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 8, 2013

Quebec Disaster Spurs Rail-Versus-Pipelines Debate on Oil A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp. (TRP)’s Keystone XL. As au…  More »

Drumbeat: July 6, 2013

Egypt crisis: Oil giants BP and BG Group withdraw expat staff as violent clashes erupt Oil giants BP and BG Group have pulled about 160 expatriate staff out of Egypt as violent clashes erupt across the country. BP said it had withdrawn about 60 peopl…  More »

Drumbeat: July 5, 2013

Saudi taps new oil areas in plan to preserve capacity (Reuters) – Saudi Aramco plans to develop two less productive areas of major oilfields, industry sources said, as Riyadh takes care to maintain excess capacity for the long term, even while non-OPEC…  More »

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 »