Henry Ford, who caused the petroleum era. JERICAN | 2006/12/28 In 1878 Thomas Edison invented the first electric light bulb. This single invention proved to be so popular that it caused a major recession in the oil industry. Since 1856 kerosene lamps were used in homes and street lamps. Historians state that the introduction of […]
Oil shale deposits. JERICAN | 2006/12/29 This may sound like a fiction story but it is true! While total world resources of oil shale are conservatively estimated at 2.6 trillion barrels, US sits on close to two trillion barrels of crude. Possibly more than all the crude than was ever produced worldwide since petroleum age […]
Kerogen in oil shale. JERICAN | 2007/05/29 Oil shale crude is actually composed of kerogen. It is a waxy organic substance that was formed from algae, plants, vegetation, and all forms of animal life. Through millions of years, covered in layers of sediment, and subjected to very high pressures a transformation occurred resulting into a […]
There is no easy alternative to oil. JERICAN | 2007/05/30 We are reaching closer to ‘peak oil‘ with each passing day. Analysts predict the inevitable to come with this century. Present measures taken, the future consumption of petroleum in America may drop and possibly even decrease, but are biofuels really the key to the solution? […]
A spill of heavy oil could be catastrophic. GIUSEPPE MARCONI | 2007/12/13 The extraction of heavy oil presents certain environmental problems. It contains more contaminants, such as sulfur, vanadium, and nickel, and releases more carbon dioxide per amount of usable energy when burned. We share professional crude oil price intelligence, research and insights. Unsubscribe at […]
Heavy crude oil GIUSEPPE MARCONI | 2007/12/14 Lately much has been written about the coming oil crisis. Oil is hovering at a production value of near $100 a barrel, and there are conflicting reports about the size of the reservoirs left for the big Middle Eastern oil exporting countries. The huge consumption of oil by […]
US Department of Energy STEVE AUSTIN | 2008/01/04 The US Department of Energy (DOE) “Annual Energy Outlook, 2007” was for crude oil prices to be around $57 per barrel and as you know we closed 2007 at over $95, so needless to say, the DOE was way off the mark on that one. Being unable […]
Profitability of $100 oil STEVE AUSTIN | 2008/01/05 $100 per barrel: the line was finally crossed on January 2nd 2008. What does this imply for profits of oil producing nations? In order to run some numbers we have to consider a key measure called the break-even price which is the amount of money it takes […]
Offshore oil rig GIUSEPPE MARCONI | 2008/01/31 In December of 2007, 2290 oil rigs were in operation in North America, 37 less than a year before. We share professional crude oil price intelligence, research and insights. Unsubscribe at any time. 60,000+ people are now receiving our research. Leave Your Reply
Companies that anticipate a long presence in the energy market are those involved with oilfield services. GIUSEPPE MARCONI | 2008/02/01 Companies that anticipate a long presence in the energy market are those involved with oilfield services. It’s now January of 2008, and it’s an understatement to say that the stock market is uncertain. To add […]