Insight and inspiration in turbulent times.
The quality of the world’s crude oil that will be produced in the near future is falling and some U.S. refiners may soon have to invest millions in their plants to refine the changing flow of crude, experts said on Thursday.
Enjoy these gas prices while they last, because they are only going to be with us for a short time before they head back up.
World oil supplies came under more pressure on Sunday as Iraqi crude exports were disrupted by pipeline explosions, and Yukos, the Russian oil group, moved closer to bankruptcy.
The Norwegian oil and gas sector is renowned for its discipline. Ian Fraser talks to Statoil’s exploration chief about the efforts to keep Norway in power
How might America cure itself of energy illiteracy? Realistically, teaching Americans to give energy the priority it deserves would be an incremental process that could take years.
The robust economies of Japan, Korea and China could open new doors for Canada’s heavy and synthetic crude, according to the Alberta Energy Research Institute.
This article comparing costs of various automotive fuels, off-handedly notes that “global oil production has reached its peak or will peak in the next decade and then production will run downhill.”
A report by China Petroleum and Chemical Corporation, China’s second largest oil company, has claimed there are 6.5bn tonnes (47bn barrels) of proven oil reserves in the country. International studies, including BP’s just-published statistical review of world energy, put it closer to 3.2bn tonnes.
Iraqi oil exports were hit by a rupture to a main pipeline in the south as the caretaker government said it would announce emergency powers to tackle the country’s rampant insurgency “very shortly”.
We need to face up to the crisis in energy consumption. Michael Meacher finds some solutions in The End of Oil by Paul Roberts
Indonesia, South-east Asia’s biggest oil producer, will be unable to prevent production declining within four years without increased exploration spending to find new fields, Energy Minister Purnomo Yusgiantoro said.
“The American dollar is a flawed currency and will collapse in value before the end of the decade, taking with it the prosperity of the American nation.” Rogers’ reasoning is straightforward: raw materials are running out.
