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Kuwait Researchers Forecast Global Conventional Crude Oil Production Will Peak in 2014; New Multicyclic Hubbert Model

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Scientists from Kuwait University and Kuwait Oil Company are forecasting that world conventional crude oil production will peak in 2014—almost a decade earlier than some other predictions. Their study is in published the ACS journal Energy & Fuels. Energy Fuels , Article ASAP doi: 10.1021/ef901240p.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A oil analyst cited in this article, who has tracked oil companies’ budgets for many years, estimates that Aramco and its Kuwaiti and UAE counterparts will increase their investment in oil exploration and production in 2015 by 4.5

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

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Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. The average production costs for the US is about $36 per barrel, but Rystad Energy estimates that some the key US shale plays have a $58-per-barrel breakeven point.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Live by Energy…. Energy is the foundation of Russia, its economy, its government, and its political system. According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5

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The Real Reason for USA based Economic Recessions.

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Recently I had the opportunity to speak at the annual Pennsylvania Energy Festival ( [link] ) back in September of this year. This article will also show how the price of oil contributed to the current housing crisis as well but the responsibility of that problem has other root causes that will not be discussed here. By Douglas A.

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