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Articles: American oil production (3)

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‘Drill, Baby, Drill’ fails: Why gasoline prices remain high despite oil boom

On Monday, USA Today reported that the price of gasoline hit $3.60 a gallon for the first time since October — an early start in comparison to the usual price rise seen in the spring. The increase occurred despite world oil production climbing to 88.8 million barrels per day in 2012, about …

Peak oil review - February 11

A weekly update, including: -Oil and the global economy -Middle East -US gasoline prices -Chavez unable to return? -Quote of the week -Briefs

An analysis of World Energy Outlook 2012

On 12 November the IEA’s World Energy Outlook report for 2012 (WEO-2012) was presented by the chief economist of that organisation, Dr Fatih Birol. When he did so there was one idea that the journalists in the audience latched on to – that by 2020 the USA would become the …

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