Seismic vibrators bounce soundwaves underground. The echo helps locate crude oil. STEVE AUSTIN | 2009/10/08 Many of us are aware of the value of oil and very aware of the oil price rise. Oil drills and oil exploration float to mind every time the oil prices go north. But are we aware of the process […]

Oil prices will resume their march upwards when the economy recovers. GIUSEPPE MARCONI | 2009/09/28 Someday the worst of this economic debacle will be over. Then the phenomenon of “Peak Oil”, when the world’s oil production reaches its maximum and begins a slow decline, will reassert its power to increase the price of oil. Now […]

High oil prices may have caused the economic collapse of 2008. STEVE AUSTIN | 2009/01/05 It took only 5 months for the price of oil to plummet from $150 to under $40 in the second part of the year. Meanwhile oil consumption did not even decrease 10%, so what is the real cause of this […]