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Energy / Crude Oil

Afghan Optimism Ignores History

Jul 19, 2012 at 18:02 | Daniel J. Graeber

International oil companies from the likes of Exxon Mobil and India's ONGC Videsh are among the majors setting their sights on an October deadline to submit bids to the…

What Level of Oil Supply Growth is Needed to Support World GDP Growth?

Jul 19, 2012 at 17:57 | Gail Tverberg

A few days ago, I showed the close relationship between growth in world oil consumption and growth in world GDP. In this post, I will extend that analysis by…

Looking at Leonardi Maugeri's Views on Peak Oil

Jul 19, 2012 at 17:44 | James Hamilton

Carpe Diem, Reuters, FTalphaville, and WhaleOil are among those calling attention to a new paper by Leonardo Maugeri, senior manager for the…

India - Afghanistan's Major Post 2012 Energy Investor?

Jul 18, 2012 at 18:54 | John Daly

An “if” – a major “if,” in fact, is whether Afghanistan will achieve sufficient political stability following the withdrawal of foreign military forces in 2014 to begin economic development.

Nigeria's Oil Shifts to Smaller Players

Jul 18, 2012 at 18:47 | Charles Kennedy

After five years of stalled negotiations, a bill overhauling Nigeria’s oil industry has finally won cabinet approval and if it makes it beyond the president’s office and through parliament, it…

What the Future Holds for Saudi Arabia's Oil

Jul 18, 2012 at 18:40 | Dave Summers

Saudi Aramco has stated that it designs the well layouts and extraction patterns from its oil fields so that they effectively decline at a rate of 2% per year.*…

Fragile, but Comfortable, Oil Market Expected

Jul 16, 2012 at 17:26 | Daniel J. Graeber

The Organization of Petroleum Exporting Countries described the global economy as "subdued" and "fragile," predicting no immediate recovery in 2013. World oil demand is forecast to grow modestly as the…

Northern Gateway Pipeline at Risk as Enbridge Faces the Flack over Oil Spill

Jul 16, 2012 at 17:23 | John Daly

As the presidential campaign ramps up, Republican heir apparent Mitt Romney is being torn between advisors that want to make Obamacare the centrepiece of the campaign, and those that want…

Looming Peak Oil Crisis Means Economic Growth of the Past is not Possible

Jul 13, 2012 at 17:12 | Post Carbon

One has to go back to the 1930's to find a time when so much of civilization was in turmoil at once. The 30's ended with World War II, tens…

How Shale and Tight Oil Have Changed the Look of US Oil Production

Jul 12, 2012 at 17:29 | James Hamilton

Since 2005, the "total oil supply" for the United States as reported by the Energy Information Administration increased by 2.2 million barrels per day. Of this, 1.3 mb/d, or…

Caspian Sea Oil Dispute Flairs Up Again Between Azerbaijan & Turkmenistan

Jul 12, 2012 at 17:17 | Eurasianet

Azerbaijan and Turkmenistan are at it again, feuding over a lucrative patch of the Caspian Sea. Russia would likely be the chief beneficiary of Caspian discord, if it continues.

A Critical Appraisal of Leonardo Maugeri's Decline Rate Assumptions

Jul 10, 2012 at 16:25 | The Oil Drum

This is a guest post by Stephen Sorrell, senior lecturer Science and Technology Policy Research, Sussex Energy Group, and lead author of the UKERC Global Oil Depletion report, and Christophe…

Changing the Definition of 'Oil' to Make the Figures Look Better

Jul 09, 2012 at 16:34 | Kurt Cobb

Everyone knows that world oil production has been running between 88 and 89 million barrels per day (mbpd) this year because government, industry and media sources tell us so.…

What Does the Future Hold for OPEC?

Jul 06, 2012 at 16:54 | Brian Westenhaus

We’re coming up on 40 years of OPEC trying to set the price of oil as high as they can manage.  The oil market is finally at a turning point,…

Oil-Drilling Trade-Offs: Keystone for Alaska

Jul 02, 2012 at 16:19 | Charles Kennedy

The Obama administration so far has stymied big oil’s efforts to move on the controversial Keystone XL pipeline, but the trade-off is a sure victory for Shell in the Alaskan…

Hedge your Bets in the Peak Oil Debate

Jul 02, 2012 at 15:40 | Post Carbon

There is nothing but “Sad News for Peak Oil Disciples” these days, according to the Financial Post.The latest example: Leonardo Maugeri, a fellow in the Geopolitics of Energy…

Weaning off Middle East Oil Means Less Than you Think

Jun 29, 2012 at 16:25 | Charles Kennedy

One expects the crazy talk to come out during an election season, but reports that the US is close to being weaned off Middle Eastern oil and set to become…

Little Protection Forecast from U.S. Oil Boom

Jun 28, 2012 at 17:19 | Daniel J. Graeber

When crude oil prices settled above $100 per barrel during the first quarter this year, the International Energy Agency noted that psychological risks were infused into oil markets. Tehran, at…

Whatever Happened to the Keystone XL Pipeline?

Jun 27, 2012 at 16:40 | Charles Kennedy

Four and a half years of studies and five failed votes in the House later, exactly where are we with the Keystone XL pipeline? Stuck on the US-Canadian border where…

No Dark Clouds on Oil Horizon

Jun 26, 2012 at 16:18 | Daniel J. Graeber

The U.S. Department of Energy predicted that OPEC will remain in relatively the same position in terms of market share at least through 2035. In terms of the pricing, the…

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