Sudan is one place where exploration can yield results. Of course, mention Sudan and it evokes images of refugees, civil war, and Darfur. But Oil? Full Article...
Despite the extraction costs of oil from tar sands, in today's current market the production of petroleum from tar sands is still an extremely profitable affair for companies mining Canadian tar sands.
The idea that oil shocks resulting from Peak Oil may cause large economic disruptions is not new. What is new is that there is now real world data suggesting that this anticipated turbulent phase is underway.
A contango is when the investor or producer puts the commodity into storage waiting for the prices to improve-before selling. Markets get into contango when the prices don't reflect the actual value of the commodity.
When oil prices were dropping after the Dubai crisis, Iran took it upon itself to save the price of oil. After all, Iran has the third largest oil reserves in the world. But how did it go about doing it? By a small symbolic gesture of planting the Iranian flag on a low productive oil field in Iraq.
You too can put the oil price dashboard on your web site, Blogger page or blog. The dashboard displays the price of crude oil in real time. You only need to copy and paste the following code on your page and to follow our regulation below.
Code for Crude Oil Dashboard:
<script type="text/javascript"
src="http://www.oil-price.net/TABLE2/gen.php?lang=en">
</script>
<noscript> <a href="http://www.oil-price.net">To get the oil price, please enable Javascript.</a>
</noscript>
Dashboard Use Regulation
Please no inappropriate content. Use code no more than once per web page. Please redistribute code unchanged.
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