Posts
A
collection of stories, thanks to RiceFarmer
Energy
Decline
Essentially
it is price that will decide what oil is recoverable, and what isn't.
And we are already witnessing the effects of the energy
price barrier as
even the BRICs slow and governments go more deeply into debt. -- RF
Mr
Keiller said the industry has been too slow to change the way it
operates over the past 10 years. During that time, the cost of
extraction per barrel has risen four fold.
Brazil's
oil and natural gas output fell in July as production from new
offshore fields declined, adding to more than a year of sluggish
output caused by the decline of older areas and maintenance
shut-downs.
China’s
smallest oil imports from West Africa in at least two
years are curbing demand for tankers on the second-longest trade
route, prolonging the worst rates in more than a decade for
Frontline Ltd. and other owners.
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