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As of 12-31-08
According to the folks at Overthinkingit.com, the decline in U.S. oil production is explained by the Hubbert Peak Theory, which states that “the amount of oil under the ground in any region is finite, therefore the rate of discovery which initially increases quickly must reach a maximum and decline.” Makes sense, right? Further, [...]
‘Drill, baby, drill!’ Rock ‘n’ Roll Quality Demands It
November 11th, 2009 · No Comments
Tags: · 500 greatest songs of all time, crude oil, crude oil field production, Department of Energy, drill, drill baby drill, drill baby drill rock 'n' roll quality demands it, drilling, drilling for oil, Energy, greatest songs, greatest songs of all time, hubbert peak theory, lower 48 states, oil production, oil under the ground, overthinking it, rate of discovery, rock 'n' roll quality, rock music quality, rock music quality vs us oil production, rolling stone magazine, Rolling Stones, sarah palin, songs in rolling stone 500 greatest songs of all time, us crude oil field production, us department of energy, us oil production
Oil and Natural Gas Companies’ Earnings Plummet
May 1st, 2009 · No Comments
A glance at the chart below, released today by the American Petroleum Institute, proves the nation’s oil and natural gas companies are not immune to the global recession and have, in fact, experienced a sharp decline in first-quarter net profits versus the same period last year.
Instead of asking for bailouts, however, leaders of the nation’s [...]
Tags: · american petroleum institute, api, dependence upon foreign sources, drill, Energy Independence, foreign sources of energy, natural gas, offshore drilling, oil, oil and natural gas industry, petroleum, petroleum industry, recession
It’s Time to ‘Drill Congress’ — Update
September 5th, 2008 · No Comments
In a post published Aug. 15, I highlighted “news” about a supposedly-bipartisan energy plan hatched by Senate Majority Leader Harry Reid and a “Group of 10″ U.S. senators. Less than 30 days later, my friends at the American Petroleum Institute tell me the group of senators has now grown to include 16 members. Unfortunately, the [...]
Tags: · american petroleum institute, api, api primer, Dependence on Foreign Oil, domestic oil, drill, drill congress, energy needs, energy proposal, Foreign Oil, group of 10, group of 16, Harry Reid, natural gas, natural gas industry, offshore drilling, oil, senate majority leader, Senator Harry Reid, senator reid, taxes, the truth about oil and gasoline
