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ConocoPhilips: Oil Demand Will Return And Grow

ConocoPhilips: Oil Demand Will Return And Grow

ConocoPhillips is the latest to…

Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021

Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021

Russia’s oil producer Gazprom Neft…

Energy / Crude Oil

What Aren't we Being Told About Peak Oil

Aug 18, 2011 at 08:06 | Fabius Maximus

Peak Oil will be one of the defining events of this century. Forecasts by professionals in energy-related fields fall in a large range between 2006 and 2025+, with most forecasts…

Why a Limited Supply of Cheap Oil is Pushing us Into Another Recession

Aug 15, 2011 at 09:25 | Gail Tverberg

People wonder what has been happening recently, with wildly gyrating financial markets and government debt problems. It seems to me that we are bumping up against an economic growth ceiling,…

Peak Oil: Grim Reality or Conspiracy Myth?

Aug 10, 2011 at 08:29 | John Daly

“The era of cheap oil is over and will never come back… Conventional oil peaked in 2006,” - Fatih Birol, International Energy Agency Chief Economist, 25 May 2011 There…

The Loss of Oil Hegemony in the West

Aug 08, 2011 at 07:39 | Andrew Smolski

This author put out an article on dollar supremacy, Jesters, Economics and American Dollar Supremacy, which showed some weak correlations between oil prices and said dollar supremacy. The article…

Promising Economic and Environmental Developments in Oil Sands Production

Aug 02, 2011 at 07:47 | Al Fin

Canadian oil sands producers are making progress on many fronts, to produce a cleaner and more environmentally friendly product, in ever greater quantities. Brian Wang discusses the N-Solv Process, and…

Will Less Oil Lead to Lower Standards of Living?

Jul 22, 2011 at 07:45 | Gail Tverberg

The amount of oil that is extracted from the ground each year has been close to flat since 2005, regardless of what has happened to price. Since world population has…

Our Oil Future may not be as Bleak as it Seems

Jul 22, 2011 at 07:38 | Brian Westenhaus

The wide-ranging Al Fin hit upon a graph that will stun the peak oil believers.  You’ll want to save this.  The flip side is it comes from the International Energy…

Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?

Jul 18, 2011 at 08:32 | John Daly

The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been…

The Relationship between Peak Oil and Peak Debt - Part 2

Jul 14, 2011 at 08:05 | Gail Tverberg

In Part 1 of this post, I pointed out that an economy is closely linked with the resources that underly it. Because of this, if there is really is a…

The Relationship Between Peak Oil and Peak Debt - Part 1

Jul 12, 2011 at 07:59 | Gail Tverberg

There is really a two-way link between peak oil and peak debt: 1. Peak oil tends to cause peak debt. Some will argue with me about this, because they believe…

South Sudan - The World's Newest, Fragile, Oil-Rich Petrostate

Jul 11, 2011 at 08:37 | John Daly

Saturday, 9 July saw an event unusual in global politics - the emergence of a large Christan black petrostate, 90 percent of whose inhabitants live below the poverty line on…

Ambush in the Oil Market

Jun 29, 2011 at 19:38 | Mad Hedge Fund Trader

The most significant development in the financial markets during my recent sojourns in Europe was the International Energy Agency’s shocking release of strategic petroleum reserves. Unprecedented during peacetime, the move…

Saudi Arabia Using Oil as an Economic Weapon Against Iran

Jun 28, 2011 at 07:40 | Energy Digital

Saudi Arabia fears Iran's pursuit of nuclear weapons, and may flood the market with its oil reserves to bankrupt Tehran Saudi Arabia and Iran have been in a bitter dispute…

Releasing Oil From the SPR - A Desperate Economic Fix as QE2 Comes to an End?

Jun 27, 2011 at 08:29 | Gail Tverberg

The International Energy Association (IEA) announced a plan on Thursday last week to make 60 million barrels of oil available to the market over the next month from the Strategic Petroleum…

What is Obama Trying to Achieve with Thursday’s Shocking Oil Announcement?

Jun 25, 2011 at 08:57 | Bruce Krasting

I’m surprised by the move by the President and the IEA. What’s this about? Is it about the price of oil? Before the announcement WTI was sitting around 95. That’s…

Oil Recovery Techniques: Using Microbes to Recover Trapped Oil

Jun 14, 2011 at 08:34 | Brian Westenhaus

The financial crisis of 2008 and the high gasoline prices that have haunted consumers since has the Peak Oil debate pressuring enhanced oil recovery. Today there are many countries talking…

Rapidly Increasing Chinese Oil Demand

Jun 14, 2011 at 08:24 | James Hamilton

Stuart Staniford notes that the number of trucks and passenger vehicles in China has been growing at about 23% each year.

Peak Oil and our Uncertain Future

Jun 13, 2011 at 07:04 | Post Carbon

The world is beginning to look a lot like the August of 1914 or perhaps the summer of 1939 all over again. This time instead of the great powers of…

Just How Significant is the OPEC Announcement?

Jun 10, 2011 at 07:23 | James Hamilton

The Organization of Petroleum Exporting Countries (OPEC)  announced on Tuesday that its members could not reach an agreement to change OPEC's production quotas. How significant is that announcement? In…

Global Oil Reserves Increase by 6.6 Billion Barrels in 2010

Jun 10, 2011 at 07:20 | Al Fin

In the absence of replenishment by successful exploration or reserves growth, so-called 'reserves replacement', proved reserves would tend to decline over time as production depleted the existing reserve base. However,…

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