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Peak oil? Ask Exxon Mobil
5 hours ago ago from Crunchy Con
I've not read the whole report, and I very much doubt the words "peak oil" are in it, but the executive summary of this ExxonMobil projection says that the world's energy needs will increase by 35 percent over 2005 levels by the year 2030. Most of that will be accounted for by India's and China's unslakeable thirst for electric power, says the oil giant, but there will also be more demand for oil. A lot more demand. In fact, the ...
Related contentDrumbeat: December 8, 2009
11 hours ago ago from The Oil Drum - Discussions about Energy and Our Future
OIL: A Market Psychology of Fear? VANCOUVER, Canada (IPS/TerraViva) - With or without a binding deal at the climate talks in Copenhagen this month, it seems the world may have to cut its oil consumption, as emerging geological and economic trends limit the availability and affordability of petroleum. Back in the 1970s, Saudi Arabia's flamboyant oil minister Sheik Ahmed Zaki Yamani articulated what has become conventional wisdom for ...
Related contentWhy So Cheap?
5 hours ago ago from Peak Oil Community
NYMEX Light Crude has been hovering around $75-$80 for some months now, but it recently dropped to $73. So what's causing that plateau and subsequent decline? One of the following should be true: Expectations for future supply are up, expectations for future demand are down (more than expected decline in supply), people are selling oil futures to have more cash on hand or to buy something else. Honestly, I expected prices to be picking up ...
Related contentPower Line Blog: John Hinderaker, Scott Johnson, Paul Mirengoff >http:/www.powerlineblog.com
13 hours ago ago from Power Line
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Related contentNow Is The Time To Start Buying In The Oil Sector
9 hours ago ago from ~ ITZ STOCK CHARTZ ~
The International Energy Agency (IEA) recently released its World Energy Outlook (WEO), an annual long term forecast for energy and the oil market. ~Read Story~ There is currently an oversupply of oil on the market, roughly 150,000 barrels per day...BUT as the globally economy comes out of this recession, demand will pick up. Just a slight increase from China & the US could see the daily supply fall to a 1 Million barrel shortage per day of ...
Related contentRelated News
Oil continues retreat
10 hours ago ago from CNN Money
Click the chart to view other commodity prices. Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More Quick Vote How will the job situation look in six months? Easier to find a job Harder to find a job About the same LONDON (Reuters) -- Oil fell to below $73 a barrel on ...
Related contentJesse Jenkins: The Number That Should Be at the Heart of Copenhagen Climate Talks
10 hours ago ago from Huffington Post
Forget 80% by 2050 and 17% by 2020. Time to stop fixating on 450 ppm vs 350 ppm. As UN climate talks kick off today in Copenhagen, Denmark, there's only one number really worth the world's attention: $10.5 trillion . That's the additional investment required between now and 2030 to put the world's energy system on a lower-carbon path, according to the world energy watchdog, the International Energy Agency. Without measurable progress that ...
Related contentBBC News - Price of oil falls for fifth day in a row
1 hour, 12 minutes ago ago from BBC
Oil prices fell by more than $1 a barrel Oil prices have fallen for the fifth day in a row, weighed down by a stronger US dollar and amid concerns over demand. Prices dropped after the US Energy Information Administration lowered its forecast for global oil demand in 2010. The dollar also gained against a basket of currencies, making oil - which is priced in dollars - more expensive for holders of other units. US crude oil ...
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