Posts Tagged ‘ oil production ’

Peak at 85 Million Barrels of Oil a Day

Oct 23rd, 2009 | By | Category: Featured, Oil
Eighty-five million barrels a day. That’s the most that can be produced. So when recession causes a temporary decrease in world consumption, it can seem like those 85 million barrels are enough. But consumption is bound to resume its upward climb, while those 85 million barrels a day are all we ...read more

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Mexican Oil

Jul 2nd, 2008 | By | Category: Oil
In March 1971, a Mexican fisherman named Rudesindo Cantarell appeared at the offices of the state-owned oil company Petróleos Mexicanos (Pemex) in southern Mexico. Cantarell had a complaint. He believed that Pemex had spilled oil near his favorite fishing spot in the Bay of Campeche. The oil had ruined several ...read more

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“I Won’t Rob You”

May 9th, 2007 | By | Category: Oil
"We're going to pass a law, Rocca," said Venezuelan President Hugo Chavez last week. Ordinarily, it is no big deal when a nation passes a law or two. The world is full of legislatures that pass laws. And the world is also full of lawyers, who figure out how people ...read more

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