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Crude Oil Prices

Did you know? Henry Ford caused the petroleum era

Did you know? Henry Ford caused the petroleum era

Did you know? Henry Ford caused the petroleum era By JERICAN for OIL-PRICE.NET, 2006/12/28 In 1878 Thomas Edison invented the first electric light bulb. This single invention proved to be so popular that it caused a major recession in the oil industry. Since 1856 kerosene lamps were used in homes…

Two trillion barrels of crude oil

Two trillion barrels of crude oil

US shale oil deposits: Two trillion barrels of crude oil By JERICAN for OIL-PRICE.NET, 2006/12/29 This may sound like a fiction story but it is true! While total world resources of oil shale are conservatively estimated at 2.6 trillion barrels, US sits on close to two trillion barrels of crude.…

Did you know? Oil Shale and Kerogen

Did you know? Oil Shale and Kerogen

Did you know? Oil Shale and Kerogen By JERICAN for OIL-PRICE.NET, 2007/05/29 Oil shale crude is actually composed of kerogen. It is a waxy organic substance that was formed from algae, plants, vegetation, and all forms of animal life. Through millions of years, covered in layers of sediment, and subjected…

“Peak Oil” and directions in the oil industry

“Peak Oil” and directions in the oil industry

"Peak Oil" and directions in the oil industry By JERICAN for OIL-PRICE.NET, 2007/05/30 We are reaching closer to 'peak oil' with each passing day. Analysts predict the inevitable to come with this century. Present measures taken, the future consumption of petroleum in America may drop and possibly even decrease, but…

Factoid: Heavy oil pollution risks

Factoid: Heavy oil pollution risks

© oil-price.net 2009, all rights reserved. Permission to redistribute articles from oil-price.net on other sites can be obtained by contacting us. Redistributed articles must contain a copyright notice and a link back to http://oil-price.net as follows: This article was written by Oil-Price.net which provides free information on crude oil. Source…

a likely stop before the end of Oil

a likely stop before the end of Oil

Heavy Oil: a likely stop before the end of Oil By GIUSEPPE MARCONI for OIL-PRICE.NET, 2007/12/14 Lately much has been written about the coming oil crisis. Oil is hovering at a production value of near $100 a barrel, and there are conflicting reports about the size of the reservoirs left…

Did you Know – US Department of Energy outlook was wrong?

Did you Know – US Department of Energy outlook was wrong?

Did you Know - US Department of Energy outlook was wrong? By STEVE AUSTIN for OIL-PRICE.NET, 2008/01/04 The US Department of Energy (DOE) "Annual Energy Outlook, 2007" was for crude oil prices to be around $57 per barrel and as you know we closed 2007 at over $95, so needless…

Profitability and $100 oil

Profitability and $100 oil

Profitability and $100 oil By STEVE AUSTIN for OIL-PRICE.NET, 2008/01/05 $100 per barrel: the line was finally crossed on January 2nd 2008. What does this imply for profits of oil producing nations? In order to run some numbers we have to consider a key measure called the break-even price which…

Factoid on Oil Rigs

Factoid on Oil Rigs

© oil-price.net 2009, all rights reserved. Permission to redistribute articles from oil-price.net on other sites can be obtained by contacting us. Redistributed articles must contain a copyright notice and a link back to http://oil-price.net as follows: This article was written by Oil-Price.net which provides free information on crude oil. Source…

Companies in the Oil Business For the Long Haul

Companies in the Oil Business For the Long Haul

Companies in the Oil Business For the Long Haul By GIUSEPPE MARCONI for OIL-PRICE.NET, 2008/02/01 Companies that anticipate a long presence in the energy market are those involved with oilfield services. It's now January of 2008, and it's an understatement to say that the stock market is uncertain. To add…

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