A Reuters investigation reveals a…
India increases the windfall tax…
The OPEC Monthly Oil Market Report and IEA Oil Market Report both came out on Tuesday last week and allowed us to see how events in the Middle…
Last summer huge deposits of natural gas were found along Israel's northern coastline. As with almost everything having to do with that controversial country, both Israelis and others found this…
Oil importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies. In 2005, Matt Simmon’s book Twilight in the Desert did much to call…
The popular protests among the countries of the Middle East and North Africa (MENA) are continuing to roil, and so, rather than the review of the countries that I have…
The world may have no more than half a century of oil left at current rates of consumption, while surging demand from emerging markets threatens to create “very significant price…
The recent news from Libya suggests that a transitional government is already being put in place as BBC reports that Libya's opposition groups is set to export first oil shipment,…
The growth of the human population cannot continue forever—there is a limit to our numbers, even if we cannot specify what that limit might be. There is also a limit…
As I pen these few humble words, Swedish combat aircraft are being tuned up for the long flight from Sweden to somewhere in the Mediterranean. There is no shortage of…
The recent uprising in North Africa and the Middle East (MENA) region, which culminated in an UN sanctioned military acton against Libya, suggests that the eventual break-up of the 'Organization…
Virtually every analyst has been puzzled by the seeming immunity of stock markets to soaring oil prices this year. In fact, stocks and crude have been tracking almost one to…
America is addicted to oil. We deem it a constitutional right to drive Hummers and have $4 a gallon gasoline. But there is an Achille’s heel to our lifestyle—oil is…
Oil sands represent approximately two-thirds of the world’s estimated oil reserves. Canada is the world’s major producer of unconventional petroleum from sands, and the U.S. imports more than one million…
The high price of oil won’t have passed you by if you’ve had to fuel your car or your home boiler recently, and the values of oil exporters’ currencies are…
Political restrictions on international oil drilling by OPEC, Russia, and other national oil companies and dictatorships is driving international companies to drill in more extreme environments. Extreme offshore drilling is…
The trajectory of Libyan oil production remains concerning. Estimates of current shut in production vary from a low of 500,000 barrels/day (b/d) to over 1 million, from a total production…
As pointed out in previous reports we think that the maximum global production of conventional oil could soon be reached. There is no doubt that peak oil is more than…
We don’t know precisely how oil supply will work out, but if it declines quickly, we need to think about how we can deal with such an outcome. A quick…
One key question in determining the impact of instability in Libya and elsewhere on world oil markets is how much other countries can and will increase production to offset the…
There are reports that the unrest in the Middle East has spread to the Sultanate of Oman. While at the moment there have been only one or perhaps two deaths,…
Political tensions in the Middle East once again remind us of the fragile dependency of the Western nations on imported petroleum, which have driven the price of a barrel of…