Monthly Archives: August 2008

How Reliable Are Oil Forecasts?

There are a number of agencies that produce short- and long-term crude oil forecasts, including the U.S. Department of Energy’s Energy Information Agency, OPEC, and the International Energy Authority.  Deutsche Bank analyst Michael Lewis has now called the accuracy of … Continue reading

Posted in Oil | Tagged | Leave a comment

Heavy Oil – The Future of Crude Oil is Syrup

As world production of light sweet crude oil declines, everyone is looking at “unconventional” oil sources to take up the slack.  “Unconventional” includes sources like heavy oil (warm thick goop), cold oil (cold thick goop), oil sands (thick goop mixed … Continue reading

Posted in Alaska, BP, Heavy Oil, Oil, Prudhoe Bay, TAPS | Tagged , , , , | Leave a comment

Russian Oil Production Decline?

From McClatchy Washington Bureau, a report by Tom Lasseter that Russia is lagging behind in developing new oil fields, thus endangering their oil income and world oil prices. The Russian oil boom, which has produced a gusher of cash, political … Continue reading

Posted in Oil, Politics | Tagged , | 1 Comment

ExxonMobil Starts Point Thompson?

From Upstream: ExxonMobil says it is poised to launch a new $1.3 billion plan to develop the field, the first exploration since 1982. The company plans to build nearly 50 miles of ice road and an ice air strip and … Continue reading

Posted in Alaska, ExxonMobil, Gas, Oil | Tagged , , , , | 1 Comment

Saudi Oil Imports Up, Mexico Down

Here’s the latest numbers from the U.S. Energy Information Agency: Total Imports of Petroleum (Top 15 Countries) (Thousand Barrels per Day) Country 8-Jun 8-May YTD 2008 7-Jun YTD 2007 CANADA 2,319 2,346 2,466 2,410 2,470 SAUDI ARABIA 1,490 1,604 1,538 … Continue reading

Posted in Oil | Tagged , , , | 1 Comment

So Who Owns The Arctic?

I’ve blogged a few times before about Arctic sovereignty (here and here), and how it’s related to the potential for oil and gas development (here and here).  Now the International Boundaries Research Unit of Durham University has weighed in on … Continue reading

Posted in Arctic | Tagged , | Leave a comment

Crude Oil Prices, 15 August 2008

Courtesy Reuters, via Upstream Online, the latest crude oil prices: Y-axis is US$.  It looks like the price is dropping, perhaps in response to decreased demand in the U.S. and elsewhere.  Correlation does not confirm causality, but the two do … Continue reading

Posted in Oil | Tagged | Leave a comment