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October 10, 2008 6:49:24 PM CDT

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Stories related to: oil exploration

Stories

12 Stories

  • September 2008

    • Oil's Slide as Chaotic as Its Rise

      Washington Post  |  Sep 17, 08 10:00 AM CDT

      Oil's Slide as Chaotic as Its Rise

      (Newser) - Crude oil prices have fallen 38% from their July high of $147.27 a barrel, and the decline is causing nearly as much consternation around the world as its meteoric rise in the first half of the year, reports the Washington Post. Oil-dependent governments are worried about revenues and forecasters are scurrying to revise outlooks. while alternative-energy companies see their prospects decline. More »

      Tags

      business  • crude oil  • oil prices  • alternative energy  • oil production  • oil exploration

  • August 2008

    • Supplies Drop as Big Oil's Power Shrivels

      New York Times  |  Aug 19, 08 2:55 AM CDT

      Supplies Drop as Big Oil's Power Shrivels

      (Newser) - A rapidly changing world order has left the giant oil companies all monied up with nowhere to drill, the New York Times reports. The Western oil giants' share of production has plummeted from over half in the 1970s to just 13% today. Production is falling as oil supplies remain in the hands of foreign state-owned firms which lack expertise. More »

      Tags

      OPEC  • ExxonMobil  • oil supply  • oil companies  • oil exploration  • Royal Dutch Shell  • peak oil

    • US Ship Joins Race for Arctic Resources

      Reuters  |  Aug 12, 08 1:50 PM CDT

      US Ship Joins Race for Arctic Resources

      (Newser) - A Coast Guard cutter will this week begin mapping Alaska’s continental shelf, Reuters reports, in a first step toward mining data that could be used to establish rights to oil exploration in the Arctic. Melting ice caps, which one scientist calls "bad for the Arctic, but very very good for mapping," are believed to hold the next big energy bonanza. More »

    • Obama Shifts Tack on Offshore Drilling

      McClatchy Newspapers  |  Aug 2, 08 6:10 AM CDT

      Obama Shifts Tack on Offshore Drilling

      (Newser) - Barack Obama softened his opposition to offshore oil drilling yesterday, telling the Palm Beach Post in an interview  that he would be willing to accept  "a careful, well thought-out drilling strategy that was carefully circumscribed to avoid significant environmental damage"  it if necessary to avoid a deadlock on energy policy. He stressed that he was still no fan of drilling and pointed out that ending the ban would take a decade to affect gas prices. More »

      Tags

      Barack Obama  • oil  • oil drilling  • offshore oil  • energy policy  • oil exploration

    • Save the Earth: Drill in the US

      Washington Post  |  Aug 1, 08 12:21 PM CDT

      Save the Earth: Drill in the US

      (Newser) - Asked why she so vehemently opposes offshore drilling, Nancy Pelosi recently replied, “I’m trying to save the planet.” Which is a nice thought, Charles Krauthammer writes in the Washington Post , but it’s completely illogical. We’re not saving the planet by leaving the drilling to the likes of Nigeria, where corruption and neglect routinely lead to spills, pipeline explosions, and illegal siphoning. More »

      Tags

      Nancy Pelosi  • ethanol  • oil drilling  • offshore oil  • oil exploration  • Arctic oil  • environmental impact  • Arctic National Wildlife Refuge

  • July 2008

    • Bush Will Lift Ban on Offshore Drilling

      Associated Press  |  Jul 14, 08 10:24 AM CDT

      Bush Will Lift Ban on Offshore Drilling

      (Newser) - President Bush is about to lift the ban on offshore drilling that's stood since his father was in office, White House press secretary Dana Perino announced today. The move will be meaningless unless Congress follows suit, the AP reports. Two bans on the practice are in place: an executive order signed by Bush 41 and a law enacted by Congress. More »

      Tags

      George W. Bush  • Bush administration  • George H. W. Bush  • oil drilling  • offshore oil  • oil exploration  • executive order

    • Would-Be Oil Barons Venture Into Kurdistan

      Wall Street Journal  |  Jul 9, 08 3:50 PM CDT

      Would-Be Oil Barons Venture Into Kurdistan

      (Newser) - Kurdistan, Iraq’s mostly autonomous northern region, is brimming with oil, but the big oil companies won’t touch it. The Kurdish government gladly hands out exploration contracts, but taking one invites the wrath of the central government in Baghdad. That’s left the forbidden fruit to “wildcatters,” old-fashioned, small-time oil explorers willing to take big risks, the Wall Street Journal reports. More »

      Tags

      Iraq  • Kurdistan  • Iraq oil  • oil exploration  • Northern Iraq

    • Hunt Is On for Florida Oil

      Associated Press  |  Jul 5, 08 10:01 AM CDT

      Hunt Is On for Florida Oil

      (Newser) - The record-breaking price of oil is shifting public opinion toward lifting a moratorium on new offshore drilling, reports the AP. Four companies acquired rights to explore parcels of land off the Florida coast in March, under a 2006 Congressional compromise that opened up 8.3 million acres off the Panhandle in exchange for a buffer along the rest of the state's beaches. More »

      Tags

      Florida  • gas prices  • oil  • oil production  • offshore oil  • oil exploration  • oil reserves  • Bill Nelson

  • June 2008
  • February 2008
  • January 2008

    • There's Plenty of Oil Left: Study

      Wall Street Journal  |  Jan 17, 08 9:37 AM CST

      There's Plenty of Oil Left: Study

      (Newser) - New oilfields being brought online more than offset losses from depleted fields, says an optimistic report released today. Though it cited an Iran-sized 4.5% annual loss, key oil industry adviser CERA contends “there is no impending short-term peak in global oil production," reports the Wall Street Journal. Researchers, however, had little access to fields controlled by OPEC and Russia. More »

      Tags

      Russia  • Iran  • oil  • crude oil  • OPEC  • oil supply  • oil exploration

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