Shale Could Rock Oil Supply
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The federal government and oil companies are trying to refine the process of turning oil shale into crude so that they can tap into an abundant supply on federal lands. In Autopia.
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This oil company has the chops to make a good investment.
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WASHINGTON -- Despite record oil prices and strong projected demand from China and the United States, major oil firms are skimping on their exploration budgets and pocketing big profits while waiting out the storm of high prices, oil analysts say.
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It's big ... it's bountiful ... it may even best the Barnett shale.
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World oil prices surged nearly $2 on  Friday on worries the stormy season in the Gulf of Mexico would  continue to hamper energy production and imports, delaying  vital stock building ahead of the coming winter months.
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Experts are divided on the next move for crude futures, and even on the factors that influence them. NEW YORK  - The biggest two-day slide in oil prices since 1991 may have brightened faces on Wall
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The Christian Science Monitor - Oil-sand, oil-shale, and coal-to-oil projects &#8211; alternative fuel sources that could enhance US energy security &#8211; have always faced one hurdle. They look good only when oil prices are high. Now, they have another challenge: global warming.
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Crude oil futures may rise in New York on speculation Hurricane Ivan could disrupt output from platforms in the Gulf of Mexico as the storm nears the US mainland this week.
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The Organization of Petroleum Exporting Countries, source of more than a third of the world&#39;s oil, may raise its output target by as much as 3.8 percent in a bid to lower near-record prices.
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Chevron and its partners have successfully extracted oil from a test well in the deep waters of the Gulf of Mexico, an achievement that could be the biggest breakthrough in domestic oil supplies since the opening of the Alaskan pipeline.
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Crude oil vaulted through a psychological barrier amid concern about whether production can keep up with rising global demand.
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Outlook for growing demand as supply is crimped by events in Nigeria and Iran sends crude prices higher.
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As record high prices raise concerns about future supplies of oil, the International Energy Agency, in a new report, stressed the need for oil-producing countries and international
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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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LONDON : Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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The Gulf find could jack up profits for oil rig equipment manufacturers.
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Crude oil may rise for a sixth week, after reaching a record $55 a barrel in New York, on concern supply cuts from Norway, Nigeria or Iraq may deter refiners from building winter fuel inventories, a Bloomberg survey shows.