UPDATE 2-Oil could hit $200-$300 on Saudi unrest-Yamani | Reuters

UPDATE 2-Oil could hit $200-$300 on Saudi unrest-Yamani Reuters:
Shake "Your Money" has called it ion the past. Is Saudi the next Domino to fall?

Kudlow’s Money Politics - National Review Online

Kudlow’s Money Politics - National Review Online: "The Gasoline-Driven Inflation Hike March 28, 2011 4:19 P.M. By Larry Kudlow Last week, the Commerce Department revised real GDP up to 3.1 percent for the fourth quarter of last year. That was some cause for joy in the stock market. But today we saw a poor consumer-spending report for the month of February, which is picking up the rise in gasoline prices and the decline in consumer sentiment."

Shell Perdido

Shell has been a leader in deep-water exploration and production for the last 30 years. Perdido in the Gulf of Mexico is one of our most challenging deep-water projects. Shell has a 35% interest in the project and is the operator. Perdido is in a water depth of some 2,450 metres (8,000 feet). First production from Perdido was on March 31, 2010.
Location: Gulf of Mexico, US


Depth: ~2,450 metres (8,000 feet)

Interests: Shell 35% (operator), Chevron 37.5%, BP 27.5%

Fields: Great White, Tobago, Silvertip

Peak production: 100 kboe/d

Key contractors: Technip, Kiewit, FMC Technologies, Heerema Marine Contractors

(from Shell website)

EOR CO2 Flood

CO2 has been used successfully in multiple projects in the Denver City area in the Permian Basin.

International Energy Agency (IEA)

International Energy Agency (IEA): "Our future: A golden age for natural gas? 29 March 2011 IEA analysis looks at the rapid growth in supply of ‘unconventional’ gas and liquefied natural gas Back in 2006, a handful of energy experts met on the fringes of the World Gas Conference to discuss the challenges of increasing output of ‘unconventional’ gas. Three years later the same subject was discussed at the same event, but this time the speakers found themselves at the heart of the conference and with a capacity crowd to contend with. read more..."
Unconventional is the new norm?

RealClearPolitics - Opinion, News, Analysis, Videos and Polls

RealClearPolitics - Opinion, News, Analysis, Videos and Polls: "History Behind April Fools' Day - Andrea Thompson, Life's Little Mysteries" Just for fun.

Hoping Obama has some idea how energy industry works | NewsOK.com

Hoping Obama has some idea how energy industry works NewsOK.com: "Hoping Obama has some idea how energy industry works" Well put. Drilling both on and offshore is risky business. Amortizing IDC's and expensing geologic and geophysical costs is how all businesses handle legitimate costs of doing business.