Browsing All Posts published on »August, 2013«

Future growth in U.S. crude oil reservs

August 6, 2013

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The title, “New data show record growth in U.S. crude oil reserves” might lead most readers to believe that fantastic developments are afoot in the USA. However, if we study the report in detail we can see that large question marks exist over future oil production. The US Energy Information Agency, EIA, has now reported […]

The Economist: ”Oil is yesterday’s fuel”

August 1, 2013

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The next issue of The Economist has a front cover that says, “The future of oil – Yesterday’s fuel”. 14 years ago, on 4 March 1999, the front cover had a completely different message. Then, the editors of the Economist published an article titled, “Drowning in Oil”. They wrote that “The world is awash with […]