oil reserves

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Chavez and Thatcher could not have been at more distant ends of the ideological spectrum. Yet the political and economic aims of both leaders were enabled by the discovery of vast energy reserves.[read more]

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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]

With the President of the United States currently playing the role of pessimist-in-chief with regard to US energy independence, it's refreshing to see that goal raised as a serious possibility by someone whose experience and position give him deeper insights on the subject. A few years ago Ed Morse was running the oil trading operation...[read more]

Bloomberg reports that India is looking to set up a sovereign wealth fund to support acquisitions by state owned energy companies - India Said to Propose Sovereign Fund for Oil Assets. India, with $254 billion of foreign-exchange reserves, may create a sovereign wealth fund to help state companies compete for overseas energy assets...[read more]

The following guest essay is by Kevin Kane. Kevin is a market analyst, economist, Asia political affairs strategist, and Korean language linguist living in Seoul, South Korea. Kevin previously published American Freedom from Oil: A Bipartisan Pipedream. ------------------- Iraq Oil & Gas Production: Geopolitical Compromises and...[read more]

I was intrigued by a couple of items I ran across in the morning papers concerning China's pursuit of new oil sources. The Chinese National Petroleum Corp. is apparently in talks with the Venezuelan state oil company, PdVSA, and Total for a heavy oil producing and upgrading concession in the Orinoco heavy oil zone, as well as...[read more]

Three items that I highly recommend to all the TCOE faithful: First is Mark Lynas’ article, Climate chaos is inevitable. We can only avert oblivion (emphasis added): Sometimes we need to think the unthinkable, particularly when dealing with a problem as dangerous as climate change - there is no room for dogma when considering the...[read more]

One might assume that the Intertubes are hummin’ over the news that the IEA is doing their own bottom-up analysis of the world’s oil fields, with the likely result being a dramatically lowered projection of future oil supply. And one would be right. Here’s a sampling of what’s being said, with some brief commentary from your host: Who...[read more]

Maybe it’s all the peak oil posts I read, but I’d always seen International Energy Agency assessments of oil capacity and thought that they erred bullish. Kind of an NAR for the energy set. Whether they’re too optimistic or merely accurate, this sounds bad: The IEA’s pessimism over future supplies has been building for some time. Last...[read more]

Brazil has discovered an oil field that holds between 5 billion and 8 billion barrels - equivalent to 40% of all the oil ever discovered in Brazil. However, full-scale extraction is unlikely to start before 2013 due to the "Tupi" field being "ultra-deep." 7,060 feet of water, almost 10,000 feet of sand and rocks, and then another 6,600-...[read more]