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Deep Water Oil Drilling Scaled Back, May Tighten Crude Supplies
March 20 (Bloomberg) -- Oil and gas explorers postponing or scrapping deep water drilling projects are potentially reducing crude supplies by as much as 2.4 million barrels a day in 2011, Morgan Stanley said. Deep water ventures that were planned as of August would have added 6.3 millions ...
As Oil and Gas Prices Plunge, Drilling Frenzy Ends
As Oil and Gas Prices Plunge, Drilling Frenzy Ends
nytimes.com — As Oil and Gas Prices Plunge, Drilling Frenzy Ends... (more) As Oil and Gas Prices Plunge, Drilling Frenzy Ends
Do Oil and Gas ETFs Have a Future?
Do Oil and Gas ETFs Have a Future?
etftrends.com — Oil and gas demand has fallen of a cliff. As chants of “drill, baby, drill” fall away... and the frenzy to find new oil fields recedes, many wonder what’s in store for these commodities and their exchange traded funds (ETFs). Yes, ... (more) Do Oil and Gas ETFs Have a Future?
When Oil Was Free
gregor.us — Were you alive when oil was free? Were you born yet? Did you have TV? Let me... help: Oil was free about two months ago in January, when it traded around 34.00 per barrel. Each barrel of oil contains about 5.8 million BTUs. Each American uses about 25 ... (more) When Oil Was Free
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Drumbeat: March 20, 2009
The Oil Drum - Discussions about Energy and Our Future — Deep Water Oil Drilling Scaled Back, May Tighten Crude Supplies Oil and gas explorers postponing or scrapping deep water drilling projects are potentially reducing crude supplies by as much as 2.4 million barrels a day in 2011, Morgan Stanley said. Deep water ventures that were planned as of August would have added 6.3 millions barrels a day to global oil supplies, and so far projects that would have provided 2.4 million barrels have been canceled or delayed, analysts Martijn Rats and Robert Pulleyn said in a report today. The amount of future production lost is about 90 percent of India’s demand. “Lower oil prices ...

Drumbeat: March 20, 2009
The Oil Drum - Discussions about Energy and Our Future — Obamas to Plant Vegetable Garden at White House WASHINGTON — Michelle Obama will begin digging up a patch of the South Lawn on Friday to plant a vegetable garden, the first at the White House since Eleanor Roosevelt’s victory garden in World War II. There will be no beets — the president does not like them — but arugula will make the cut. While the organic garden will provide food for the first family’s meals and formal dinners, its most important role, Mrs. Obama said, will be to educate children about healthful, locally grown fruit and vegetables at a time when obesity and diabetes have become a national ...

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