Articles Tagged "Energy"

Bob Moriarty: US Energy Self-Sufficiency Nothing But ‘Feel-Good BS’

What the "tree huggers" don't realize, says 321energy.com founder Bob Moriarty, is that "the BMWs they drive to anti-Keystone protests need fuel." But the pipeline supporters who expect that fuel to come from American sources are just as delusional, Moriarty asserts in his scathing interview with The Energy Report. That's why he's looking beyond North America for lucrative oil plays. Find out which international producers may be ideally positioned to supply an energy-hungry U.S., and why Moriarty believes oil should be taxed "to the limit."

Peak Oil

The increasing investment in harder-to-reach oil is often sited as a sign of oil companies' belief in the end of easy oil. Additionally, while it is widely held that increased prices catalyze an increase in production, a growing number of oil insiders are now coming to believe that production is unlikely to increase widely beyond current ranges.

Crude Oil Slipped On U.S Jobless Claim Surge

Crude oil slipped in New York, paring this week’s gains, after an unexpected surge in initial jobless claims in the U.S. raised concern that fuel demand may slow in the world’s leading energy consumer. Anthony Nunan, an assistant general manager for risk management at Mitsubishi Corp. in Tokyo., stated: People are concerned that we could [...]

Cairn India will begin Oil Output from Rajasthan this month

Cairn India, part of the British oil explorer Cairn Energy, will commence crude oil production from its Mangla oil fields in Barmer, Rajasthan, from the second week this month. Rahul Dhir, chief executive of Cairn India, stated: The company has reached pricing agreements with principal buyers Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals. [...]

Cairn has commenced Oil Output from Rajasthan in August

Marking a milestone in two decades, Cairn India will commence crude oil production from its Rajasthan desert field of Mangala next month, helping the energy-deficit nation cut imports. Cairn CEO Rahul Dhir stated: We are operationally ready to commence oil production in August. For full story, click here