 |
Louisiana Light • 2 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.717 | -0.008 | -0.30% |
|
Bonny Light • 1 day | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 1 day | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 2 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 8 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 8 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 8 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 8 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 2 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 5 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.50 | -0.68% | ||
|
Buena Vista • 5 days | 87.31 | +0.41 | +0.47% |
Breaking News:
Biden Administration Plans 12 Offshore Wind Auctions by 2028
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Energy
A New Idea on Energy Extraction From Oil Shale
A team at Stanford University is proposing using solid oxide fuel cells as the basis for a method for electricity production from oil shale with in situ carbon capture…
Peak Oil Update - April 2011
The US Energy Information Administration’s January oil production figures are out, and they show record oil production. Where are we headed from here? While production for January is up a…
The Shale Oil Boom No One's Talking About (Until Now)
Shale oil & gas is the talk of many a newsletter writer right now. But very few are talking about the region of Atlantic Canada. You see, as the global…
Donald Trump’s Naive Views on Energy: "Just Take the Oil We Need"
I am constantly amused by the views of presidential candidates on energy policy. Their views are either so disingenuous or so naive that I often find it difficult to vote…
Developing a Valid Picture of Fossil fuels and our Future
One of the problems in trying to project future demand and supply of oil and the other fossil fuels is that the decisions on their availability and use are often…
United States Budget Problems and the Oil Supply
We see endless fighting between the Democrats and Republicans about the budget, but no real explanation as to what the issues are. My view is that there is a structural…
A Different Idea on Where Hydrocarbons Come From
A research team including colleagues at UC Davis, Lawrence Livermore National Laboratory and Shell Projects & Technology is offering a new computational study published in the Proceedings of the…
Engineers Are Now Wearing the Poet's Mantle
F. Scott Fitzgerald supposedly told Ernest Hemingway, “The rich are different from you and me.” And Hemingway supposedly replied, “Yes, they have more money.” Engineers are different from the rest…
Gloves Are Off as Big Banks Disagree on Oil Price Outlook
Goldman Sachs surprised the market when the investment bank advised its clients on Monday, April 11 to liquidate the "CCCP basket" for a 25% profit. The bear call was partly…
Energy Breakthrough: One Step Closer to Extracting Hydrogen From Water
A research team at Ecole Polytechnique Fédérale de Lausanne (EPFL) in Switzerland has announced they have come upon a new catalyst for electrolysis to split hydrogen out of water.…
Report from Libya: Oil Majors Were Ready to Walk Before Trouble Started
Over the weekend, I managed to catch up with a friend of mine who just escaped from Libya by the skin of his teeth. Sent there by an oil major…
A Possible Solution to Sudden Oil Price Spikes
One of my recent essays discussed the relationship between high oil prices and recession. Consumers who suddenly find themselves paying more for fuel are hit with the equivalent of…
Differences in the Price of Oil: Brent-WTI Spread
The puzzling differential between the price of oil in different markets seems to be persisting. For most of the last decade, there was very little difference between the price of…
Saudi Arabia Has Not Made up for the Drop in Libyan Oil Production
The OPEC Monthly Oil Market Report and IEA Oil Market Report both came out on Tuesday last week and allowed us to see how events in the Middle…
The Global Prospects for Shale Gas
I thought it worthwhile spending a post looking at the global prospects for gas shale. I am indebted to Art Berman for first bringing some of the problems to…
Gasoline Prices and the Oil Supply Problem
I paid $50 to fill my tank at a gas station in Maine this morning, at a cost of almost $4 a gallon. When the Actress muttered some comment of…
Israel May Hold the World’s Third Largest Reserve of Shale Oil
Last summer huge deposits of natural gas were found along Israel's northern coastline. As with almost everything having to do with that controversial country, both Israelis and others found this…
Is Natural Gas About to Make a Comeback
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Saudi Arabia Oil Exports to Decrease Due to Increased Domastic Demand
Oil importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies. In 2005, Matt Simmon’s book Twilight in the Desert did much to call…
Expect Wide Swings in Oil Prices and Increasing Volatility
The reasons for oil to keep rising are well known--perhaps too well known. Let's look at some charts to illustrate the swirling currents in the global oil market. Why do…
