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Energy

Kurdistan's Huge Oil Reserves Lend Credibility to Iraqi Claims of 115 Billion Barrels

Jan 10, 2012 at 17:10 | The Oil Drum

Whilst much of Iraq may be viewed as in a metastable social and political state, the semi-autonomous northern region of Kurdistan has enjoyed relative peace for a number of years.…

Former Pakistani Water Commissioner Guilty of Treason?

Jan 09, 2012 at 17:45 | John Daly

An ungodly row has erupted in Islamabad over the flight to Canada of Pakistan Commission on Indus Water (PIWC) former chief, Syed Jamaat Ali Shah. Shah’s sin/crime? To…

Natural Gas Giants Forced to GTL Production Following Shale Gas Revolution

Jan 09, 2012 at 16:50 | Al Fin

Gas to liquids (GTL) is a capital intensive process of converting natural gas to either diesel (FT) or gasoline (MTG). The countries of the world with the largest reserves of…

Former IEA Oil Expert: Oil Production Could Begin to Decline in 2015

Jan 09, 2012 at 08:08 | The Oil Drum

The following interview is a guest post by Matthieu Auzanneau, a freelance journalist living in Paris. This article previously appeared in Le Monde.Olivier Rech developed petroleum scenarios for…

Natural Gas Analysis for the Week of January 9, 2012

Jan 09, 2012 at 08:02 | FX Empire

February natural gas continued its descent along a pair of downtrending Gann angles at 2.958 and 2.850 this week. By the end of the week, however, the market had reversed…

How Will Peak Oil Fare in 2012

Jan 09, 2012 at 08:00 | Post Carbon

The returns are in and we now know that world price of a barrel of oil averaged $111 in 2011. This was up 14 percent from last year and well…

A New Liquid Fuel Alternative to Gasoline Developed from Coal

Jan 09, 2012 at 07:58 | James Burgess

We all know that oil reserves are running low, gasoline prices are increasing and eventually it will become too uneconomical for many people to run their vehicles. Several solutions are…

Crude Oil Analysis for the Week of January 9, 2011

Jan 08, 2012 at 11:03 | FX Empire

February Crude Oil closed higher last week despite the stronger U.S. Dollar and a general aversion to risky assets. This only proves what traders have known for weeks that crude…

Allah's Energy Marriage - Saudi Arabia and India

Jan 07, 2012 at 08:54 | John Daly

The only question is, what took so long? Saudi Arabia, OPEC’s leading oil producer and rising BRIC superstar India are deepening their energy ties. India is seeking massive…

Spain's Controversial Natural Gas Undersea Storage Site Nears Completion

Jan 05, 2012 at 18:14 | John Daly

In May Spain’s Castor undersea storage site in the Ebro river delta will come online. The massive facility, Spain’s largest, is capable of storing 50 days’ worth of Spain’s…

For Zimbabwe's Consumers, Electrical Brownouts Beat Blackouts

Jan 05, 2012 at 18:01 | John Daly

According to the World Bank, Zimbabwe is Africa’s third-largest power consumer after South Africa and Nigeria. If that’s the good news, the bad news is - Zimbabwe needs 1,900-2,200 megawatts…

New US Pollution Legislation Could Reduce CO2 Emissions by 4% in Electric Sector

Jan 05, 2012 at 17:32 | Breakthrough Institute

A pair of new federal air pollution regulations could result in the closure of up to 67 aging, inefficient coal-fired power plants, simultaneously reducing both harmful air pollutants and driving…

Will 2012 be a Better Year for Russia's Energy Sector

Jan 04, 2012 at 17:31 | John Daly

For those worried about the Russian Federation using its energy exports to take over the world, 2011 brought a bit of cheer. According to the Russian Federation’s Central Dispatching Department…

How High Commodity Prices could Drive Technological Innovation

Jan 04, 2012 at 17:23 | Tyler Hamilton

Has the global economy entered a long period of persistently high, volatile commodity prices?That’s a question asked recently by international consultancy McKinsey & Co., which analyzed a century…

Five Deep-Wells Shut in Ohio Following Eleven Earthquakes

Jan 03, 2012 at 21:02 | Energy Digital

After a series of 11 earthquakes in the last year, Ohio suspends fluid disposal sites causing the escalating dangerous seismic activity in the area.Ohio has suspended operations of…

Fears Over Smart Grid Failure

Jan 03, 2012 at 20:57 | Gary Hunt

As smart meter deployment reaches saturation points across North America there is disquiet about what is next. It all seemed too fast and too easy. The idea of smarter power…

Recent Findings Reveal Massive Government Funding Behind Advances in Shale Gas Production

Jan 03, 2012 at 19:10 | Breakthrough Institute

The technological revolution allowing for the cheap extraction of natural gas from shale occurred thanks to more than three decades of government subsidies for research, demonstration, and production, a new…

Natural Gas Analysis for the Week of January 2, 2012

Jan 03, 2012 at 19:07 | FX Empire

Another round of selling pressure drove the February Natural Gas futures contract to a new low last week. The market also closed under the psychological $3.00 level, indicating that further…

Nigeria Ends Fuel Subsidies in Face of Protest Threats

Jan 02, 2012 at 17:10 | John Daly

In a nasty New Year’s Day present to his fellow Nigerians, President Goodluck Jonathan directed his administration to end fuel subsidies, effective immediately. Petroleum Products Pricing Regulatory Agency issued a…

Crude Oil Analysis for the Week of January 2, 2011

Jan 02, 2012 at 07:55 | FX Empire

February Crude Oil had a weak follow-through to the upside after a powerful rally the week before. The thin holiday trade was probably the biggest reason for the lack of…

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