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 »
Iraq boosts oil reserves estimate to 150 billion barrels
Iraq has increased its own estimate for its crude reserves by almost 5 percent to 150 billion barrels, Oil Minister Abdul Kareem al-Luaibi said. More »
Iran to boost gas exports in efforts to cut oil sales reliance
Iran plans increase its natural gas exports as a way to diminish its reliance on crude sales, a senior Iranian Oil Ministry official said. More »
World’s largest hospital complex depends on gas turbine
GE’s aeroderivative turbines, assembled in Houston, have become increasingly popular as a reliable option for both regular and backup power for major facilities, including the Texas Medical Center. See how the technology works. More »
Exxon Mobil rakes in $45 billion in 2012 profit
The energy giant’s fourth-quarter earnings jumped 6 percent, even as its oil production declined, the company reported Friday. More »
ExxonMobil chief and Iraq PM discuss oil plans
Exxon Mobil CEO Rex Tillerson met with Iraq’s prime minister on Monday to discuss the firm’s plans in the country, raising the possibility that Baghdad could be mending its dispute with America’s largest oil company over its work in the Kurdish region. More »
IEA optimistic about future of Iraq oil industry
Iraq’s current daily oil production of 3 million barrels per day will surge to 8 million barrels per day by 2035, according to the report.
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Iraq’s massive reserves in focus of IEA study
The International Energy Agency released a preview video Friday of a an in-depth report on Iraq’s energy potential and its role in the global mix. More »
Chevron to drill in Iraq starting next year
Chevron said today it will enter Iraq and begin drilling for oil there next year after purchasing major interests in two areas of its Kurdistan region. More »
The 2012 BP Energy Outlook 2030
There are many unintended consequences as fuel supplies become more scarce and expensive. (With a h/t to Rune Likvern), I see that those Greeks who are being starved of affordable fuel are starting to chop trees down for warmth and income. This sort of desperation has devastated the countryside all over Albania, Africa, and Asia, and it is extremely difficult to stop the practice from spreading or to recover from it. The world expects that fuel must be available at an affordable price, and one of the ongoing questions is whether it will continue to be.
In that regard, BP ...
More »The 2012 BP Energy Outlook 2030
There are many unintended consequences as fuel supplies become more scarce, and expensive. (With a h/t to Rune Likvern), I see that those Greeks who are being starved of affordable fuel are starting to chop down trees for warmth and income. This sort of desperation has devastated the countryside all over Albania, Africa and Asia, and is extremely difficult to recover from. To stop that practice spreading the world expects that fuel must be available at an affordable price, and one of the ongoing questions is as to whether it will continue to be.
In that regard BP has just ...
More »Exxon Mobil deal hikes tension in northern Iraq
An oil exploration deal between U.S. oil giant Exxon Mobil and Iraq’s autonomous Kurdish region is fueling political tensions in a country where a post-U.S.-troop withdrawal spike in violence and political turmoil is clouding the climate for foreign investments sorely needed by Iraq. More »
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