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Opinion: Why oil prices must go up

Green Car Congress

It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. Total global investment in oil and gas exploration grew rapidly over the last 15 years.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

While oil and natural gas are crucial to Russia, Russia’s crude and natural gas are crucial to its neighbors on the Eurasian landmass. mmbbl/day) in 2013. Russia’s oil and natural gas are also important to its Asian and Central Asian neighbors. Russia supplied about 30 percent (146.6 Natural gas data from Gazprom).

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