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oil production

Canada: From Energy Supplier to Competitor?

January 14, 2014 by Geoffrey Styles

In remarks last month the Canadian Natural Resources Minister, Joe Oliver, suggested that with the continued growth of unconventional oil production in the US, "Our only customer will become a competitor." Let's take a look at the kind of competition he might have had in mind.[read more]

Producers that Can Pump at $60/bbl Oil: Interview with Evan Smith

December 7, 2013 by Jim Patrick

Evan Smith joined U.S. Global Investors in 2004 as co-portfolio manager of the Global Resources Fund (PSPFX). Previously, he was a trader with Koch Capital Markets in Houston, where he executed quantitative long-short equities strategies.[read more]

As US Oil Production Revives, New Vulnerabilities Appear

October 7, 2013 by Geoffrey Styles

US Oil Production and Weakness

A recent Wall St. Journal article states that 'US Rises To No. 1 Energy Producer.' A story like this isn't as attention-grabbing as when this streak began more than a year ago, but what occurred to me this time is how different current distribution of US oil output is than it was in the late 1980s.[read more]

Gas Prices Rise Despite Epic Oil Boom

March 12, 2013 by Sarah Battaglia

Even with the current boom in oil production, we should not get our hopes up for a significant drop in prices. Although the world is producing more oil than ever, demand continues to soar.[read more]

How Much Oil Does the World Produce?

June 26, 2012 by Robert Rapier

In the first installment of this series, I took a look at U.S. and global oil reserves according to the 2012 BP Statistical Review of World Energy. Today, I want to examine oil production statistics since 1965. Highlights of this article and topics that will be explored include:New global oil production record set in 2011, but the...[read more]

How Much Oil is Left in the World?

June 22, 2012 by Robert Rapier


Over the next two to three weeks, I am going to post a series of short articles utilizing graphics I created from the recently released 2012 BP Statistical Review of World Energy. Because I am working on the roll-out of a new product which will be geared specifically toward those with a financial interest in the world of energy (...[read more]

Are President Obama’s Policies Causing U.S. Oil Production to Rise?

January 23, 2012 by Robert Rapier

Question: What do President Barack Obama and ex-President Jimmy Carter have in common? Answer: Both presided over strong increases in domestic oil production that were a result of decisions made before they took office, as I explain in this post.[read more]

The Oilman in the White House

January 6, 2012 by Robert Rapier

 No, I am not talking about George W. Bush. I just finished the chapter on politics for my book, and I created a number of graphics to show the behavior of oil prices, production, imports, and consumption through the last eight presidential administrations. Here is one of the more counter-intuitive graphics that you will ever come...[read more]

Next Up: The Battle for Libya’s Oil

August 26, 2011 by John Daly

Muammar Gadhaffi’s 42 year-old regime is in its death rattle – maybe today, maybe tomorrow, his administration that has ruled Libya with a quixotic and brutal hand is about to pass, in Trotsky’s piquant phrase, “into the dustbin of history,” prompting the question “what next?”The glittering prize is Libya’s 1.6 million barrels per day...[read more]

Do OPEC Meetings Matter?

June 10, 2011 by Geoffrey Styles

Yesterday's meeting of OPEC in Vienna attracted extra attention because of disagreements between Saudi Arabia and Iran that extend well beyond the oil fields. The resulting impasse over increasing production to stem high oil prices and support a weakening global economy produced a much-quoted assessment from the Saudi Oil minister, Ali...[read more]

It's The End of the World (As We Know It)

May 15, 2010 by Craig Severance

  Oil Production Peak Much Sooner Than Expected  May 14, 2010 by Craig Severance A storm is quickly approaching, and the world is not ready for it. The permanent end of the era of cheap oil is coming as soon as next year, according to a raft of official reports that have made their way into energy...[read more]

Australia's oil reserves 'dwindling'

March 2, 2010 by Big Gav

The SMH has a report on Australia's increasing dependence on imported oil, following the release of a report into Australia's energy resources by Geoscience Australia and ABARE (the Australian Energy Resource Assessment) - Australia's oil reserves 'dwindling'. Australia's oil reserves are dwindling and the nation is becoming increasingly...[read more]

Oil Industry Meme Detected - 100 Years Is a Long Time; 2060 Would Be a Great Time For Rapid Nuclear Energy Development

January 12, 2010 by Rod Adams

You can all rest easy now the world has an "endless" supply of oil. I know that resource exists because I read it in this week's issue of BusinessWeek, which is written for hard-working, Type A people who believe that markets can solve anything. I have been working around that kind of person for much of my career; their optimism and...[read more]

Melting Ohio Daily

November 19, 2009 by Michael Tobis

So this droll item, apparently unveiled by Jay Leno, is making the rounds, which makes it a perfect opportunity for an exercise with large numbers.Let's start with what we can glean about Enco's production in 1962. We can then compare it with modern production of its more or less descendant corporation Exxon/Mobil.Presumably the...[read more]

White House bombshell: Cap-and-trade for drilling offshore … California!

May 4, 2009 by Joseph Romm

Buried inside The New Yorker’s profile of Peter Orszag, Obama’s budget director, is this stunning paragraph: Obama’s White House is filled with former members of Congress and congressional staffers. They are legislative strategists and dealmakers, and these days they often use the phrase “grand bargain” when asked how they expect to...[read more]