petroleum
When we talk about using smart technology to improve efficiency, we tend to focus on things like renewables, programmable thermostats and plug-in vehicles rather than oil production. But the reality is that oil isn’t going out of our lives anytime soon (not without inflicting some serious pain on society,
petroleum
Now you see it, now you don’t: Less than one week after reporting a 22-mile-long, mile-wide plume of hydrocarbons deep underwater in the Gulf of Mexico, researchers now say they can’t find a trace of it. The plume, a remnant of the months-long Deepwater Horizon oil disaster, has
peak oil
Global oil production is at or near its peak, and will likely never exceed 89 million barrels per day, according to the CEO of French energy company Total. The Financial Times today reported that Christophe de Margerie has adjusted downward his most recent forecast for oil production in 2015, largely
energy
Sure, the global economy is a mess and is expected to stay that way for some time, but the US Energy Information Administration (EIA) sees a bright spot in the morass: cheap oil and natural gas prices. In its latest “Short-Term Energy Outlook,” released this week, the EIA revised downward
