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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: peak oil

peak oil stories: 2 news summaries

 Supplies Drop as Big Oil's Power Shrivels

State-owned firms don't churn it out like Shell

Aug 19, 08 2:55 AM CDT
(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... More »

MORE ABOUT:
OPEC • ExxonMobil • Royal Dutch Shell • oil supply • oil exploration • oil companies • peak oil

Opinion

Let's Not Kid Ourselves: Oil's Going Higher

Why prices will keep
rising, and what
that will mean

Jun 18, 08 12:09 PM CDT
(Newser) - Yes, $4 a gallon seems steep, but the worst is surely yet to come, Robert J. Samuelson writes in the Washington Post. Gas is on pace to rise to $7 a gallon by 2012, with oil rising to $225 a barrel, according to one economist. Oil-rich nations are acting as... More »

MORE ABOUT:
energy • oil • biofuel • gas prices • oil price • oil drilling • peak oil

2 Stories


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