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Peak oil? Ask Exxon Mobil
19 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 contentIEA: U.S. to Experience Energy Recession of Epic Proportions
11 hours ago ago from MunKnee.com
Between recent consumption data and the International Energy Agency's World Energy Outlook 2009 report released last month, it's time for some serious questions when it comes to oil demand. Perhaps the biggest is this: Will oil fields be ready to meet existing and future demand, or will low investment in capital projects now cause bigger problems later down the line? By: Julian Murdoch; HardAssetsInvestor.com; Words: 865 According to the ...
Related contentWhy So Cheap?
20 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 contentOil giant forecasts trillions for world energy projects
8 hours ago ago from Hybrid Friends - Alternative Fuel Talk, News and Info
Oil giant forecasts trillions for world energy projects MarketWatch Exxon raised its forecast for alternative energy from a year ago, when it predicted 2.1% of global energy will come from non-fossil fuels by 2030. and more & raquo ; Continue Reading To get more Hybrid and green automotive news , use the search function!
Related contentETFDesk - Fund Detail
10 hours ago ago from ETFDesk - Home
What is an Exchange Traded Fund (ETF)? ETF ETF Holding Holding Community Community Quick Find Quick Find Screener Screener Blog Blog ...
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BBC News - Price of oil falls for fifth day in a row
16 hours 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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