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The Oil Drum

Drumbeat: July 10, 2013

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OPEC Sees U.S. Shale Boom Eroding Demand for 2014 Crude
The Organization of Petroleum Exporting Countries forecast the world will need less of its crude next year, even as global oil demand growth rebounds to its strongest pace since 2010, amid competi…
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Randy Udall – A Comet Passes

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[Ed: For those who may not have heard, James "Randy" Udall, a co-founder and driving force in building ASPO-USA, died recently while hiking in Wyoming's Wind River Range. Below is a tribute from three friends who enjoyed many years working alongside Ra...
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Drumbeat: July 8, 2013

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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…

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Drumbeat: July 6, 2013

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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BP said it had withdrawn about 60 peopl…

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Drumbeat: July 5, 2013

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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…
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Drumbeat: July 3, 2013

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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…
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An End to Eight Years of The Oil Drum

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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…
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Drumbeat: July 1, 2013

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

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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…
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Drumbeat: June 29, 2013

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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 …
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