Seacoast NRG

With the price of gasoline approaching $4 per gallon, and the price of diesel already exceeding that level, many are asking what the Congress, and our Presidential candidates, will do to reduce gas prices.
Exactly the wrong question.
There is very little the Congress, the President, or the government in general can do to influence the price […]

For the first time since 1991, US crude oil production actually increased in 2007, according to data released by the US Energy Information Agency.  US production in 2007 totalled 1.862 billion barrels, an increase of just 182,000 barrels (or one one-hundreth of one percent) over 2006.  Although the year-over-year increase is very small, it is the first […]

A recent New York Times article struck an optimistic note on oil production, stating that thanks to new extraction technologies, “forecasts that the world’s reserves are drying out have given way to predictions that more oil can be found than ever before.”  The source of this new bounty of oil is not hidden in the Arctic, the […]

According to data released today by the US Energy Information Agency, domestic production (including Alaska and off-shore) of crude oil in 2006 dropped to 1.87 billion barrels, the lowest level since 1949, and barely half the quantity produced in the peak year of 1970. 
After nearly a century of explosive growth, US production of oil […]

With this post I am starting a series that examines the phenomenon of Peak Oil, starting with some historical background. In later posts in the upcoming weeks, I’ll discuss in greater detail the methods used by some researchers to model and predict oil production, and construct some similar models using publicly available data.
Everywhere, Oil
Crude oil […]