Is There a New Peak Oil?

2016 Peak Oil

[Photo Credit: Daniel Lobo] Peak oil is a specific event based on M. King Hubbert’s 1956 theory that, eventually, a maximum rate of oil extraction would be reached, and afterwards, the extraction rate would decline permanently. This is not the same as oil depletion, which is really a decrease in overall oil supply. As the […]

Fueling U.S. Energy Independence With New Oil Exports

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[Photo credit: Beverly] With the falling price of oil, U.S. energy policy may see the biggest adjustment in decades. Besides the Keystone XL pipeline, the 40 year ban on U.S. oil exports could see easing as an economic measure to provide relief domestically and enhance the mission for U.S. energy independence. How can exporting U.S. […]

Impact of $50 Oil

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[Photo credit: L.C. Nøttaasen] Oil prices are now hovering around $50, the lowest prices since March 2009. Last week, Goldman Sachs cut its overall forecast for the next few years, and a Saudi prince said $100 a barrel oil will never be seen again. While conventional oil producers remain in the clear as marginal costs of […]

California Fracking Regulations Finalized

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On January 1, 2015, California’s new fracking rules were formally adopted by the California Department of Conservation’s Division of Oil, Gas & Geothermal Resources (DOGGR) and will become effective on July 1, 2015. The rules originated from Senate Bill 4 (SB 4), which was signed into law on September 20, 2013 by Governor Jerry Brown. […]