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Russia’s Crude Is Trading at $15 Above the Price Cap

Russia’s Crude Is Trading at $15 Above the Price Cap

Russia’s flagship crude grade is…

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

U.S. Drilling Activity Inches Up

U.S. Drilling Activity Inches Up

The total number of active…

Energy

Happy St. Patrick’s Day! Ireland Strikes Oil

Mar 19, 2012 at 16:49 | John Daly

After more than three and one half years of brutal recession that stopped the Celtic Tiger in its tracks, the Irish finally have something to celebrate. On 15 March…

Energy Secretary Chu was Right, US Gas Prices Need to be Higher

Mar 19, 2012 at 16:45 | Ed Dolan

Why would a president want to bring an eminent scientist like Energy Secretary Steven Chu into government? In the hope, one would suppose, that he would speak truth to power.…

Crude Oil Analysis for the Week of March 19, 2012

Mar 19, 2012 at 16:41 | FX Empire

May Crude Oil finished the week with a slight gain. It was a quiet week with the market showing a bias to the downside until Friday when prices surged, taking…

Collateral Damage from Afghan Turmoil - the TAPI Pipeline

Mar 18, 2012 at 09:31 | John Daly

As the reverberations on the 11 March attack by a U.S. soldier on two Afghan villages in Helmand province continue to abrade U.S.-Afghan relations, the deteriorating security situation there after…

Is it Time to Abandon the Oil Sands Debate?

Mar 18, 2012 at 09:27 | Daniel J. Graeber

Canada's natural resources minister told delegates at the International Energy Forum in Kuwait that his country was on the cusp of becoming an "energy superpower." Canada ranks No. 6 in…

The Ugly Politics of Higher Gasoline Prices

Mar 18, 2012 at 09:20 | Gary Hunt

The impacts of higher oil and gasoline prices are beginning to ripple across the economy.  Wells Fargo Economics reported today that higher energy prices increased the producer price index (

Shale Gas in Europe: Poland and Ukraine as Pioneers

Mar 18, 2012 at 09:13 | Ronald Stoeferle

The biggest and most promising European shale gas deposits are located in Poland. The EIA estimates that the Polish shale gas reserves cover more than 300 years of domestic consumption.…

An Eulogy for the Industrial Revolution's Power Source

Mar 16, 2012 at 17:59 | John Daly

The capitalist world has little time for nostalgia, as its primary mission is making money, but a recent pronouncement out of Britain is sounding the incipient death knell for a…

Power Struggles at the Persian Gulf - is Another Gulf War Imminent?

Mar 16, 2012 at 17:58 | Ronald Stoeferle

Iran is currently the fifth-largest oil producer in the world, the second-largest producer in the OPEC, and the third-largest oil exporter worldwide. Of the total production of almost 3.5mn barrels/day,…

Contentious Bulgarian Pipeline Dead, Moscow Less Than Pleased

Mar 15, 2012 at 18:29 | John Daly

Well, it’s official. The Burgas-Alexandroupolis oil pipeline, intended to provide a Thracian bypass for Russian oil to avoid the increasingly congested Turkish Straits tanker traffic, is officially dead. Says who?…

Are Americans Becoming Inured to High Gas Prices

Mar 15, 2012 at 18:21 | Post Carbon

With the EU's debt crisis and the Iranian confrontation relatively quiescent, attention has turned to the incessant increase in U.S. gasoline prices. The Capitol Hill gas station, where at least…

Breakthrough in Fracking Wastewater Cleanup?

Mar 15, 2012 at 18:18 | TCCEA

A fortuitous laboratory accident could lead to a solution to one of the biggest problems associated with natural gas fracking. The prolific yet highly controversial practice of hydraulic fracturing involves…

How to Slash Domestic Gas Consumption by a Factor of Five

Mar 15, 2012 at 18:10 | Tom Murphy

If you are on-board with the sentiment that we should strive to reduce the amount of energy we consume as a means to relieve pressure on a world suffering impending…

FERC: Washington's Reluctant Hero

Mar 15, 2012 at 17:43 | Gary Hunt

The Federal Energy Regulatory Commission is trying to avoid being drawn into the political battle over the regulatory agenda being pursued by the US EPA against fossil fuel emissions…

What's at Stake with Iranian Sanctions?

Mar 14, 2012 at 17:47 | Daniel J. Graeber

Officials from New Delhi are due back from their recent trade visit to Iran with high hopes of an expanded economic relationship. India, together with Japan and China, buy about…

Taiwan Looks to Russia to Secure Energy Imports and Independence from China

Mar 14, 2012 at 17:44 | John Daly

A number of nations live in a diplomatic “twilight zone,” largely bereft of global diplomatic recognition. These include the Turkish Republic of Northern Cyprus, whose unilateral declaration of independence in…

The Global Economy is Now More Vulnerable to Oil Prices than Ever

Mar 14, 2012 at 17:36 | The Oil Drum

This paper examines the impact of oil price changes on global economic growth. Unlike some recent studies, this paper finds that oil price rises have had significant negative impacts on…

A Case for a European FracFocus

Mar 14, 2012 at 17:30 | Daniel J. Graeber

Exxon Mobil's chief executive called for disclosure of so-called fracking fluid during the IHS CERA energy conference last week in Houston. Fracking has become a hot-button issue in the United…

Yemen's Unrest's Larger Implications

Mar 14, 2012 at 17:27 | John Daly

Yemen, beloved of the Travel Channel, is the largely unknown corner of the southwestern Arabia peninsula. Its oil production is modest compared to its giant northern neighbor, Saudi Arabia, but…

A Golden Future for Natural Gas in the US

Mar 14, 2012 at 17:23 | Ronald Stoeferle

The combination of still sharply rising US production, a mild winter in the US, and high inventories caused the Henry Hub price to fall to its lowest level since 2002.…

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