Tag Archives: barrels


Shell Gives Up on Drilling in Arctic

Shell Gives Up on Drilling in Arctic

After experiencing one ridiculous mishap after another, Shell is leaving the Arctic with its tail between its legs. Yesterday, Shell announced that it would give up on plans to drill for oil in the Alaskan Arctic in 2013. Hopefully, they won’t be back at all. The Department of Interior says it has made it a top priority


BMW Tests Fuel Cell Technology for Future Vehicles

BMW and Toyota are reportedly close to locking down a deal in which BMW will license future fuel cell technology from Toyota. According to Nikkei, as reported by Reuters, “BMW will use the technology to build a prototype vehicle by 2015, with plans for a market release around 2020.” Reuters reports: The two automakers have been expanding


U.S Energy Independence: Is 2013 The Year?

Here’s a little energy investment 101: when oil moves up, so does the dollar. Energy bulls bet on increasing momentum, whereas gold bugs amass hard assets for the day the dollar collapses. Well, that’s the way it used to be; global energy markets have become so schizophrenic that this once self-evident correlation is about as


2012’s Top 5 Oil & Gas Plays

2012 has been a stellar year for oil and gas. From East Africa to North America, new technology, major new discoveries, an unparalleled appetite for exploration and a metamorphosing perception of risk have changed the playing field. We’re looking at potential rather than existing production, and here are our Top 5 picks for this year:


Transportation Fuel Consumption Through 2035

More than a quarter (26 of 98 quads) of our energy consumption in 2011 was for transportation. The vast majority (64%) was for light duty vehicles–the family cars. This was followed by heavy duty vehicles (19%), air travel (10%), marine (5%) and rail (2%). The U.S. Department of Energy’s Energy Information Administration predicts that energy


The Middle East and Africa: Consuming A Bunch of Oil

Over the past decade, Asia’s transition to the leadership position in global oil consumption is well known. Starting in 2002, OECD countries slowed their consumption growth for oil and subsequent to 2005 actually saw their consumption decline. This process freed up limited oil supplies to Asia, which now accounts for 31% of total global oil


EIA Revises Two Decades of Oil Data

With the most recent release of international oil production data, EIA Washington has revised figures back to 1985. This is one of the most comprehensive revisions I have seen in several years. Generally, the totals were revised slightly lower, and this was especially true for the past decade. Data for the full year of 2011