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The Shipping Industry’s $1 Trillion Problem

The Shipping Industry’s $1 Trillion Problem

The global shipping industry is…

Russia Bets Big On The World's Least Explored Oil Frontier

Russia Bets Big On The World's Least Explored Oil Frontier

With international sanctions forcing Russia…

Energy

How Big a Role Will Shale Gas Play in America’s Energy Future?

How Big a Role Will Shale Gas Play in America’s Energy Future?

Nov 19, 2012 at 12:32 | Stuart Burns

Some people herald it as the start of a new dawn, and others condemn it as a potential environmental disaster.I am talking of course about shale gas and…

After Being Offline Since 2011, South Sudan Oil to Flow Again

After Being Offline Since 2011, South Sudan Oil to Flow Again

Nov 19, 2012 at 12:29 | John Daly

On 14 November, South Sudan President Salva Kiir declared during a meeting he held in Juba with visiting Kenyan deputy Prime Minister Uhuru Kenyatta that his country's oil production will…

How Will Oil Production Impact the Economy Over the Coming Decade

How Will Oil Production Impact the Economy Over the Coming Decade

Nov 19, 2012 at 11:49 | Post Carbon

A paper published recently by the IMF gives us some insight into how oil prices and availability might affect the global economy in the next decade. The paper, entitled Oil…

"Weak Demand" Does Little to Deter Keystone XL Support

"Weak Demand" Does Little to Deter Keystone XL Support

Nov 16, 2012 at 17:47 | Daniel J. Graeber

The American Petroleum Institute reported that October demand for petroleum products was at its lowest level for any October in 17 years. John Felmy, the group's chief economist, said demand…

Is Iran Using an Insurance Scam to Cover its Oil Tankers?

Is Iran Using an Insurance Scam to Cover its Oil Tankers?

Nov 16, 2012 at 17:43 | James Burgess

An interesting article has today been published by Forbes which investigates the possibility that Iran has set up a false insurance company, offering illegal insurance policies, in order to…

BP's Billion Dollar Settlement: Here's Where the Money Will Go

BP's Billion Dollar Settlement: Here's Where the Money Will Go

Nov 16, 2012 at 17:41 | Climate Progress

Yesterday, the Justice Department announced BP agreed to plead guilty to 14 criminal charges stemming from the 2010 Deepwater Horizon oil spill and agreed to pay $4.5 billion in…

Ten Predictions Made by the IEA's 2012 World Energy Outlook

Ten Predictions Made by the IEA's 2012 World Energy Outlook

Nov 16, 2012 at 17:35 | Matt Smith

The IEA’s 2012 World Energy Outlook has spurned many a headline since its release on Monday, which should be none too surprising given it is 688 pages long. The…

China Energy Outlook: China's Energy Strategy for the Future

China Energy Outlook: China's Energy Strategy for the Future

Nov 16, 2012 at 17:31 | The Oil Drum

Globally, only two reports are published on an annual basis wherein the world’s energy situation is fully scrutinized. These have a huge impact because in many government and company decision…

Canada Targets Unemployed US Oil Workers

Canada Targets Unemployed US Oil Workers

Nov 15, 2012 at 17:44 | Jen Alic

Canada is predicting a doubling of oil production by the end of this decade. This means it will have to secure its workforce to the tune of tens of thousands…

IEA Manipulates Stats to Predict Unrealistically High Oil Forecasts

IEA Manipulates Stats to Predict Unrealistically High Oil Forecasts

Nov 15, 2012 at 17:34 | Gail Tverberg

The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become…

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