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Chevron Permian

The Permian Boom Is Going Bust

Oil companies are already beginning…

Cushing tanks

Could Oil Really Fall To $0?

More bad news for the…

Energy / Crude Oil

What is Big Oil Thinking but Not Saying

What is Big Oil Thinking but Not Saying

Jan 07, 2011 at 11:10 | Brian Westenhaus

Big Oil is much smarter than people think.  By Big Oil this writer means the free world’s independent oil companies.  For those watching, Big Oil has been shifting the publicly…

Oil Industry Still Coming Under Fire

Oil Industry Still Coming Under Fire

Dec 31, 2010 at 10:44 | Gail Tverberg

Bashing the oil industry seems to be popular. The most recent example is the New York Times’ editorial They haven’t learned. I don’t think any industry is perfect, but…

In Situ Technologies and the Canadian Oil Sands

In Situ Technologies and the Canadian Oil Sands

Dec 31, 2010 at 10:41 | Al Fin

For oil sands that are too deep for surface mining operations, some form of "in-situ" is needed to extract the oil. Most in-situ operations involve the injection of steam into…

Iraq Oil Output Highest in 20 Years

Iraq Oil Output Highest in 20 Years

Dec 30, 2010 at 10:24 | ISN Security Watch

Iraq's new oil minister, Abdul Kareem Luaibi, said the country's oil output has reached 2.6 million barrels per day, the highest level for more than 20 years. Luaibi said developing…

What Can we do Now About Peak Oil

What Can we do Now About Peak Oil

Dec 29, 2010 at 06:41 | Gail Tverberg

Our problem now is that we have built a complex economy that depends on oil and other fuels. We can see that we will have less oil in the future.…

World Oil Production – A Look Ahead

World Oil Production – A Look Ahead

Dec 28, 2010 at 10:40 | Gail Tverberg

If we look at a graph of historical world oil production, we see a somewhat bumpy production pattern with two major price spikes (in 2009 $)–one peaking in 1981 and…

Huge Amount of Oil Available, But…

Huge Amount of Oil Available, But…

Dec 26, 2010 at 09:45 | Gail Tverberg

There is a huge amount of oil which theoretically can be extracted, but the question is whether the cost will be cheap enough for us to be able to afford…

Why Peak Oil Matters

Why Peak Oil Matters

Dec 21, 2010 at 10:55 | The Oil Drum

It is easy to become befuddled by the current discourse on peak oil. Peak oil is defined generally as the point at which the flow rate of oil to society…

A Look at Oil Company Subsidies

A Look at Oil Company Subsidies

Dec 02, 2010 at 19:41 | Robert Rapier

Following my recent essay on the elimination of the VEETC, the major ethanol subsidy in the U.S., some ethanol supporters argued for continuing the subsidies because oil companies receive…

A Detailed Look at the Middle East OPEC Oil Reserves

A Detailed Look at the Middle East OPEC Oil Reserves

Dec 01, 2010 at 11:31 | The Oil Drum

According to the BP statistical review of world energy 2010, the big six Middle East OPEC oil producers (Saudi Arabia, Iran, Iraq, Kuwait, Unite Arab Emirates (UAE) and Qatar)…


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