Industry News page 5

EIA Predictions for 2011-2012 - Apr 13th, 11
EIA forecasts higher summer fuel prices, tightening oil market

More Peak Oil News - Mar 8th, 11
Shell's new report on their findings regarding "Peak Oil" spurs contrasting opinions from several "experts".

Price of crude oil in 2011 - Mar 1st, 11
United States Energy Information Administration expects the price of WTI crude oil to average about $93 per barrel in 2011, $14 higher than the average price last year.

"Peak Oil", here at last. - Feb 28th, 11
Most “in the know” authors of the status of global oil production, recoverable reserves or anticipated discoveries were either touting warnings of Peak Oil on the one hand, or on the other hand, refusing to acknowledge any practical foundation to the theory and giving only a slightly noticeable grimace of opined canards about the subject altogether. Suddenly half a decade later it appears to be reported as a part of history, and from one of the more derisive “experts” on the subject. The 2010 IEA World Energy Outlook indicates conventional crude oil production on a global basis peaked in 2006. While the report indicates unconventional oil and liquid gas will fill a large gap in declining conventional oil production through the year 2035, said decline is indicated to fall to one-third of 2010 production level by that same time.

Shale gas supply expected to keep US prices low in 2011 - Dec 15th, 10