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please wait" id="subscribe-banner-loading"/></div> <div class="column75-25 clear"> <div class="column75-25_1"> <div id="breadcrumb" class="clear"> <a href="https://web.archive.org/web/20150408044337/http://oilprice.com/" class="first">Home</a> » <a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/">Energy</a> » <span>Energy-General</span> </div> <div class="box-white clear"> <h1>Energy / Energy-General</h1> <div class="category-intro"> <p>OIlprice.com's Energy section focuses on all energy related topics that can't be easily classified in our other categories. Topics covered are fossil fuel energy, solar energy, wind energy and many other types of energy sources.</p> </div> <ul class="articles clear"> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/The-Future-Of-Offshore-Drilling-Could-Be-Unmanned.html">The Future Of Offshore Drilling Could Be Unmanned</a></h3> <p>The oil industry’s next big innovation has largely been over-shadowed by the collapse of oil prices. But this new technology promises to have a bigger long-term impact on the energy industry than any short term production decisions made by OPEC. And this new technology may just change the face of employment for thousands of workers around the world too. Related: Media Spin On Oil Prices Running Out Of Fuel For a long time, offshore oil platforms have provided a good living for experienced workers in a variety of roles in the oil field. After taking into account rotation schedules, there are…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/One-Of-The-Most-Worrying-Trends-In-Energy.html">One Of The Most Worrying Trends In Energy</a></h3> <p>It should seem obvious that it takes energy to get energy. And, when it takes more energy to get the energy we want, this usually spells higher prices since the energy inputs used cost more. Under such circumstances there is less energy left over for the rest of society to use, that is, for the non-energy gathering parts--the industrial, commercial and residential consumers of energy--than would otherwise be the case. It shouldn't be surprising then, that as fossil fuels, which provide more than 80 percent of the power modern society uses, become more energy intensive to extract and refine, there…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/Iranian-Media-Calls-For-Saudi-Oil-Boycott.html">This Week In Energy: Iranian Media Calls For Saudi Oil Boycott</a></h3> <p>Oil prices have ticked up a bit over the last week on several pieces of bullish news. Crude inventories in Cushing dipped a bit, as did total U.S. oil production. Rig counts are still falling, but at a much slower rate than in recent weeks. Saudi Arabia increased its price for oil it is exporting to Asia, an indication that rising demand could provide a lift to global prices as 2015 continues to unfold. On April 7, oil prices were up again after taking a bit of a breather. The day before marked extraordinary price gains for both WTI and…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/The-Top-10-Largest-Oil-And-Gas-Fields-In-The-United-States.html">The Top 10 Largest Oil And Gas Fields In The United States</a></h3> <p>More than half the United States’ oil reserves are located in its 100 largest fields. According to a new Energy Information Administration report, these massive fields account for 20.6 billion of the 36.5 billion barrels of oil, or 56 percent of the total. The level of proven oil reserves in the United States has actually increased since the last time the EIA published the report in 2009. With enormous advancements in hydraulic fracturing and horizontal drilling, new sources of oil were not only discovered, but known sources that were depleted became economically viable once again. (The EIA did not disclose…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/Is-This-The-First-Resource-Opportunity-From-The-Iran-Deal.html">Is This The First Resource Opportunity From The Iran Deal?</a></h3> <p>We’re just days past a tentative nuclear agreement with Iran. And already signs are emerging that projects opportunities that could be coming here. Such as in the oil and gas sector. Where Iranian officials said this week they are already eying Western involvement in the domestic sector. The head of Iran’s committee to review oil contracts, Mehdi Hosseini, announced Sunday that the government will unveil a new array of contracts in the petroleum sector this September. Hosseini added that the government is specifically looking to investment from U.S. and European firms.Related: Why The Oil Price Collapse Is U.S. Shale’s Fault As…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/This-Nation-Could-Host-Next-Latin-American-Offshore-Boom.html">This Nation Could Host The Next Latin American Offshore Boom</a></h3> <p>With most of the attention focused squarely on Mexico and Brazil of late, it is easy to overlook Latin America’s broader offshore potential, particularly the smaller players such as Colombia. Mexico’s proximity to proven reserves in the US Gulf of Mexico as well as its spotlight-grabbing energy reforms have rightly drawn investors’ gaze. But Mexico is not the only player in the game. Colombia in particular has touted its offshore prospects, though an inauspicious global investment environment as well as problems at home have seen investors withdraw from this once-promising energy space. To be fair, investor interest in offshore exploration…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/Can-We-Really-Cut-CO2-Levels-By-Leaving-Fossil-Fuels-In-The-Ground.html">Can We Really Cut CO2 Levels By Leaving Fossil Fuels In The Ground?</a></h3> <p>Population growth in the world's developing economies, particularly Africa and Asia, has been and will continue to be a primary driver of demand for energy resources into the near and distant future. As more babies are delivered into the world, they will eventually crave consumer goods derived from mined commodities such as iron ore, copper, potash, uranium, nickel and rare earths. The babies grow up to buy homes, start businesses, and migrate to cities, all powered from energy, whether that energy is from hydro, wind, solar, natural gas, coal, nuclear or oil. The International Energy Agency estimates that between 1990…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/Bad-Jobs-Report-Could-Be-Good-For-Oil-Industry.html">Bad Jobs Report Could Be Good For Oil Industry</a></h3> <p>The tepid monthly jobs report that came out in the U.S. on April 3 is actually good news for the oil and gas industry. The U.S. reported gains of just 126,000 new jobs in March, falling far short of the 245,000 jobs that the markets expected. It was the weakest monthly total in more than a year. How can that possibly be a good thing for oil and gas? Why would a seemingly slowing labor market be seen as a plus for fossil fuels? Here’s why: The report reduces the chances that the U.S. Federal Reserve will take the punch…</p> </li> <li class=" clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/Top-4-Energy-Innovations-On-The-Horizon.html">Top 4 Energy Innovations On The Horizon</a></h3> <p>Innovation is anything but business as usual. From driving an ordinary fuel guzzling car to a fuel efficient hybrid sedan, we have come a long way in our quest to achieve something better. In this never ending search for perfection, how can the oil and gas industry remain far behind? In the last few years, there have been some remarkable technological innovations that have the capability of changing the global oil and gas scenario. Some of these innovations, if implemented successfully, even have the capability of altering the current global geopolitical landscape. So, what are these innovations? 1. Shockwave assisted…</p> </li> <li class="last clear"> <h3><a href="https://web.archive.org/web/20150408044337/http://oilprice.com/Energy/Energy-General/Oil-Market-Knee-Jerk-Reaction-To-Nuclear-Deal-Unjustified.html">Oil Market Knee-Jerk Reaction To Nuclear Deal Unjustified</a></h3> <p>A group of exhausted diplomats did the unthinkable. The P5+1 countries and Iran came to a massive and historic framework agreement over Iran’s nuclear program, paving the way for a final deal to be hashed out before the real deadline in June. Negotiations went past the self-imposed March 31 deadline and despite sinking optimism on April 1, all parties managed to overcome enough of their differences to hammer out the outlines of a deal. Iran’s ability to build a nuclear weapon will be hampered, and crucially for oil markets, Iran is within reach of receiving relief from western sanctions. 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