oilandgaspress.com

New Technology Makes Natural Gas a Viable Replacement for Oil

You have to also factor in the notion that the technology to drill for and retrieve oil has also improved greatly. We are now drilling for oil in areas deemed unthinkable only 10 years ago. I just cannot imagine being a viable replacement for oil but I see it as easing the pressure on demand for oil in the long term.

What We Can Do To Reverse the Oil Crisis

Its a global issue and not an American issue. The world is now fully awake and wants everything the Americans created and enjoyed but at what price? As the world enters into a global recession the oil prices will have to stabilize at possibly the $130 mark. Biofuel rush is now being blamed for higher food prices as the world scrambles to find an alternative to oil. Something has to give and i believe the economic law of supply and demand will balance things out. oilandgaspress.com

Why $140/Barrel Crude is Unsustainable

No one ever expected oil prices to reach $140 or more. Its already affected the economic balance on a global scale and everyone is talking about the alternative biofuel production having a drastic impact on food prices. The world will certainly be hard pressed to find an effective sufficient alternative to oil in the short term. Editor, Oilandgaspress.com

Is It Time to Bet Against Oil?

The demand from India and China alone, as there respective middle class expands more than guarantee that the price of oil will continue to rise. Its a supply and demand issue as well and as long as there is conflict in Nigeria , Iran, Russia and Venezuela supply will be restricted. editor, oilandgaspress.com

Is It Time to Bet Against Oil?

The way things are going I would not bet against the price of oil hitting the $150/barrel mark by september but I think it will settle at circa $143. Editor, oilandgaspress.com