The U.S. oil industry wants to drill in Alaska, and to justify this, they argue the shale oil will run out in a decade. (Click here for source.) They’re probably right on the latter point. The fracking bonanza almost certainly is temporary. Conventional oilfields, such as those in the Middle E[...]
Posts Tagged ‘oil’
December 31st, 2014 - 6:56 pm § in Misc.
How low can oil go?
Oil is an extremely complicated industry. There are different grades and qualities of oil, with different refining requirements, and widely varying production costs. Oil is used not just for fuel, but also chemical feedstock, and for manufacturing everything from plastics to fertilizer. Things like [...]
December 30th, 2014 - 6:50 am § in The Ave Scene
A Sight Coming Near You Soon
The number of oil trains crossing Washington every week may grow from 19 to 137 by 2o20, if all the proposed oil terminals are approved, the state Department of Ecology says. http://seattletimes.com/html/nationworld/2025329443_washdevelopmentxml.html[...]
December 10th, 2014 - 12:25 pm § in Misc.
What’s going on with oil? A Q & A primer
Here are some basic facts about oil. The economic law of supply and demand affects pricing, supply, and demand with respect to oil. Unlike natural gas, whose markets are fragmented, and whose pricing varies widely by geographic local, oil can be transported across oceans easily and cheaply, so oil&#[...]
Is Saudi Arabia the next to fall?
from Spiegel By Bernhard Zand Translated from German by Christopher Sultan The Arab world to which Abdullah had returned was no longer the same one it had been a few weeks earlier, when he left for New York. When Abdullah arrived in the Saudi capital Riyadh last Wednesday, it was no longer just [...]