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Energy Transition Fad Will Send Oil Sky High

Energy Transition Fad Will Send Oil Sky High

Ironically, the wave of ESG…

Bullish Fundamentals Drive Oil Prices Higher

Bullish Fundamentals Drive Oil Prices Higher

Oil prices have rallied in…

Energy

Texas Acquisition Shows Shift of Gas Producers to Oil Investment

Apr 05, 2010 at 19:00 | Darrell Delamaide

SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to…

Crude Prices Surge in Week, but Jobless Figures May Dampen Rise

Apr 02, 2010 at 19:00 | Darrell Delamaide

Oil Market Summary for 03/29/2010 to 04/02/2010 In a week shortened by a holiday, crude oil futures reached an 18-month high, but U.S. jobless data released on Friday while commodities…

Good Day for Oil and Gas Companies as US East Coast Officially Opens for Drilling

Apr 02, 2010 at 14:33 | Dave Forest

On wednesday, the Obama administration announced comprehensive new regulations on offshore oil and gas drilling. Potentially opening some significant new acreage previously off limits to the petroleum industry. Under the…

U.S. Decision on Offshore Drilling Holds Promise of Future Oil, Brings Immediate Debate

Apr 01, 2010 at 15:34 | Darrell Delamaide

President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…

OPEC Adding to Capacity Amid Concern Supply will Dampen Oil Prices

Mar 31, 2010 at 15:15 | Darrell Delamaide

OPEC member countries have resumed work on 35 new projects that will increase production capacity by 5 million barrels a day, adding to concerns that the increasing world capacity will…

EU Fuel Standards Become Latest Oil Sand Battlefield for Environmentalists

Mar 30, 2010 at 15:05 | Darrell Delamaide

The latest draft of European Union fuel standards appears to mark a lobbying victory for the Canadian oil industry because it drops tighter restrictions originally envisaged for crude oil derived…

Demand from India Reshaping the Global Coal Market

Mar 26, 2010 at 17:16 | Dave Forest

Attention international coal industry. There's a new kid on the block. The nation of India. India is emerging as a major re-shaping force for the global coal market. With in-country…

Flaws in Weekly EIA Inventory Reports

Mar 26, 2010 at 00:09 | Editorial Dept

"The numbers in this report can't be right -- and yet the market is reacting to them!" -- there's a complaint we've heard so many times about USDA reports, but…

Shell's China Connection Grows Stronger with Another New Gas Venture

Mar 25, 2010 at 15:27 | Darrell Delamaide

Royal Dutch Shell further intensified its relationship with China in a new 30-year accord to appraise and develop tight gas reserves in the Sichuan basin. The new project in the…

Oxford Study Sparks New Round of "Peak Oil" Debate

Mar 24, 2010 at 16:38 | Darrell Delamaide

The debate about “peak oil” flared up again following a new report from Oxford University claiming that conventional oil reserves are inflated by a third and that added reserves from…

Politics and Peak Energy - Have we Reached the Tipping Point?

Mar 22, 2010 at 23:36 | John Howe

Economic success, growth, and an affluent (happy) consumer lifestyle directly depend on an abundance of inexpensive energy. Conversely, the quantity and type of energy consumed can have a very adverse…

As Natural Gas Prices Languish the Gulf of Mexico Executes a Successful Oil and Gas Lease Sale

Mar 22, 2010 at 19:30 | Dave Forest

The Central Gulf of Mexico Oil and Gas Lease Sale 213 attracted 642 bids from 77 companies on 468 lease tracts. Most impressive was what these companies paid. High bids…

The U.S. No Longer Controls the Price of Oil in a Peak Oil World

Mar 20, 2010 at 16:01 | Business Insider

Back in the days when US oil demand controlled the price of oil, a massive recession in the United States would have sent oil to 12.00 dollars a barrel. That…

Oil Sands Potential for Energy Security

Mar 19, 2010 at 19:14 | W.Jack Ford

The increasing use in the United States of gasoline, jet fuel and other petroleum products made from Canada’s oil sands has aroused opposition from Canadian and U. S. environmentalists equal…

Happy 50th Anniversary Year OPEC

Mar 18, 2010 at 16:04 | Ferdinand E. Banks

On September 14, 1960 OPEC began operations as an ad-hoc talk-shop of sorts, and five years later became a permanent part of Vienna’s international bureaucracy.  I have decided to send…

Where will Natural Gas Prices Go Now That Inventories Have Been Drawn Down

Mar 18, 2010 at 06:02 | Dave Forest

Mother Nature's been good to the North American natural gas sector. Not only did she gift several massive shale gas plays over the last few years. She also…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 2)

Mar 17, 2010 at 15:11 | Dennis Edison

As T. Boone Pickens is touting, we could replace one-third of our dependence on oil within just a few years with natural gas if we would simply embrace the alternative.…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 1)

Mar 17, 2010 at 15:06 | Dennis Edison

If I may, I would like to rebut or add a little objectivity to the flood of “Peak Oil” articles circulating around. When I see another crisis looming in the…

Crude Prices Stagnate Amid Doubts About Global Demand

Mar 12, 2010 at 23:40 | Darrell Delamaide

Oil Market Summary 03/08/2010 to 03/12/2010. Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the…

DOE Stimulus Grant Throws Spotlight on Growing Need for Energy Storage

Mar 11, 2010 at 13:48 | Darrell Delamaide

A new stimulus grant of $100 million from the U.S. Department of Energy that includes support for grid-scale energy storage projects is the latest sign of the growing need to…

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