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Energy

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Peak Oil and Limits of the Hubbert Model

Jan 18, 2011 at 08:40 | The Oil Drum

The Hubbert model says that, within a reasonably large region, oil production should follow a bell shaped curve. When the model is applied to worldwide oil production, the maximum level…

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2010 Crude Oil: 50 Billion Barrels Discovered, 30 Billion Barrels Used

Jan 18, 2011 at 08:16 | Al Fin

With the price of oil hovering above $70 a barrel for over a year -- and around $90 a barrel for several weeks -- oil exploration companies can get to…

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“Energy Man” Now Defines Modern Society, and Strategic Planning Must Reflect This

Jan 17, 2011 at 08:59 | Gregory R. Copley

Energy has now become literally a component, an organ, of the human being in modern society. Energy dependence/capability — now a fundamental trait of modern human logic and survival…

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Rising Oil Prices and Municipal Bond Defaults

Jan 17, 2011 at 08:43 | Gail Tverberg

I have written quite often saying that rising oil prices can be expected to lead to debt defaults. For a while, some of this was hidden through lower oil prices…

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Venezuela’s Oil Industry Hurting Despite Huge Reserves

Jan 17, 2011 at 08:33 | Al Fin

Jorge Pinon, an energy expert at Florida International University in Miami, said that Venezuela's state oil company has suffered from a lack of adequate technology and investment, hurting oil output…

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Oil Shale Mining and Research Picking Up Steam

Jan 15, 2011 at 09:04 | Al Fin

Estonia's largest oil shale mining company, Eesti Energia, reported the largest oil shale production figures in 18 years for 2010 - 17 million tons, up 3 million tons from the…

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Declining Crude Oil Production and Incorrect Energy Data

Jan 14, 2011 at 10:09 | The Oil Drum

The dramatic fall of Mexican oil production, and its largest field Cantarell, is often cited as a signature example of the problems facing Non-OPEC supply. Since the production highs of…

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Who, How and Why: $140 Oil and $5 Gas

Jan 13, 2011 at 13:32 | Llewellyn King

According to a loosely-organized apocalyptic Christian movement, May 21, 2011 will be the "end of days."  On or about that same date, the price of oil in the United States…

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EU Officials in Visit to Azerbaijan to Secure Natural Gas Supplies

Jan 13, 2011 at 13:27 | RFE/RL staff

Top European Union officials, including European Commission President Jose Manuel Barroso and Energy Commissioner Guenther Oettinger, are due to open a visit to Azerbaijan today as part of efforts to…

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Investors Beware: Hidden Dangers of Increasing U.S. Dependence on Canadian Oil Sands

Jan 13, 2011 at 08:06 | Ed Dolan

Canada is the biggest supplier of oil imports to the United States. Increasingly, those imports come from its vast reserves of oil sands. Is the growing U.S. dependence on Canadian…

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