New assessment doubles estimates for North Dakota oil

Anyone investing in oil and gas in the U.S. is well aware of the huge boom in production in the Bakken formation of North Dakota, having broken past 700,000 barrels of oil per day late last year. But a new assessment from the U.S. Geological Survey suggests that the resources in the region could be even more plentiful than anyone had previously expected. Read more »

As coal fights back against gas, prospects look to favor gas long term

One of the biggest pieces of news for oil and gas investment last year was that that they had finally managed to break coal's stranglehold on the top spot in the electric industry. While it may have been a brief peak, natural gas-fired generation managed to tie coal as the largest single source of electricity last summer, taking advantage of the stunning drop in natural gas prices. Read more »

Oil prices unlikely to fall anytime soon

The concept of peak oil was recently discussed on this blog, along with its potential to lead to permanently higher crude oil prices. But peak oil and its underlying causes are hardly the only factors at play in the recent rise and it likely will not dictate the market in coming years. Read more »