 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 4 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 11 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 11 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 11 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
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Gas Prices Hit Record Levels for February
U.S. gasoline prices have jumped to the highest levels ever for the middle of February. The national average hit $3.127 per gallon on Friday, about 50 cents above a year…
A Very Unfriendly Note on Electric Deregulation
Some years ago I was engaged in a half-serious one-man crusade to stop electric deregulation in Sweden. As with most one-man or one-woman crusades, it was doomed to failure; but…
The Yamal-Europe Natural Gas Pipeline
The 33 billion cubic meters per year (bcm/y) that Europe receives via the Yamal–Europe Pipeline is slightly over 27% of its total natural gas imports from Russia. Of that total,…
Peak Oil: Low Quality is What is Killing Us, Not Low Quantity
The Peak Oil argument focuses on the question “How much oil?” We spend a lot of time discussing the exact inputs for Hubbert Linearization and projections of Ultimate Recoverable Reserves,…
Oil Production Rising Once Again in North America
"Peak oil in North America is likely not to be peak" given $90 per barrel prices and new technology that makes it easier to recover oil, he [Peter Tertzakian] said.…
Tullow Oil Makes New Discovery off Ghana
Tullow Oil (LON:TLW) , the FTSE 100 oil and gas giant has made a new hydrocarbon discovery with the first well on its 2011 multi-well exploration campaign in the West…
Large Oil tanker Seized by Somali Pirates – Military Action Not Far Off
The Somalian pirates seized another big ship the other day. This time it was a large oil tanker. I spoke with a friend who owns ships and lives in Athens…
Study to Look Into the Polluting Effect of Fracking
Congress commissioned the Environmental Protection Agency to study hydraulic fracturing, or "fracking", after complaints that the process pollutes water. The EPA is slated to make public initial results of the…
Shale Gas Revolution is Changing the Politics of Energy
The natural gas cartel, a dream of Russia’s just a few years ago, is dead. It died when a natural gas revolution broke out and Gazprom lost. Energy importing nations…
Don’t Count on Natural Gas to Solve US Energy Problems
We often hear statements suggesting that by ramping up shale gas production, the US can raise total natural gas production and solve many of its energy problems. While there is…
Natural Gas Will do More Than Renewables to Limit the World's Carbon Emissions
The Economist just finished hosting an online debate on natural gas. The resolution was an interesting one: This house believes that natural gas will do more than renewables to…
Israel Set To Join the Rich Countries Club
From Israel, there is good news and bad news. The good news – and it is huge – is that Israel will soon be awash in natural gas. Gas discovered…
What Would Higher Oil and Gasoline Prices do to the Recovery?
Honestly, oil prices have been moored to around $90 for so long, we're kind of giving up on the whole $100 barrel idea, but obviously a lot of folks think…
In the Head of Energy Secretary Chu
As most readers of this short paper probably know, Dr Steven Chu is the energy secretary of the United States, a physicist, and a Nobel Laureate. Discovery Magazine, in its…
China's Enormous Appetite for Coal Causing Environmental Concerns
Even as developed countries close, or limit construction of, coal-fired power plants out of concern over pollution and climate-warming emissions, coal has found a rapidly expanding market elsewhere: Asia, particularly…
North America’s Bounty of Unconventional Hydrocarbons
North America contains a huge portion of global hydrocarbons, when unconventionals are taken into account. As the price of oil creeps ever higher over time, engineers and technologists are developing…
How is an oil shortage like a missing cup of flour?
If I bake a batch of cookies and the recipe calls for two cups of flour, but I have only one, it is pretty clear that I can’t bake a…
Alternative Energy, Fossil Fuels and the Importance of Middle East Oil
Below are a series of charts that take a look at the current situation of alternative energy, oil and other fossil fuels and the importance of Middle Eastern Oil Supplies:…
Is Peak Oil Slipping Backwards to the Year 2060 and Beyond?
“The estimates for how much oil there is in the world continue to increase,” according to William M Colton, Exxon Mobil’s vice president for corporate strategic planning. “There’s enough oil…
Exxon’s Hunt for Oil in the Black Sea
The quest for oil is an ever on going saga of the modern age. US-based ExxonMobil, the biggest privately-controlled oil company in the world, will make a new investment in…
