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The Overlooked Factor That Could Derail The OPEC Deal

The Overlooked Factor That Could Derail The OPEC Deal

Growing geopolitical tensions have pushed…

Is OPEC’s Mission ‘’Accomplished’’?

Is OPEC’s Mission ‘’Accomplished’’?

OPEC has succeeded in reducing…

Energy / Crude Oil

U.S. Net Exporter of Petroleum Products - A Look at the Numbers

U.S. Net Exporter of Petroleum Products - A Look at the Numbers

Dec 29, 2011 at 09:03 | James Hamilton

One big story of 2011 was the United States switched from being a net importer to a net exporter of petroleum products. Here are the details behind that development. The…

Massive Oil Field Discovered in the North Sea

Massive Oil Field Discovered in the North Sea

Dec 28, 2011 at 15:24 | The Oil Drum

With relatively little fanfare on the international stage, Lundin Petroleum and Statoil (and partners) have just recently jointly discovered one of the largest oil fields ever found in the North…

The Falklands - Is There Oil?

The Falklands - Is There Oil?

Dec 23, 2011 at 20:48 | John Daly

On 13 December British-based oil and gas exploration company Rockhopper Exploration Plc announced that a new well proved its Sea Lion field 80 miles off the Falklands coast is bigger…

A Severe Decrease in Oil Supply Could Devastate the World Population

A Severe Decrease in Oil Supply Could Devastate the World Population

Dec 19, 2011 at 19:30 | Professor Chris Rhodes

The ownership of the largest deposits of oil, notably in the former U.S.S.R., e.g. Siberia and Kazakhstan and the Caspian region generally, in addition to the fields in the Middle…

A Sobering Look at the Bakken Oil Boom

A Sobering Look at the Bakken Oil Boom

Dec 15, 2011 at 17:49 | The Oil Drum

“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.” Aldous HuxleyIn 2009,…

North Dakota's Bakken Oil Fields go from Strength to Strength

North Dakota's Bakken Oil Fields go from Strength to Strength

Dec 08, 2011 at 17:22 | Mark J. Perry

The "Economic Miracle State" of North Dakota pumped another record amount of oil during the month of October, producing more than 15 million total barrels in a single month for…

Is Saudi Arabia Heading for a Downfall?

Is Saudi Arabia Heading for a Downfall?

Dec 06, 2011 at 18:08 | Gail Tverberg

Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point,…

Possible Implications of an Iranian Oil Embargo

Possible Implications of an Iranian Oil Embargo

Dec 06, 2011 at 17:57 | The Oil Drum

Does Thursday's announcement that the EU is considering to ban oil imports from Iran epitomise the draining of power from west to east? The big winners here will be…

The IEA's Dire Warnings on Peak Oil and the Desperate Need for Energy Innovation

The IEA's Dire Warnings on Peak Oil and the Desperate Need for Energy Innovation

Nov 23, 2011 at 17:40 | Post Carbon

Last week the International Energy Agency released its annual report (600 pages) on just where energy production and consumption in the world is going over the next 25 years. Four…

South Sudan Offers Khartoum

South Sudan Offers Khartoum "Package" Over Oil Shipments

Nov 23, 2011 at 17:34 | John Daly

Call it a “package,” though a more accurate word might be “bribe.” South Sudan’s government has offered Sudanese authorities in Khartoum a “package” to break the rising tension-filled gridlock over…

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