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Energy / Crude Oil

North Dakota's Bakken Oil Fields go from Strength to Strength

North Dakota's Bakken Oil Fields go from Strength to Strength

Dec 08, 2011 at 17:22 | Mark J. Perry

The "Economic Miracle State" of North Dakota pumped another record amount of oil during the month of October, producing more than 15 million total barrels in a single month for…

Is Saudi Arabia Heading for a Downfall?

Is Saudi Arabia Heading for a Downfall?

Dec 06, 2011 at 18:08 | Gail Tverberg

Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point,…

Possible Implications of an Iranian Oil Embargo

Possible Implications of an Iranian Oil Embargo

Dec 06, 2011 at 17:57 | The Oil Drum

Does Thursday's announcement that the EU is considering to ban oil imports from Iran epitomise the draining of power from west to east? The big winners here will be…

The IEA's Dire Warnings on Peak Oil and the Desperate Need for Energy Innovation

The IEA's Dire Warnings on Peak Oil and the Desperate Need for Energy Innovation

Nov 23, 2011 at 17:40 | Post Carbon

Last week the International Energy Agency released its annual report (600 pages) on just where energy production and consumption in the world is going over the next 25 years. Four…

South Sudan Offers Khartoum Package Over Oil Shipments

South Sudan Offers Khartoum "Package" Over Oil Shipments

Nov 23, 2011 at 17:34 | John Daly

Call it a “package,” though a more accurate word might be “bribe.” South Sudan’s government has offered Sudanese authorities in Khartoum a “package” to break the rising tension-filled gridlock over…

Conflict Rising in Iraq Over Oil Contracts and Revenues

Conflict Rising in Iraq Over Oil Contracts and Revenues

Nov 15, 2011 at 16:58 | John Daly

In a development that surprises no-one except armchair analysts, trouble is brewing in Iraq over the sharing of oil revenues between Iraq’s largely autonomous Kurdish region and the central authorities…

China's Energy Investments on a Global Roll, Now Include Brazil

China's Energy Investments on a Global Roll, Now Include Brazil

Nov 14, 2011 at 17:49 | John Daly

China, flush with cash, is on a global search to acquire any and all overseas energy assets. China Petrochemical Corp., known more familiarly as the Sinopec Group, Asia's biggest refiner,…

More Oil Discovered in Nigeria - Surprise, Surprise

More Oil Discovered in Nigeria - Surprise, Surprise

Nov 10, 2011 at 17:50 | John Daly

On 8 November French company Total S.A. announced that its local subsidiary, Total E and P Nigeria Ltd (TEPNG), struck oil in the southeastern corner of its Oil Mining Lease…

No Growth in Oil Production for 7 Years - Will Alternatives Arrive Soon Enough?

No Growth in Oil Production for 7 Years - Will Alternatives Arrive Soon Enough?

Nov 08, 2011 at 07:45 | Kurt Cobb

As oil prices rose ever higher in the last decade, the optimists kept predicting rising production capacity and plummeting prices. Looks like they got it wrong. We are entering what…

Peak Oil: The Five Most Common Misconceptions

Peak Oil: The Five Most Common Misconceptions

Nov 08, 2011 at 07:33 | Robert Rapier

I have just returned from the annual ASPO conference in Washington, D.C. This was only my 2nd ASPO conference; the first one I attended was in 2008 in Sacramento. There…

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