Former Soviet Union peak oil and gas

July 2013 http://www.ey.com/Publication/vwLUAssets/EY_-_Enhanced_oil_recovery_(EOR)_methods_in_Russia:_time_is_of_the_essence/$FILE/EY-Enhanced-Oil-Recovery.pdf   http://omrpublic.iea.org/omrarchive/13mar2013fullpub.pdf More details: 9/6/2013 FSU crude oil exports decline by 5.5% in last 2 years http://crudeoilpeak.info/fsu-crude-oil-exports-declined-by-5-5-in-last-2-years .. Nov 2012 .. .. http://www.hhs.se/SITE/news/Documents/5%20-%20James%20Henderson.pdf Estimate July 2011 1989: fall of the Berlin Wall 4/10/2010    Russia’s oil peak and the German reunification http://www.crudeoilpeak.com/?p=1912   From: http://www.graphoilogy.com/2008/01/quantitative-assessment-of-future-net.html Vladimir Milov http://www.oecd.org/dataoecd/28/44/36964009.pdf http://www.nyenergyforum.org/resources/documents/Vladimir%20Milov%20March%2015,%202006.pdf http://www.tnk-bp.com/common/en/press/publications/5years/samotlor/TNK-BP_Samotlor_eng.pdf http://www.aspo9.be/assets/ASPO9_Wed_27_April_Mauriaud.pdf crudeoilpeak

How Big Oil Clings to Billions in Government Giveaways

Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks. Once intended to jump-start struggling domestic drillers, these incentives have become a tidy bonus for some of the world’s most profitable companies. Taxpayers currently subsidize the oil industry […]

How the marginal cost revolution is aiding the emergence of post-capitalist commons economics

“The capitalist era is passing… not quickly, but inevitably. A new economic paradigm — the Collaborative Commons — is rising in its wake that will transform our way of life. We are already witnessing the emergence of a hybrid economy, part capitalist market and part Collaborative Commons. The two economic systems often work in tandem […]

Peak Oil: Not Quite So Easy

Most authors accept that conventional oil resources are at an advanced stage of depletion and that liquid fuels will become more expensive and increasingly scarce. The tight oil ‘revolution’ has provided some short-term relief, but seems unlikely to make a  significant difference in the longer term. Even with a more sanguine view of global supply […]

Caspian peak

From EIA, August 2013 . . . http://www.eia.gov/countries/regions-topics.cfm?fips=CSR crudeoilpeak  

US oil reserves highest since 1970s

US exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published recently. Proved reserves of crude stood at 30.5 billion barrels at the start of 2013. If condensates are included, proved reserves reached 33.4 billion barrels, the highest since 1976, according to […]

Renewables ‘Sound Good’ but Should Take Backseat to Coal

FirstEnergy CEO Anthony Alexander traveled to Washington, D.C. this week to speak in front of the U.S. Chamber of Commerce about the challenges his utility is facing. With electricity use flatlining and renewable energy eroding margins for traditional generators, Alexander was not there to call for more regulatory flexibility to help the utility industry embrace […]

Peak Oil And Global Warming A Question Of Culture

In The Beginning Was the Word Certainly for the last 20 years these two themes have tunneled into political consciousness, but there are huge differences. Peak Oil was never “official”, but Global Warming or at least anthropogenic global warming quickly became official, in the UN system, EU28 countries, the US, Japan, Canada and Australia, and […]

Big Oil comes up short in shale

Eons before the first wildcatters smelled oil in West Texas, massive slabs of eroded sediment had fused and folded into thick bands underground, trapping the primordial sludge in layers of earth too deep to reach until modern-day engineers discovered a way. The technological breakthroughs of the past half-decade have made the plains near Odessa and […]

Did crude oil production actually peak in 2005?

Wait a minute,” you must be saying. “Haven’t we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years?” The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct. Here is a key fact […]

China oil leak poisons water for millions

An oil pipe leak caused excessive levels of the toxic chemical benzene in a major Chinese city’s water supply, prompting warnings against drinking from the tap and sending residents to queue up to buy bottled water. The scare, which has affected more than 2.4 million people in the northwestern city of Lanzhou, has once again […]

IMF: North American boom to keep oil prices low

A dramatic increase in US and Canadian oil production will push oil prices down, according to the International Monetary Fund. The growth in US shale oil and Canadian oil sands is already spilling over to the global marketplace. A dramatic increase in US and Canadian oil production will push oil prices down, according to the […]

Richard O’ Rourke on Peak Oil

Positive Money Podcast Episode 3 – Richard O’ Rourke on Peak Oil Pause Download Positive Money Podcast Episode 3 

Iran’s oil output to hit 5.7mbpd by 2019

Iran will increase its crude oil output to 5.7 million barrels per day (mbpd) by the end of Iranian calendar year 1397 (March 2019), MP Ali Marvi says, quoting Oil Minister Bijan Namdar Zanganeh. According to Zanganeh, Iran’s natural gas output will also increase to one billion cubic meters per day, IRNA quoted Marvi as […]

Risk of “gas war” grows as Ukraine halts payments to Russia

* Crisis mounts after Russia’s seizure of Crimea region * Kiev to stop paying for gas pending new supply deal * Ukraine says Russian gas price hike unacceptable * Armed men seize police station in eastern Ukraine * Billionaire energy mogul scoffs at Western sanctions By Pavel Polityuk and Conor Humphries KIEV, April 12 (Reuters) […]

This will be a stable year for oil

Evaluation is by the Secretary General of Opec, Abdallah El-Badri. ‘The market as relatively balanced, and we expect this to be the case for the rest of 2014’, he said. The oil market should stay balanced in 2014, unless there is some unexpected development, said the secretary general of the Organization of the Petroleum Exporting […]

Oil Limits and Climate Change – How They Fit Together

We hear a lot about climate change, especially now that the Intergovernmental Panel on Climate Change (IPCC) has recently published another report. At the same time, oil is reaching limits, and this has an effect as well. How do the two issues fit together? In simplest terms, what the situation means to me is that […]

Natural Gas: a Cleaner Fuel for the Environment

On Earth Day, Summit Natural Gas of Maine is proud to offer an environmentally-friendly energy source. As America joins more than 190 countries to celebrate Earth Day this month, Summit Natural Gas of Maine is proud to offer homes and businesses an environmentally-friendly energy source that is helping Maine reduce its dependency on foreign oil. […]

Iran’s oil exports surge above West’s sanctions cap: IEA

Iran’s crude oil exports have surged to their highest in 20 months, far exceeding a 1 million barrel-per-day limit set by the West under an interim deal on curbing Tehran’s nuclear program. The International Energy Agency’s monthly report revised February’s global crude imports from Iran upwards by 240,000 bpd to 1.65 million barrels per day, […]

‘Vast Opportunities’ Await U.S. Oil Moguls in Mexico

As Mexico works to denationalize its oil and gas market after seven decades, billions of dollars of potential profits and opportunity are waiting to be scooped up. However, swaths of people – mostly in Mexico — still oppose the change, and faced with cost and political challenges, the reform could take years to materialize. Many […]

IEA points to supply risks outside OPEC

A real prospect that export flows out of Libya can start to ramp up in the coming weeks after the resolution of a nine-month-long standoff with rebels couldn’t come at a better time for OPEC it seems. According to the International Energy Agency’s latest monthly report, OPEC’s 12 members will need to pump an average […]

Russia Invaded Crimea and These US Energy Companies Made a Killing

The Energy Report: In a recent Daily Resource Update, you wrote a piece called, “Here’s How Russia’s Invasion of Crimea Could Benefit Some U.S. Oil Companies,” and it wasn’t the oil producing companies I assumed from the headline. Tell us, what companies could benefit. Matt Badiali: The companies that can refine crude oil here in […]

Alaska’s Peak Oil Crisis

Competition often breeds excellence. Nowhere else does this cliché hold more true than in the shale boom that’s currently underway. In North Dakota, we see drillers are consistently improving their operational efficiencies with practically every new well drilled. Independent companies like Continental Resources have lowered their average well costs in the Bakken by almost 20%. […]

Chris Martenson: “Oil’s not cheap anymore, and it will never be cheap again”

Click Here to Listen to the Interview “Social unrest is merely a sign. It’s a hallmark of what happens when you have an energy dependent economy, when we’ve grown our population to absolute bursting limits and we’ve all become accustomed to having lots and lots and lots of cheap energy—and guess what? Oil’s not cheap […]

IEA Trims 2014 Oil Demand Growth Forecast

The International Energy Agency on Friday highlighted ongoing “elevated” risks in the oil market, as it trimmed its forecast for an increase in demand this year following Russia’s annexation of Crimea, but also warned of lower oil production. In its closely watched monthly report, the Paris-based energy watchdog lowered its 2014 forecast for Russian oil […]

Imperialism Déjà Vu

As a general rule, the most successful man in life is the man who has the best information Fact; The world’s resources are finite. Fact; Supply is constrained and demand keeps growing along with the world’s population. Fact; A sustainable and secure supply of raw materials and energy is becoming the number one priority for […]

Iran Nuclear Chief: Whoever Has Nuclear Technology Gains ‘Inherent Power’

Iran’s Nuclear Chief Ali Akbar Salehi said whoever has nuclear technology gains an “inherent power” in a video posted on an Iranian affiliated YouTube account. The video is translated with English subtitles. Salehi contended the West is pressuring Iran on its nuclear program because they fear Iran also gaining this “inherent power”: ALI AKBAR SALEHI: Whoever […]

The Era Of ‘America The Oil Exporter’ Could Soon Be Upon Us

While politicians and policy makers may disagree about how to capitalize on the recent U.S. oil and gas boom, they do share enthusiasm for what it may bring: energy independence. But since conflict broke out between Russia and Ukraine last month, an increasingly vocal cohort in Washington has been touting another idea: energy diplomacy. The […]

Is the US Dollar or the World Coming to an End?

2014 is shaping up as a year of reckoning for the United States. Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive […]

Like Everything Else, the Fight Over Crimea Is Also About Oil

Russian President Vladimir Putin penned a long letter to 18 European leaders today, accusing them of shedding responsibility for Ukrainian debt and threatening to cut off Ukraine’s gas supply — which in turn could lead to gas shortages in Europe. This issue is why the crisis in Crimea, is much more than just a local […]

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