oil reserves, Tag

When the country with the largest oil reserves in the world decides to start investing in renewable energy, it may well be a sign that the age of big oil is coming to an end...

Guest Post by Willis Eschenbach Well, having had such a good time with M. King Hubbert meeting the EIA, I thought I’d toss out another puzzle. This one is inspired by a statement from the King himself that someone quoted...

Guest post by Ric Werme One minor sign of fall where I live is the arrival of a letter from the gas utility announcing the “Fixed Price Option (FPO) lock-in price” for the winter season...

In the introductory remarks to these posts on Chinese energy supplies and usage, I mentioned that one of the concerns beginning to be evident lies in disputes over the ownership of some of the oilfields offshore...

Guest post by David Archibald Logistic decline plots may be misleading when the production profile has been affected by political events. Nevertheless, Figure 1 shows a logistic decline plot for Russia’s conventional production....

President Obama stepped to the stage at The University of Miami yesterday to deliver an impressive speech on energy policy. Though the President made mention of his efforts to expand oil and gas drilling in the United States,...

President Obama stepped to the stage at The University of Miami yesterday to deliver an impressive speech on energy policy. Though the President made mention of his efforts to expand oil and gas drilling in the United States,...

Guest post by Mike Jonas On Dec 13, Willis Eschenbach posted a convincing (and eloquent as always) argument “The R/P Ratio” against Peak Oil being imminent...

Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying,

When I wrote about the Alaskan Pipeline last week, I noted that the pipeline was currently flowing at a volume of 495 kbd after the Alyeska folk who run the system had just issued a report indicating that there would be problems...

The tiny country of Denmark is making a rather bold push to open the Arctic region to commercial industry — mainly for the drilling of oil, gas and rare earth minerals...

Before it was American, Russian visitors had already noted the presence of oil seeps in Alaska, although they had not done anything about it by the time the tsar sold the land to America on March 30th 1867...

With social unrest in the Middle East and North Africa raising more concerns over our reliance on fossil fuels, and the horrific earthquake in Japan underscoring the dangers of nuclear power, we are reminded once again of...

Our dependency on oil may just have been given another blow. According to recently released cables from WikiLeaks, the U.S. believes that Saudi Arabia is overstating its oil reserves by more than 300 billion barrels, or nearly...

It seems BP hasn’t learned its lesson just yet, though we for sure have learned ours — stop drilling! President Obama just removed the temporary moratorium on new offshore drilling saying that they figured out...