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Oil Futures Capped By Demand Concerns

Oil Futures Capped By Demand Concerns

Oil prices are once again…

Can Biden Decarbonize The U.S. Power Sector In 15 Years?

Can Biden Decarbonize The U.S. Power Sector In 15 Years?

Joe Biden’s plan to decarbonize…

Energy

Libya's Role in World Oil Production, Past and Future

Feb 24, 2011 at 08:04 | The Oil Drum

Libya is a relatively new country, having declared independence in 1951. For the last 39 years, the country has been ruled by a single man, Colonel Muammar al-Gaddafi. Over the…

Nomura: $220 Oil Possible if Libya and Algeria Halt Oil Production

Feb 24, 2011 at 07:51 | Joe Weisenthal

Forget the biggies. If just Algeria and Libya were forced to stop production, oil could rocket to $220.That's according to Nomura (via ZeroHedge): We have identified three distinct…

The True Cost of High Oil

Feb 23, 2011 at 22:27 | Mad Hedge Fund Trader

Economists are furiously downsizing their economic growth forecasts for 2011 in the wake of the oil price spike, both for the US and for the world at large. Since last…

Why a Stable Libya is So Important to OPEC and World Oil Production

Feb 23, 2011 at 09:35 | Gail Tverberg

We keep hearing about unrest in the Middle East and Northern Africa, with Libya being the latest country to get top billing. Why all of the concern, especially related to…

Global Energy Briefs

Feb 23, 2011 at 07:35 | Global Intelligence Report

Iran-Pakistan Pipeline Construction Suspended Though no reason has been given, Iran has announced that construction of the Iran-Pakistan natural gas pipeline has been suspended and will tentatively be resumed in…

Floating Crude and Shipping Rates Could Trigger $4 Gas

Feb 23, 2011 at 07:28 | Bruce Krasting

Is $4 Gas in the Next few Months a Foregone Conclusion For years there has been a large supply of crude floating on big oil tankers. A significant portion of…

Georgia to Have Russian Company Finance Sale of Shares in State-Owned Power Company

Feb 23, 2011 at 07:23 | Global Intelligence Report

Despite their ever-sour relations and the recent short war they fought over the breakaway region of South Ossetia, Georgia is planning to have the majority Russian shareholder in its state-owned…

Historical Insights into the Dark Side of Coal

Feb 23, 2011 at 07:17 | The Oil Drum

I have a special emotional relationship with Telemaco Signorini's painting "The Riverbank." The area shown in the panting has changed very little from the time when the painting was made…

Why are WTI and Brent Prices so Different?

Feb 22, 2011 at 09:53 | Gail Tverberg

We have all heard at least a partial explanation as to why West Texas Intermediate (WTI) and Brent prices are so far apart. We have been told that the Midwest…

The Natural Chaos of Climate

Feb 22, 2011 at 09:21 | Al Fin

Earth's climate is driven by ongoing cycles on many levels. When natural resonant cycles overlap -- at whatever level -- they can contribute to a chaotic pattern.

Investors Unconcerned with Chevron's $8.6 Billion Pollution Fine

Feb 22, 2011 at 09:19 | Christopher Cundy

An Ecuadorian court has a slim chance of enforcing an $8.6 billion pollution fine against Chevron, according to one lawyer, and investors seem unconcerned with the development. On Monday, a…

The Resurrection of Peak Oil

Feb 21, 2011 at 15:31 | Mad Hedge Fund Trader

It has been a long wait for “peak oilers,” whose passionate belief is that the world will run out of oil in coming years, sending prices through the roof. This…

Carbon Emissions Could Cost $8 Trillion Over the Next 20 Years

Feb 21, 2011 at 08:40 | Graham Cooper

The economic cost of carbon emissions over the next 20 years could amount to $8 trillion, according to a study by investment consultants Mercer. This is what will happen if…

Realignment in Oil Pricing Could Dramatically Effect Energy Stocks

Feb 21, 2011 at 08:32 | Business Insider

The historic disconnect between West Texas Intermediate, the global oil benchmark traded at the Chicago Mercantile Exchange(CME), and Brent crude oil, the relative "upstart" traded at the IntercontinentalExchange(ICE), is more,…

Can Zero Point Energy Gain Credibility?

Feb 21, 2011 at 08:26 | Brian Westenhaus

There is a lot of activity in Zero Point Energy around the world.  In the U.S. it remains an oddball or unscientific field.  In other places the science is taken…

Egypt’s Declining Oil Fields Lead to Growing Reliance on Natural Gas

Feb 18, 2011 at 09:02 | The Oil Drum

Current events in Egypt and throughout the Arab world have captivated world attention and with good reason — in 2009, Arab nations exported approximately 17 million barrels of oil and…

A Look at Oil Shale

Feb 18, 2011 at 08:41 | Andy Soos

Oil shale, which is an organic-rich fine-grained sedimentary rock, contains significant amounts of kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be extracted. Kerogen requires…

Peak Oil is Not a Future Event – Saudi Arabia’s Overstated Reserves Help Prove This

Feb 18, 2011 at 08:35 | Business Insider

A lot of noise is being made about Wikileaks info that says the US thinks the Saudi’s are overstating their Proven Reserves by about 40%. This isn’t news.  It has…

Is shale Oil the Answer to Peak Oil?

Feb 17, 2011 at 08:11 | Gail Tverberg

Readers have been asking questions about a couple of shale oil articles recently. One is an AP article called New drilling method opens vast oil fields in US. A…

Synthetic Petrol Causing Ecological Concerns in Iran

Feb 17, 2011 at 08:02 | IWPR

Tehran says it is becoming self-sufficient in petrol, in the hope of warding off the pain of further economic sanctions. But the effort has many detractors inside Iran, who say…

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