SubscribeAll Posts Tagged With: "western oil"
Baby out with the bathwater
CBS Marketwatch 9/15/08
What King sees in the future is more energy price rises. He notes: “This time last year — September 2007 — a barrel of oil cost about $80, and rising … Today, a barrel of oil is trading for about $107, or about a 33% increase year over year. That’s no plunge … the recent price retreat is not a plunge. It’s just a correction within a long trend of rising prices for energy.”
King’s reasoning: supply is tightening. He writes: “Almost all of the world’s largest oil fields were discovered over 30 years ago and have been…
16Sep2008 | The Real Deal | Comments Off | ContinuedU.S. Oil and Foreign Nationalism
Western nations – the U.S., in particular – are now experiencing the bow wave of a profound change in the current and future availability of oil. According to recently published data, oil output from all major Western oil companies is on an ominous decline trend. Exxon Mobil, for example, announced that its average oil output has fallen by 614,000 barrels per day in 2008.
Western oil majors like Exxon are finding it harder than ever to identify new prospects and successfully complete new oil projects. This comes despite the fact that the oil industry is flush with profits from upstream operations,…
10Sep2008 | Energy and Oil | Comments Off | ContinuedGlobal Oil Problems
Western Oil Woes
Western nations — the U.S., in particular — are now experiencing the bow wave of a profound change in the current and future availability of oil. According to recently published data, oil output from all major Western oil companies is on an ominous decline trend. Exxon Mobil, for example, announced that its average oil output has fallen by 614,000 barrels per day in 2008.
Western oil majors like Exxon are finding it harder than ever to identify new prospects and successfully complete new oil projects. This comes despite the fact that the oil industry is flush with profits from…
8Sep2008 | The Penny Sleuth | Comments Off | ContinuedThe Western World Running on “Eâ€
Western nations — the U.S., in particular — are now experiencing the bow wave of a profound change in the current and future availability of oil. According to recently published data, oil output from all major Western oil companies is on an ominous decline trend. Exxon Mobil, for example, announced that its average oil output has fallen by 614,000 barrels per day in 2008.
Western oil majors like Exxon are finding it harder than ever to identify new prospects and successfully complete new oil projects. This comes despite the fact that the oil industry is flush with profits from upstream operations,…
2Sep2008 | Whiskey and Gunpowder | Comments Off | Continued
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