The world is watching and learning from the Bakken oil shale play, Houston-based Ryder Scott Petroleum Consultants said Thursday in its Reservoir Solutions newsletter. Net importers of oil, including China, France and Poland, are studying the Bakken as a model for their own countries, which contain geologically similar deposits, the firm said. Companies from countries as [...]
State-run Oil India Limited (OIL) is expected to form a joint venture with a US-based shale gas company to acquire shale gas assets globally, reports The Economic Times. Though OIL hasn’t said which US company the joint venture would include, the agreement will help OIL access shale gas not only around the world, but also [...]
The oil import numbers for June 2009 are in and they reflect no improvement in the percentage or amount of oil the United States in importing. Oil independence is critical as it is a threat to not only economic security, but also national security. The numbers are based on the latest figures from the U.S Department of [...]
It’s plausible to argue that oil, the world’s most important commodity, will contribute to another U.S. recession, as it did in 1973-74, 1979-80, and 2008-09. So you have to ask if there is another fossil-based energy source that can weaken, if not break, oil’s grip on the U.S. economy? Natural gas has a chance, if [...]
Did you know that America’s oil and natural gas producers account for the federal treasury’s second largest revenue source (with personal and corporate taxes being number one)?? Have a look at the below video from Energy in Depth about oil and natural gas in America and see why we can not live without these fuel [...]
T. Boone Pickens says the United States cannot continue importing 70 percent of the oil it uses. On July 8, 2008, oil prices were in the range of $140 a barrel, the economy was showing its first cracks of weakness and both major political parties had effectively chosen their nominees — yet no one was [...]
