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Oil Moves Higher On Largest Crude Draw Since January

Oil Moves Higher On Largest Crude Draw Since January

Oil prices moved higher after…

Oil Investment Lags Jump In Crude Prices

Oil Investment Lags Jump In Crude Prices

Investment in new oil and…

Energy / Crude Oil

Big Oil is Paying

Jun 06, 2010 at 11:15 | Allen Gilmer

In 2006, when I wrote this, and culled directly from their 10K, ExxonMobil paid $30.7 billion in excise taxes, $41.6 billion in other "taxes and duties", and $59.4 billion in…

Middle East producers see more heavy oil in their future

Jun 05, 2010 at 06:08 | Darrell Delamaide

Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told.…

Our Unhealthy Addiction to Oil

Jun 01, 2010 at 07:50 | Robert Bryce

The Deepwater Horizon disaster in the Gulf of Mexico is providing barrels of new ammunition to pundits on both the Right and the Left who contend we have to end…

Canada’s Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says

May 24, 2010 at 15:03 | Darrell Delamaide

Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil…

Greenland Proceeds with Plans for Offshore Drilling in Arctic Waters

May 06, 2010 at 09:11 | Darrell Delamaide

While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in…

Gulf Oil Spill Threatens Halt to White House Offshore Drilling Plans

May 04, 2010 at 09:54 | Darrell Delamaide

The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the…

Where would we be without offshore oil?

May 03, 2010 at 12:20 | James Hamilton

As oil continues to pour into the Gulf of Mexico, I thought it might be helpful to review how we got where we are today. The graph below shows total…

Iran Storing Oil at Sea Due to Weak Demand

Apr 16, 2010 at 19:00 | Business Insider

Iran, the world's fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality,…

Chinese Purchase of Oil Sands Stake Could Revalue Resource

Apr 11, 2010 at 19:00 | Darrell Delamaide

The acquisition of a 9% stake in the Syncrude oil sands venture by China’s Sinopec for $4.65 billion – substantially more than expected – could pave the way for a…

Texas Acquisition Shows Shift of Gas Producers to Oil Investment

Apr 05, 2010 at 19:00 | Darrell Delamaide

SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to…

U.S. Decision on Offshore Drilling Holds Promise of Future Oil, Brings Immediate Debate

Apr 01, 2010 at 15:34 | Darrell Delamaide

President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…

EU Fuel Standards Become Latest Oil Sand Battlefield for Environmentalists

Mar 30, 2010 at 15:05 | Darrell Delamaide

The latest draft of European Union fuel standards appears to mark a lobbying victory for the Canadian oil industry because it drops tighter restrictions originally envisaged for crude oil derived…

Oil Sands Potential for Energy Security

Mar 19, 2010 at 19:14 | W.Jack Ford

The increasing use in the United States of gasoline, jet fuel and other petroleum products made from Canada’s oil sands has aroused opposition from Canadian and U. S. environmentalists equal…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 2)

Mar 17, 2010 at 15:11 | Dennis Edison

As T. Boone Pickens is touting, we could replace one-third of our dependence on oil within just a few years with natural gas if we would simply embrace the alternative.…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 1)

Mar 17, 2010 at 15:06 | Dennis Edison

If I may, I would like to rebut or add a little objectivity to the flood of “Peak Oil” articles circulating around. When I see another crisis looming in the…

U.S. Governors Seek "Onramp" to Pipeline for Booming Bakken Shale Output

Mar 04, 2010 at 13:41 | Darrell Delamaide

Governors of Montana and North Dakota met with TransCanada Corp. officials this week in an effort to convince the builder of a nearly 2,000-mile pipeline from Alberta to the…

Is the Shale Gas Revolution Coming to Europe? Should Russia be Concerned

Mar 02, 2010 at 16:21 | Business Insider

European shale-derived natural gas could become a reality far sooner, and in far larger quantities, than markets expect In a Securities and Exchange disclosure from last…

Growing Environmental Concerns on U.S. Shale Oil and Gas Projects

Feb 26, 2010 at 18:50 | Darrell Delamaide

Texas became the latest state to launch an environmental watchdog for energy development as a nonprofit group set its sights on the Barnett Shale drilling in the Dallas-Fort Worth area.…

Is the North Sea Oil Production Bonanza Approaching Twilight?

Feb 23, 2010 at 21:34 | Business Insider

The UK Department of Trade and Industry (Oil and Gas) and the Norwegian Petroleum Directorate have both published production forecasts showing increased oil production in the years 2007 and 2008.…

Kill American Oil & Gas ration Bans, Unlock $2.4 TrillionExplo

Feb 16, 2010 at 14:44 | Business Insider

A major moratorium on U.S. domestic oil and gas exploration expired in 2008, yet its extension is now being considered. Thing is, despite vigorous alternative energy…

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