Even after all that there will be young earth creationists who will insist earth is just 6000 years old, and dinosaur fossils and theory of evolution are part of a global conspiracy.:hitwall:
Nope,We are talking about the price of Crude oil,Not the price of the refined petroleum products..If they are not involved in fixing why there is a need for such organization.Their stated goal is to The goal is to secure a steady income to the member states,Which means fixing global oil...
You mean energy independent right.Yeah,there are many ways to define energy independence.One is producing enough oil domestically so that there is no need for imports.This is were US is headed.Last year, the United States imported only 40 percent of the oil it consumed, down from 60 percent in...
That's correct,The economic feasibility of oil shale extraction and processing is highly dependent on the global oil prices and the development of new drilling technology.At present the in US shale oil production will be economically viable at an estimated average global price of $54.With in a...
Ahh,the title.Sorry about that,Don't get me wrong.I don't wish to make any political statement.The question here whether this North American oil boom will lead to a 1980 like oil glut like scenario that will pull down price too low.You know this oil glut was responsible for the collapse of the...
Very difficult to say,It all depends on the nature of Shale rock and the quantity of the useful oil it contains.Note that shale oil extraction technologies are still developing,So every thing is a guess.But surely it will change the global energy landscape for ever and polar bears can soon say...
These high crude prices are artificially created by OPEC countries.In 2008 OPEC countries cut more than four million barrels of oil a day to stem a price crash during the financial crisis.They want high crude prices to finance their bloated budget.So what ever the case they will let the price of...
There are none,Andaman Nicobar Islands is India's most strategic asset that will help us keep a close watch of Strait of Malacca.There is no way we are gonna share it with anyone.
To Drill or Not to Drill
The coming American oil boom is bad news for Saudi Arabia. How the kingdom responds could very well determine if it survives.
Current trends in the global energy market don't look good for Saudi Arabia. First, the International Energy Agency projected in November...
There is a long history of linking Australian foreign policy to the term ‘Asia-Pacific’.The present change in the terminology to Indo Pacific is quite significant.This indicates a tectonic shift in the Australia's foreign policy.And I have to say it was a big surprise.This will mean...