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Oil Supply

IEA Sees Oil Glut Gone By 2017

James Stafford | Posted 04.15.2016 | Business
James Stafford

The global glut in oil supplies could shrink substantially in the second half of this year, signaling a potential rise in oil prices in just a few mon...

Why An Overflowing Oil Supply Won't Drown Renewable Energy Growth

The Huffington Post | Alexander C. Kaufman | Posted 01.19.2016 | Business

Climate change, caused in large part by the emissions from burning oil, may drown much of the world's coastal cities as sea levels rise. But first, o...

Fossil Fuel Euphoria

Michael T. Klare | Posted 01.23.2014 | Green
Michael T. Klare

What we're seeing is a sea change in elite thinking on the future availability and attractiveness of fossil fuels. There are good reasons to be deeply skeptical of such claims, but that hardly matters when they are gaining traction in Washington and on Wall Street.

When It Comes to the World's Oil Supply, There Is No Free Market

T. Boone Pickens | Posted 06.11.2013 | Business
T. Boone Pickens

Whenever I bring up the importance of getting America the energy plan it deserves, someone always says, "Boone, let's not pick winners and losers. Let's let the market decide." There's only problem with that statement.

Gas Prices Are Going Up Early This Year

Reuters | Posted 04.12.2013 | Business

* U.S. retail gasoline averages $3.5918/gallon * Rise comes in response to increases from wholesalers * Brent crude oil ...

How Much Americans Spend On Gas Every Year [GRAPHIC]

The Huffington Post | Posted 03.04.2012 | Business

It's springtime, and you know that means: The return of your gas price nightmares. Hey, with the average American spending over $2,000 per year just t...

Oil Demand Outweighing Supply, OPEC Says

Posted 08.10.2011 | Business

(AP) VIENNA — An OPEC report suggests that world demand for its oil is outstripping the present supply. The monthly demand forecast from the Orga...

OPEC: Talks Broke Down Because Of Economics, Not Politics

Posted 08.09.2011 | Business

VIENNA (Alex Lawler and Barbara Lewis) - Economics, rather than politics was behind the collapse of this week's OPEC talks and the group as a whole wo...

Saudi Stocks Plunge On Middle East Unrest

Bloomberg | Posted 05.25.2011 | Business

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When the Market Fails

Craig K. Comstock | Posted 05.25.2011 | Green
Craig K. Comstock

The market fails at giving a timely signal to prepare for "peak oil." Given that we can't invest trillions on the basis of mere speculation, where are we going to get the data on the basis of which to prepare in time?

What Does King Abdullah Know?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

No matter where you look, it is becoming increasingly clear that tomorrow's oil supply is going to come from very different places than today's.

Without Higher Prices, Tar Sands Not Even Economically Sustainable

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

The Alberta tar sands are not a new discovery. The only thing new about the tar sands is that they are now considered a commercially viable source of oil supply.

What's Plan B?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

America's Plan A for the future of its oil supply was shaky to start with. Hurricanes, and the devastation they've brought to offshore oil platforms i...

Gulf Oil Disaster Doesn't Make the Tar Sands Green

Jeffrey Rubin | Posted 05.25.2011 | Green
Jeffrey Rubin

Tar sands producers and others are promoting tar sands oil as an ecologically-friendly alternative to the environmental risks of another deep-water oil spill. How low the bar has fallen.

A Moratorium on Supply Growth

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

President Obama's recently announced moratorium on deep-water drilling in the Gulf of Mexico is effectively a freeze on growth in US oil production. A...

Wall Street Speculators Driving Up Oil Prices

Posted 05.25.2011 | Business

WASHINGTON -- Oil consumption has fallen, demand from U.S. motorists for gasoline is flat at best and refiners that turn crude into fuel are operating...

Brazilian Oil: Government Seeks Greater Control Of Coastal Reserves

New York Times | ALEXEI BARRIONUEVO | Posted 05.25.2011 | World

RIO DE JANEIRO -- Faced with the world's most important oil discovery in years, the Brazilian government is seeking to step back from more than a deca...