At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world’s proven oil reserves.”
Post Tagged with: "oil production"
April 26, 2012 04:52
Gasoline-Futures Prices Tumble Due to Increased Oil Supply
Helping to spur the downturn is the reversal of a pipeline’s flow that will give refiners in the Gulf Coast region greater access to crude, the basic feedstock for gasoline.
April 24, 2012 05:20
Research shows Obama wrong on oil speculators
A large number of scientific studies have failed to produce any credible evidence that high oil and gas prices were caused by the presence of financial investors in oil futures markets.
April 18, 2012 09:46
Palin: Dear America, Our Orwellian President Fails on Energy
And what do we get in return on our investment in big government? Less energy security. Less allowance for resource development. More EPA regulations to de-industrialize our country and kill jobs. More opportunities shipped overseas as we allow others to produce for us that which our government refuses to allow us to produce for ourselves!
April 17, 2012 08:38
Oil Speculator Crackdown Cometh: Central Planner In Chief Announces Self-Promotion To Margin Hiker In Chief At 11:10AM
Teleprompter in Chief will have a sit down with the nation at 11:10 am and in the latest sermon from the White House mound, will “confront” oil speculators once and for all. – Zero Hedge
April 17, 2012 05:45
Another Oil Price Shock, Another Global Recession?
Studies show that historically, around 90% of US recessions post World War II were preceded by oil price shocks. The most recent occurrence took place when oil more than doubled in price from January 2007 to July 2008 due to a sharp increase in Chinese demand. The pullback of US consumer and corporate spending already put a drag on economic growth before the subprime-induced financial crisis closed the deal on the Great Recession.
April 15, 2012 14:42
“Greenbacks” energy boondoggles versus real energy
Wind, solar, algae and switchgrass companies take billions in Other People’s Money. They pay virtually no taxes, and provide virtually no usable energy, except in the minds and press releases of their promoters.
April 12, 2012 05:55
Natural Gas Price Plunge Shows Obama Lies About Oil Prices
Natural gas prices have plunged to a ten year low because of excess SUPPLY. This shows that oil prices could be substantially reduced if Obama unleashed America’s oil drilling industry. Jobs, tax revenues and the economy would all benefit.
April 11, 2012 04:58
Supply matters – tell Obama
Oil traded near its lowest price in almost two months in New York after an industry report showed stockpiles rose for a third week in the U.S., the world’s biggest consumer of crude. – Bloomberg.com
April 5, 2012 04:03
Obama caught in oily energy lies
Supply matters. Even Obama and the anti-drilling Democrats have acknowledged that increasing supply brings down prices. But they don’t want the economic boost and jobs from more drilling to happen in America. Obama and the Dems have asked Saudi Arabia and Brazil to increase supply to help bring down prices but continue to lie about increasing supplies at home.
