Energy / Crude Oil

Jun 28, 2011 at 07:40 | Energy Digital

Saudi Arabia fears Iran's pursuit of nuclear weapons, and may flood the market with its oil reserves to bankrupt Tehran Saudi Arabia and Iran have been in a bitter dispute…

Jun 27, 2011 at 08:29 | Gail Tverberg

The International Energy Association (IEA) announced a plan on Thursday last week to make 60 million barrels of oil available to the market over the next month from the Strategic Petroleum…

Jun 25, 2011 at 08:57 | Bruce Krasting

I’m surprised by the move by the President and the IEA. What’s this about? Is it about the price of oil? Before the announcement WTI was sitting around 95. That’s…

Jun 14, 2011 at 08:34 | Brian Westenhaus

The financial crisis of 2008 and the high gasoline prices that have haunted consumers since has the Peak Oil debate pressuring enhanced oil recovery. Today there are many countries talking…

Jun 14, 2011 at 08:24 | James Hamilton

Stuart Staniford notes that the number of trucks and passenger vehicles in China has been growing at about 23% each year.

Jun 13, 2011 at 07:04 | Post Carbon

The world is beginning to look a lot like the August of 1914 or perhaps the summer of 1939 all over again. This time instead of the great powers of…

Jun 10, 2011 at 07:23 | James Hamilton

The Organization of Petroleum Exporting Countries (OPEC)  announced on Tuesday that its members could not reach an agreement to change OPEC's production quotas. How significant is that announcement? In…

Jun 10, 2011 at 07:20 | Al Fin

In the absence of replenishment by successful exploration or reserves growth, so-called 'reserves replacement', proved reserves would tend to decline over time as production depleted the existing reserve base. However,…

Jun 09, 2011 at 08:21 | Brian Westenhaus

U.S. Secretary of State Hillary Clinton got the file Monday as the State Department concluded a public comment period on its draft environmental impact statement, and will publish a final…

Jun 07, 2011 at 07:41 | Dave Summers

The development of oil in Texas produced, in its time, the four richest men in the world (H.L. Hunt, Sid Richardson, Roy Cullen and Clint Murchison) and the single richest…

Jun 03, 2011 at 07:48 | John Daly

The world’s unceasing quest for new oil deposits has combined with offshore technology to impel many countries to investigate their offshore resources in their “exclusive economic zone,”  (EEZ) defined by…

May 30, 2011 at 08:34 | The Oil Drum

Synopsis: The causes of the fall of the Soviet Union are thought to be inefficiency and the Soviet response to the Reagan Administration’s military buildup of the early 1980s. However,…

May 23, 2011 at 22:05 | Professor Chris Rhodes

The UK Secretary for Energy and Climate Change, Chris Huhne, has committed to establish an "Oil Shock Response Plan" to cope with some of the consequences of peak oil (

May 22, 2011 at 10:32 | Dave Cohen

The Nymex oil price has calmed down a bit in the last week, and now stands at $100.10/barrel.  Mysteriously, that's about 3 bucks higher than it was 2 weeks ago.…

May 21, 2011 at 11:14 | Mad Hedge Fund Trader

Let’s do some out of the box thinking here. Let’s say that the global economy is really slowing down. The demand for oil will fall. Let’s say that China continues…

May 20, 2011 at 09:22 | Dave Summers

The Total (oil company) discussion on Enhanced Oil Recovery has an illustrative graph to explain why there is a growing need to get as much of the oil in a…

May 09, 2011 at 07:49 | Robert Rapier

The reason that oil company profits are so volatile is that sometimes the price of oil becomes pretty disconnected from the cost to produce it and convert it into finished…

May 04, 2011 at 08:46 | Gail Tverberg

Recently when I was reading some of the papers M. King Hubbert wrote, one thing struck me was the context in which he made his forecast regarding how world oil…

May 04, 2011 at 08:40 | Llewellyn King

The fate of the Obama presidency hangs not on a birth certificate or the red ink on the federal budget but by the hose nozzle of your local gas station.…

Apr 25, 2011 at 09:40 | Gail Tverberg

The US Energy Information Administration’s January oil production figures are out, and they show record oil production. Where are we headed from here? While production for January is up a…