In Libya strikes by oilfield workers have reduced daily production of crude oil dramatically from 1.6 million barrels a day to an estimated 250,000 barrels a day. In Iraq there have been […]
Tech Talk – the difference between fracking and acidizing a well
It turns out that in the end I wrote some 929 posts on The Oil Drum, over the course of its eight-year life, 92 of them in the past two years. The […]
Kerogen Oil Shale: The Next Rock of Ages?
As with everything else, it’s all about economic feasibility. This is the story of kerogen (oil shale), and could be a huge one, or it could just stay in the ground for […]
Tech Talk – A Dickensian Situation revisited
Back in March 2005 I posted my first offering to the new site that Kyle and I had agreed to call “The Oil Drum.” Now, some eight years later, this will be […]
Mind the carbon gap: Three ways to count emissions
There are huge gaps between how much carbon a country extracts, produces and consumes. Recognising this should be key when designing climate policy. via Renew Economy http://reneweconomy.com.au/2013/mind-carbon-gap-three-ways-count-emissions-93264?utm_source=rss&utm_medium=rss&utm_campaign=mind-carbon-gap-three-ways-count-emissions-93264
Oil Prices Lead to Hard Financial Limits
We live in a finite world. Clearly, a finite world has assorted limits of various kinds. Yet economists and many other researchers use predictive models that assume that these limits are unimportant, […]
Oil prices are up because of a crucial little detail in how we count barrels of oil
The recent chaos in Syria, Egypt and Libya has pushed up oil prices by as much as $16 a barrel above the three-year average of 2010-2012, making it far more expensive to […]
“Sustainability” is now meaningless, thanks to corporations and politicians
While the idea of Corporate Social Responsibility (CSR) that became all the rage some time ago initially had worthwhile aims, it is now more commonly used by corporations to out-worthy their competitors. […]
Closing the Demand Response Loop Between Buildings and the Grid
Last week saw a host of companies launch products and platforms enabled to deliver the latest version of OpenADR, the technology meant to standardize fast and reliable automated demand response. There’s plenty […]
Modeling Bakken Oil Production: The Oil Shock Model Explained
This is a guest post from WebHubbleTelescope. Here he provides a simplified explanation of his Oil Shock Model as applied to oil production from the Bakken formation. Previous contributions to THe Oil […]
Prometheus Institute 