Daily News and Commentary From OilSlick.com

New Research Explores Economic Threat of Peak Oil
A new research paper looks at the impact Peak Oil could have on individual sectors of the U.S. and global economies. The researchers looking into the vulnerabilities of specific industries and potential action points to make them less vulnerable. Continue reading
VW Unveils 300 MPG Car
Governments have been pressuring the auto industry to increase gas mileage on their vehicles for years. Volkswagen has just produced the best concept yet with their XL1, their "one-liter car", which can deliver 300 MPG. Continue reading
Japan Imports Record Level of Coal & LNG
The impact of the Fukushima nuclear power plant disaster in 2011 continues to shape Japan's economy. Continue reading
Gasoline Prices Hit 13-Month High
Every year America's oil refiners shut down in spring for scheduled maintenance. Since the Clean Air Act Amendments of 1990 and 2000 refiners have had to switch winter blends to summer blends, which are supposed to be less polluting. Continue reading
Obama Delays Keystone Pipeline Yet Again
The controversial Keystone XL pipeline was first proposed by TransCanada Corporation back in 2008. Environmentalists opposed the construction of the pipeline over worries a spill could pollute a major aquifer. Continue reading
A Closer Look At Water Usage For Fracking
Hydraulic fracking opponents have a list of complaints about the energy industry's technique that has rejuvenated oil and natural gas production in the United States. Near the top of the list is large demand for water necessary for every fracking well, especially in chronically low-water areas of the country. Continue reading
Keystone Pipeline Punted
President Obama delayed the decision on the Keystone pipeline until after the elections. I guess that should be no surprise to anyone. Continue reading
Russia Claims Massive New Oil Field
Russia has announced the discovery of a massive new oil and gas find in the Astrakhan region of Russia, near the Caspian Sea. Continue reading
Fracking's New Challenge: Radioactive Waste
Hydraulic fracking is the driving force behind the energy revolution in the United States. The technology allows drillers to bore through shale formations and blast them with a recipe of pressurized water, sand, and chemicals. This process has been blamed for tainted water supplies, air pollution, a massive jump in earthquakes, and now radioactive waste. Continue reading
Booming U.S. Energy Desperately Needs Skilled Labor
Oil and gas companies are spending a record $35 billion on projects along the Houston Ship Channel. Louisiana has $60 billion worth of projects scheduled through 2016. Together they need more than 351,000 workers. Continue reading
The Lure Of LNG
Liquefied natural gas (LNG) was gaining attention long before Russia's invasion of Crimea sparked the Western world's search for alternatives to Moscow's gas exports. Continue reading
Nigeria Losing Exports While Angola Gaining Foreign Investment
Rising domestic oil production in the United States has significantly cut Nigerian oil exports to the U.S. Last year Nigeria's total crude oil export fell -13.4%. The sharp decline was a fueled by a -90% drop in oil exports to the U.S. Continue reading
Is Natural Gas In Rail's Future?
The United States Energy Information Administration (EIA) believes that natural gas could become a significant fuel source for railroads in the future. Continue reading
Ukraine-Russian Tensions Rising Again
We could see more volatility in the oil market if pro-Russian protestors in Ukraine spark another conflict. Continue reading
U.S. Oil Reserves Near 40-Year High
The United States Energy Information Agency (EIA) recently published a report the "U.S. Crude Oil and Natural Gas Proved Reserves (2012)". This new data shows that proven oil reserves in the U.S. have risen four years in a row in 2012. The increase has boosted reserves by 15% to 33 billion barrels. Continue reading
More Oil, Less Gas
That seems to be the recurring theme in the U.S. and that was the topic again last week. Continue reading
China Faces Larger Risks Fracking Shale
China is rushing to build up their nascent tight-oil industry. Unfortunately the country faces greater risk than the U.S. Continue reading
Russia & Ukraine Continue Arguing Over Gas
Russia has once again threatened to cut off natural gas supplies to Ukraine over price disputes and unpaid bills. Gazprom, the Russian state-controlled energy company, says Ukraine owes them $2.2 billion. Continue reading
OPEC Needs To Pump More In 2014. IEA Updates Monthly Report
Oil produced by the twelve members of the Organization of Petroleum Exporting Countries accounts for about 40 percent of global oil supplies. In February the cartel pumped 30.51 million barrels a day in February. Continue reading
Russia Could Cut Gas Supplies. West Warns Of New Sanctions
Russian President Vladimir Putin warned Europe that his country might be "forced" to cut the flow of natural gas to Ukraine over unpaid bills. The United States responded with accusations that Russia is using its energy dominance "as a tool of coercion." Continue reading