http://www.oiltrendsblog.com News in the Oil Industry Mon, 02 Mar 2009 07:51:54 +0000 http://backend.userland.com/rss092 en Although we continue to maintain that the world is in no immediate danger of suffering oil shortages, it is clear that world wide oil production will eventually peak. The following bell shaped graph based on the technical analysis by the association for the Study of Peak Oil and Gas (ASPO) shows ... http://www.oiltrendsblog.com/oil-industry/petroleum-production-and-the-war-on-terrorism/ Much political discussion has addressed the fact that oil companies have not been drilling for oil on leases they presently have available. Despite the efforts of many politicians, such as, Sarah Palin who consistently urge companies to "drill baby drill" there has not been a significant move to drill on ... http://www.oiltrendsblog.com/oil-industry/energy-return-on-energy-invested-2/ Contrary to the conventional wisdom espoused by the Cheney oil group, there is new evidence that the U.S. is not in as dire straights as they would have you believe. New information from the Energy Information Administration is now supporting views expressed by Oil Trends Blog in earlier publications. EIA is ... http://www.oiltrendsblog.com/oil-industry/us-oil-production-levels-not-as-bad-as-believed/ U.S. natural gas production grew by 9% between the first 7 months of 2007 and the first 7 months in 2008. To put this growth in perspective, U.S. natural gas production was essentially flat for 9 years from 1998 through 2006, before rising by 4% in 2007. Thus, the growth ... http://www.oiltrendsblog.com/oil-industry/natural-gas-production-up-in-first-half-of-2008/ There has been much discussion lately regarding the need to increase off-shore drilling. In an earlier blog, The Great Oil Shortage Myth, we discussed the fact that there is no short term oil shortage that allegedly accounted for the rapid price increases this year. However, there will come a time ... http://www.oiltrendsblog.com/oil-industry/the-offshore-drilling-debate/