oil and gas reserves

U.S. Oil and Natural Gas Reserves Both Increase in 2014

December 3, 2015 by U.S. EIA: Today in Energy

Fossil Fuel Reserves

U.S. crude oil and lease condensate proved reserves increased by 9% to 39.9 billion barrels, and natural gas proved reserves increased by 10% to 389 trillion cubic feet in 2014, according to EIA's U.S. Crude Oil and Natural Gas Proved Reserves report.[read more]


Wrong Questions Lead to the Wrong Answers on Oil and Gas Development

February 3, 2014 by Mitchell Beer

Oil and Gas Development Questions

You don’t get the right answers by asking the wrong questions. And nowhere is that more obvious than in the annual projections from governments, international agencies, and major oil and gas companies, all pointing to massive, dangerous increases in fossil fuel production over the next 10, 20, or 25 years.[read more]

The peril in China's west

July 8, 2009 by Big Gav

Robert Gottliebsen at The Business Spectator has a look at unrest and fossil fuel reserves in China's wild west - The peril in China's west. I'm not sure I agree with his theory that difficulty in getting energy from the western regions would mean less demand for Australian resources (maybe they'd want more LNG, coal and uranium from us...[read more]

US oil, gas reserve dropoff less than stated - study

June 20, 2009 by Big Gav

Reuters has a report on US oil reserves, which demonstrates how pointless such numbers are, given that the reserve number is effectively defined by the current market price for oil - US oil, gas reserve dropoff less than stated - study.U.S. oil and gas reserve additions were hit hard by low prices at the end of 2008, but accounting rules...[read more]