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Energy / Crude Oil

Oil Production in the 21st Century and Peak Oil

Mar 27, 2012 at 18:00 | The Oil Drum

The Deepwater Horizon incident demonstrated that most of the oil left is deep offshore or in other locations difficult to reach. Moreover, to obtain the oil remaining in currently producing…

Cameroon, West Africa's Latest Oil Battleground

Mar 25, 2012 at 10:38 | John Daly

Sometimes it’s the obscure items about news reports that catch one’s eye. On 17 March a senior official of the Cameroon’s state-run National Hydrocarbons Corporation (SNH) told China’s Xinhua…

US May Hold Large Reserves of Shale Oil, but is it Economically Out of Reach?

Mar 22, 2012 at 18:19 | Post Carbon

There is a lot of talk recently that "tight oil" as found in North Dakota's Bakken and other shales in the Southwest will save America from stagnant global oil production…

Why Iran Believe they are Safe from Effects of Oil Sanctions

Mar 21, 2012 at 17:41 | Stuart Burns

After initial outrage, bluster and bravado, Iran appears to have come to terms with impending Western sanctions on the country’s oil and financial sector, to the point of saying they…

Iran's Oil Fields are in Rough Neighborhoods

Mar 20, 2012 at 17:59 | Daniel J. Graeber

Tehran this week said that if its "positive diplomacy" wasn't reciprocated by the Kuwaiti government, it would work to develop its section of a shared oil field alone. Tehran, OPEC's…

Why is Obama Lying About US Oil Reserves?

Mar 20, 2012 at 17:55 | MasterResource

“With only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices,” President Barack Obama said in his weekly address March 10. “Not when…

How Likely is a Blockade of the Strait of Hormuz?

Mar 20, 2012 at 17:31 | Ronald Stoeferle

The more and more explicit nuclear rhetoric and the threats of a blockade of the Strait of Hormuz may soon cause the conflict to escalate. We described two years ago…

Too Soon for DRC Oil?

Mar 19, 2012 at 16:54 | Daniel J. Graeber

Advocacy groups called on the newly-elected government of the Democratic Republic of Congo to change how its natural resources are managed. They say the DRC has an opportunity to erase…

Happy St. Patrick’s Day! Ireland Strikes Oil

Mar 19, 2012 at 16:49 | John Daly

After more than three and one half years of brutal recession that stopped the Celtic Tiger in its tracks, the Irish finally have something to celebrate. On 15 March…

Is it Time to Abandon the Oil Sands Debate?

Mar 18, 2012 at 09:27 | Daniel J. Graeber

Canada's natural resources minister told delegates at the International Energy Forum in Kuwait that his country was on the cusp of becoming an "energy superpower." Canada ranks No. 6 in…

Power Struggles at the Persian Gulf - is Another Gulf War Imminent?

Mar 16, 2012 at 17:58 | Ronald Stoeferle

Iran is currently the fifth-largest oil producer in the world, the second-largest producer in the OPEC, and the third-largest oil exporter worldwide. Of the total production of almost 3.5mn barrels/day,…

Tripoli Should Keep its Oil House in Order

Mar 11, 2012 at 12:27 | Daniel J. Graeber

OPEC in its monthly report for March notes a steady increase in Libyan oil production since the conflict began last year. Production for February, the cartel reports, was about 75…

US East Coast Faces Severe Oil Shortages and High Prices as Refineries Close

Mar 07, 2012 at 17:41 | Post Carbon

It has been six weeks since we last discussed the problems that could be in store for the U.S.'s East Coast due to closing of refineries in the Philadelphia area.…

Hunger Strike Planned Against Alberta Crude

Mar 01, 2012 at 17:50 | Daniel J. Graeber

Students and staff at an elementary school near the western coast of Canada announced plans to wage a hunger strike to raise awareness about plans for an oil pipeline from…

Cote d'Ivoire Look to Join the Oil Rich Neighborhood in West Africa

Mar 01, 2012 at 17:33 | John Daly

Cote d'Ivoire (“Ivory Coast” in English), is the world's largest producer and exporter of cocoa beans. What will the nation do with its newly discovered oil riches? Astronomers spend their…

GOP Should Claim Victory on Keystone XL

Feb 29, 2012 at 17:52 | Daniel J. Graeber

Canadian pipeline company TransCanada announced it was building a stand-alone section of the controversial Keystone XL oil pipeline to the southern coast of Texas. This in part addresses one of…

Some Valuable Remarks About Oil and Speculation

Feb 29, 2012 at 17:32 | Ferdinand E. Banks

Several nights ago I participated in a debate (arranged by Russia Today TV – 24-7 –  CrossTalk, and transmitted internationally in English) in which I pointed out – on several…

On Oil, Iraq Gets in its Own Way

Feb 21, 2012 at 17:09 | Daniel J. Graeber

The International Energy Agency announced it was set to review Iraq's energy sector as part of its World Energy Outlook for 2012. Last year, the IEA said Iraq was on…

Following Keystone Rejection Canada's Oil Sands Headed to China

Feb 21, 2012 at 17:07 | John Daly

Beginning in 2005, Congressional Republicans and the oil industry touted the 2,147 mile-long Keystone XL 830,000 barrel per day (bpd) pipeline, running from Canada’s Hardisty, Alberta oil sands to U.S.…

Why the Peak Oil Debate is Almost Over

Feb 21, 2012 at 17:04 | Kurt Cobb

Protestations in the mainstream media that we need not worry about a peak in the rate of world oil production anytime soon are suddenly coming fast and furious. As a…

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