Posted in Oil, tagged Crude Oil Prices, Oil on November 28, 2008 | Leave a Comment »
The worldwide financial crisis and corresponding reduction in oil demand continues to send oil prices into freefall. From Upstream Online:
Oil fell towards $53 a barrel today, ending the month down more than 20%, as Opec ministers prepared to meet in Cairo to discuss potential further supply cuts as the global economic slowdown eats [...]
Posted in Arctic, Oil, tagged Arctic, Oil on November 21, 2008 | Leave a Comment »
From McClatchy News Service:
With global warming melting the Arctic’s eons-old ice at an alarming rate, shipping and oil companies are looking ahead at how to exploit the new open waters.
For the past 30 years, the summer Arctic icepack has been shrinking. In 2007, the melt reached record levels. This past summer, the ice shrank to [...]
