Monthly Archives: September 2008

Energy Efficiency – The Cure For Imported Oil

In 2007, Americans paid about $700,000/minute to the foreign countries that supplied their oil.  The American Physical Society convened a blue-ribbon panel to investigate energy security and global warming.  Their answer – energy efficiency.  From the press release accompanying the … Continue reading

Posted in Energy, Global warming, Oil, Uncategorized | Tagged , , | 2 Comments

Goldman Sachs Cuts Oil Price Prediction

Goldman Sachs is generally pretty bullish on crude oil price targets.  As recently as 3 September they were predicting oil will reach $149/barrel by the end of 2008.  Now the news wires report that Goldman Sachs has cut its average … Continue reading

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Financial Market Failures Lead To 4% Drop In Crude Oil Prices

Quotes from Upstream Online: Oil fell more than 4% today on rising concern that turmoil in global financial markets will further undermine fuel demand and send investors into safer havens. In other words, in a risky financial market oil futures … Continue reading

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ANS Production – August 2008

Notes: 1    Prudhoe Bay, Midnight Sun, Aurora, Polaris, Borealis, Orion 2    Kuparuk, West Sak, Tobasco, Tarn, Meltwater, Palm, Oooguruk 3    Milne Point, Schrader Bluff, Sag River 4    Endicott, Sag Delta, Eider, Includes approximately 33,000 barrels per day of Prudhoe Bay … Continue reading

Posted in Alaska, Arctic, Badami, Oil, Oooguruk, Prudhoe Bay, TAPS | Tagged , , , | 1 Comment

Norway – Froy Field

From Upstream Online: Norwegian independent Det Norske Oljeselskap has submitted the plan for development and operation for the Froy field off Norway with the country’s Energy Ministry. The Froy field, in PL 364, is expected to produce 56 million barrels … Continue reading

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So Where’s The Oil?

I’m pulling together some data to try to estimate the impact of opening ANWR and additional offshore areas on the price of crude oil and, by extension, gasoline.  Opening those areas up would presumably increase the proven reserves of the … Continue reading

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Strengthening US Dollar Drives Oil Prices Down – Temporarily

A combination of a stronger dollar and an unexpected decrease in the rate of consumption (it’s hard to say “a decrease in the rate of increase in demand” without sounding confusing) has led to falling oil prices.  The latest market … Continue reading

Posted in Bush, Oil, Politics | Tagged , , , , , , , | 1 Comment