China Straddling a Dangerous Fence in Persian Gulf

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China’s Foreign Ministry released yet another statement yesterday reiterating its opposition to sanctions against Iran, arguing that sanctions will further worsen and escalate the problem. China says it prefers “negotiations” to resolve the issue but has not, to date, played a leading diplomatic role. A new paper from the Baker Institute Energy Forum argues that […]

Delta Air Lines Is Bakken Business

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For this latest meandering down the path of energy we are going to take a look at a couple of interesting tales intertwined, with the first anecdote beginning with the incongruous line ‘an airline walks into a refinery’. This is because airlines and railroads are contributing to the domestic energy boom in a fascinating fashion, […]
(AP Photo/Keith Srakocic)

Old oil rigs don’t die; they’re auctioned off

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The bid calls echoed into the hotel lobby from a ballroom filled with men staring at projected slides of hulking iron.
Categories: Crude oil
Oil workers on an Eagle Ford Shale rig near Tilden, Texas. (John Davenport, San Antonio Express-News)

Agency rejects appeal on Miss. gas and oil leasing

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The head of the Mississippi Development Authority has rejected an appeal by opponents who sought to block rules for offshore gas and oil exploration and leasing from taking effect.
Categories: Crude oil, Natural gas
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

Key Energy lowers third-quarter expectations

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Key Energy Services forecasted that revenue will drop 4 percent to 5 percent compared to the second quarter, citing a decline in activity in the nation’s oil and natural gas fields.
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Arctic oil near soviet toxic waste in Exxon-Rosneft plan

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The Kara Sea, a body of Arctic waters so remote that the Soviet Union used it as an atomic- waste dump for more than 25 years, has become the focus of an environmental battle that oil companies are preparing to win.
Categories: Arctic, Crude oil
(AP Photo/Charles Krupa)

Opinion: Coal and nuclear power can’t substitute for pricey oil

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About 40 percent of the world’s electric power is generated from burning coal, which is second only to oil in contributing to global energy use.
And affordable coal may soon be running out just as fast as affordable oil is.
Categories: Crude oil
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Oil magnate supporting new UND oil geology school

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The University of North Dakota said it plans to establish a new geology school with help from $10 million in contributions from a major oil company and its chairman, one of the nation’s wealthiest men.
Categories: Crude oil

Simple math to put `energy independence’ into perspective

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Oil independence shouldn’t be the goal. The goal should be a long-tem diverse fuel mix. We need to end this herky-jerky, reactionary approach to energy development, and the first step is to take a more realistic look at existing resource picture and stop deluding ourselves about oil independence.
A drill rig near Buffalo, S.D. (AP Photo/James MacPherson)

Rice University plans a bridge to the energy future

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Rice University has announced a campus-wide Energy and Environment Initiative, intended to pull together the university’s $40 million energy research portfolio and lead the nation into the future.
Categories: Crude oil, Environment