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OPEC’s Trillion-Dollar Bet Against U.S. Shale

OPEC’s Trillion-Dollar Bet Against U.S. Shale

OPEC's strategy to defend market…

New Mexico Struggles To Balance Oil Output Boom with Climate Goals

New Mexico Struggles To Balance Oil Output Boom with Climate Goals

The second-largest oil-producing U.S. state,…

Energy / Crude Oil

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…

Changing the Definition of 'Oil' to Make the Figures Look Better

Jul 09, 2012 at 16:34 | Kurt Cobb

Everyone knows that world oil production has been running between 88 and 89 million barrels per day (mbpd) this year because government, industry and media sources tell us so.…

What Does the Future Hold for OPEC?

Jul 06, 2012 at 16:54 | Brian Westenhaus

We’re coming up on 40 years of OPEC trying to set the price of oil as high as they can manage.  The oil market is finally at a turning point,…

Oil-Drilling Trade-Offs: Keystone for Alaska

Jul 02, 2012 at 16:19 | Charles Kennedy

The Obama administration so far has stymied big oil’s efforts to move on the controversial Keystone XL pipeline, but the trade-off is a sure victory for Shell in the Alaskan…

Hedge your Bets in the Peak Oil Debate

Jul 02, 2012 at 15:40 | Post Carbon

There is nothing but “Sad News for Peak Oil Disciples” these days, according to the Financial Post.The latest example: Leonardo Maugeri, a fellow in the Geopolitics of Energy…

Weaning off Middle East Oil Means Less Than you Think

Jun 29, 2012 at 16:25 | Charles Kennedy

One expects the crazy talk to come out during an election season, but reports that the US is close to being weaned off Middle Eastern oil and set to become…

Little Protection Forecast from U.S. Oil Boom

Jun 28, 2012 at 17:19 | Daniel J. Graeber

When crude oil prices settled above $100 per barrel during the first quarter this year, the International Energy Agency noted that psychological risks were infused into oil markets. Tehran, at…

Whatever Happened to the Keystone XL Pipeline?

Jun 27, 2012 at 16:40 | Charles Kennedy

Four and a half years of studies and five failed votes in the House later, exactly where are we with the Keystone XL pipeline? Stuck on the US-Canadian border where…

No Dark Clouds on Oil Horizon

Jun 26, 2012 at 16:18 | Daniel J. Graeber

The U.S. Department of Energy predicted that OPEC will remain in relatively the same position in terms of market share at least through 2035. In terms of the pricing, the…

Should we Still be Concerned with Peak Oil?

Jun 25, 2012 at 17:05 | Dave Cohen

With oil prices falling precipitously, this seems like a good time to reassess the widely anticipated phenomenon known as peak oil. How much of a threat is it as we…

Oil in the Bahamas - Potential Replay of BP/Gulf of Mexico?

Jun 22, 2012 at 17:36 | John Daly

Mention the Bahamas to most people and you’ll get a sigh, followed by imagined images of a tropical paradise surrounded by azure waters.That romantic image may be about…

Iran Looking for Dragons in Caspian Sea

Jun 21, 2012 at 16:49 | Daniel J. Graeber

Iran announced this week that it's made its first oil discovery in the Caspian Sea in more than 100 years. The semiofficial Fars News Agency reports the find, in ultradeep…

Turkey, Once a Major Importer of Iranian Oil, Turns Towards Libya

Jun 18, 2012 at 19:23 | John Daly

What a difference international sanctions and intense U.S. pressure make.Turkey in March imported more than 270,000 barrels per day of oil from Iran, nearly triple the previous month’s…

Al-Qaeda Only Partly to Blame for Yemen Oil Crisis

Jun 15, 2012 at 17:31 | Charles Kennedy

Oil production in Yemen has for all intents and purposes halted, with no immediate solution for recovery, and uncertainty over whether Saudi Arabia will maintain the flow of free oil…

Why we Should Love Oil Companies

Jun 15, 2012 at 17:16 | MasterResource

This election year, America faces many crucial legislative choices in the oil/gas industry–and the PR strategy of oil companies will certainly affect the outcome.What should oil company executives…

Canada's Enbridge and First Nations Tribes - Allies or Implacable Foes?

Jun 13, 2012 at 16:58 | John Daly

Canada’s Enbridge was sandbagged last year by the Obama administration’s postponing a decision on the proposed Keystone XL pipeline, designed to ship Alberta’s oil sands to U.S. refineries on the…

If you Give Oil Hawks an Inch...

Jun 12, 2012 at 17:21 | Daniel J. Graeber

The U.S. Energy Department said oil production has reached a 14-year high thanks in large part to a boom in North Dakota, Texas and the Gulf of Mexico. The Obama…

How Saudi Arabia Will Influence the Oil Market to Benefit their Economy

Jun 08, 2012 at 16:36 | Dave Summers

Stuart Staniford has been watching the decline in oil prices. He has then commented that, given the Saudi need for income to hold off “Arab Spring” dissatisfaction, they are…

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