…oil prices over the past two decades and uncertainty about possible future government decarbonization policies (what oil industry figures are ironically calling “peak oil demand”) are making large, long-term investments…

…20,000 barrels of oil per day at its first deep-water Gulf field, called Cottonwood. By 2013, Petrobras plans to raise output in the Gulf to as much as 150,000 barrels…

…Except for some partially subsidized oil supplied by Kuwait, all oil-producing U.S. allies in the region charge us the market rate for petroleum. Update: See Naked Capitalism on Wolf Becker…

…I can safely and for sure tell you that food labeling is approved by the USDA and or the FDA. A small change in a label or packaging such as…

…use MidEast oil up sooner. Bloomberg Points: “The oil industry has been on edge for months with onshore and offshore storage capacity levels tested worldwide due to ballooning oil inventories…

…to the Gulf Coast refiners. Of course, oil is fungible and if Canada exports their oil from their own ports it would have the same impact on world oil supply…

…energy consumption. Producing oil and natural gas in the U.S. provides energy security. Higher production generally keeps prices down or it is supposed to do so. However, using oil and…

…our capacity to tap shale oil considerably, the seven fold increase in oil drilling rigs in the US since 2009 has only produced about a 20% increase in oil production……

…rent taking by the oil and gasoline industry. Some detail. More at the Oil Price site. “Oil Ignores Escalation, Logs Biggest Weekly Drop Since 2025” Oil and Energy Insider @…

…exercise. A sustained oil price increase of that size would imply a permanent transfer of about ¼ percent of GDP from global oil importers to oil exporters, relative to the…