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DrumBeat: July 7, 2009


EIA raises 2009 world oil demand forecast
WASHINGTON -- The U.S. Energy Information Administration on Tuesday once again raised its world oil demand forecast for this year as the global economy gradually improves.


In its monthly energy outlook, the EIA increased its 2009 global oil demand projection to 83.85 million barrel per day (bpd), up 170,000 bpd from its June estimate of 83.68 million bpd.


Obama's Tax on Oil and Gas

I recently received a letter from Jim Hackett, Chairman, President and Chief Executive Officer of Anadarko Petroleum Corporation, asking for my help in a grassroots campaign to inform elected officials about the the $400 billion in new taxes that the Obama Administration proposes on the American oil and gas industry.


S&P Cuts Ratings On 3 US Oil, Gas E&P Cos >KEG CPX FESLF - Wall Street Journal

S&P Cuts Ratings On 3 US Oil, Gas E&P Cos >KEG CPX FESLF
Wall Street Journal
Standard & Poor's Ratings Services cut ratings on oil and gas exploration and production companies Key Energy Services Inc. (KEG), Complete Production ...

and more »


High altitude wind power: an era of abundance?

The kitegen concept: high altitude wind power based on kites. In this configuration ("stem"), the kite reaches altitudes of the order of 1000 m; pulling on a power generator located on the ground. High altitude wind power promises to be a low cost and widely available technology able, in principle, to provide amounts of energy comparable, and even superior, to the present production based on fossil fuels.


DrumBeat: July 6, 2009


Peter Tertzakian: The Wealthy World at its 'oil break point'
Recovering-economy-equals-higher-oil-prices is a mostly valid notion in a “peak oil” world; however, everyone in the oil business should be aware that the relationship between economy and demand for petroleum products is changing significantly in mature western countries -- a block of nations that I call the “Wealthy World.” In these 30 or so rich countries, where 46 million of the world’s 84 million barrels a day of petroleum are


Table Of UK & Norway Oil, Gas Field Outage Schedules - Wall Street Journal

Table Of UK & Norway Oil, Gas Field Outage Schedules
Wall Street Journal
LONDON (Dow Jones)--The following table lists unplanned and planned outages at UK and Norwegian oil and natural gas fields in 2009 as reported by Dow Jones ...

and more »


On Independence, Energy Subsidy, and Freedom

How much of our freedom is related to 'cheap energy'? Last I checked, the average American uses over 60 barrel of oil equivalents of the 3 primary fossil fuels (oil, coal and natural gas) per year. Depending on ones assumptions (and occupation), this is in the neighborhood of hundred(s) of years of manual human toil supplanted by cheap ancient sunlight.