Tag Archives: Oil

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

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

Posted in Norway, Oil | Tagged , | Leave a comment

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

Posted in Oil | Tagged , , , , , , | Leave a comment

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

Latest Offshore Oil Rig Numbers & The Future Of Oil

From ODS-PetroData: Utilization of offshore drill rigs, other than shallow-water jack-ups, continues to push 100%.  Not to put too much of a damper on the adminstration’s (and the Republican National Committee’s) mantra of opening offshore oil drilling as part of … Continue reading

Posted in Offshore, Oil | Tagged , , , , | 2 Comments

Crude Oil Prices – 4 September 2008

Crude oil prices continue to decline, except in the Pacific/Asia arenas (Tapis and Minas).  Demand for Tapis is high due to the need for low-sulfur sweet crudes to meet the Asian market. U.S. suppliers dropped the most, most likely at … Continue reading

Posted in Oil | Tagged , | Leave a comment