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Energy / Crude Oil

World Oil Production – A Look Ahead

Dec 28, 2010 at 10:40 | Gail Tverberg

If we look at a graph of historical world oil production, we see a somewhat bumpy production pattern with two major price spikes (in 2009 $)–one peaking in 1981 and…

Huge Amount of Oil Available, But…

Dec 26, 2010 at 09:45 | Gail Tverberg

There is a huge amount of oil which theoretically can be extracted, but the question is whether the cost will be cheap enough for us to be able to afford…

Why Peak Oil Matters

Dec 21, 2010 at 10:55 | The Oil Drum

It is easy to become befuddled by the current discourse on peak oil. Peak oil is defined generally as the point at which the flow rate of oil to society…

A Look at Oil Company Subsidies

Dec 02, 2010 at 19:41 | Robert Rapier

Following my recent essay on the elimination of the VEETC, the major ethanol subsidy in the U.S., some ethanol supporters argued for continuing the subsidies because oil companies receive…

A Detailed Look at the Middle East OPEC Oil Reserves

Dec 01, 2010 at 11:31 | The Oil Drum

According to the BP statistical review of world energy 2010, the big six Middle East OPEC oil producers (Saudi Arabia, Iran, Iraq, Kuwait, Unite Arab Emirates (UAE) and Qatar)…

CO2 Being Used to Increase Oil Extraction

Dec 01, 2010 at 11:07 | Brian Westenhaus

Researchers have developed a soap-like additive for CO2 that turns it into a viable solvent for commercial-scale enhanced oil recovery to increase the amount of crude oil that can be…

The Next Big American Oil Resource Plays

Nov 22, 2010 at 10:49 | Brian Westenhaus

The rapidly getting famous Bakken Shale of the Williston Basin that stretches across a large portion of central North America is what most people consider as the latest great American…

Oil Will Run Out Before Replacements are Ready

Nov 19, 2010 at 08:31 | Brian Westenhaus

So says UC Davis Professor of Civil and Environmental Engineering Debbie Niemeier in a forecast that published on Nov. 8 in the journal Environmental Science & Technology. Sound nuts? …

Oil Demand in the West to Decline, According to the IEA

Nov 18, 2010 at 13:52 | The Oil Drum

For those addicted to more roads, airports and the sweet smell of gasoline, the IEA's 2010 World Energy Outlook includes some pretty sober reading. As they did in last year's…

Why I Wrote Prelude, a Peak Oil Novel

Nov 16, 2010 at 08:10 | Kurt Cobb

Every culture lives by its narratives. And, these narratives come to us not just in the form of novels, plays, movies and television shows. They also come in the form…

Regenerative Agriculture in a Peak Oil World

Nov 11, 2010 at 11:28 | Professor Chris Rhodes

In the face of peak oil and in order to curb carbon emissions, methods of farming that depend less on oil and natural gas, respectively to run machinery and to…

Why the Age of Oil May Soon End Even Though It Has Only Just Begun

Nov 10, 2010 at 11:56 | Al Fin

Petroleum is thought to have originated mainly from the remains of sediments of photosynthetic organisms which sedimented from ancient seas, and were heated and compressed by geological processes. Assuming that…

Proven Oil Reserves Will Continue to Increase With Time

Nov 02, 2010 at 13:17 | Al Fin

Proved oil reserves at the end of 2008 are estimated to have been 1258.0 thousand million (billion) barrels. That represented an increase of 17.7% over the 1997 figure of 1068.5…

Is Peak Oil Slowly Fading into the Dawn?

Oct 27, 2010 at 10:43 | Al Fin

Peak oil has taken on the trappings of an apocalyptic religion recently. True believers tout "Hubbert Curves" and "Simmons Depletion Analyses" in circular jerkulars and echo choruses across the webosphere.…

Oil and Empire: The Great Game of Geopolitics

Oct 22, 2010 at 10:00 | Charles Hugh Smith

The Great Game is afoot and no matter how we may disapprove of the Global Empire, we would be wise not to discount the cards it alone holds. Geopolitics is…

The True Cost of Oil

Oct 21, 2010 at 08:28 | Mad Hedge Fund Trader

I received some questions last week on my recent solar pieces as to whether I minded paying more money for “green” power. My answer is “hell no,” and I’ll tell…

The Age of Easy Oil is Not Over

Oct 21, 2010 at 08:19 | Al Fin

The oil minister of Saudi Arabia says that the nation's oil fields still have plenty of cheap and easy crude yet to be pumped. Saudi Arabia's and the world's largest…

Venezuela to Supply Belarus With 30 Million Tons of Oil

Oct 20, 2010 at 08:22 | Bruce Pannier

Venezuelan President Hugo Chavez visited Belarus on October 16 promising President Alyaksandr Lukashenka that Venezuela could fill Belarus's oil refineries "for the next 200 years." The Venezuelan leader, whose policies…

The Coming Boom in Oil Shale

Oct 18, 2010 at 08:45 | Al Fin

The US is sitting on more reserves of oil-equivalent than is likely to be found in the entire Persian Gulf. Under the Obama regime that is all the US will…

The Gold Rush in Iraq

Oct 17, 2010 at 10:05 | Mad Hedge Fund Trader

There is a Gold Rush Underway in Iraq, with major implications for the rest of us. The success of the recent oil auctions in Iraq is creating a windfall for…

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