Right now the world produces more Oil than it consumes each day, and it has for the past 16 months, this trend will only get worse in 2013. So expect prices to finally start to address this over supply issue in the Oil Markets in 2013.
Post Tagged with: "oil reserves"
September 19, 2012 05:48
Ocean of Oil and the Great Oil Conspiracy
“Eliminating the fear that the world is running out of oil eliminates an urgency to experiment with or to implement alternative fuels including biofuels, wind energy, and solar energy as long as these energies remain less energy-efficient, less reliable, and more costly than using oil and natural gas.”
August 24, 2012 06:27
Romney Plan Would Make America An Energy Superpower
Astonishingly, these opportunities for energy independence have been ignored for windmills and solar energy, even as a new energy revolution unfolds. – IBD
July 27, 2012 07:26
Incomes jump 60% – unemployment falls to 1%!! Boom time in ND
Someone tell Obama. The oil drilling boom in North Dakota has increased average incomes from $30,000 to $50,000 and reduced unemployment to less than 1%!
July 2, 2012 03:45
Global recession could lead to $60 oil
Throw in the fact that it seems everybody (governments as well as consumers) is in debt, nobody has any money, credit issues are becoming increasingly burdensome to deficit financing to artificially stimulate growth via the government intervention route, all these factors are forming a perfect storm for the oil market to face some major headwinds for the next 5 years.
May 12, 2012 06:38
200 Year Supply of Oil in Green River Formation
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.”
April 27, 2012 04:34
The Obama administration’s anti-energy policies and supporters
Americans are being deliberately starved of the energy sources we have in abundance. We are being robbed in the form of higher prices for electricity produced in the most expensive fashion, wind and solar, instead of affordable coal. Not only are gasoline prices up, but the government continues to demand more mileage per gallon of gas.
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 9, 2012 11:30
Obama feels your gas pain at the pump – still wants higher gas prices
To paraphrase Grouch Marx “Who ya gonna believe, Obama our your own eyes?” Obama and prominent Democrats railed against high gas prices under Bush but what is the excuse now? It’s all lies, lies and damned oil lies. Obama will say anything. To him the ends (his power) justifies the means. He taught Saul Alinsky tactics as a young community organizer.
