oil resources

Will the United States Run Out of Oil? Sooner Than Expected, Report Says

July 8, 2009 / 2 Comments

Peak Oil has been a theory of immense discussion and though I don't get much of it, the comprehension that it has something to do with maximum oil production around the globe is ample for me and for the rest of you. I may not understand the basics of Peak Oil, but what I do know is that the global ...

Unexplored Oil and Gas Resources in the Arctic, Mostly Russian

May 29, 2009 / No Comments

They say the balance of power shifts with the control over natural gases and oil reserves. It might be the right notion with Russia, US, Canada and Denmark staking their claim over the region that falls north of the Arctic Circle. These countries would get back to staking their claims as scientists from the USGS in collaboration with international researchers have ...