The Oil Drum

The Oil Drum

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

Drumbeat: May 8, 2013

Shale Oil and Gas: The Contrarian View No one is questioning the fact that we have either reached or will soon reach “peak oil”; that existing fields are being depleted at the rapid rate of 7 percent a year, and that the search is on for “unconve…  More »

Drumbeat: May 6, 2013

The Oil and Gold Booms Are Over The Malthusian specter of rising demand and shrinking supply has been replaced by a new realization that, for most commodities, demand is flat and supply is rising fast. Oil demand in developed nations has been stable si…  More »

Drumbeat: May 4, 2013

A City That Turns Garbage Into Energy Copes With a Shortage Oslo, a recycling-friendly place where roughly half the city and most of its schools are heated by burning garbage — household trash, industrial waste, even toxic and dangerous waste from h…  More »

Drumbeat: May 3, 2013

JPMorgan Caught in Swirl of Regulatory Woes Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of its most senior execut…  More »

The Politics of Oil In Scotland

On 18th September 2014 the Scottish People will have a referendum on their future within the United Kingdom where they will be asked the simple question: Should Scotland be an Independent Country? Yes or No. Should the people say yes then this will not…  More »

Drumbeat: May 1, 2013

The U.S. Has Much, Much More Gas and Oil Than We Thought The United States has double the amount of oil and three times the amount of natural gas than previously thought, stored deep under the states of North Dakota, South Dakota, and Montana, accordin…  More »

Drumbeat: April 29, 2013

Ready (or Not?) for a Great Coming Shale Boom The Cline Shale, thousands of feet underground in a roughly 10-county swath, is just one of many little-tapped shale formations in Texas and across the nation, geologists say. That means the potential for …  More »

Is the Typical NDIC Bakken Tight Oil Well a Sales Pitch?

In this post I present the results from dynamic simulations using the typical tight oil well for the Bakken as recently presented by the North Dakota Industrial Commission (NDIC), together with the “2011 average” well as defined from actual product…  More »

Tech Talk – OPEC and EIA Short-term Projections

Just this month, Saudi Aramco announced that production had begun at their Manifa oilfield, and by July would be supplying up to 500 kbd to the new refinery that is being built at Jamail with the collaboration of Total. The first oil from the refinery…  More »

Drumbeat: April 27, 2013

In Montana, ranchers line up against coal The McRaes and some of their neighbors say the Tongue River Railroad, and a proposed coal mine at Otter Creek, puts southeast Montana and ranchers like them at risk for an energy plan that mainly benefits Asia….  More »

Drumbeat: April 26, 2013

‘Peak Fossil Fuels’ Is Closer Than You Think: BNEF Every time an iPhone is charged or an episode of “Mad Men” plays on a television, puffs of vaporized carbon join the atmosphere, products of power-plant combustion. And every year the world demand…  More »

Drumbeat: April 24, 2013

Egypt to issue schedule next month for gradual fuel subsidy cuts CAIRO (Reuters) – Egypt aims next month to issue a schedule of gradual rises in the subsidised prices various industries pay for fuel, to bring them near to world levels in four years, i…  More »

Drumbeat: April 22, 2013

Is Saudi Arabia Losing Its Importance in the Oil Market? For three decades or so, Saudi Arabia has wielded considerable influence on the global oil market. The kingdom’s status as the world’s only “swing producer” has given it the unparalleled ability …  More »

Tech Talk – The BP View of the Future

I suspect I should apologize. Here I am talking about the future projections for energy production made by companies such as ExxonMobil and Shell, as though they were still the key and only players in the world. Yet in reality, Saudi Aramco (12.5 mbdo…  More »

Drumbeat: April 20, 2013

Russia says Egypt asks for help with gas supplies to Europe MOSCOW (Reuters) – Egypt, struggling to meet domestic energy demand, has asked Russia to help it fulfil its gas supply contracts with Europe, Russia’s Energy Minister was quoted as saying on S…  More »