Section » Peak Oil Daily
ENERGY AGENCY WARNS OF DANGER FROM HIGH OIL PRICES
Peak Oil News Feb 10, 2011 ENERGY AGENCY WARNS OF DANGER FROM HIGH OIL PRICES by Richard Lein PARIS (AFP) - The global recovery will drive oil prices dangerously higher this year, possibly to the level where they could push the economy into a marked slowdown, the IEA warned Thursday. The prospect of rising inflation, driven by oil and other higher commodity prices, coupled with political instability
More
Briefs May 11, 2009
Chevron Corp. said its $4.7 billion Tahiti field in the Gulf of Mexico began pumping crude yesterday, almost two years after faulty parts delayed the project. The field, located 190 miles from New Orleans in 4,100 feet of water, is expected to produce 125,000 barrels of oil a day when output peaks. (5/7, #17) The US Minerals Management Service has cut its forecast
