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: July 3, 2013

Egypt’s military holds crisis meeting as deadline looms CAIRO — Leaders of Egyptian armed forces held a crisis meeting Wednesday only hours before their deadline for a defiant President Mohamed Morsi to either yield to mass protests for sweeping poli…  More »

An End to Eight Years of The Oil Drum

Dear Readers of The Oil Drum, A few weeks ago the ISEOF board (The Institute for Energy and Our Future that facilitates The Oil Drum), Euan, Super G, JoulesBurn, and Myself, met to discuss the future of The Oil Drum. A discussion we have had several ti…  More »

Drumbeat: July 1, 2013

Analysis – Big lenders wary of following oil money to North Dakota Many banks remain wary of the past repeating itself. North Dakota saw a surge of oil activity in the 1950s and 1980s, only to have the flare-ups burn out, leaving many residents, munici…  More »

Drilling Faster Just To Stay Still: A Proposal To Use ‘Production Per Unit Effort’ (PPUE) As An Indicator Of Peak Oil

This is a guest post by Andrew McKay, who is a trained ecologist and currently works in fisheries in New Zealand. In his spare time he writes about peak oil and energy issues at Southern Limits. Within the fields of harvest and fisheries management cat…  More »

Drumbeat: June 29, 2013

China media warns Philippines of “counterstrike” in South China Sea (Reuters) – China’s state media warned on Saturday that a “counterstrike” against the Philippines was inevitable if it continues to provoke Beijing in the South China Sea, potentially …  More »

Drumbeat: June 28, 2013

What natural gas glut? Just export, baby, export! Drill, baby, drill! Energy companies are doing that all over America right now, sparking fears of a natural gas glut. But the experts are not concerned, saying demand — especially from overseas — is …  More »

Drumbeat: June 26, 2013

Egypt blames rumors for acute fuel shortage CAIRO (AP) — Egypt’s embattled government on Tuesday blamed rumors and corruption for an acute fuel shortage that has had drivers waiting in long lines to fill their gas tanks — straining already taught …  More »

Additional Iranian Oil Sanctions May Be Counterproductive

A June 6, 2013, article from Reuters is titled, “Lawmakers in new drive to slash Iran’s oil sales to a trickle.” According to it, U.S. lawmakers are embarking this summer on a campaign to deal a deeper blow to Iran’s diminishing oil exports, an…  More »

Drumbeat: June 24, 2013

Supreme Court could consider suit to block sales of high-ethanol gas blend The American Petroleum Institute, the oil industry’s chief lobbying group, has asked the Supreme Court to block sales of E15. The court could decide as soon as Monday whether to…  More »

Tech Talk – Insecurity in the Middle East

The continuing conflict in Syria, and the slow spread of violence in the region around it continue to make it difficult to accurately predict the future of oil exports from the region. Within Syria itself, production had fallen into decline about ten y…  More »

Drumbeat: June 22, 2013

Shale gas won’t stop peak oil, but could create an economic crisis Two years ago, following the publication of the EIA April 2011 report a New York Times investigation obtained internal EIA communications showing how senior officials, including industr…  More »

Drumbeat: June 21, 2013

One million march across Brazil in biggest protests yet (Reuters) – An estimated 1 million people took to the streets in cities across Brazil on Thursday as the country’s biggest protests in two decades intensified despite government concessions meant …  More »

Drumbeat: June 19, 2013

U.S. Considers Exporting More Oil for First Time Since ’70s The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo. Advances such as hydraulic fract…  More »

Energy Export Databrowser Updated to BP 2013 Data

The Energy Export Databrowser has been updated to the latest version of the BP Statistical Review. A few charts are provided below the fold that help illuminate the following stories evident in the data: The US is less reliant on imports from across th…  More »

Drumbeat: June 17, 2013

Clashes erupt at Indonesia demos against fuel hike JAKARTA — Police fired tear gas and rubber bullets at stone-throwing protesters in Indonesia on Monday, as thousands demonstrated nationwide against the government’s plan to increase fuel prices. Se…  More »