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 – 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 »

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 »