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Energy / Crude Oil

Why the Age of Oil May Soon End Even Though It Has Only Just Begun

Why the Age of Oil May Soon End Even Though It Has Only Just Begun

Nov 10, 2010 at 11:56 | Al Fin

Petroleum is thought to have originated mainly from the remains of sediments of photosynthetic organisms which sedimented from ancient seas, and were heated and compressed by geological processes. Assuming that…

Proven Oil Reserves Will Continue to Increase With Time

Proven Oil Reserves Will Continue to Increase With Time

Nov 02, 2010 at 13:17 | Al Fin

Proved oil reserves at the end of 2008 are estimated to have been 1258.0 thousand million (billion) barrels. That represented an increase of 17.7% over the 1997 figure of 1068.5…

Is Peak Oil Slowly Fading into the Dawn?

Is Peak Oil Slowly Fading into the Dawn?

Oct 27, 2010 at 10:43 | Al Fin

Peak oil has taken on the trappings of an apocalyptic religion recently. True believers tout "Hubbert Curves" and "Simmons Depletion Analyses" in circular jerkulars and echo choruses across the webosphere.…

Oil and Empire: The Great Game of Geopolitics

Oil and Empire: The Great Game of Geopolitics

Oct 22, 2010 at 10:00 | Charles Hugh Smith

The Great Game is afoot and no matter how we may disapprove of the Global Empire, we would be wise not to discount the cards it alone holds. Geopolitics is…

The True Cost of Oil

The True Cost of Oil

Oct 21, 2010 at 08:28 | Mad Hedge Fund Trader

I received some questions last week on my recent solar pieces as to whether I minded paying more money for “green” power. My answer is “hell no,” and I’ll tell…

The Age of Easy Oil is Not Over

The Age of Easy Oil is Not Over

Oct 21, 2010 at 08:19 | Al Fin

The oil minister of Saudi Arabia says that the nation's oil fields still have plenty of cheap and easy crude yet to be pumped. Saudi Arabia's and the world's largest…

Venezuela to Supply Belarus With 30 Million Tons of Oil

Venezuela to Supply Belarus With 30 Million Tons of Oil

Oct 20, 2010 at 08:22 | Bruce Pannier

Venezuelan President Hugo Chavez visited Belarus on October 16 promising President Alyaksandr Lukashenka that Venezuela could fill Belarus's oil refineries "for the next 200 years." The Venezuelan leader, whose policies…

The Coming Boom in Oil Shale

The Coming Boom in Oil Shale

Oct 18, 2010 at 08:45 | Al Fin

The US is sitting on more reserves of oil-equivalent than is likely to be found in the entire Persian Gulf. Under the Obama regime that is all the US will…

The Gold Rush in Iraq

The Gold Rush in Iraq

Oct 17, 2010 at 10:05 | Mad Hedge Fund Trader

There is a Gold Rush Underway in Iraq, with major implications for the rest of us. The success of the recent oil auctions in Iraq is creating a windfall for…

Not So Nice About Oil

Not So Nice About Oil

Oct 17, 2010 at 09:53 | Ferdinand E. Banks

Last week I gave a lecture in Paris at the Université de Paris (Dauphine), in which I did my usual best to explain to a group of energy economics students…

  
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