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Energy / Crude Oil

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?

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

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

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 "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…

Conflict Rising in Iraq Over Oil Contracts and Revenues

Nov 15, 2011 at 16:58 | John Daly

In a development that surprises no-one except armchair analysts, trouble is brewing in Iraq over the sharing of oil revenues between Iraq’s largely autonomous Kurdish region and the central authorities…

China's Energy Investments on a Global Roll, Now Include Brazil

Nov 14, 2011 at 17:49 | John Daly

China, flush with cash, is on a global search to acquire any and all overseas energy assets. China Petrochemical Corp., known more familiarly as the Sinopec Group, Asia's biggest refiner,…

More Oil Discovered in Nigeria - Surprise, Surprise

Nov 10, 2011 at 17:50 | John Daly

On 8 November French company Total S.A. announced that its local subsidiary, Total E and P Nigeria Ltd (TEPNG), struck oil in the southeastern corner of its Oil Mining Lease…

No Growth in Oil Production for 7 Years - Will Alternatives Arrive Soon Enough?

Nov 08, 2011 at 07:45 | Kurt Cobb

As oil prices rose ever higher in the last decade, the optimists kept predicting rising production capacity and plummeting prices. Looks like they got it wrong. We are entering what…

Peak Oil: The Five Most Common Misconceptions

Nov 08, 2011 at 07:33 | Robert Rapier

I have just returned from the annual ASPO conference in Washington, D.C. This was only my 2nd ASPO conference; the first one I attended was in 2008 in Sacramento. There…

Peak Oil - Why We need to Plan Now

Nov 04, 2011 at 08:40 | Tom Murphy

It was by teaching a course on energy in 2004 that I first became aware of the enormous challenges facing our society this century. In preparing for the course, I…

Peak Production for U.S. Oil-Producing Regions

Oct 21, 2011 at 07:31 | James Hamilton

I've just finished a new paper on Oil prices, exhaustible resources, and economic growth (click here for paper), which explores details behind the phenomenal increase in global crude oil…

IEA Wrong to Expect Oil Production Growth to Come from MENA

Oct 20, 2011 at 08:53 | Gail Tverberg

Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying, In the next 10 years, more than 90% of the growth in global oil production needs…

Peak Oil and the European Debt Crisis

Oct 14, 2011 at 07:51 | Post Carbon

With every passing day it is becoming more apparent that the crisis of the depletion of cheap oil has become deeply enmeshed in the European debt crises. The sequence of…

Oil Boom in the USA

Oct 12, 2011 at 07:42 | Brian Westenhaus

The USA, largest consumer of oil and perhaps about fourth in production has entered an oil boom.  Not only is it related to improvements in production technology, but U.S. demand…

Prosperity and Peak Oil: Salvaging Your Economic Future

Oct 11, 2011 at 07:57 | Kurt Cobb

It is with some trepidation that I prepare for a trip that includes an appearance before college students who generally find the idea of peak oil so disturbing that they…

Peak Oil and the Financial Crisis: Where do Oil Prices Fit In?

Oct 10, 2011 at 07:52 | Post Carbon

The Financial Times and Wall Street Journal have gone into full crisis mode with live blogs continuously reporting unfolding events. Equity markets are falling and London oil prices have been…

Peak Oil and the Recessionary Cycle

Oct 06, 2011 at 07:20 | Kurt Cobb

In the minds of many of those concerned about an imminent rendezvous with peak oil, the day the world slides past the all-time peak in oil production will be a…

Peak Oil Infographic – A Clear Picture of Where we Stand with Fossil Fuels

Oct 04, 2011 at 07:26 | Al Fin

The below infographic takes an unbiased look at the current situation with peak oil, oil consumption and declining fossil fuel reserves.

Daniel Yergin and Oil Supply: Should we Really not Worry About Peak Oil

Oct 03, 2011 at 07:25 | Gail Tverberg

Saturday, September 17, the WSJ ran an essay by Daniel Yergin called, “There Will Be Oil.” In the essay, Yergin argues that the advocates of “peak oil” theory are…

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