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Oil Prices Inch Higher Despite Large Gasoline Build

Oil Prices Inch Higher Despite Large Gasoline Build

Crude prices fell slightly this…

China Refined A Record Amount Of Crude Oil In 2021

China Refined A Record Amount Of Crude Oil In 2021

Crude oil processing rates in…

Energy / Crude Oil

Oil Recovery Techniques: Using Microbes to Recover Trapped Oil

Jun 14, 2011 at 08:34 | Brian Westenhaus

The financial crisis of 2008 and the high gasoline prices that have haunted consumers since has the Peak Oil debate pressuring enhanced oil recovery. Today there are many countries talking…

Rapidly Increasing Chinese Oil Demand

Jun 14, 2011 at 08:24 | James Hamilton

Stuart Staniford notes that the number of trucks and passenger vehicles in China has been growing at about 23% each year.

Peak Oil and our Uncertain Future

Jun 13, 2011 at 07:04 | Post Carbon

The world is beginning to look a lot like the August of 1914 or perhaps the summer of 1939 all over again. This time instead of the great powers of…

Just How Significant is the OPEC Announcement?

Jun 10, 2011 at 07:23 | James Hamilton

The Organization of Petroleum Exporting Countries (OPEC)  announced on Tuesday that its members could not reach an agreement to change OPEC's production quotas. How significant is that announcement? In…

Global Oil Reserves Increase by 6.6 Billion Barrels in 2010

Jun 10, 2011 at 07:20 | Al Fin

In the absence of replenishment by successful exploration or reserves growth, so-called 'reserves replacement', proved reserves would tend to decline over time as production depleted the existing reserve base. However,…

Are U.S. Bureaucrats About to Make a Huge Oil Supply Blunder?

Jun 09, 2011 at 08:21 | Brian Westenhaus

U.S. Secretary of State Hillary Clinton got the file Monday as the State Department concluded a public comment period on its draft environmental impact statement, and will publish a final…

The Oil Beneath California

Jun 07, 2011 at 07:41 | Dave Summers

The development of oil in Texas produced, in its time, the four richest men in the world (H.L. Hunt, Sid Richardson, Roy Cullen and Clint Murchison) and the single richest…

Offshore Oil Dispute in South China Sea Has Enormous Global Implications

Jun 03, 2011 at 07:48 | John Daly

The world’s unceasing quest for new oil deposits has combined with offshore technology to impel many countries to investigate their offshore resources in their “exclusive economic zone,”  (EEZ) defined by…

Peak Oil and the Collapse of the Soviet Union

May 30, 2011 at 08:34 | The Oil Drum

Synopsis: The causes of the fall of the Soviet Union are thought to be inefficiency and the Soviet response to the Reagan Administration’s military buildup of the early 1980s. However,…

UK Government Predicting Peak Oil Within 5 Years

May 23, 2011 at 22:05 | Professor Chris Rhodes

The UK Secretary for Energy and Climate Change, Chris Huhne, has committed to establish an "Oil Shock Response Plan" to cope with some of the consequences of peak oil (

Sunday Oil Market Roundup

May 22, 2011 at 10:32 | Dave Cohen

The Nymex oil price has calmed down a bit in the last week, and now stands at $100.10/barrel.  Mysteriously, that's about 3 bucks higher than it was 2 weeks ago.…

The Bear Case for Oil

May 21, 2011 at 11:14 | Mad Hedge Fund Trader

Let’s do some out of the box thinking here. Let’s say that the global economy is really slowing down. The demand for oil will fall. Let’s say that China continues…

Enhancing Oil Recovery: A Look at Stripper Wells

May 20, 2011 at 09:22 | Dave Summers

The Total (oil company) discussion on Enhanced Oil Recovery has an illustrative graph to explain why there is a growing need to get as much of the oil in a…

What is Oil Really Worth?

May 09, 2011 at 07:49 | Robert Rapier

The reason that oil company profits are so volatile is that sometimes the price of oil becomes pretty disconnected from the cost to produce it and convert it into finished…

World Oil Forecasts and Hubbert’s Peak

May 04, 2011 at 08:46 | Gail Tverberg

Recently when I was reading some of the papers M. King Hubbert wrote, one thing struck me was the context in which he made his forecast regarding how world oil…

It's Time for Obama to Spook the Oil Markets

May 04, 2011 at 08:40 | Llewellyn King

The fate of the Obama presidency hangs not on a birth certificate or the red ink on the federal budget but by the hose nozzle of your local gas station.…

Peak Oil Update - April 2011

Apr 25, 2011 at 09:40 | Gail Tverberg

The US Energy Information Administration’s January oil production figures are out, and they show record oil production. Where are we headed from here? While production for January is up a…

Saudi Arabia Has Not Made up for the Drop in Libyan Oil Production

Apr 18, 2011 at 10:41 | The Oil Drum

The OPEC Monthly Oil Market Report and IEA Oil Market Report both came out on Tuesday last week and allowed us to see how events in the Middle…

Israel May Hold the World’s Third Largest Reserve of Shale Oil

Apr 15, 2011 at 09:02 | David Caploe PhD

Last summer huge deposits of natural gas were found along Israel's northern coastline. As with almost everything having to do with that controversial country, both Israelis and others found this…

Saudi Arabia Oil Exports to Decrease Due to Increased Domastic Demand

Apr 14, 2011 at 08:55 | The Oil Drum

Oil importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies. In 2005, Matt Simmon’s book Twilight in the Desert did much to call…

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