All these oil company moves are disguised with explanations like we are buying US Shale Oil instead, yet an examination of US total discovered Oil reserves shows it accounts for less than 1% of the worlds oil, more importantly most of the so called buying is not buying it options to buy 6 months or more from now.
The name BP Amoco Arco Burmah Castrol shows the extent of one oil giant's merger activity, before it wisely chose to rename itself BP.
The chart of the November crude oil contract shows that prices are reaching the apex of its flag formation, lines f and g.
Chart Analysis : The weekly chart of crude oil shows the powerful rally from the early-October low as crude oil held above the major 50% retracement support.
And Saudi Arabia's thirst for its own oil shows little sign of abating.
The chart of the seasonal trend shows that crude oil typically bottoms in February, as indicated by line 1.
Non-oil business is also booming: a survey of some 114, 000 non-oil companies shows an average 43.9% increase in profits.
Chart Analysis : The weekly chart of the December crude oil futures contract shows that it formed lower lows, line b, last week.
There's a chart behind me right here -- we're using visual aids today. (Laughter.) The bar on the left shows that six years ago, 60 percent of the oil we used was imported.
The real agent behind higher oil prices is the Federal Reserve, which my research shows has more power than all the sheiks of Arabia when it comes to increasing the price of oil.
It also mentions that a million seabirds could have been exposed to the oil, and research shows that hatching success of oiled eggs was lower compared to unoiled eggs.
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This experience shows that when the value of the dollar went up, the price of oil went down.
If the U.S. continues to hurtle toward the fiscal cliff and shows signs of falling over, that could be a factor helping push crude oil under that triangle support line.
Eric Smith, associate director of the Tulane Energy Institute, says the BP oil disaster shows that the industry knows how to drill in deepwater, but doesn't have the technology to fix problems if something goes awry.
It shows only a very superficial understanding of Latin America politics, petroleum policies and current oil business developments.
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Emerging Asia and Central and Eastern Europe are the most vulnerable regions in the face of a protracted rise in the oil prices, research by Nomura shows.
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The idea of economists to use artificial scarcity pricing to do this is aggressively marketed in blogs, magazines and TV shows, but is extremely unlikely to work, because the current price elasticity of oil is so low.
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It shows that GLD, SPY, and crude oil all surged in the first two months of the year.
Though its 3.96 million barrels of net oil equivalent per day still puts it well ahead of all publicly traded oil giant except the freshly expanded Rosneft, the slip shows just how hard it is for a giant to keep replacing declining output, let alone grab some growth.
Simple math shows that a marginal gas or oil well has a power density at least 22 times that of a wind turbine while a nuclear power plant has a power density that is more than 8 times that of a solar photovoltaic facility.
The same document shows that the percentage deficit for the UK as a whole is greater than for Scotland alone when a geographical share of oil is included in the Scottish figures.
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