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How China Could Restart The U.S. Oil Export Boom

How China Could Restart The U.S. Oil Export Boom

China may resume purchases of…

Oil Giant Sees Stock Soar 20% On Unexpected Oil Find

Oil Giant Sees Stock Soar 20% On Unexpected Oil Find

Two weeks after France’s supermajor…

Energy / Crude Oil

New IMF Model is Far More Accurate at Predicting Oil Production

New IMF Model is Far More Accurate at Predicting Oil Production

May 11, 2012 at 17:18 | Gail Tverberg

The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who…

Attack on Iran's Oil Industry Ups Cyber Warfare Stakes

Attack on Iran's Oil Industry Ups Cyber Warfare Stakes

May 01, 2012 at 22:57 | Jen Alic

Stuxnet failed to cause enough damage to Iran’s nuclear program, and more recent attacks on the country’s science ministry and oil industry have also apparently fallen flat, but practice makes…

Stung by the Keystone XL Debacle, Canada Looks Eastwards

Stung by the Keystone XL Debacle, Canada Looks Eastwards

Apr 20, 2012 at 07:33 | John Daly

Given that the Keystone XL pipeline is apparently dead in the water at least until after the next presidential election, Canada is seeking new export markets in Asia for its…

Why the US is Not About to Become an Oil Exporter

Why the US is Not About to Become an Oil Exporter

Apr 18, 2012 at 17:26 | Gail Tverberg

Countries trade crude oil and oil products back and forth. When all of these transactions are netted out, is the US close to becoming a “net” oil exporter? With the…

What the EIA's World Oil Production Data for 2011 Tells Us About 2012

What the EIA's World Oil Production Data for 2011 Tells Us About 2012

Apr 12, 2012 at 17:15 | Gail Tverberg

The US Energy Information Administration (EIA) recently released full-year 2011 world oil production data. In this post, I would like show some graphs of recent data, and provide some…

Chechnya Courts Azerbaijan after Fallout with Russian Oil Giant

Chechnya Courts Azerbaijan after Fallout with Russian Oil Giant

Apr 12, 2012 at 16:58 | Jen Alic

As the license for Russia’s state-own oil giant Rosneft to explore war-torn Chechnya’s hydrocarbon reserves is set to expire, Azerbaijan is invited to consider the contract as Chechen leader Ramzan…

Kenya Must Get it Right With Oil

Kenya Must Get it Right With Oil

Apr 11, 2012 at 17:08 | Daniel J. Graeber

Last month, Kenya declared that oil was discovered off its coast for the first time. Nairobi expects explorers to invest at least $40 million in the country and dozens of…

What Happens if Iran Doesn't Back Down?

What Happens if Iran Doesn't Back Down?

Apr 05, 2012 at 17:11 | James Hamilton

If an embargo is successful in preventing Iran from selling a significant amount of oil on the world market, what would replace it? On Friday the White House released…

Why the US Cannot Extract Most of its Oil Reserves

Why the US Cannot Extract Most of its Oil Reserves

Apr 04, 2012 at 17:14 | The Oil Drum

People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to…

In Major Policy shift, Turkey to Buy Libyan Crude to Replace Iranian

In Major Policy shift, Turkey to Buy Libyan Crude to Replace Iranian

Apr 03, 2012 at 17:38 | John Daly

Washington’s attempts to corral recalcitrant nations to support increased sanctions on Iran by boycotting their oil exports have seen a number of countries effectively ignore the U.S. pleas, including China…

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