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The Real History Of Fracking: Oil, Bombs And Civil War

The Real History Of Fracking: Oil, Bombs And Civil War

Despite popular belief, fracking is…

The End Of The Asian Oil Product Glut

The End Of The Asian Oil Product Glut

Trafigura, one of the world’s…

Energy / Crude Oil

Just How Significant is the OPEC Announcement?

Just How Significant is the OPEC Announcement?

Jun 10, 2011 at 07:23 | James Hamilton

The Organization of Petroleum Exporting Countries (OPEC)  announced on Tuesday that its members could not reach an agreement to change OPEC's production quotas. How significant is that announcement? In…

Global Oil Reserves Increase by 6.6 Billion Barrels in 2010

Global Oil Reserves Increase by 6.6 Billion Barrels in 2010

Jun 10, 2011 at 07:20 | Al Fin

In the absence of replenishment by successful exploration or reserves growth, so-called 'reserves replacement', proved reserves would tend to decline over time as production depleted the existing reserve base. However,…

Are U.S. Bureaucrats About to Make a Huge Oil Supply Blunder?

Are U.S. Bureaucrats About to Make a Huge Oil Supply Blunder?

Jun 09, 2011 at 08:21 | Brian Westenhaus

U.S. Secretary of State Hillary Clinton got the file Monday as the State Department concluded a public comment period on its draft environmental impact statement, and will publish a final…

The Oil Beneath California

The Oil Beneath California

Jun 07, 2011 at 07:41 | Dave Summers

The development of oil in Texas produced, in its time, the four richest men in the world (H.L. Hunt, Sid Richardson, Roy Cullen and Clint Murchison) and the single richest…

Offshore Oil Dispute in South China Sea Has Enormous Global Implications

Offshore Oil Dispute in South China Sea Has Enormous Global Implications

Jun 03, 2011 at 07:48 | John Daly

The world’s unceasing quest for new oil deposits has combined with offshore technology to impel many countries to investigate their offshore resources in their “exclusive economic zone,”  (EEZ) defined by…

Peak Oil and the Collapse of the Soviet Union

Peak Oil and the Collapse of the Soviet Union

May 30, 2011 at 08:34 | The Oil Drum

Synopsis: The causes of the fall of the Soviet Union are thought to be inefficiency and the Soviet response to the Reagan Administration’s military buildup of the early 1980s. However,…

UK Government Predicting Peak Oil Within 5 Years

UK Government Predicting Peak Oil Within 5 Years

May 23, 2011 at 22:05 | Professor Chris Rhodes

The UK Secretary for Energy and Climate Change, Chris Huhne, has committed to establish an "Oil Shock Response Plan" to cope with some of the consequences of peak oil (

Sunday Oil Market Roundup

Sunday Oil Market Roundup

May 22, 2011 at 10:32 | Dave Cohen

The Nymex oil price has calmed down a bit in the last week, and now stands at $100.10/barrel.  Mysteriously, that's about 3 bucks higher than it was 2 weeks ago.…

The Bear Case for Oil

The Bear Case for Oil

May 21, 2011 at 11:14 | Mad Hedge Fund Trader

Let’s do some out of the box thinking here. Let’s say that the global economy is really slowing down. The demand for oil will fall. Let’s say that China continues…

Enhancing Oil Recovery: A Look at Stripper Wells

Enhancing Oil Recovery: A Look at Stripper Wells

May 20, 2011 at 09:22 | Dave Summers

The Total (oil company) discussion on Enhanced Oil Recovery has an illustrative graph to explain why there is a growing need to get as much of the oil in a…

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