Despite Congress passing new sanctions…
When the illusion of unending…
Instead of waiting to obtain a “presidential permit” to ship oil sands from Canada to the United States, one Canadian firm has found a workaround, and environmental groups aren’t happy…
Scottish First Minister Alex Salmond continues to insist that the strong future of Scottish oil would provide major support for the country if it achieves independence from the United Kingdom…
Big Oil has been very successful at developing sophisticated technology to access oil in some pretty remote areas. Consider the technological skill necessary to drill several miles below…
The violence and cutthroat politics of the Middle East, combined with declining oil and gas production levels, has triggered a subtle but significant shift away from what has long been…
The best way to get oil out of the ground may be to pump in foam.Scientists pumped foam into an experimental rig that mimicked the flow paths deep…
The world has changed. Even two years ago, with a war going on by proxy between Russia and Ukraine, we'd have seen a ten dollar rally in the price of…
For more than seventy years the oil reserves of Mexico have been the exclusive property of the state run oil company Petroleos Mexicanos, or Pemex. That changed at the end…
Weak global oil demand is keeping a lid on prices, according to a new report from the International Energy Agency (IEA), and that’s bad news for companies carrying a…
After several years of very little progress, Brazil is finally beginning to extract oil from ultra-deep water. It’s a welcome development for the South American country, which has experienced four…
We frequently see stories telling us how well the United States is doing at oil extraction. The fact that there are stories in the press about the US wanting to…
The rapid growth in U.S. shipments of crude oil by rail is leading to an unexpected shortage of coal at many power plants across the country.Shipping crude oil…
Major oil and gas companies are taking on an increasing share of debt in order to maintain drilling momentum, according to data from the U.S. Energy Information Administration.
The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range…
Despite the recent weakness in Nearby Crude Oil on the daily chart, the weekly and monthly charts are showing quite a bit of resiliency. Both of these charts suggest the…
The standard way to make forecasts of almost anything is to look at recent trends and assume that this trend will continue, at least for the next several years. With…
Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico,…
Economic analysts are torn as to how important Saudi Arabia will prove to the global economy in years ahead. In the first half of 2014, the US surpassed Saudi Arabia…
Speculators versus ProfessionalsLast week’s article highlighted the crude oil futures market and the roles that supply and demand as well as the major market participants play in determining…
Unless you’ve been living under a rock, you’ve no doubt heard that the U.S. is in the middle of an oil boom. Advances in technology have enabled the recovery of…
How Much Oil Do We Import?As events in Iraq continue to unfold, we have been getting quite a few queries on just how much oil the US imports…