 |
Louisiana Light • 1 day | 75.02 | +0.15 | +0.20% | ||
|
Bonny Light • 1 day | 78.13 | +0.03 | +0.04% | ||
|
Opec Basket • 1 day | 77.63 | +2.62 | +3.49% | ||
|
Mars US • 13 hours | 71.22 | +0.02 | +0.03% | ||
|
Gasoline • 1 hour | 2.667 | -0.002 | -0.06% |
|
Bonny Light • 1 day | 78.13 | +0.03 | +0.04% | ||
|
Girassol • 1 day | 78.83 | +0.31 | +0.39% | ||
|
Opec Basket • 1 day | 77.63 | +2.62 | +3.49% |
|
Peace Sour • 4 hours | 67.22 | -0.23 | -0.34% | ||
|
Light Sour Blend • 4 hours | 68.52 | -0.23 | -0.33% | ||
|
Syncrude Sweet Premium • 4 hours | 77.47 | -0.23 | -0.30% | ||
|
Central Alberta • 4 hours | 66.82 | -0.23 | -0.34% |
|
Eagle Ford • 1 day | 69.68 | +0.39 | +0.56% | ||
|
Oklahoma Sweet • 1 day | 69.75 | +0.50 | +0.72% | ||
|
Kansas Common • 29 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 1 day | 79.36 | +3.94 | +5.22% |
Breaking News:
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Energy / Crude Oil
Global Oil Reserves Increase by 6.6 Billion Barrels in 2010
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?
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
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
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
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
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
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
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
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?
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
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
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
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
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
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
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…
Oil Production Figures in Areas of Unrest (Middle East & North Africa)
The popular protests among the countries of the Middle East and North Africa (MENA) are continuing to roil, and so, rather than the review of the countries that I have…
HSBC Report Warns we Only Have 50 Years of Oil Left
The world may have no more than half a century of oil left at current rates of consumption, while surging demand from emerging markets threatens to create “very significant price…
Oil Supply Crisis From War in Libya? Free Trade Begs to Differ
The recent news from Libya suggests that a transitional government is already being put in place as BBC reports that Libya's opposition groups is set to export first oil shipment,…
Peak Oil and Depopulation
The growth of the human population cannot continue forever—there is a limit to our numbers, even if we cannot specify what that limit might be. There is also a limit…
