Finance

http://s.erious.ly

Author Archive

A Reality Check on U.S. Oil Imports and the Shale Revolution for Mortimer Zuckerman

Mortimer Zuckerman, the chairman and editor in chief of U.S. News & World Report, announced on November 25, 2011 that America's energy problems are over thanks to the shale gas revolution. He delivered the good news in an op-ed in The Wall Street...

A Reality Check on Oil Supply for Newt Gingrich

During the CNN Republican presidential debate Tuesday, November 23, Newt Gingrich made statements about U.S. potential oil supply that reveal either total ignorance of energy or supremely dangerous demagoguery. He stated that the United States could di...

Sunday Times Predicts US As Top Oil Producer in 2017

Editor's Note: After posting this article, we received the cited report thanks to a Goldman Sachs partner. The report does not claim that the present or future liquids production is "oil" although the production levels reported by The Times are corro...

Peak Oil, Peak Debt, and the Concentration of Power

This is a guest post by Charles Eisenstein, an author and faculty member at Goddard College in Vermont. When theorists approach the peak oil problem from the perspective of finding a substitute that will allow us to maintain our present energy infrastr...

U.S. Shale Gas: Less Abundance, Higher Cost

Arthur E. Berman and Lynn F. Pittinger Lynn Pittinger is a consultant in petroleum engineering with 30 years of industry experience. He managed economic and engineering evaluations for Unocal and Occidental Oil & Gas, and has been an independent c...

Opec Meeting Reveals Further Degeneration of the MENA Region

This is a guest post by Derik Andreoli, Senior Analyst Mercator International, LLC Upon exiting the most recent Opec summit, the visibly frustrated Saudi Oil Minister, Mr. Ali Naimi, proclaimed it to be “one of the worst meetings we have ever had.

The Fundamental Problem with Oil Prices

This is a guest post by Derik Andreoli, Senior Analyst at Mercator International, LLC It has been a tumultuous month when it comes to oil and fuel markets. As of the writing of my Oil and Fuel column in the May issue of Logistics Management, which was...

EIA Annual Energy Outlook 2011: Don’t Worry, Be Happy.

We no longer have to worry about energy supply or prices. That is the message from the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook (AEO) 2011. Cheap energy will characterize the world for most of the next decade, according ...

Shale Gas—Abundance or Mirage? Why The Marcellus Shale Will Disappoint Expectations

Shale gas plays in the United States are commercial failures and shareholders in public exploration and production (E&P) companies are the losers. This conclusion falls out of a detailed evaluation of shale-dominated company financial statements an...

BP Macondo Blowout – Static Top Kill vs. Bottom Kill: Weighing the Risks

This post was up yesterday, but the discussion may have gotten confusing, because it was part of an open thread. I am putting the post back up, to facilitate discussion in a more organized manner. - Gail Author's Note: Art Berman (aeberman) is an Oil...

BP’s Deepwater Horizon – Static Top Kill vs. Bottom Kill: Weighing the Risks – and Open Thread

This thread is now being closed. Please comment on http://www.theoildrum.com/node/6795. Author's Note: Art Berman (aeberman) is an Oil Drum staff member and geological consultant whose specialties are subsurface petroleum geology, seismic interpretati...

What Were the Causes That Led to the Deepwater Horizon Blowout and Explosion? – and Open Thread 2

This post is being closed. Please comment on http://www.theoildrum.com/node/6606. Author's Note: This is a guest post by William Semple. Mr. Semple is a drilling engineer and independent drilling consultant with 37 years of experience in the oil and g...