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OPEC’s No.2 Steps In To Replace Lost Iranian Oil

OPEC’s No.2 Steps In To Replace Lost Iranian Oil

Iraq, OPEC’s no.2 oil producer…

Energy / Crude Oil

Using Microbes to Vastly Increase Recovery from Old Oil Wells

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

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

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

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

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

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

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

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?

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

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…


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