The Oil Drum seeks to facilitate civil, evidence-based discussions about energy and its impacts on the future of humanity, as well as serve as a leading online knowledge-base for energy-related topics.
On 18th September 2014 the Scottish People will have a referendum on their future within the United Kingdom where they will be asked the simple…
In January 1995 there was a total of 1738 oil and gas rigs drilling globally (excluding the former Soviet Union (FSU)). By February 2012 that…
Uncertainty whether Russia can maintain its high level of oil production continues - 10.7 million b/d in 2012 to date on average. A new more…
[Editor's comment: This article is by Dr. Tad Patzek, chairman of the Department of Petroleum & Geosystems Engineering at The University of Texas at Austin.…
Globally, only two reports are published on an annual basis wherein the world’s energy situation is fully scrutinized. These have a huge impact because in…
Mark J. Perry caused a minor sensation on October 22, 2012 when he posted a blog about record-breaking fossil fuel production in the United States.…
The impact of unconventional fuels like shale oil on the global energy system is still an issue of great uncertainty. Not so much because of…
Liquefied natural gas is an odorless, colorless, non-toxic, non-corrosive and non-flammable form of methane. As fuels go, it's pretty cool.Actually, LNG is colder than Antarctica…
Leonardo Maugeri’s recent paper Oil: The Next Revolution on the presumed future abundance of oil supplies rejects the pessimistic outlook of limited increases in oil…
Australian mining giant BHP has lost a quarter of its former market capitalization since its acquisition of US shale acreage from Petrohawk and Chesapeake last…
This is a guest post by Stephen Sorrell, senior lecturer Science and Technology Policy Research, Sussex Energy Group, and lead author of the UKERC Global…
With a steep growth of power generation from photovoltaic (PV) and wind power and with 8 GW base load capacity suddenly taken out of service…
This is a guest post by Lucas Chanel, Research Fellow in economics, and Thomas Spencer, Research Fellow in climate and energy policies, both at the…
People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of…
The Deepwater Horizon incident demonstrated that most of the oil left is deep offshore or in other locations difficult to reach. Moreover, to obtain the…
This paper examines the impact of oil price changes on global economic growth. Unlike some recent studies, this paper finds that oil price rises have…
Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This…
On January 23, 2012, Chesapeake Energy announced that it would curtail drilling in shale gas plays in the United States. Subsequently, other operators have followed…
All is not as it appears in the global oil markets, which have become entirely dysfunctional and no longer fit for its purpose, in my…
Whilst much of Iraq may be viewed as in a metastable social and political state, the semi-autonomous northern region of Kurdistan has enjoyed relative peace…