Oil Supplies

Close-up of multicolored gas station pumps

OPEC Plus Decision to Reduce Oil Output Could Lead to Global Recession

A decision earlier this month by a group of the world's largest oil exporters to drastically reduce oil production to stem the decline in oil prices could be a ‘tipping point’ for a global recession, says the International Energy Agency.

October 19, 2022 - The Hill

Lots Of Oil Remaining, But It's Heavy & Expensive

Half the oil in the Persian Gulf has been pumped out of the ground - so has 'peak oil' been reached? Notably, that term doesn't even appear in the article. Instead, it discusses the difference between light and heavy oil, and the role of technology

May 25, 2011 - The Wall Street Journal - Business

Peak Oil Supply Or Peak Oil Consumption?

'Peak oil' refers to a belief that growing oil demand will outstrip finite oil supplies. Peak U.S. oil consumption is premised on the belief that 2007 marked the peak, population increase notwithstanding, due to efficiency, biofuels and batteries.

April 20, 2009 - The Wall Street Journal

Energy Boom Will Lead To Energy Shortage

$147 per barrel oil prices set off a frenzy of new domestic oil drilling that has all but ceased with $46 per barrel. The drop in natural gas drilling has been even more pronounced. When demand returns, domestic oil and gas supplies will likely not.

March 16, 2009 - The New York Times - Business

Oil Sands On Obama's Agenda

In his first foreign trip, President Obama will meet with Canadian PM Harper to discuss, amongst other topics, the environmental impact of mining Alberta's oil sands.

February 24, 2009 - The Washington Post

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