NO PEAK OIL -SAUDI OPENING OLD FIELDS

Mar 2, 2012 | General

No Peak Oil – Why Then is Saudi Aramco Opening Old Wells for Heavy Crude? By James Burgess | Fri, 17 February 2012 18:57 Following the Iranian Revolution in 1979 demand of oil from Saudi Arabia fell from ten million barrels per day (bpd) to three million bpd. As...

Have We Beaten Peak Oil????

Mar 2, 2012 | General

Has the United States beaten peak oil? Not so fast. February 17, 2012 In the past five years, warnings about peak oil have gained a lot of traction. U.S. oil production, after all, has fallen sharply since 1970. Global oil output has plateaued of late, even as China...

Latest Oil Developments

Mar 2, 2012 | General

  Ali Al-Naimi, Minister of Petroleum and Mineral Resources, inaugurates the Dhahran Unconventional Resources Research and Technology Center at the Dhahran Techno Valley (DTV), Wednesday. — SGSaudi Gazette DHAHRAN – The first research center in Saudi Arabia that...

China Backs Iran

Jan 13, 2012 | General

China backs Iran and Pakistan, and will replace the United States in Afghanistan as its ally with Pakistan as the United States forces withdraw.  The projection of force by the United States in Afghanistan could never have succeeded under these circumstance with...

Two year Old Manchester Guardian Article

Sep 26, 2011 | General

Key oil figures were distorted by US pressure, says whistleblower Exclusive: Watchdog’s estimates of reserves inflated says top official Monday 9 November 2009 21.30 GMT Article history The world is much closer to running out of oil than official estimates...

Lunch at The Four Seasons with: David Lifschultz

Sep 22, 2011 | General

Published by The New York Sun on 2005-12-08 David Lifschultz carries his solution to the world’s oil problems in a beaten-up briefcase. Literally. “See – here,” Mr. Lifschultz, CEO of GenOil, said, bringing out a blue velvet box and opening it...

Shell chief warns of era of energy volatility

Sep 22, 2011 | General

Oil and gas supplies will struggle to keep up with world demand growth, making energy prices more expensive and more volatile in the long term, the head of Europe’s largest oil company has warned. Peter Voser, the chief executive of Royal Dutch Shell, told the...

Genoil Inc. Receives Coast Guard Certification for Its Crystal MU 30 and MU 40 Bilge Separators

Sep 16, 2011 | Press Release

CALGARY, ALBERTA–(Marketwire -09/16/11)- Genoil Inc. (TSX-V: GNO.V – News) (OTC.BB: GNOLF.OB – News) is pleased to announce that two larger model Crystal MU 30 and MU 40 oily-water separators, of 5 m3/h and 10 m3/h capacity, have recently been...

Hunt for top-grade crude sources begins

Sep 2, 2011 | General

The crisis in Libya is halting production of some of the world’s most coveted oil. The reservoirs beneath its desert landscape yield crudes that are easily refined into diesel and petrol and also low in sulphur, making them cleaner to burn. Opec, of which Libya is a...

Heavy Oil and Oil Sands

Sep 1, 2011 | General

What role should oil sands play in the world’s future energy mix? Oil sands and heavy oil production are essential to meeting global energy demands. According to the International Energy Outlook world energy consumption is projected to increase 49% from 2007 to 2035....