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Will Shale Rise From The Dead?

Will Shale Rise From The Dead?

The shale oil business is…

Saudis Scramble To Arrest Oil Price Slide

Saudis Scramble To Arrest Oil Price Slide

Saudi Arabia has approached other…

Energy / Crude Oil

OPEC has Probably Deceived Us About the Size of its Oil Reserves

OPEC has Probably Deceived Us About the Size of its Oil Reserves

Sep 10, 2012 at 17:58 | Kurt Cobb

Has OPEC misled us about the size of its oil reserves? The short answer is probably. The long answer is that currently, there is no way to know for sure.

The Implications of Saudi Arabia becoming a Net Oil Importer

The Implications of Saudi Arabia becoming a Net Oil Importer

Sep 10, 2012 at 17:46 | Ian Nunn

Ambrose Evans-Pritchard, wrote last week in The Telegraph, Saudi oil well dries up. He presented the following chart of projected Saudi oil consumption, vertical bars, and production, dark blue…

Big Oil 1 - 0 Environment: Shell Granted Permit to Work off Alaskan Coast

Big Oil 1 - 0 Environment: Shell Granted Permit to Work off Alaskan Coast

Sep 05, 2012 at 17:42 | Daniel J. Graeber

Environmental groups concerned about the potential damage to the Arctic environment suffered another blow after the U.S. Environmental Protection Agency granted a temporary air permit for Shell to work off…

5 Oligarchs Taking the World by Storm

5 Oligarchs Taking the World by Storm

Sep 04, 2012 at 17:57 | Jen Alic

Oligarchs are the wealthy few who benefit from the government and for all intents and purposes call the shots behind the scenes. Oilprice.com considers five key oligarchs and oligarch families…

Prophets of Doom Cloud Kenyan Oil Prospects

"Prophets of Doom" Cloud Kenyan Oil Prospects

Aug 30, 2012 at 20:39 | Daniel J. Graeber

The top foreign policy chief for the European Union met this week in Nairobi with Kenyan leaders. The country is a key Western ally in ongoing efforts to bring stability…

Colombia Oil: Is It Time To Invest in this South American Comeback Story?

Colombia Oil: Is It Time To Invest in this South American Comeback Story?

Aug 29, 2012 at 16:40 | Keith Schaefer

Investors – particularly Canadians – may recall Colombia as one of the hottest oil plays in the world.That was just a few years ago. Huge wells in these…

Chavez Plans to Double Venezuelan Oil Output to 6 Million bpd by 2019

Chavez Plans to Double Venezuelan Oil Output to 6 Million bpd by 2019

Aug 27, 2012 at 16:03 | John Daly

Even the detractors of Venezuelan President Hugo Chavez have never accused him of thinking small. Chavez is currently running for re-election in Venezuela’s upcoming presidential election, scheduled for 7 October,…

Dipping into US Strategic Oil Reserves: A Speculator's Bonanza

Dipping into US Strategic Oil Reserves: A Speculator's Bonanza

Aug 24, 2012 at 15:19 | Jen Alic

The White House is keeping the rumor-mill afloat with hints that it may draw from US strategic oil and petroleum reserves, watching the market respond on the speculation with a…

Turkey's Genel Energy Takes Gamble in Iraq

Turkey's Genel Energy Takes Gamble in Iraq

Aug 23, 2012 at 15:02 | Daniel J. Graeber

The top executive at Turkish company Genel Energy announced a deal with Heritage Oil increased its stake in the Miran exploration block in the Kurdish north of Iraq. The block…

The Oil Sector has Been Pushed to the Limit of its Capabilities

The Oil Sector has Been Pushed to the Limit of its Capabilities

Aug 23, 2012 at 14:33 | The Oil Drum

Leonardo Maugeri’s recent paper Oil: The Next Revolution on the presumed future abundance of oil supplies rejects the pessimistic outlook of limited increases in oil capacity over the next decade.…

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