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U.S. Oil Drilling Sees 6-Rig Gain

U.S. Oil Drilling Sees 6-Rig Gain

The total number of active…

Energy / Crude Oil

“Peak Rail” – Has the Crude Shipping Train Left the Station?

Apr 25, 2013 at 17:11 | Keith Schaefer

Some call it the “holy rail.”In Alberta Canada, an estimated 120,000 barrels of oil per day are shipped out by train to the U.S. east coast and Gulf…

Statoil Eyes “Considerable” North Sea Discovery

Apr 23, 2013 at 17:35 | Charles Kennedy

Norway’s Statoil (STO) is sitting on a new discovery in the North Sea that could contain between 40 million and 150 million recoverable barrels of oil equivalent, the company said…

Saudi Arabia’s Diminishing Influence in the Oil Market

Apr 23, 2013 at 17:24 | The Motley Fool

For three decades or so, Saudi Arabia has wielded considerable influence on the global oil market. The kingdom's status as the world's only "swing producer" has given it the unparalleled…

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

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

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

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

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

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

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

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

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

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…

Kurdish Crude Hits the International Market

Apr 08, 2013 at 18:22 | Charles Kennedy

The Baghdad-Erbil oil standoff will escalate as the Iraqi Kurds sell their first crude oil on the international market and as Austria’s OMV launches production at one of its wells…

Oil Exporters Must be Wary of Dependence on Oil Revenues

Apr 08, 2013 at 18:00 | Gail Tverberg

Recently, I explained how high oil prices can bring on financial collapse for oil importers. In this post, I’ll discuss the flip side of the situation: how oil exporters…

Are Canadian Oil Policies Misguided?

Apr 05, 2013 at 18:08 | Daniel J. Graeber

The provincial government in Alberta is mulling new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40…

Oil Market Forecast & Review 5th April 2013

Apr 05, 2013 at 13:17 | Editorial Dept

After posting a high last week at $97.80, May crude oil sold off sharply on the daily and weekly charts. The fundamental catalyst behind the move was an unexpected rise…

ANGOLA: 9th Offshore Oil Discovery Increases Resource Base

Apr 05, 2013 at 13:13 | Editorial Dept

Bottom Line: Italy’s Eni SpA has made its 9th offshore discovery in Angola, setting up the West African country to become a regional energy hub. Analysis: Last week,…

COLOMBIA: Two New Oil Discoveries and Investor Incentives in the Works

Apr 05, 2013 at 13:10 | Editorial Dept

Bottom Line: The Colombian president unveils plans to eliminate the 8.9% tax on natural gas and other potential initiatives such as free-market gas pricing that will increase investor optimism at…

Peak Oil is Dead! How Accurate have Past Predictions Been?

Apr 04, 2013 at 19:51 | James Hamilton

"Peak oil is dead," Rob Wile declared last week. Colin Sullivan says it has "gone the way of the Flat Earth Society", writing:Those behind the theory…

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