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Peaking Your Interest On Gas and Oil

Poor, poor Haliburton didn’t make as much money this quarter due to contracts it signed when oil prices were slumping last year. (gasp!)

Oil and natural production has been rejuvenated in the big old Texas oil field of Granite Wash. The new technique? Drilling sideways.

Sources of growing oil demand: #1 China, #2 Saudia Arabia. Sort of the opposite of NIMBY.

Analysts thought the price of oil was heading higher. Enter the Goldman Sachs debacle and the volcano and down it goes. Probably not for long, though.

Steven Chu was really talking about the arguments of ASPO that we are already there, when he spoke of ‘Peak Oil.’

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