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News, commentary, and online forums focused on global oil and gas production, markets, and world economies.

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  • Russia to Cooperate With Saudis on

    peakoil.com 22 Nov '14, 8am

    Shallow, I imagine they can effect changes in the short term but not without economic costs to their oil infrastructure. It is one thing to cut production with a production system that has flexibility but another to damage a system not designed for production cuts. I also imagine long...

  • How Much Oil is Left?

    peakoil.com 17 Nov '14, 2am

    About a third of the global energy supply is provided by the extraction of oil and is predominantly used in internal combustion engines to drive cars, trucks, trains, and ships. There are currently more than one billion cars in the world, with only a tiny proportion not relying upon t...

    Related:
    1. Saudi Arabia, the G20 summit peakoil.com 16 Nov '14, 1pm
  • Chocolate?

    peakoil.com 16 Nov '14, 9pm

    Chocolate manufacturers have announced what may be the greatest fear of chocolate-lovers around the globe — the world is running out of chocolate. In fact, the chocolate deficit, whereby farmers produce less cocoa than the world eats, are becoming the norm. The Washington Post reports...

  • The Arctic dimension of the Russia-China alliance

    peakoil.com 16 Nov '14, 8pm

    The Arctic dimension of the Russia-China alliance The Kremlin is quickly moving its priorities towards the east and is putting its bets on comprehensive partnerships with China. In that great geopolitical shift, the Arctic is playing a central role. Not only will oil and gas from Russ...

  • EIA Chief Economist: Natural Gas Could Be the Energy of the Future

    peakoil.com 16 Nov '14, 1pm

    The main advantage of natural gas, according to him, is that it is one of the cleanest burning fossil fuels, emitting about half the amount of CO2 as coal and about a quarter less than gasoline. He also cited its flexibility in being traded. Traditionally gas was locked into long-term...

  • Saudi Arabia, the G20 summit

    peakoil.com 16 Nov '14, 1pm

    As for the second “accusation,” which alleges that Saudi Arabia is decreasing oil prices to confront the American oil and shale gas industries, this is much too great a task for a single country to accomplish. Saudi Arabia knows that the pricing strategy is not only its responsibility...

    Related:
    1. How Much Oil is Left? peakoil.com 17 Nov '14, 2am
  • Shale Oil – Crash Course Chapter 21 |

    peakoil.com 15 Nov '14, 12pm

    rockman on Sat, 15th Nov 2014 9:06 am A very mixed bag of points thrown out. Tainted a bit by: “3.They are environmentally damaging because the fracking fluid is highly toxic and much of it escapes during the blowback process and sometimes water wells are contaminated.” Very, very rar...

  • New China-Russia Gas Pact Is No Big Deal

    peakoil.com 15 Nov '14, 12pm

    With the issue of price outstanding, this week’s agreement seems more like a political statement. Some might — wrongly — think it will be much easier for Gazprom and CNPC to agree on a price for the second pipeline, having just agreed on a price for the first one in May. Future negoti...

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