Tag Archives: barrels

oil-iraq

Oil and Politics in Iraq

A delegation from the International Energy Agency spent two days in Baghdad speaking with high-ranking officials in preparation for an end-of-year report on the country’s oil sector. By some estimates, Iraq could hold some of the largest oil reserves in the world and an international auction for oil and natural gas blocks is planned for

primus-gas

Primus Green Energy: High-Octane Bio-Gas

As oil prices soar, the exploration of alternative fuel sources continues. Primus Green Energy, based in Hillsborough, New Jersey, has created a high quality, 93-octane bio-gasoline at a price that will be both competitive and profitable once production is scaled up. According to Dr. George Boyajian, Primus Green Energy’s VP of Business Development, the company

new-price-of-oil

The New Price of Oil

In the Spring of 2011, when Libyan oil production — over 1 million barrels a day (mpd) — was suddenly taken offline, the world received its first real-time test of the global pricing system for oil since the crash lows of 2009. Oil prices, already at the $85 level for WTIC, bolted above $100, and

tar-sands

In Focus: Oil Tar Sands

Last week, OpenEI focused on the issues related to fracking. We showed both the potential gains and pitfalls of continued fracking policy in the United States. Another hot issue in the United States and internationally are oil sands, or tar sands. The epicenter of this issue resides in Alberta, Canada, in the Athabasca river basin.

oil-barrels

Snake Oil

“Our children will enjoy in their homes electrical energy too cheap to meter,” predicted Lewis Strauss, Chair of the US Atomic Energy Commission in 1954. The fusion power that inspired his comment remains only experimental to this day, and the best guess is that commercial fusion generation facilities will not be online before 2050. An

dry-gas-production

In Focus: Fracking

Fracking has been a hot topic in the United Statesin recent years, but did you know that the concept of fracking has actually been around for several decades? Read on to find out all you need to know about fracking. Hydraulic fractures form naturally in rock layers, caused by the presence of high-pressure fluids that

oil-barrels

Shale Gas and Oil: Bubble Building?

In recent years, we’ve seen what happens when gigantic speculative “bubbles” build up, whether in the high tech sector or in the housing market. Eventually, the bubble bursts, and a lot of people get hurt in the process. Now, an article in Bloomberg is raising the possibility of a similar phenomenon occurring with oil and

oil-barrels

James Woolsey Discusses the Oil Monopoly

James Woolsey is one of the green movement’s more intriguing leaders.  Since leaving public service – his career includes being head of the Central Intelligence Agency from 1993-1995 – he has become an energy expert and Clean Tech Investor for VantagePoint Venture Partners and  Lux Capital. Behind his clean technology focus lies a desire to

non-opec-supply

In Focus: Non-OPEC Supply

In 2002 Non-OPEC oil production contributed 60.75% of the world’s total oil supply. But technology, competition, and access to capital through listings on stock exchanges have not been able to overcome limits of geology. Global giants such as Royal Dutch Shell and Exxon Mobil have essentially abandoned the effort to meaningfully expand their oil reserves.

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