” warns in the Los Angeles Times, as reported in the Calstart e-mail newsletter, that the days of cheap oil are gone.
LOS ANGELES – Paul Roberts, an energy writer for Harper’s magazine and author of The End of Oil: On the Edge of a Perilous New World, warns in the Los Angeles Times, as reported in the Calstart e-mail newsletter, that the days of cheap oil are gone. Oil prices are at $38 a barrel, or about $15 above the two-decade average. Some forecasters now offer a far less sanguine prognosis: not only will oil stay high through 2005, but the days of cheap crude are history. In the Times article, Roberts says a 25-year oil boom is ending, a boom touched off by the oil shocks of the 1970s, which stimulated exploration and production. Oil companies and oil-rich states drilled thousands of new wells, built massive pipelines, developed new exploration and production technologies and generally expanded their capacity to find and pump oil. This surge in capacity eventually brought prices down and helped buffer consumers from subsequent oil crises. Surplus capacity helps explain why oil prices since 1982 have averaged just $22 a barrel. Now, the world's surplus capacity is disappearing. Even as the industry worries about supply, global demand is growing far faster than predicted — largely because China's economy has outpaced even Beijing's expectations.
More Operations

How Government Fleets Are Turning Connected Vehicle Data Into Practical Decisions
Public sector fleets are using connected technology to improve visibility, but the bigger challenge is building the processes to act on the information it provides.
Read More →
RoadFlex Brings Fuel Tax Compliance and Audit-Ready Reporting to Government, Public Works Fleets
New capabilities aim to help public-sector and public works fleets streamline fuel tax exemptions, reclamation, reconciliation, and audit-ready reporting.
Read More →
2026 Public Fleet Hall of Fame Inductees Honored
This year's class includes leaders whose work has helped shape the public fleet industry.
Read More →
David Renschler Receives 2026 Legendary Lifetime Achievement Award
Andy Campbell of Sourcewell, which partnered with Government Fleet in presenting the award, recognized Renschler.
Read More →
Ross Jackson Jr. Named 2026 Public Sector Fleet Manager of the Year
His leadership, innovation, and commitment to excellence earned him one of the industry's top honors.
Read More →
Public Fleet Professionals Set to Converge as GFX Gets Underway
Known as the largest gathering of public fleet professionals in the nation, GFX will feature in-depth training sessions, emerging fleet technologies, and access to leading suppliers and service providers.
Read More →
The Technician Pipeline: Finding, Keeping, and Promoting Techs Within the Operation
A look at where to find good talent, what fleets are doing to incentivize those techs to stay within the fleet, and what promotion looks like for a technician within the public sector.
Read More →
5 Public Fleet Stories Worth Revisiting Before GFX | The May Dispatch
Public fleet leaders are being asked to prepare for more, communicate better, and make decisions that hold up under pressure.
Read More →
Drive More Profit with Greater Fleet Uptime
Fleet downtime costs money. JASPER helps keep vehicles on the road with quality remanufactured components, fast nationwide delivery, and reliable solutions that boost uptime and profitability.
Read More →Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →


