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December, Tuesday 22 2009 - 09:53:52
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Oil Drilling - an Expensive Business

Oil Drilling - an Expensive Business By MERLIN LAFLEUR, 2009/12/16

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Among all the undertakings in the world, this could rank as one of the riskiest ventures-oil drilling.
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Must Read:

Could Oil be a safer investment than Gold? By GIUSEPPE MARCONI, 2009/12/10

There is simply no substance known to man that produces as much energy per liter for as cheap as oil. Any attempt to make "counterfeit" oil, to manufacture such potent combustible material is guaranteed to cost more, a losing business proposition. So oil is counterfeit-proof because it is... cheap. On the other side crooks will often counterfeit gold for a profit because it is... expensive

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How will the Dubai crisis affect oil prices? By MERLIN LAFLEUR, 2009/12/04

Of course, the oil prices fell immediately. On November 27, the January contract for benchmark US light sweet crude slid to $76.05/bbl, a decline of 1.91.

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International Energy Agency: Capitulation to Peak Oil? By MERLIN LAFLEUR, 2009/11/28

According to an IEA official, "One day we will run out of oil. It will not be today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us, and we have to prepare ourselves for that day," he said.

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Did High Oil Prices cause the Financial Crash? By GIUSEPPE MARCONI, 2009/11/18

It was in fact high oil prices which caused the financial crisis we have experienced in the past two years.

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