The Oil Drum
Discussions about energy and our future. You can read more from the Oil Drum at www.theoildrum.com
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Why is US Oil Consumption Lower? Better Gasoline Mileage?
United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption is no doubt related to a rise… More »
Drumbeat: February 6, 2013
Spreading an Energy Revolution
ONLY two or three years ago, consensus was building among pundits that we had reached peak oil, that the fossil fuel industry was in its dotage and that the world would suffer repeated energy price shocks in the transiti… More »
Tech Talk – Coal Power and Air Pollution
Fifty years ago I began my undergraduate studies at the University of Leeds in the UK. It is not something I particularly dwell on, but the stories out of Beijing describing the air pollution in the Chinese capital this week brought back a memory. Thi… More »
Drumbeat: February 4, 2013
Vast Oil Reserve May Now Be Within Reach, and Battle Heats Up
Comprising two-thirds of the United States’s total estimated shale oil reserves and covering 1,750 square miles from Southern to Central California, the Monterey Shale could turn Californ… More »
Drumbeat: February 2, 2013
Gas price hikes don’t boost smaller car sales
Sales of some of the smallest cars barely budged or fell last month despite the steady rise in gas prices.
It could be a sign that one of the axioms of the car business may be weakening: sales of tiny cars… More »
Drumbeat: February 1, 2013
Reshaping Panama Canal Trade Means Boom in U.S. Gas to Asia
Six years after the Panama Canal began a $5.25 billion expansion to capture shipments of Asian-made goods to the U.S. East Coast, the flow of liquefied natural gas in the opposite direction pr… More »
Oil Watch: Drill Baby Drill
Executive Summary
In January 1995 there was a total of 1738 oil and gas rigs drilling globally (excluding the former Soviet Union (FSU). By February 2012 that number had more than doubled to 3850. Global C+C+NGL production grew from 68 to 84 million bp… More »
Drumbeat: January 30, 2013
Record Profit Eludes Big Oil as Costs Outpace Brent Gain
The world’s biggest oil companies are failing to convert the highest Brent crude prices ever into record profits as production costs climb and U.S. natural gas prices languish.
The London-trad… More »
Ten Reasons Why High Oil Prices Are a Problem
A person might think from looking at news reports that our oil problems are gone, but oil prices are still high.
Figure 1. US crude oil prices (based on average prices paid by US refiners for all grades of oil based on EIA data) converted to 2012$ usin… More »
Drumbeat: January 28, 2013
Militants attack oil pipeline in Algeria, two dead
ALGIERS (Reuters) – Suspected Islamist militants
attacked an oil pipeline in northern Algeria on Monday, killing
two guards and wounding seven other people, a security source
told Reuters.
The Djebahi… More »
Drumbeat: January 26, 2013
Court Overturns E.P.A.’s Biofuels Mandate
WASHINGTON — A federal appeals court threw out a federal rule on renewable fuels on Friday, saying that a quota set by the Environmental Protection Agency for incorporating liquids made from woody crops and… More »
Drumbeat: January 25, 2013
U.S. Will Cap LNG Shipments to Boost Economy, Shell’s Voser Says
The U.S. won’t rival Qatar and Australia as the world’s largest liquefied natural gas exporter as it keeps fuel at home to drive an industrial renaissance, Royal Dutch Shell Plc Chi… More »
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