An Israeli oil exploration company announced a potential oil field which holds 1.525 billion barrels worth of oil, Worthy News learned on August 18.
Archive for the ‘Oil’ Category
The Upcoming Montana Oil Boom
For Montana’s oil industry, the carpet was pulled out from underneath them when the media’s attention was snatched away by the state’s neighbor to the east…
The Panic Button
I suppose it was inevitable that we would arrive at the moment in the ongoing oil spill crisis at which the baby would be thrown out with the bath. That moment came at about 7 minutes into President Obama’s press conference on the spill yesterday. After announcing the suspension of offshore drilling in Alaska, the cancellation
Iran. Commander issues energy warning to Europeans
… should it so decide Europe will have to spend the winter in cold,” Hossein Salami, deputy commander of the Revolutionary Guards, said i
So Long, Salad Days
Five years ago, when oil prices were climbing steadily and economists were stoking fears about peak oil and gas, it seemed that major energy producers like Russia were holding all the cards. Then-president Vladimir Putin spoke of his country as an “energy superpower” and used energy supplies as a blunt instrument of Kremlin foreign policy. Gas cutoffs to Ukraine caused panic in Europe, while Western energy companies fell over each other to get a slice of Russia’s oil and gas fields.
Oil exploration costs rocket as risks rise
Finding oil and gas to replace the world’s fast dwindling reserves is increasingly risky as rigs probe areas once seen as too difficult or too dangerous, and costs are rocketing, which could imperil future supply.
Peak Oil Solution: The Simmons Plan
You remember the Pickens Plan, right? T. Boone Pickens’ ill-fated attempt to change the face of the U.S. energy industry by building wind turbines across the midwest and using compressed natural gas to power a new generation of cars.
Will Oil Hit $300 A Barrel in 2010 Due To Mid-East Tensions?
03 Jan 2010 at 17:20
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Energy, Environment, Natural Gas, Nuclear Power, Oil, Oil and natural gas, Peak Oil, Technology, Wind power and energy
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There have been growing tensions between Iran and many other countries in the region. Although the media has been covering them, I do not think the media realizes the severity of these recent events.
What Oil Price can America Really Afford?
If the health of the economy matters, then the administration should take note that oil, at the time of writing, stands around $70 and that the recession threshold, by the books, is $80. Oil prices do not have to rally very much to reach unsustainable levels for the US economy.
