Blog: The Future Of Natural Gas Prices – Permanently Lower Due To Disruptive Technology ?

(Here is another investor blog on energy with some interesting analysis. Pops) I’ve been sucking my thumb considering making an investment in two natural gas producers who are actually quickly diversifying into a more balanced oil/gas production mix. The two companies I’m looking at are Chesapeake Energy and Sandridge Energy. What is holding me back […]

India: End to Fuel Subsidies Brings Damaging Diversions

On Jun. 25 the government bit the bullet and totally deregulated petrol prices, resulting in a 6.7 percent jump in the price of the prime automotive fuel. The price of diesel was raised by five percent — though deregulation was deferred to a future date on the consideration that it drives tractors and irrigation pumps […]

Seven Dangerous Side Effects of the U.S. Dependency on Foreign Oil

Our fate has long been tied to the oil issue. But now we’re near the threshold at which our addiction will completely break us. We are quickly approaching what is called “peak oil”—the point at which world oil production will reach its maximum point and then begin to decline because of supply limitations. Even the […]

Peak coal could happen by 2011

A multi-Hubbert analysis of coal production by Tadeusz Patzek at The University of Texas at Austin and Gregory Croft at the University of California, Berkeley concludes that the global peak of coal production from existing coalfields will occur close to the year 2011. The HHV of global production is likely to peak in 2011 at […]

Coal to Remain Critical to China’s Energy Mix

While China’s growing population, economy and energy usage has prompted the Chinese government to encourage the development of other energy resources, coal is still expected to play a significant role in the nation’s energy future. “In the absence of national policies and/or binding international agreements that would limit or reduce greenhouse gas emissions, world coal […]

PeakOil.Com: Weekly Petroleum Supply Report

[quote]Summary of Weekly Petroleum Data for the Week Ending July 30, 2010 U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending July 30, 113 thousand barrels per day above the previous week’s average. Refineries operated at 91.2 percent of their operable capacity last week. Gasoline production decreased last week, […]

Beyond Coal: A Resilient New Economy for Appalachia

A sustainable future based on coal is unlikely. But there is a promising alternative. Appalachia is privileged to be home to one of the world’s richest, most biologically diverse landscapes. Such diversity could promote the healing of damaged ecosystems and help establish the foundations for the next economy. This paper explores ways to make a […]

ASPO: “Many questions hanging over the oil industry”

“For nearly 20 years the world’s oil companies have extracted oil in deep water. Since production on land has been declining at the same times as the need for crude oil is increasing the companies have been forced to develop technology for deep water drilling. But the technology for extraction has been developed significantly faster […]

Rigzone: Different Towns, Different Rules for Gas Drilling

The mounting wave of Marcellus Shale gas drilling is creating a substantial challenge for local municipalities. What can they regulate? What do they want to regulate? How can they regulate it? On the flip side, municipalities are creating a substantial challenge for Marcellus Shale drilling companies. “You may have 10 municipalities here that may have […]

Russian oil output yet to peak, say drillers

Russia’s top oil firm Rosneft said new drilling technologies have spurred output growth despite high levels of reserve depletion. “New wells in Samaraneftegaz and Udmurtneft have been more productive than we originally planned. We are drilling faster and the flow rates have increased,” Peter O’Brien, Rosneft’s vice president for finance, told Reuters. BP’s venture, TNK-BP, […]

Global Oil Supply Now Contracting?

For a number of months now, I’ve been tracking the fairly rapid recovery in global oil production, after the end of the great recession. I even pointed out that there was enough spare capacity in OPEC that it could potentially exceed the previous peak of monthly oil production back in July 2008. I was careful […]

Peak Generation: It’s a race to failure between rogue states and global oil output

Dwindling global oil supplies are leaving the world ever more reliant on a group of unstable countries – many of which are themselves facing major domestic problems right now. Believe it or not, many of the world’s major oil exporters cannot maintain their own domestic energy requirements. Venezuelan consumers endure electricity blackouts of “seven or […]

Top kill, junk shot, storm packer…

TEXT OF INTERVIEW KAI RYSSDAL: We try real hard on this program not to do the jargon thing. We figure the less we talk about stuff like inverted yield curves and synthetic CDOs, the better off we and you are. The oil industry obviously doesn’t feel the same way. Since the leak in the Gulf […]

Oilfield Technologies Continuing the development at Prudhoe

The Prudhoe Bay oil field at the fulcrum of Alaska’s North Slope oil industry is so large that, even after more than 30 years of operation, development activity at the field continues apace, squeezing as much product as possible from the field’s 254 square miles of underground reservoir. According the most recent Prudhoe Bay progress […]

Angola becomes China’s largest crude oil source

China, the second-largest oil consumer after the U.S., imported record 3.74 million metric tons of crude oil from Angola in Jun this year, 30% more than in the same period of last year, according to the latest statistics from the General Administration of Customs. In the first half of this year, China’s crude oil imports […]

North Sea Oil’s New Boom

there is no reason to doubt that the North Sea story of renewed viability and new, if more difficult to extract, prospects can be replicated in other parts of the world. And it makes a nonsense of peak oil theories that predict steep and imminent decline for global oil reserves. Energy insiders are only too […]

PO.com: Weekly Petroleum Supply Report 7.21.10

[quote]Summary of Weekly Petroleum Data for the Week Ending July 16, 2010 U.S. crude oil refinery inputs averaged 15.5 million barrels per day during the week ending July 16, 48 thousand barrels per day above the previous week’s average. Refineries operated at 91.5 percent of their operable capacity last week. Gasoline production decreased last week, […]

Alaska Gas line prospects may be unknown for months

JUNEAU, Alaska — The federal coordinator for Alaska natural gas projects said Tuesday it could be be late this year, or early next, before Alaskans know whether they’re closer to securing a major natural gas pipeline. Larry Persily said Tuesday that the public shouldn’t expect any major announcements next week, when TransCanada Corp. is slated […]

Analysis: Oil Prices $80 and Higher Befitting Current Market

Barclays Capital oil analysts believe that $80 or above oil prices are befitting as reverberations following the BP oil spill in the U.S. Gulf of Mexico continue to be felt, Barclays said it a report released earlier this month. According to Barclays, the fundamentals of restricted supply and economic recovery, which supports higher demand, are […]

What Does King Abdullah Know?

It was only two years ago that King Abdullah of Saudi Arabia cautioned consumers that, without $75-per-barrel oil, there was no incentive for his kingdom to bring on new production. Today, apparently, even that price no longer works. Recently, the King announced that he has ordered a halt to all further underground oil exploration, arguing […]

Projection of world fossil fuel production

peak [Oil] production year remained almost constant at 2011-12 for STATIC, DYNAMIC and INDEPENDENTLY DYNAMIC options, with peak production varying only marginally between 179–188 EJ/y. Similarly, for CASE 1, peak production year was the same at 2005 for all three supply and demand interaction options. For CASE 3, peak production year varied only slightly at […]

NASDAQ: Has Peak Oil Arrived?

On July 4, Saudi Arabia’s King Abdullah attended a cabinet meeting and then responded to a Zawya Dow Jones Newswires reporter’s question about what transpired: “I told them that I have ordered a halt to all oil explorations so part of this wealth is left for our sons and successors, God willing.” The rest of […]

Angola: An emerging oil power without the baggage

Angola is an unmitigated success story when compared to their neighbors in Nigeria and other dysfunctional African oil producers such as Sudan and the perennially, maddeningly weird, Libya. It is also an example on how the turbulent post-colonial past, so evident practically everywhere in Africa, can be overcome and give place to a far calmer […]

Saudis vs. ESPO

The oil and gas industry is being treated to a new burst of competition with the development of Russia’s East Siberia-Pacific Ocean (ESPO) pipeline with its own blend of crude. Indeed, traders expect Saudi Arabia to lower the prices of all its crude grades heading to Asia for August on slow demand from regional refiners […]

EROEI of electricity generation

“Energy Return on Energy Investment (EROEI) is calculated as the ratio between energy inputs and energy outputs for an energy generating technology. A process that uses more energy than it produces is by definition unsustainable in the long term. Technologies which require fuel generally have a lower EROEI than those which can extract “free” energy […]

Peak Oil: WorldCrisis, Arab Oil Producers Benefit

Even if we are to leave the issue of climate change aside for the purposes of this post yet it is clear that peak oil is a game changer. The world oil production is about 86-87 million barrels a day and the prestigious and mainstream IEA, International Energy Agency, projects the need for over 110 […]

OPEC: The Beginning of the End

There’s a moment that every oil-exporting country will experience, sooner or later. The few select countries lucky enough to label themselves “oil exporter” know it — and have nightmares of the day their number is up. Why the fright? Because we live in a cutthroat, fossil fuel-driven world — a reality we have little chance of changing […]

Oil sands cannot save us from peak oil

It is common for peak oil deniers to point to the vast reserves currently buried within the Earth, and suggest these will be exploited when the market deems them viable – which is true, of course, but this carries an implication of a smooth transition. The oil market over the past few years has shown […]

Is Net Energy Peaking?

When most people think of fossil fuel supplies, they think in terms of barrels of oil, cubic feet of natural gas and tons of coal. But in evaluating how much energy in the form of finite fossil fuels the world has left, these are no longer adequate measurements. In the 1930s when wildcatters in Texas […]

Upstream Online: Venezuela bets on Orinoco

Venezuela hopes to jump past Saudi Arabia as the world leader in certified crude oil reserves when it finishes registering oil deposits in its vast Orinoco Belt this year. An increase of 22.5% in the Latin American country’s reserves was behind Opec’s announcement last week that the group’s proven reserves rose in 2009 to 1.06 […]

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