Crude Oil Crunch in 5 years ?
Discussing the probability of an oil shortage in 2015, with John Kilduff, Round Earth Capital, and Dr. Robert Hirsch, Management Information Services.
Oil and Gas Market ,Opec Oil and Gas market prices Saudi Arabia Aramco Shell BP Petroleum ELF ,brent , crude NIMEX Gulf Emirates Kuwait Iraq Iran UAE Angola Russia cartel
Tuesday, February 9, 2010
Possible Oil shortage in 2015
Discussing the probability of an oil shortage in 2015, with John Kilduff, Round Earth Capital, and Dr. Robert Hirsch, Management Information Services.
Where does Obama Stand on Offshore Drilling
Obamas Stance on Offshore Drilling
The Institute for Energy Researchs Patrick Creighton on whether Mr. Obama has changed his mind on expanding U.S. drilling projects.
Russian Lukoil eyes profit in Iraq
Published 09 February, 2010,
Russia's largest private oil company, Lukoil, has told RT it can make a profit from its huge investment in Iraq.
The head of the firm's overseas operations, Andrey Kuzyaev, admitted that these days they must take risks to make a profit. West Qurna contains the world's second largest known oil reserves. In December Lukoil and Norway's Statoil won the right to develop stage 2 of the project. The companies will earn only $1.15 a barrel under their contract with Iraq's oil ministry, but Kuzyaev says the $30 billion investment is worth it.
Deposits in Iraq are incomparable with those in any part of the glove. Developing the worlds largest hydrocarbon fields stimulates technology and supports contractors with Russian companies among them.
Russia's largest private oil company, Lukoil, has told RT it can make a profit from its huge investment in Iraq.
The head of the firm's overseas operations, Andrey Kuzyaev, admitted that these days they must take risks to make a profit. West Qurna contains the world's second largest known oil reserves. In December Lukoil and Norway's Statoil won the right to develop stage 2 of the project. The companies will earn only $1.15 a barrel under their contract with Iraq's oil ministry, but Kuzyaev says the $30 billion investment is worth it.
Deposits in Iraq are incomparable with those in any part of the glove. Developing the worlds largest hydrocarbon fields stimulates technology and supports contractors with Russian companies among them.
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