Energy

Jan 24, 2011 at 08:14 | Al Fin

While Russia is rich in oil and gas resources, the Russian government in 2008 had to introduce a US$4.2 billion tax cut at mid-year to reverse declining production after a…

Jan 24, 2011 at 08:04 | Ferdinand E. Banks

This short paper borrows from my forthcoming energy economics textbook (2011), and consists of a part of the lecture that I once desperately wanted to present at either the Stockholm…

Jan 23, 2011 at 09:01 | Gail Tverberg

We know that peak oil will be here soon, and we feel like we should be doing something. But what? It is frustrating to know where to start. In this…

Jan 22, 2011 at 09:27 | Professor Chris Rhodes

The price of oil has oscillated from an all-time hike of almost $150 a barrel to a low of $30, hand in hand with the credit-crunch and the inextricable economic…

Jan 21, 2011 at 07:18 | Brian Westenhaus

The UK’s University of Bradford researchers are proposing a method for increasing the yield of the middle distillates, gasoline, jet fuel, and diesel fuel at the refinery by applying…

Jan 20, 2011 at 15:12 | Al Fin

North Dakota's Bakken shale oil deposits were supposed to have only 4.3 billion barrels of proven reserves. But that number keeps rising -- as do the production numbers from Bakken…

Jan 20, 2011 at 15:09 | Editorial Dept

Chinese geologists have detected "super-thick" oil and gas-bearing stratums in the northern part of the South China Sea and identified 38 offshore oil and gas-bearing basins, a senior official said…

Jan 20, 2011 at 06:45 | Joe Weisenthal

Petro-dictatorships typically boom and bust with the price of oil, so you'd think that Venezuela would be riding high right now. But a new report from Morgan Stanley presents a…

Jan 19, 2011 at 13:23 | Gregory Feifer

What a difference a couple of years makes. In 2008, gun-wielding police commandos raided BP's Moscow offices in what many saw as an attempt to pressure the company to relinquish…

Jan 19, 2011 at 12:37 | James Hamilton

On Friday Reuters reported: Rising gasoline prices beat down U.S. consumer sentiment in early January, overshadowing an improved job outlook and passage of temporary federal tax breaks, a survey…

Jan 19, 2011 at 08:42 | Kurt Cobb

If you write about, speak about, or talk with your family, friends and co-workers about peak oil, you've almost certainly been asked: "Well, who else is saying what you're saying?"…

Jan 19, 2011 at 08:21 | Ed Dolan

Economists can't always conduct controlled experiments to test hypotheses about public policy, but sometimes experiments occur naturally. New York City electric rates provide an example. About 1.75 million New York…

Jan 18, 2011 at 08:40 | The Oil Drum

The Hubbert model says that, within a reasonably large region, oil production should follow a bell shaped curve. When the model is applied to worldwide oil production, the maximum level…

Jan 18, 2011 at 08:16 | Al Fin

With the price of oil hovering above $70 a barrel for over a year -- and around $90 a barrel for several weeks -- oil exploration companies can get to…

Jan 17, 2011 at 08:59 | Gregory R. Copley

Energy has now become literally a component, an organ, of the human being in modern society. Energy dependence/capability — now a fundamental trait of modern human logic and survival…

Jan 17, 2011 at 08:43 | Gail Tverberg

I have written quite often saying that rising oil prices can be expected to lead to debt defaults. For a while, some of this was hidden through lower oil prices…

Jan 17, 2011 at 08:33 | Al Fin

Jorge Pinon, an energy expert at Florida International University in Miami, said that Venezuela's state oil company has suffered from a lack of adequate technology and investment, hurting oil output…

Jan 15, 2011 at 09:04 | Al Fin

Estonia's largest oil shale mining company, Eesti Energia, reported the largest oil shale production figures in 18 years for 2010 - 17 million tons, up 3 million tons from the…

Jan 14, 2011 at 10:09 | The Oil Drum

The dramatic fall of Mexican oil production, and its largest field Cantarell, is often cited as a signature example of the problems facing Non-OPEC supply. Since the production highs of…

Jan 13, 2011 at 13:32 | Llewellyn King

According to a loosely-organized apocalyptic Christian movement, May 21, 2011 will be the "end of days."  On or about that same date, the price of oil in the United States…