60 percent of oil and gas execs believe trend of declining reserves is irreversible

Results of a KPMG survey, which polled 553 financial executives from oil and gas companies in April 2007. “These executives are deeply concerned about declining oil reserves, a
situation they see as irreversible and worsening,” said Bill Kimble of KPMG LLP.

Gas prices – May 25

Petrol to hit £1 a litre within week in UK

Poll: Gas costs hurt, but many adjust

TOD readers on oil companies & gas prices
Wis. gas station shuts pumps over prices
House passes gas profiteering bill, but misses target
Oil exec calls on Americans to cut demand
LA Times: Don’t blame oil companies, blame us
MarketWatch: There’s more to it

The peak oil crisis: The minimum operating level

The size of our gasoline stockpile has become an important number, not only for everyone who drives, but also for the future of our economy… If stockpiles – on either coast – drop much more, we are going to find out, the hard way, exactly where the minimal operating level is, for that will be the day the shortages develop.