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EIA Inventory Count Accelerates Oil Price Slide

EIA Inventory Count Accelerates Oil Price Slide

Oil prices continued to slide…

U.S. Oil Production May Jump To 14 Million Bpd By 2020

U.S. Oil Production May Jump To 14 Million Bpd By 2020

Secretary of the Interior Ryan…

Energy / Crude Oil

Peak Oil: An Issue of Economics not Geology

Peak Oil: An Issue of Economics not Geology

Apr 23, 2013 at 17:19 | Gail Tverberg

We have all heard the story about oil supply supposedly rising and falling for geological reasons. But what if the story is a little different from this–oil production rises and…

Oil Market Forecast & Review 19th April 2013

Oil Market Forecast & Review 19th April 2013

Apr 19, 2013 at 14:57 | Jim Hyerczyk

Last week’s technical report suggested that June crude oil was poised for a volatile move because of the triangle chart pattern formation it had formed. Although the chart pattern indicated…

A Quick Quiz on US Oil Production

A Quick Quiz on US Oil Production

Apr 17, 2013 at 16:54 | Robert Rapier

As a result of the hydraulic fracturing (fracking) revolution, US oil and natural gas production have been rising for several years. According to the Energy Information Administration (EIA), US oil…

Arab Countries Openly Discuss Peak Oil for the First Time

Arab Countries Openly Discuss Peak Oil for the First Time

Apr 16, 2013 at 17:00 | Fabius Maximus

Reflections by Robert Hirsch on the Conference “Peak Oil: Challenges and Opportunities for the GCC Countries”.Held at Doha, Qatar on 2-4 April 2013. Posted with his generous permission.

Developed Nations have Already Passed Peak Oil Demand

Developed Nations have Already Passed Peak Oil Demand

Apr 12, 2013 at 17:50 | Gail Tverberg

We in the United States, the Euro-zone, and Japan are already past peak oil demand. Oil demand has to do with how much oil we can afford. Many of the…

Oil Market Forecast & Review 12th April 2013

Oil Market Forecast & Review 12th April 2013

Apr 12, 2013 at 16:34 | Jim Hyerczyk

June crude oil futures traded mixed last week as traders had to deal with conflicting signals. Technically, the market is oversold on a short-term basis which gives it a slight…

RUSSIA: Juggling Oil Tax Increases and Unconventional Incentives

RUSSIA: Juggling Oil Tax Increases and Unconventional Incentives

Apr 12, 2013 at 16:14 | Editorial Dept

Bottom Line: The Russian Finance Ministry’s proposed increase in extraction taxes of 5% for 2014-2016 is intended to raise money for building roads, but the tradeoff is a sweet incentive…

US Shale Industry Set for a Second Boom with Waterflood Technology

US Shale Industry Set for a Second Boom with Waterflood Technology

Apr 11, 2013 at 17:04 | Keith Schaefer

The cheapest and most profitable oil North America has ever seen is now “flooding” into the market, as producers once again use old technology to create a wave of new…

Using Microbes to Increase Oil Recovery from Old Wells

Using Microbes to Increase Oil Recovery from Old Wells

Apr 10, 2013 at 16:51 | Brian Westenhaus

Technology using natural soil bacteria for enhanced oil recovery is now commercially available and poised to recover the crude oil remaining in thousands of exhausted oil wells.Brian Clement,…

Ageing Giant Oil Fields still Dominate World Oil Production

Ageing Giant Oil Fields still Dominate World Oil Production

Apr 09, 2013 at 16:39 | Kurt Cobb

With all the talk about new oil discoveries around the world and new techniques for extracting oil in such places as North Dakota and Texas, it would be easy to…

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