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The Oil Drum

Drumbeat: August 2, 2013

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The future of oil: Yesterday’s fuel – The world’s thirst for oil could be nearing a peak. That is bad news for producers, excellent for everyone else
With billions of Chinese and Indians growing richer and itching to get behind the wheel of a car, …
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Energy Products: Return on Investment Is Already Too Low

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My major point when I gave my talk at the Fifth Biophysical Economics Conference at the University of Vermont was that our economy’s overall energy return on investment is already too low to maintain the economic system we are accustomed to. That is …
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Drumbeat: July 31, 2013

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The Whole World Is Getting Richer, and That’s Good News
This month the most accurate source for global data on the size of the world’s economies got a makeover. As a result, we have measures of economic growth and relative income across countries tha…
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Drumbeat: July 29, 2013

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Alwaleed Warns Saudi Oil Minister of Waning Need for Oil
Saudi Prince Alwaleed bin Talal told Oil Minister Ali Al-Naimi in an open letter that the kingdom won’t be able to raise production capacity to 15 million barrels of crude a day as planned, and…
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Will the Bakken “Red Queen” Have to Run Faster?

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This post is an update and continued expansion to my previous posts about tight/shale oil in Bakken/Three Forks in North Dakota (ND):
Is Shale Oil Production from Bakken Headed for a Run with “The Red Queen”? Is the Typical NDIC Bakken Tight Oil We…
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Tech Talk – Of Egyptian Bread and Oil

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The turmoil in the Middle East shows little sign of ending in the near future, and the potential lack of enough cheap fuel for the population is a warning that the levels of unrest may continue and even get worse. There is, however, some hope for enou…
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Drumbeat: July 27, 2013

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On Rooftops, a Rival for Utilities
For years, power companies have watched warily as solar panels have sprouted across the nation’s rooftops. Now, in almost panicked tones, they are fighting hard to slow the spread.

Alarmed by what they say has beco…

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Drumbeat: July 26, 2013

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Antitrust Probe Targets Halliburton’s Fracking Business
A federal antitrust probe into the $36 billion hydraulic fracturing market is increasing pressure on oilfield-service companies already reeling as skyrocketing competition cuts into their profit…
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Drumbeat: July 24, 2013

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Fed Criticized on Oversight of Bank-Owned Commodity Units
The Federal Reserve faces new pressure to explain why it lets banks trade raw materials and control supplies after congressional witnesses said regulators can’t really grasp what lenders are d…
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Drumbeat: July 22, 2013

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Wall Street Commodity Trading in Jeopardy Amid Fed Review
JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group Inc. are among lenders whose commodity-trading is in jeopardy as the Federal Reserve reconsiders letting banks ship oil and store…
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