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Drumbeat: December 21, 2009

1 day ago ago from The Oil Drum - Discussions about Energy and Our Future

Gas could be the answer in global warming fight An unlikely source of energy has emerged to meet international demands that the United States do more to fight global warming: It's cleaner than coal, cheaper than oil and a 90-year supply is under our feet. It's natural gas, the same fossil fuel that was in such short supply a decade ago that it was deemed unreliable. It's now being uncovered at such a rapid pace that its price is near a ...

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Oil continues to hover in the $73 range

3 hours ago ago from CNN Money

TRADING CENTER Oil continues to hover in the $73 range December 22, 2009: 6:35 AM ET LONDON (Reuters) -- Oil slipped towards $73 per barrel on Tuesday after OPEC agreed to roll over its production targets and ahead of data expected to show a fall in crude and distillate inventories in the United States. OPEC oil ministers, content with crude prices, agreed to ...

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