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Energy / Crude Oil

Why US Oil Consumption Might Drastically Decline in the Coming Years

Why US Oil Consumption Might Drastically Decline in the Coming Years

Dec 06, 2012 at 17:00 | James Hamilton

A lot of attention has been given to the optimistic assessments of future U.S. and Iraqi oil production in the IEA's World Energy Outlook 2012. However, perhaps even more…

U.S. Energy Department Report Supports Shale Boom Credibility

U.S. Energy Department Report Supports Shale Boom Credibility

Dec 05, 2012 at 16:46 | Daniel J. Graeber

The U.S. Energy Department said crude oil production from the United States could reach 7.5 million barrels per day before the end of the decade. Natural gas production, meanwhile, should…

Energy Juniors Eye Somaliland Oil Potential

Energy Juniors Eye Somaliland Oil Potential

Dec 03, 2012 at 16:50 | Jen Alic

Three foreign oil juniors are set to begin exploration in Somaliland by next year, as the rush on East African hydrocarbon largesse extends to the riskiest venues of the Horn.…

How will Azerbaijan Solve its Oil Fund Deficit?

How will Azerbaijan Solve its Oil Fund Deficit?

Dec 03, 2012 at 16:46 | Eurasianet

You might not think that money from oil would be a problem for Azerbaijan, one of the former Soviet Union’s largest energy producers. But when oil production drops, and election-year…

How Shale Oil will Change the World

How Shale Oil will Change the World

Dec 03, 2012 at 16:43 | Environmental News Network

Oil shale, also known as kerogen shale, is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil can…

Is Oil to Blame for DRC Violence?

Is Oil to Blame for DRC Violence?

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

The British government announced it was withholding aid to Rwanda out of concern the government there was backing the rebel M23 movement in neighboring Democratic Republic of Congo. As early…

The Oil Boom Will Only Last a Decade - Then What?

The Oil Boom Will Only Last a Decade - Then What?

Nov 29, 2012 at 17:08 | James Hamilton

Oil is fundamentally a depletable resource – once a barrel is extracted from the ground and burned, it is gone. Nevertheless, world oil production has continued to increase steadily for…

Can Russia Maintain Current Oil Production Levels until 2020?

Can Russia Maintain Current Oil Production Levels until 2020?

Nov 29, 2012 at 17:00 | The Oil Drum

Uncertainty whether Russia can maintain its high level of oil production continues - 10.7 million b/d in 2012 to date on average. A new more benign tax regime that has…

Three Dilemmas Awaiting OPEC in the Future

Three Dilemmas Awaiting OPEC in the Future

Nov 27, 2012 at 17:20 | Matthew Hulbert

OPEC faces a triple dilemma over the short, medium and long term, none of which have good outcomes for the cartel. The short term is simple; prices are likely to…

Internal Divisions could Burst Canada's Oil Bubble

Internal Divisions could Burst Canada's Oil Bubble

Nov 26, 2012 at 16:58 | Daniel J. Graeber

Provincial leaders in energy-rich Canada are reviewing ways to send oil from Alberta province to eastern refineries in an effort to ensure energy independence. Most of the refineries in the…

  
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