Tag Archives : crude oil

Ben Quinn, correspondent for The Christian Science Monitor, reports that Virgin owner and megawealthy Richard Branson supports the alarmist ‘warning of an impending peak oil crisis.’ Branson and some fellow British business leaders funded a recent study whose report supports the claim that peak oil will be real by 2015. The impending scenario where [...]

They say, statistics can be made up when doing a speech or spontaneously one can quote numbers. It is a trick that most speakers who have nothing to talk about use. However, here is an equally useless but quite believable and true graph which shows how expensive or cheap human blood really is. According to the statistics here, human blood is cheaper [...]

The considerations have now become political. Today, the production is safer in the deep offshore. The ‘new frontier’ of Nigeria’s oil which is near the coast or in the Delta is a veritable war zone for oil where militants declared war against major oil players and foreign authorities. Several facilities of major oil companies have been under [...]

The world is hooked on oil, with the US as its main guzzler. America is 7.5 billion barrels a year thirsty of it, and imports more than half of its oil needs. Wars are fought over oil. The US went to war in Iraq to cordon off Saudi Arabia oil where the world’s largest oil field is now being constructed. No need for war in the Middle East now. Saudi [...]

In man’s quest for fuel to run his life more efficiently and conveniently, he has gone through many awkward situations just so he does not run out of it. It’s been a maddening quest all along. This panic over Peak Oil, or the alarmist thought that the earth is nearing the complete exhaustion of oil reserves, has made man turn different ways to [...]