Archive | January, 2013

Pétrolia Temporarily Abandons Oil Exploration in Gaspé

Pétrolia decides to abandon its oil exploration in the town of Gaspé temporarily after an unresolved dispute.

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Getting Ready for US Energy Independence

The LT goal of US energy independence isn’t only about oil supply. Exporting oil, maintaining diversity in investments may be as crucial, experts say.

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OPEC – Current Oil Prices Will Not Collapse

The OPEC chief said that the organization does not see a possible collapse in the price of oil this year.

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Rock-bottom Prices of Canadian Crude Trigger Budget Cuts

Alberta stands to lose C$6 billion in revenues as the Canadian crude price plunges further. Surging U.S. oil output cited as main cause

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Chinese Firms Beef up Oil Investments in Iraqi Oil Wells

Chinese oil firms ramp up investments in Iraq’s oil sector amid forecasts of rapid growth in their reliance on foreign oil.

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Rise in Oil Price Blamed for Gas Price Increase

Wisconsin’s gasoline price rise is being attributed to oil prices increasing to almost $100 per barrel.

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