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China Reports Major Oil And Gas Find At Record Depths

China Reports Major Oil And Gas Find At Record Depths

China National Petroleum Corporation has…

Bullish Fundamentals Drive Oil Prices Higher

Bullish Fundamentals Drive Oil Prices Higher

Oil prices have rallied in…

Reuters: U.S. Agrees To Lift Iran Oil Sanctions

Reuters: U.S. Agrees To Lift Iran Oil Sanctions

The United States has agreed…

Energy

Peak Oil: Low Quality is What is Killing Us, Not Low Quantity

Feb 14, 2011 at 07:20 | Gail Tverberg

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

Feb 14, 2011 at 07:15 | Al Fin

"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

Feb 11, 2011 at 11:52 | Stockopedia

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

Feb 11, 2011 at 10:37 | Bruce Krasting

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

Feb 11, 2011 at 07:48 | Andy Soos

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

Feb 10, 2011 at 08:04 | Business Insider

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

Feb 09, 2011 at 07:41 | Gail Tverberg

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

Feb 09, 2011 at 07:33 | Robert Rapier

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

Feb 08, 2011 at 07:37 | Llewellyn King

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?

Feb 08, 2011 at 07:33 | Joe Weisenthal

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

Feb 05, 2011 at 11:38 | Ferdinand E. Banks

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

Feb 04, 2011 at 09:22 | David Caploe PhD

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

Feb 04, 2011 at 09:11 | Al Fin

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?

Feb 03, 2011 at 07:32 | Gail Tverberg

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

Feb 02, 2011 at 10:25 | Charles Hugh Smith

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?

Feb 02, 2011 at 08:17 | Al Fin

“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

Feb 02, 2011 at 08:15 | Andy Soos

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…

Geopolitical Unrest and World Oil Markets

Feb 01, 2011 at 09:06 | James Hamilton

Change is on the way in the Arab world, with Egypt the latest focal point. Here I review recent events and their implications for world oil markets.

Model, Model: Who’s Got an Oil Market Model

Feb 01, 2011 at 08:26 | Ferdinand E. Banks

I had hoped to give a provocative lecture on the economics of nuclear energy at the forthcoming international meeting of the International Association for Energy Economics in wonderful summer Stockholm,…

Oil Price Could Doom Obama

Jan 31, 2011 at 07:55 | Llewellyn King

Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama’s worst nightmare at election time next year. Among forecasters,…

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