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declining oil prices

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  • Oil depletion — per major producing country. This model assumes world oil depletion remains constant at the 2004 level of 80 million barrels per day.[1] However, world oil depletion is currently (as of 2008) at 85 million barrels per day …   Wikipedia

  • Oil reserves in the United States — United States oil reserves peaked sharply in 1970 Proven oil reserves in the United States are 21 billion barrels (3.3×10^9 m3), excluding the Strategic Petroleum Reserve. The U.S. Department of the Interior …   Wikipedia

  • Oil sands — The Athabasca oil sands in Alberta, Canada, are a very large source of bitumen, which can be upgraded to synthetic crude oil. Bituminous sands, colloquially known as oil sands or tar sands, are a type of unconventional petroleum deposit. The… …   Wikipedia

  • Oil reserves in Canada — Petroleum in Canada This article is part of a series. 1. Early history 2. Story of natural gas 3. Oil sands and heavy oil 4 …   Wikipedia

  • Oil reserves in Iran — Iran s Oil and Gas Fields and Infrastructures Oil reserves in Iran, according to its government, rank third largest in the world at approximately 150 billion barrels (24×10^9 m3) as of 2007, although it ranks second if Canadian reserves of… …   Wikipedia

  • Peak oil — A logistic distribution shaped production curve, as originally suggested by M. King Hubbert in 1956 …   Wikipedia

  • 2003 to 2008 world oil market chronology — This article is a chronolgy of events affecting the oil market. For a discussion of the energy crisis of the same period, see 2000s energy crisis and Effects of 2000s energy crisis. For current fuel prices see Gasoline usage and pricing. From the …   Wikipedia

  • 1980s oil glut — The 1980s oil glut was a surplus of crude oil caused by falling demand following the 1973 and 1979 energy crises. The world price of oil, which had peaked in 1979 at over US$35 per barrel, collapsed in 1986 from $27 to below $10. [cite news title …   Wikipedia

  • Athabasca Oil Sands — The Athabasca Oil Sands (also known as the Athabasca Tar Sands) are large deposits of bitumen, or extremely heavy crude oil, located in northeastern Alberta, Canada. These oil sands consist of a mixture of crude bitumen (a semi solid form of… …   Wikipedia

  • 2002 world oil market chronology — *January 1: The OPEC crude oil production quota cuts of 1.5 million barrels per day, announced on December 28, officially go into effect for six months. Crude oil production or export cuts of convert|462500|oilbbl/d|m3/d by five non OPEC oil… …   Wikipedia

  • Predicting the timing of peak oil — M. King Hubbert, who devised the peak theory, correctly predicted in 1956 that oil production would peak in the United States between 1965 and 1970Nuclear Energy and the Fossil Fuels,M.K. Hubbert, Presented before the Spring Meeting of the… …   Wikipedia

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