Posted October 31, 2006
Unless youre talking to one of the worlds few oceanic geologists, methane hydrates would most likely be an unfamiliar term. Yet these massive deposits of methane gas could turn into the next major energy source. And with the right push, they could be worth an inestimable amount of money one day soon.
Posted September 21, 2006
Forget the recent drop in gas prices. Smoke and mirrors don't hide the real picture for that long. Countries and companies worldwide know that a long-term strategy for energy security involves not just the soot of the earth but the fat of the land also.
Posted August 29, 2006
Like most entrepreneurs Roger Davey is a man that sees something that very few other people do. Because of it he takes risks, he works hard, and he pushes his dream down a road with no sure answers. And like most monomaniacs his dream will either end in the Promised Land or at the bottom of a cliff.
Posted August 21, 2006
A few days ago the International Energy Agency (IEA) -- a Paris-based institute that acts as an energy policy advisor to 26 countries worldwide -- leveled out their outlook for global oil demand growth for this year. The organization estimated that when everything is all said and done, global demand will have only averaged 84.78 million barrels a day (MMbbls/d) in 2006.
Posted August 9, 2006
Believe it or not... One oil field accounts for 6.25% of the world's daily global production -- about 5 million barrels a day...
Posted August 8, 2006
Maybe somebody ought to give the fellas over at British Petroleum (BP) Neil Young's phone number. Had they only known that rust never sleeps, we might have avoided the market shock that sent oil prices to record levels on Monday.
Posted August 1, 2006
OPEC is the true 800-pound gorilla of the oil game. The cartel is officially estimated to control over 887 billion barrels of proved oil reserves -- supposedly two-thirds of the world's remaining proven supplies. But while these reserves seem massive, you have to realize one very important fact...
Posted June 15, 2006
My oil world expanded about five years ago. I sat in a solarium just off the food court at the University of Kansas student union, talking with two men who said they were from Turkey and Azerbaijan, respectively. They wore suits, unlike most of the foreign students I conversed with. When I asked why, they told me, "We are petrochemical engineers, and we're here because we need help building a pipeline."
Posted April 28, 2006
Though I wasn't in Scotland anymore, the man next to me on the train was Scottish.
Posted January 31, 2006
With the coal and natural gas markets booming, land disputes between the two industries are heating up.