The previous essay sparked a lively discussion about the potential of methanol as a fuel, so I decided to write an essay particularly devoted to methanol. I was especially motivated to write this because of hypocrites who profess to be all about renewable energy and weaning the U.S. off of foreign oil – which explains their … Read more
In the first installment of this series, I took a look at U.S. and global oil reserves according to the 2012 BP Statistical Review of World Energy. Today, I want to examine oil production statistics since 1965. Highlights of this article and topics that will be explored include: New global oil production record set in … Read more
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country-level statistics on the production and consumption of oil, natural gas, coal, nuclear power, and renewables. Right after the release of the report, I wrote a short post discussing the highlights. Today … Read more
How Is Crude Oil Formed? It is generally believed that crude oil was formed from the remains of animals and plants (called biomass) that lived many years ago. Over eons, the biomass was covered by layers of mud, silt, and sand that formed into sedimentary rock. Geologic heat and the pressure of the overlying rock … Read more
How Much Oil Do We Import? As events in Iraq continue to unfold, we have been getting quite a few queries on just how much oil the US imports from Iraq. In my previous post – The Top 10 Oil Producers in 2013 — I showed that even though the US is a major oil … Read more
This week BP (NYSE: BP) released their Statistical Review of World Energy 2014. I have been diving into the report, and as always will write a series of articles based on the latest results. Today I want to provide an update of the world’s Top 10 oil producers for 2013 based on the BP report. Top … Read more
How Much Oil Do We Produce, and How Much Is Imported? The United States imported about 58% of the petroleum, which includes crude oil and refined petroleum products, that we consumed during 2007. About half of these imports came from the Western Hemisphere. The United States consumed 20.7 million barrels per day (MMbd) of petroleum … Read more