The number of oil and gas rigs deployed to tap new energy supplies across the country has plunged to less than 1,200 from 2,400 last summer, and energy executives say the drop is accelerating further.
Archive for March, 2009
Qatar Thrives on Natural Gas as Companies, Workers Flee Dubai
As Dubai scales back plans to build a waterfront development twice the size of Hong Kong Island, 30,000 workers off the coast of Doha in Qatar are constructing a $14 billion luxury residential project called the Pearl.
IEA: No spare oil capacity at the end of 2013
The International Energy Agency (IEA) fears that an expected recovery in oil demand from 2010 and oil project cancellations due to low crude prices and the credit crisis will mean no spare oil capacity at the end of 2013.
Natural Gas as Answer to Oil Decline Could Lead to Catastrophe, Says Leading Expert
Ploughing resources into the use of natural gas as an alternative energy supply could lead to global shortage within 20 years time, according to a leading energy expert.
Alternative Energy Business Opportunities
For those who are more interested in investing than in starting a business, there are many options for the savvy and not so savvy investor. It is very important, regardless of your financial aptitude, to research the companies, funds, or investments offered in alternative energy business opportunities. It would be best for a
The Sleeping Threat of Low Oil Prices
Oil prices in the high $30s to low $40s are nothing short of a ticking time bomb under the world economy, but you wouldn’t know it from watching the commodity markets. Once the global downturn slashed $100 off the price of a barrel, the issue of oil supply seemed to simply fall off the radar of market observers. Falling oil demand is all that anyone seems to care about, but we may pay dearly for taking our eye off the ball of supply.
Marvin Odum, the US President of Royal Dutch Shell worried aloud on
Whats next for Peak Oil
Isn’t that a question, though….
The Peak Oil story was never about running out of oil. It was about the collapse of complex systems in a world economy faced by the prospect of no further oil-fueled growth. It was something of a shock to many that the first complex system to fail would be banking, but the process is obvious: no more growth means no more ability to pay interest on credit… end of story, as Tony Soprano used to say.
There was a popular theory among Peak Oilers the last decade that the world would enter a
ANALYSIS-Fears grow for US natural gas in Obama tax squeeze
Oil and gas executives and experts fear that President Barack Obama’s push for renewables could shrink U.S. output and drive drillers away from vast reserves of relatively clean-burning natural gas.
Obama’s budget proposal would remove tax breaks fo
