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Drumbeat: December 24, 2009
1 hour, 59 minutes ago ago from Commodities Options | Commodities Futures | Commodities Prices
Chilly Climate for Oil Refiners Only a few years ago, a cry went up that the United States needed more oil refineries. The perceived shortage was so acute that George W. Bush, president at the time, even offered disused military bases as sites for building them. Not only did that never come to pass, but the reverse is now happening. The business of oil refining is mired in a deep crisis, with five refineries having shut down this year, ...
Related contentDrumbeat: December 25, 2009
1 hour, 59 minutes ago ago from Commodities Options | Commodities Futures | Commodities Prices
The next energy decade with Dan Yergin When you just do the mathematics you see that oil is going to continue through the next decade to be the predominant energy source. You kind of have to divide the world in two. ther's the industrial U.S. and the other industrial countries. In the last couple of years we've reached peak demand. Demand will recover somewhat through the recession, then it will be declining because of demographics and ...
Related contentThe Fat Lady Sings (on and on but...)
16 hours ago ago from Peak Oil Community
World oil can go into decline years before there's anything definitive about having reached Peak Oil. Case in point--1979 looks like this when using US DOE EIA data : If that chart was of 2008 not 1979 being followed by five years of world oil production declining year on year there would be a hoard of people convinced Peak Oil was past and industrial civilization was over.
Related contentIs Conservative Columnist George Will Correct, That Indeed We Are Experiencing The Gas Prices We Deserve?
7 hours ago ago from Florida Voters Registration
Rising in the Senate on May 13, Chuck Schumer, the New York Democrat, explained: I rise to discuss rising energy prices. The president was heading to Saudi Arabia to seek an increase in its oil production, and Schumer's gorge was rising. Saudi Arabia, he said, holds the key to reducing gasoline prices at home in the short term. Therefore arms sales to that kingdom should be blocked unless it increases its oil production by one million ...
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