Oil Supplies

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.
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
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.
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.
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.
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