Tag Archives: oil imports

Oil Price Slide – No Good Way Out

Posted on November 5, 2014 by Gail Tverberg

The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing, regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or … Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , , , , | 942 Comments

The Myth that the US will Soon Become an Oil Exporter

Posted on April 16, 2012 by Gail Tverberg

Countries trade crude oil and oil products back and forth. When all of these transactions are netted out, is the US close to becoming a “net” oil exporter? With the recent increase in oil production (perhaps even exceeding that of … Continue reading →

Posted in News Related Post, Oil and Its Future | Tagged , , , , , , | 50 Comments