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Will Shale Rise From The Dead?

Will Shale Rise From The Dead?

The shale oil business is…

Energy / Crude Oil

Time to Call Iran's Bluff on Oil?

Time to Call Iran's Bluff on Oil?

Feb 09, 2012 at 17:30 | Daniel J. Graeber

Iranian lawmakers this week expressed support for a measure that would beat the European Union to the punch by cutting off oil exports before the summer. Tehran's measure amounts to…

Shedding Some Light on Peak Oil

Shedding Some Light on Peak Oil

Feb 09, 2012 at 16:44 | Gail Tverberg

On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, "Everything You Know About Peak Oil Is Wrong". This editorial reflects several common misunderstandings. According to Kenny:…

Bad Timing for Scottish Independence

Bad Timing for Scottish Independence

Feb 08, 2012 at 17:53 | Daniel J. Graeber

Scotland under First Minister Alex Salmond announced plans to hold a referendum on independence from the United Kingdom in 2014. Edinburgh maintains it can support itself without the help of…

Sudan's President Omer al Bashir’s New Best Friend - Russia?

Sudan's President Omer al Bashir’s New Best Friend - Russia?

Feb 06, 2012 at 22:51 | John Daly

When Communism collapsed in the Soviet Union in December 1991, many Europeans naively thought that the new Russian government would fully embrace “Western” values. Two decades later, after a…

India Drops the Dollar and Pays for Iranian Oil in Gold

India Drops the Dollar and Pays for Iranian Oil in Gold

Feb 04, 2012 at 12:15 | Ag Metal Miner

Media reports suggests that India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US…

Cuba, Oil Diplomacy and the Southern Tip of Florida

Cuba, Oil Diplomacy and the Southern Tip of Florida

Feb 02, 2012 at 20:49 | Daniel J. Graeber

U.S. lawmakers spent most of this week lobbing insults at the Cuban government while assessing the risks of an offshore oil spill about 90 miles from the southern Florida coast.…

An Abundant Supply of Cheap Oil is the Most Important Resource for Our Future

An Abundant Supply of Cheap Oil is the Most Important Resource for Our Future

Feb 02, 2012 at 20:40 | Gail Tverberg

Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to…

Sudan's Oil War: Deadlines Before Development

Sudan's Oil War: Deadlines Before Development

Jan 28, 2012 at 10:04 | Daniel J. Graeber

Since gaining independence in July, Middle East and North African experts have expressed concerns that border conflicts and disputes over the sharing of oil revenue could threaten a very fragile…

The Global Hunt For Oil: Canadian Firm Drills First Exploration Well in Somalia

The Global Hunt For Oil: Canadian Firm Drills First Exploration Well in Somalia

Jan 27, 2012 at 18:01 | John Daly

Energy companies are renowned for taking risks as they scour the globe for new opportunities.That said however, Canada’s Vancouver, BC-based Horn Petroleum Corporation, a unit of Africa Oil…

Greece - Between Iran and a Hard Place

Greece - Between Iran and a Hard Place

Jan 27, 2012 at 12:58 | John Daly

Well, its official – on 23 January European Union foreign ministers agreed to ban the import of Iranian oil as part of sanctions designed to pressure Iran to end its…

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