Dow Jones

Sec. Bodman: Oil Producers Unable To Respond To Demand

U.S. Energy Secretary Samuel Bodman said Tuesday that oil producers have “lost control of the market,” which is currently in hands of oil traders.

July 18, 2006

EIA projections are not realistic

The former head of Saudi Arabian Oil Co’s oil exploration Wednesday sharply criticized U.S. government oil supply projections. “The whole industry laughs at it,” said Sadad Al-Husseini.

October 26, 2004

Demand for Oil Could Outstrip Supply

A respected oil-forecasting group predicted that the energy industry may be unable to produce enough oil to meet projected demand by the end of the next decade, in a study that lends support to a small chorus of analysts who warn that a peak in petroleum output is looming in the years ahead.

September 8, 2004

Deep Water Covers 180B Bbls Undiscovered Oil, Gas – Study

Deep water covers 180 billion barrels of the world’s undiscovered oil and natural gas reserves, more than twice the amount yet found, Scottish energy consultants Wood Mackenzie said Wednesday.

July 7, 2004

Worry grows over Shell’s reserves error

Royal Dutch/Shell Group’s disclosure that it overstated its proven reserves by 20 per cent rattled energy investors and is raising questions about whether the oil industry as a whole has inflated its prospects.

January 12, 2004

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