oil prodction Archive

  • frog

    OPEC struggles to control peak oil fluctuations



    As the global economy tumbles the price of oil has plunged down to about US$67 a barrel. As I’ve noted previously the dramatic falls and rises in price are indication that we are hitting peak oil. But, as importantly, peak oil is also playing its part in causing the crisis, as Energy Bulletin notes: The US [...] read more
    October 23, 2008 1:45 pm - 12 Comments