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Alberta's Big Bet: Ditch Emissions, Not Oil

Alberta's Big Bet: Ditch Emissions, Not Oil

Alberta's Premier asserts the province…

Energy / Crude Oil

The Reason Behind China's Interest in Canada's Oil Sands

Aug 06, 2012 at 17:04 | Robert Rapier

Over the past two decades, Chinese oil consumption has quadrupled to nearly 10 million barrels per day. For the past decade they have been on a growth trajectory which has…

Using Microbes to Vastly Increase Recovery from Old Oil Wells

Aug 06, 2012 at 17:00 | Brian Westenhaus

The best source of oil would be to increase oil recovery from the existing reservoirs already in production.  That oil is the easy stuff as pundits like to say, because…

Kurds Hold the Aces in Iraqi Oil Sector

Aug 02, 2012 at 14:54 | Daniel J. Graeber

The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in…

Iran will Look to Refine its Crude Domestically, Rather than Export it

Aug 02, 2012 at 14:08 | Energy Digital

President Mahmoud Ahmadinejad says Iran should focus now on oil products in light of tightening sanctions Iranian President Mahmoud Ahmadinejad said Iran should stop exporting crude oil and focus on…

What the Future Holds for Our Oil Based Economy

Aug 01, 2012 at 08:08 | Daniel J. Graeber

Oilprice.com’s geopolitical editor Daniel J. Graeber was a guest on Infowars evening show last night where he discussed the following topics: • Middle East tensions and their impact on oil prices.

How the Big Five Oil Companies Spend their $375 Million Daily Profits

Jul 26, 2012 at 17:10 | Climate Progress

The Big Five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – are slated to announce their 2012 second-quarter profits later this week.We can expect these companies,…

Bears Burst Bakken Bubble

Jul 24, 2012 at 18:06 | Daniel J. Graeber

Ongoing concerns of the Spanish debt crisis dragged on international markets Monday. Oil prices, meanwhile, had rallied last week amid tensions in the Persian Gulf. By Monday, however, Iran had…

Why Big Oil wants us to Believe in Limitless Oil

Jul 23, 2012 at 17:22 | Kurt Cobb

If you're still operating under the assumption that the earth's petroleum--or at least the cheap stuff--is about to run out, you're not going to thrive in the new oil era.…

Afghan Optimism Ignores History

Jul 19, 2012 at 18:02 | Daniel J. Graeber

International oil companies from the likes of Exxon Mobil and India's ONGC Videsh are among the majors setting their sights on an October deadline to submit bids to the…

What Level of Oil Supply Growth is Needed to Support World GDP Growth?

Jul 19, 2012 at 17:57 | Gail Tverberg

A few days ago, I showed the close relationship between growth in world oil consumption and growth in world GDP. In this post, I will extend that analysis by…

Looking at Leonardi Maugeri's Views on Peak Oil

Jul 19, 2012 at 17:44 | James Hamilton

Carpe Diem, Reuters, FTalphaville, and WhaleOil are among those calling attention to a new paper by Leonardo Maugeri, senior manager for the…

India - Afghanistan's Major Post 2012 Energy Investor?

Jul 18, 2012 at 18:54 | John Daly

An “if” – a major “if,” in fact, is whether Afghanistan will achieve sufficient political stability following the withdrawal of foreign military forces in 2014 to begin economic development.

Nigeria's Oil Shifts to Smaller Players

Jul 18, 2012 at 18:47 | Charles Kennedy

After five years of stalled negotiations, a bill overhauling Nigeria’s oil industry has finally won cabinet approval and if it makes it beyond the president’s office and through parliament, it…

What the Future Holds for Saudi Arabia's Oil

Jul 18, 2012 at 18:40 | Dave Summers

Saudi Aramco has stated that it designs the well layouts and extraction patterns from its oil fields so that they effectively decline at a rate of 2% per year.*…

Fragile, but Comfortable, Oil Market Expected

Jul 16, 2012 at 17:26 | Daniel J. Graeber

The Organization of Petroleum Exporting Countries described the global economy as "subdued" and "fragile," predicting no immediate recovery in 2013. World oil demand is forecast to grow modestly as the…

Northern Gateway Pipeline at Risk as Enbridge Faces the Flack over Oil Spill

Jul 16, 2012 at 17:23 | John Daly

As the presidential campaign ramps up, Republican heir apparent Mitt Romney is being torn between advisors that want to make Obamacare the centrepiece of the campaign, and those that want…

Looming Peak Oil Crisis Means Economic Growth of the Past is not Possible

Jul 13, 2012 at 17:12 | Post Carbon

One has to go back to the 1930's to find a time when so much of civilization was in turmoil at once. The 30's ended with World War II, tens…

How Shale and Tight Oil Have Changed the Look of US Oil Production

Jul 12, 2012 at 17:29 | James Hamilton

Since 2005, the "total oil supply" for the United States as reported by the Energy Information Administration increased by 2.2 million barrels per day. Of this, 1.3 mb/d, or…

Caspian Sea Oil Dispute Flairs Up Again Between Azerbaijan & Turkmenistan

Jul 12, 2012 at 17:17 | Eurasianet

Azerbaijan and Turkmenistan are at it again, feuding over a lucrative patch of the Caspian Sea. Russia would likely be the chief beneficiary of Caspian discord, if it continues.

A Critical Appraisal of Leonardo Maugeri's Decline Rate Assumptions

Jul 10, 2012 at 16:25 | The Oil Drum

This is a guest post by Stephen Sorrell, senior lecturer Science and Technology Policy Research, Sussex Energy Group, and lead author of the UKERC Global Oil Depletion report, and Christophe…

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