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Energy / Crude Oil

How Will US Shale Oil Change the Global Energy Market?

How Will US Shale Oil Change the Global Energy Market?

Nov 20, 2012 at 17:33 | RFE/RL staff

For the past five years, progress in extracting gas and oil from shale deposits has been revolutionizing the energy industry in the United States. Now, a new report…

After Being Offline Since 2011, South Sudan Oil to Flow Again

After Being Offline Since 2011, South Sudan Oil to Flow Again

Nov 19, 2012 at 12:29 | John Daly

On 14 November, South Sudan President Salva Kiir declared during a meeting he held in Juba with visiting Kenyan deputy Prime Minister Uhuru Kenyatta that his country's oil production will…

How Will Oil Production Impact the Economy Over the Coming Decade

How Will Oil Production Impact the Economy Over the Coming Decade

Nov 19, 2012 at 11:49 | Post Carbon

A paper published recently by the IMF gives us some insight into how oil prices and availability might affect the global economy in the next decade. The paper, entitled Oil…

Weak Demand Does Little to Deter Keystone XL Support

"Weak Demand" Does Little to Deter Keystone XL Support

Nov 16, 2012 at 17:47 | Daniel J. Graeber

The American Petroleum Institute reported that October demand for petroleum products was at its lowest level for any October in 17 years. John Felmy, the group's chief economist, said demand…

IEA Manipulates Stats to Predict Unrealistically High Oil Forecasts

IEA Manipulates Stats to Predict Unrealistically High Oil Forecasts

Nov 15, 2012 at 17:34 | Gail Tverberg

The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become…

PR at its Worst: IEA Spins Oil Stats to Make US Top 'Oil' Producer

PR at its Worst: IEA Spins Oil Stats to Make US Top 'Oil' Producer

Nov 14, 2012 at 17:43 | Jen Alic

I’ve said it before, but it needs to be said again: The US is not overtaking Saudi Arabia as the world’s largest producer of oil. Here’s what everyone needs to…

Big Oil Cries Foul Over Anti-corruption Efforts

Big Oil Cries Foul Over Anti-corruption Efforts

Nov 14, 2012 at 17:40 | Daniel J. Graeber

A U.S. financial regulator dismissed a challenge from groups advocating on behalf of the petroleum industry who said transparency rules regarding payments made to foreign governments put them at a…

IMF: Do we Have a Peak Oil Problem?

IMF: Do we Have a Peak Oil Problem?

Nov 12, 2012 at 16:58 | Kurt Cobb

Does the International Monetary Fund (IMF) believe we have a peak oil problem? The precise answer is that the IMF is currently studying how constraints in world oil…

Oil is too Precious to be Used as Transportation Fuel

Oil is too Precious to be Used as Transportation Fuel

Nov 09, 2012 at 17:44 | Kurt Cobb

An oil executive once observed that burning oil for energy is like burning Picassos for heat. Oil is extraordinarily valuable as the basis for so many products…

Nigeria, Africa's Leading Petro-State, Quelling Islamic Insurgency?

Nigeria, Africa's Leading Petro-State, Quelling Islamic Insurgency?

Nov 06, 2012 at 17:41 | John Daly

Nigeria is Africa’s leading petro-state, currently exporting just over two millions barrels per day (bpd).But the massive corruption associated with the overwhelming influx of oil revenues has produced…

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