How Wall Street Will Kill the Recovery – BusinessWeek

Posted by Matt in October 21st, 2009 | no comment

Published in Economy, Financial, Barrel Oil, Businessweek, Downturn, Economy, Excesses, Explosion, Federal Money, Gasoline Price, Oil Market, Oil Prices, Oil Report, Wall Street

Wall Street is taking much of its federal money and using it to again speculate in the oil market. That’s bad for everybody
Wall Street is up to its old tricks again.
One year later, one of the key excesses that led our consumer-based economy into an historic downturn is being abused in the [...]

Oil – Hope and anxiety

Posted by Matt in June 4th, 2009 | no comment

Published in Economy, Oil, Anxiety, Barrel Oil, Brazil, China, Decades, Dollar, Downturn, Economic News, Economists, Emerging Economies, Global Supply, India, Norm, Oil Price, Oil Prices, Seven Months

THE price of a barrel oil went past $68 during the day on Monday June 1st, the highest level in seven months. Although this remains less than half the peak of last July, prices are likely to remain above the norm of the past few decades, lifted with every bit of cheery economic news and [...]

Massive Oil Deposit Could Increase US reserves by 10x

Posted by Matt in March 28th, 2008 | no comment

Published in Oil, U.S., Arctic National Wildlife, Arctic National Wildlife Refuge, Bakken Formation, Barrel Oil, Boom, Burdens, Geological Survey, Geologist, Job Boom, Lefever, National Wildlife Refuge, New Technology, New York Times, North Dakota, Oil Deposit, Oil Field, Oil Reserves, Oil Supply, Short Squeeze, Trump Card, Western Economies

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost Americaâ€™s Oil reserves by an incredible 10 times, giving western economies the trump card against [...]