Reasonable prices for oil and gas can only be maintained if there is a plentiful supply.
Like Addax, Oryx will be focused on exploring for oil in west Africa and Iraqi Kurdistan.
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It was because traders thought that weaker economic performance would hit demand for oil.
Drilling for oil is thought to have a return on energy anywhere from 5x to 20x.
Then there is also the hedge with tech-centric ventures chasing molecular replacements for oil.
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Democrats are vowing this fund will be tightly crafted and used only for oil-spill payments.
Furthermore, pavement on land creates "expressways" for oil and other pollutants to run into the ocean.
Worries about future liabilities that firms may face for oil spills are also weighing on companies.
America and Britain argue that the Iraqi government has itself to blame for oil-for-food's slow progress.
But whatever the percentage allowed, this isn't a special deduction for oil and gas.
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Even then it's not likely to be the jackpot for oil companies that many expected.
This is true not just for oil and coal, but also of wind and solar.
Higher oil prices are making it feasible for oil firms to explore in deeper waters.
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Not long ago the petroleum industry poked fun at Canadians who mined for oil.
Some investors are apparently concerned about the impact of higher prices on demand for oil.
With demand for oil products booming in India, suppliers are scrambling to keep up.
Winter is on the way, and with it a seasonal upturn in demand for oil.
However, higher prices could put global economic recovery at risk, lowering the demand for oil.
And so my question is: Would you rather keep tax loopholes for oil companies?
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And that's why through the speech today he put out a new goal for oil savings.
As of Dec 2011, BLM says 38m acres are permitted for oil and gas.
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Seismology for oil exploration differs from earthquake seismology, which measures naturally generated seismic waves.
With its economy already weak, South Korea has been hit by rising prices for oil.
As US production was increasing sharply, demand for oil in the US actually declined.
So today we make both better silicon for solar cells, and better steel for oil exploration.
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That is why my Administration continues to open millions of acres for oil and gas exploration.
Most of the reason the gas price spiked three years ago was demand for oil increased.
Their increased consumption is more than compensating for falling demand for oil in rich countries.
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The second use is in an alloy with platinum in catalysts for oil refineries.
No surprise, either, that the demand for oil stocks is eliciting additional supply.
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