The Oil Drum

The Oil Drum

Discussions about energy and our future. You can read more from the Oil Drum at www.theoildrum.com

Drumbeat: January 12, 2013

New Saudi refineries to reduce crude oil export cushion DUBAI: Saudi Arabia’s drive to build new refineries means its maximum capacity to export crude, the big gun it aims at other producers wanting higher oil prices, is set to decline over the next …  More »

Drumbeat: January 11, 2013

High costs threaten Norway’s oil recovery STAVANGER, Norway, (Reuters) – Oil production in Norway, the world’s eighth-biggest exporter, will fall to a 25-year low in 2013 and an anticipated slow recovery in subsequent years is threatened by rising cost…  More »

Why Malthus Got His Forecast Wrong

Most of us have heard that Thomas Malthus made a forecast in 1798 that the world would run short of food. He expected that this would happen because in a world with limited agricultural land, food supply would fail to rise as rapidly as population. In …  More »

Clean and Green Investment Forum

On December 3 and 4 I attended Opal Financial’s 2012 Clean and Green Investment Forum. I was invited to moderate a panel on “Market Outlook for Renewables vs Fossil Fuels”. Forum participants included many investors and strategists with an interest i…  More »

Drumbeat: January 9, 2013

Obama Environmental Picks Seen Focusing On Oil Boom Four years ago, President Barack Obama said his energy and environmental advisers would work to develop a “new hybrid economy” based on wind, solar, and other renewable energy sources. Lisa Jacks…  More »

Drumbeat: January 7, 2013

As Biofuel Demand Grows, So Do Guatemala’s Hunger Pangs GUATEMALA CITY — In the tiny tortillerias of this city, people complain ceaselessly about the high price of corn. Just three years ago, one quetzal — about 15 cents — bought eight tortilla…  More »

Drumbeat: January 5, 2013

Exports of American Natural Gas May Fall Short of High Hopes HOUSTON — Only five years ago, several giant natural gas import terminals were built to satisfy the energy needs of a country hungry for fuels. But the billion-dollar terminals were obsolet…  More »

Drumbeat: January 4, 2013

Japan: ‘Warmth-sharing’ movement spreads Winter cold is not only uncomfortable but also sometimes expensive, and increased power use this time of year adds an extra burden to the already taxed power grid, which is why both the government and ordinary …  More »

#1 – Does the U.S. Really Have More Oil than Saudi Arabia?

The Oil Drum staff wishes a Happy New Year to all in our readership community. We are on a brief hiatus during this period, and will be back with our regular publications early in the new year. In the meantime, we present the top ten of best read Oil D…  More »

Drumbeat: January 2, 2013

Rosneft leads Russian oil output to new high MOSCOW (Reuters) – More crude from state-owned top producer Rosneft kept Russian oil output the highest in the world last year, ahead of Saudi Arabia, Energy Ministry data showed on Wednesday. Crude output …  More »

#2 – After The Gold Rush: A Perspective on Future U.S. Natural Gas Supply and Price

The Oil Drum staff wishes a Happy New Year to all in our readership community. We are on a brief hiatus during this period, and will be back with our regular publications early in the new year. In the meantime, we present the top ten of best read Oil D…  More »

#3 – Is Shale Oil Production from Bakken Headed for a Run with “The Red Queen”?

The Oil Drum staff wishes a Happy New Year to all in our readership community. We are on a brief hiatus during this period, and will be back with our regular publications early in the new year. In the meantime, we present the top ten of best read Oil D…  More »