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Energy / Crude Oil

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Former IEA Oil Expert: Oil Production Could Begin to Decline in 2015

Jan 09, 2012 at 08:08 | The Oil Drum

The following interview is a guest post by Matthieu Auzanneau, a freelance journalist living in Paris. This article previously appeared in Le Monde.Olivier Rech developed petroleum scenarios for…

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How Will Peak Oil Fare in 2012

Jan 09, 2012 at 08:00 | Post Carbon

The returns are in and we now know that world price of a barrel of oil averaged $111 in 2011. This was up 14 percent from last year and well…

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Nigeria Ends Fuel Subsidies in Face of Protest Threats

Jan 02, 2012 at 17:10 | John Daly

In a nasty New Year’s Day present to his fellow Nigerians, President Goodluck Jonathan directed his administration to end fuel subsidies, effective immediately. Petroleum Products Pricing Regulatory Agency issued a…

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U.S. Net Exporter of Petroleum Products - A Look at the Numbers

Dec 29, 2011 at 09:03 | James Hamilton

One big story of 2011 was the United States switched from being a net importer to a net exporter of petroleum products. Here are the details behind that development. The…

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Massive Oil Field Discovered in the North Sea

Dec 28, 2011 at 15:24 | The Oil Drum

With relatively little fanfare on the international stage, Lundin Petroleum and Statoil (and partners) have just recently jointly discovered one of the largest oil fields ever found in the North…

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The Falklands - Is There Oil?

Dec 23, 2011 at 20:48 | John Daly

On 13 December British-based oil and gas exploration company Rockhopper Exploration Plc announced that a new well proved its Sea Lion field 80 miles off the Falklands coast is bigger…

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A Severe Decrease in Oil Supply Could Devastate the World Population

Dec 19, 2011 at 19:30 | Professor Chris Rhodes

The ownership of the largest deposits of oil, notably in the former U.S.S.R., e.g. Siberia and Kazakhstan and the Caspian region generally, in addition to the fields in the Middle…

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A Sobering Look at the Bakken Oil Boom

Dec 15, 2011 at 17:49 | The Oil Drum

“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.” Aldous HuxleyIn 2009,…

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North Dakota's Bakken Oil Fields go from Strength to Strength

Dec 08, 2011 at 17:22 | Mark J. Perry

The "Economic Miracle State" of North Dakota pumped another record amount of oil during the month of October, producing more than 15 million total barrels in a single month for…

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Is Saudi Arabia Heading for a Downfall?

Dec 06, 2011 at 18:08 | Gail Tverberg

Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point,…

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