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 [...]

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 [...]

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 [...]