The Oil Drum

The Oil Drum

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

Tech Talk – A June TWIP and the OPEC MOMR

The EIA has noted in This Week in Petroleum that, for the first time, the sum of non-OECD country demand contributed more than half to the total of liquid fuels consumed in the world. Figure 1. Changes in the relative shares of liquid fuel consumption…  More »

Drumbeat: June 15, 2013

The Shrinking Road, Part 1: Have We Hit ‘Peak Cars’? BOULDER, Colo. — Remember the concept of “peak oil”–that the world will soon achieve the maximum rate of petroleum extraction possible, if it hasn’t already? Now the question may be have we reached…  More »

Drumbeat: June 14, 2013

Pentagon bracing for public dissent over climate and energy shocks Top secret US National Security Agency (NSA) documents disclosed by the Guardian have shocked the world with revelations of a comprehensive US-based surveillance system with direct acce…  More »

Drumbeat: June 12, 2013

Fuel-short Egypt faces long, hot summer CAIRO (Reuters) – A gift of gas to Egypt from tiny Qatar shows just how tough this summer is shaping up to be for the government in Cairo, facing a funding crunch and power cuts as it struggles to contain explos…  More »

Drumbeat: June 10, 2013

Peak oil: preparing for the extinction of ‘petroleum man’ (interview with Kjell Aleklett) At the turn of the century, certain sections of the scientific community noticed a small but ominous speck on the horizon. Over the years, this speck has advanced…  More »

Low energy return on investment (EROI) need not limit oil sands extraction

This is a guest post by Adam Brandt, Assistant Professor from Stanford University, Department of Energy Resources Engineering. 1. Introduction Low energetic returns (e.g., EROI, NER) from oil sands extraction and upgrading have been noted as a potentia…  More »

Tech Talk – Concerns over Future Oil Production from Iraq

Let me begin with two brief apologies – first, my last post on Iraq on TOD was hit with a vast quantity of spam that made it difficult to find all the pertinent comments; hopefully this post will have a little easier time. And secondly, although I u…  More »

Drumbeat: June 8, 2013

OPEC’s slipping grasp on the world’s oil market At OPEC’s home base in Vienna last week, Saudi Arabia’s powerful oil minister, Ali al-Naimi, played down the impact of the light, sweet crude that is gushing in record volumes from beneath North …  More »

Drumbeat: June 7, 2013

Dangerous Times As Energy Sources Get Costlier To Extract Remember the term “peak oil”? With all the oil now available from oil shale, tar sands, and other new sources, many analysts assume that the old talk of peak oil has been proven dead wrong. …  More »

Drumbeat: June 5, 2013

BP’s Oil Spill Deal Sours as Claims Add Billions to Cost BP Plc’s $8 billion settlement with victims of the 2010 Gulf of Mexico spill may have hurt Europe’s second-largest oil company more than it helped. The company is relying on a U.S. appeals…  More »

Drumbeat: June 3, 2013

Fracking Tests Ties Between California ‘Oil and Ag’ Interests By all accounts, oilmen and farmers — often shortened to “oil and ag” here — have coexisted peacefully for decades in this conservative, business friendly part of California abo…  More »

Tech Talk – Future Oil Production from Iraq: An Optimistic View

There is often quite a debate in the Peak Oil community over the difference between a reserve and a resource. Simplistically a resource is, for the sake of discussion, the amount of oil that is in the ground in a certain country, while the reserve is …  More »

Drumbeat: June 1, 2013

Thomas Homer-Dixon: How the oil sands industry is distorting Canada’s economy By 2030, Canada’s output from the oil sands will reach about five million barrels a day, more than twice today’s output. Yet, by 2030, chances are also good that the w…  More »

Drumbeat: May 31, 2013

Oil executives tune out the call of the wild Arctic NY-AALESUND, Norway (Reuters) – The high Arctic, once the irresistible frontier for oil and gas exploration, is quickly losing its appeal as energy firms grow fearful of the financial and public rela…  More »

Drumbeat: May 29, 2013

Best OPEC Discipline Since 2011 No Proof for $100 Oil OPEC’s best adherence to its production ceiling in 18 months is failing to buoy the outlook for crude oil prices, raising pressure on the group to pare supplies amid burgeoning U.S. output. While…  More »