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: May 27, 2013

New Frontiers: Suddenly, the oil and gas potential of the Arctic looms large The harsh environment itself seemed to isolate the region from those who would seek to exploit it for oil and gas exploration, especially offshore. And the mass of ice, which …  More »

Tech Talk – Cutting Back on Supply in the Presence of Optimism

We have reached, I would suppose, a period of complacency in the perception of the coming of Peak Oil. We are in a period where, as recent posts have shown, the promises of bountiful supply are built on increasingly tenuous propositions. Unfortunately,…  More »

Drumbeat: May 25, 2013

New Computer Attacks Traced to Iran, Officials Say SAN FRANCISCO — American officials and corporate security experts examining a new wave of potentially destructive computer attacks striking American corporations, especially energy firms, say they ha…  More »

Drumbeat: May 24, 2013

Crude Landlocked as Canadians Join U.S. to Halt Pipelines British Columbia, the Canadian province whose official slogan to its own beauty is “Super, Natural,” is invoking another saying: “No more supertankers.” That’s potentially big trouble…  More »

Drumbeat: May 22, 2013

Oil-Fixing Probe Accelerates as EU Asks Traders for Help The investigation into possible oil-price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to …  More »

Drumbeat: May 20, 2013

Wells Dry, Fertile Plains Turn to Dust Vast stretches of Texas farmland lying over the aquifer no longer support irrigation. In west-central Kansas, up to a fifth of the irrigated farmland along a 100-mile swath of the aquifer has already gone dry. In…  More »

Global Energy Systems – June 26-28 2013

Our energy system is evolving due to depletion of cheap fossil fuels and the need for carbon emission constraints. Government and business are under pressure to tackle the energy challenges of rising energy costs, energy security, and reducing greenhou…  More »

Predicting the Weather, Corn, Ethanol and Oil Production

News of the future was, in my youth, something that one found by crossing the palm of a lady in a dark tent with a piece or two of silver (or the modern equivalent) at one of the fairs that came to town. Such opportunities still exist, with all the cav…  More »

Drumbeat: May 18, 2013

Energy Department approves expanded LNG exports The Energy Department gave a terminal near Freeport, Tex., permission Friday to ship liquefied natural gas to Japan, providing a new outlet for rising U.S. production of shale gas despite qualms of enviro…  More »

Drumbeat: May 17, 2013

Avoiding the ‘Energy Abyss’ John Hofmeister doesn’t call it ‘peak oil,’ instead he calls it the ‘energy abyss,’ the point at which the global economy ceases to grow because the oil industry can no longer meet demand. Hofmeister is the forme…  More »

Drumbeat: May 15, 2013

Oil Shockwaves From U.S. Shale Boom Seen by IEA Ousting OPEC The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, th…  More »

Drumbeat: May 13, 2013

Old Technology Fuels New Energy Boom What’s happening today is not a new-technology revolution; it’s an evolution of new applications for existing technology. Oil companies are doing things that they’ve been doing for decades more efficiently, m…  More »

Tech Talk – The Dangers of Complacency

Perceptions based on perhaps too small a collection of information can lead into opinions that, on investigation, turn out to be incorrect. Just recently a couple of friends had mentioned that charities that they are associated with were seeing a decl…  More »

Drumbeat: May 11, 2013

Icy Arctic rising as economic, security hot spot WASHINGTON (AP) — The icy Arctic is emerging as a global economic hot spot — and one that is becoming a security concern for the U.S. as world powers jockey to tap its vast energy resources and stake…  More »

Drumbeat: May 10, 2013

At Least 9 More Decades for North Sea Oil Oil and gas production in the UK North Sea can continue until the end of this century provided the right government policy decisions are made, according to Scottish Energy Minister Fergus Ewing. …”In domest…  More »