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Why the IEA is Wrong About Peak Oil Demand

Why the IEA is Wrong About Peak Oil Demand

The International Energy Agency (IEA)…

Energy / Crude Oil

Oil is the New Gold

Jun 21, 2013 at 14:11 | Dan Dicker

As I write this on Thursday morning, Gold is in a virtual freefall, dropping below $1400 an ounce for the first time in two years – Ben Bernanke’s statements at…

Did Global Oil Consumption Slow in 2012?

Jun 19, 2013 at 16:53 | Robert Rapier

I hate the phrase “Innocent until proven guilty.” When serial killer Ted Bundy killed his first victim, he wasn’t innocent just because a court had yet to convict him. The…

Chinese Scientists Discover New Method to Increase Recoverable Oil from Wells

Jun 17, 2013 at 16:41 | Brian Westenhaus

Chinese scientists have already succeeded in recovering a sensational 15% of the residual oil in their test reservoir when they formed a collaboration with the Centre for Integrated Petroleum…

Brazil’s Giant Libra Field could Produce One Million Barrels a Day

Jun 14, 2013 at 17:02 | Charles Kennedy

Magda Chambriard, the head of the National Petroleum Agency, has said that Brazil’s giant oil prospect, the Libra field, which holds an estimated 15 billion barrels of oil, could easily…

Exxon’s Bakken Expansion is Rewarded as USGS Doubles Reserves Estimate

Jun 07, 2013 at 22:06 | Dian L. Chu

The U.S. Geological Survey (USGS) recently released an updated oil and gas resource estimate on the Bakken formation, which covers parts of Montana, North Dakota and Saskatchewan.Unlike the…

Kurdistan: Our Pick for the Next Big Buy Out

Jun 07, 2013 at 17:09 | James Stafford

You might not have heard of Oryx (OXC), so if we’re treading on virgin territory here, we’ve got a good reason for doing so. Earlier this month, Oryx—the…

Next on the US Shale Scene? Try Tuscaloosa

Jun 07, 2013 at 17:02 | Editorial Dept

It’s not a household name yet—and it’s a bit of a mouthful—but the 2.7 million-acre Tuscaloosa Marine Shale (TMS) in Southeast Louisiana and Southwest Mississippi is shaping up to be…

Crude Oil Glut Forecast for 2014

Jun 04, 2013 at 16:56 | The Energy Report

Stepping away from the pack, Andrew Coleman of Raymond James Equity Research is making a contrarian forecast for an oil glut in 2014. Shale oil production is on the ascent,…

Will Rail Run Out of Steam Post-Keystone?

Jun 03, 2013 at 17:00 | Daniel J. Graeber

More than 97,000 rail carloads of crude oil were delivered in the United States during the first quarter of the year. That's 20 percent more than the fourth quarter of…

Is Iraq Capable of Becoming the Largest Oil Producer in the World

May 31, 2013 at 16:48 | Dave Summers

There is often quite a debate in the Peak Oil community over the difference between a reserve and a resource. Simplistically a resource is the amount of, for the sake…

Canada Putting Too Many Eggs in Oil Basket

May 27, 2013 at 16:59 | Daniel J. Graeber

Canadian Natural Resources Minister Joe Oliver said natural resources are the cornerstone of the federal and provincial economies. The U.S. economy, on the road to modest recovery, remains central to…

U.S. Shale Boom Not Enough to Remove the Threat of Peak Oil

May 24, 2013 at 16:57 | Post Carbon

A new phrase, “supply shock,” entered the lexicon of the global oil business this week when the International Energy Agency (IEA) reported that unexpectedly rapid growth in tight oil production…

How Reliable is the IEA’s Oil Market Forecast?

May 20, 2013 at 16:32 | Kurt Cobb

The famous Danish physicist Niels Bohr once humorously observed, "Predictions are very difficult, especially about the future." And so, as the world considers yet another rosy oil supply forecast,…

“Hard sell?” Canada Doubles PR Budget to Promote Tar Sands in U.S.

May 17, 2013 at 17:30 | John Daly

Canada is, according to the U.S. Energy Administration, the leading source of United States crude oil imports, which average 9.033 million barrels per day (mbpd), with Canada sending 2.666…

US: Mexico-TAP and the Dodd Frank Act

May 17, 2013 at 14:12 | Editorial Dept

Bottom Line: US Congress is reviewing House and Senate legislation that could see US companies working under the Mexico-TAP exempted from Dodd-Frank Section 1504 SEC disclosures about payments to foreign…

Displacing Oil Costs Less than Oil

May 16, 2013 at 17:14 | Zana Nesheiwat

“Innovation is the ability to see change as an opportunity — not a threat.” — Steve JobsAre we running out of oil? Are fuel alternatives overrated? Can fossil…

Libya Wants to Sell Oil. Is Anyone Listening?

May 13, 2013 at 17:03 | Daniel J. Graeber

Libyan Oil Minister Abdel Bari Ali al-Arousi said his country was ready to recover from civil war and take its rightful place as the powerhouse of North African energy producers.…

North Dakota Oil Boom Set to Continue for Some Time

May 10, 2013 at 17:23 | Robert Rapier

Last week the U.S. Geological Survey (USGS) provided an update of oil and gas resources in the Bakken region. This was their first update since a 2008 report that…

A Company that Stands to do Well from the Collapsing WTI-Brent Spread

May 10, 2013 at 15:33 | Dan Dicker

Another week away from my usual trading desk in New York does lead to a different and useful perspective on energy events without concentrating on the minute movements on my…

Oil Market Forecast & Review 10th May 2013

May 10, 2013 at 15:23 | Jim Hyerczyk

Late breaking news on Thursday may have signaled the top in July crude oil as traders reacted with aggressive selling pressure. The move was triggered by comments from Fed Bank…

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