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oil production

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

January 23, 2012 by Robert Rapier
with 693 views
2

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
with 343 views
6

 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
with 250 views
0

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
with 137 views
0

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
with 832 views
3

  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
with 143 views
0

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... [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
with 516 views
6

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 18, 2009 by Michael Tobis
with 112 views
0

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
with 133 views
1

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]

The Next Five Years Peak Lite and the Current Oil Picture

March 24, 2009 by Robert Rapier
with 98 views
1

A few years ago, after spending a lot of time thinking about peak oil, and then watching the price of oil break out of its historical trading range and head higher, the idea of Peak Lite came to me. Over time the price of oil had bounced between $10 and $30 a barrel, but about 5 years ago it broke from that pattern and started the... [read more]

McKinsey: The next oil shock

March 23, 2009 by Marc Gunther
with 287 views
0

Two-dollar a gallon gasoline is one of the few brights spots for consumers during this economic slump. Evidently, people expect cheap gas to be with us for a while. The Wall Street Journal reports today that small cars like the Honda Fit, Toyota Yaris and Chevrolet Aveo have all but stopped selling. Says one dealer: “We’re big people... [read more]