The evidence is mounting that the U.S. might just encounter the first real crisis of the oil depletion age before the year is out.
For the last few days, the press has been full of stories about the possibility of oil reaching $100 a barrel this winter. As prices have been bouncing around in the low $80s for the last couple of weeks, another $20 increase will do it. The theory behind the $100 […]
Every now and again, a senior oil company executive speaks optimistically to some august gathering about all the oil that is left. This time the honor fell to Stephen Pryor, president of ExxonMobil Refining. Speaking to a conference in Houston, Mr. Pryor stridently asserted that “energy resources are adequate to […]
The story broke the morning after Labor Day, when the Wall Street Journal ran a front-page piece reporting that Chevron along with two partners had announced the results of a major oil production test in the Gulf of Mexico. The partners Chevron, Statoil, and Devon Energy ran the test on […]
The guns began early. By mid-July, Israel and her various adversaries were locked in combat with bombs falling, rockets flying, reserves mobilizing and casualties mounting. As the fighting increased, observers noted the similarities between the assassination of Archduke Ferdinand in 1914 and the provocative abduction of two Israeli soldiers by […]