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Cramped on Land, Big Oil Bets at Sea

Posted in January 5th, 2010
by hallslug in Oil Crisis, Peak Oil, Politics, Rich People

Big Oil Bets on Sea

Chevron
Chevron is leasing the Clear Leader, which floats in 4,300 feet of water in the Gulf of Mexico, to drill for oil through nearly five miles of rock.

Big Oil never wanted to be here, in 4,300 feet of water far out in the Gulf of Mexico, drilling through nearly five [...]

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Crude Awakening

Posted in October 24th, 2009
by hallslug in Economy, Oil Crisis, Peak Oil, Politics, Rich People

Crude Awakening
NEW YORK (MarketWatch) — Most of us can’t stockpile barrels of crude oil in the backyard, nor would we want to. Yet with oil prices soaring, many investors are eager to fill their portfolios with this precious fuel.
Accordingly, a specialized group of exchange-traded funds taps into oil rallies. But investors should be aware that [...]

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Oil Falls Below $100 and We Are All Being Scammed!

Posted in September 13th, 2008
by hallslug in Go Green, Oil Crisis, Peak Oil, Renewable Energy, Slug Notes, Solar Power

Oil Fell Below $100 a Barrel on Friday Yet Gasoline Continues to Rise
NEW YORK (AP) - The worst oil shock since the 1970s has put a permanent mark on the American way of life that even a drop in oil’s price below $100 a barrel won’t erase.Public transportation is in. Hummers are out. Frugality is [...]

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Oil Drops $6 a Barrel

Posted in August 22nd, 2008
by hallslug in Economy, Oil Crisis, Peak Oil, Renewable Energy

Oil Makes Record One Day Drop
Oil prices tumbled more than $6 a barrel Friday — the biggest one-day percentage plunge in nearly four years after a rebounding dollar and a Russian troop pullback in Georgia sparked another frenzied sell-off.

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Gas Prices Continue to Fall

Posted in August 10th, 2008
by hallslug in Economy, Peak Oil, Politics

Gasoline Prices Continue Fall
NEW YORK, Aug. 10 (UPI) — Retail gasoline prices have fallen for the 24th straight day, a AAA survey of gas station sales showed.The national average price for a gallon of regular gas are down more than 7 percent from the record high of $4.114 on July 16, CNNMoney.com reported Sunday.
Even [...]

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Gas Prices Fall to Seven Week Low

Posted in July 25th, 2008
by hallslug in Economy, Oil Crisis, Peak Oil

Gas Prices Fall to Seven Week Low
It’s all relative I guess.
NEW YORK - Oil prices sank to their lowest point in weeks Friday as investors questioned whether crude has cooled enough to reflect a serious deterioration in demand. Prices at the pump eased to nearly $4 a gallon, and AAA said a gallon of gas [...]

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Gore Calls For Carbon Free Power Within Decade

Posted in July 17th, 2008
by hallslug in Economy, Go Green, Peak Oil, Politics, Renewable Energy, Solar Power

Gore Calls for Carbon Free Power Within Decade
WASHINGTON — Former Vice President Al Gore said on Thursday that Americans must abandon electricity generated by fossil fuels within a decade and rely on the sun, the winds and other environmentally friendly sources of power, or risk losing their national security as well as their creature comforts.

Skip [...]

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