banner with navigation image map
Facebook link    Facebook
Follow GResourcesNews on Twitter
Visit our Hurricane and Extreme Weather Channel Pages

Oil Report Lowers Price of Nymex Contracts

Crude oil's recent price below $97 a barrel continued Wednesday as the Energy Department announced increased inventories for the week ending May 4.

The bellwether energy price had opened the week below $97 after weeks after weeks of lingering above the $100 level. disappointing US jobs report and Greece and France elected candidates who campaigned against austerity measures.

But the DOE report that crude oil stocks had climbed 3.7 million barrels to 379.5 million continued to put downward price.

Stock markets were generally off around the globe as the weekend drew to an end, indicating investor apprehension about economic growth.

Meanwhile, gasoline prices continue to ease from their 2012 highs, with AAA reporting an average price of $3.75 for a gallon of regular.

Oil - Stories, Links and Resources

News from our recommended reading list
about Oil

The Dealmaker Who Helped a U.S. Hedge Fund Score Congo Oil Prize
Boomberg Business - 2015-05-08

Russian Oil Exports Dropped as Buyers Diversified Sources
Forbes - 2015-04-07

Flawed Steel Still in Wide Use in Oil Pipelines
InsideClimate News - 2015-04-06

Oil leaps 5 percent on tempered Iran view, slowing U.S. inventory rise
Reuters - 2015-04-06

Galveston Bay Spill Will Take Economic, Ecological Toll
The Texas Tribune - 2014-03-24

Exxon says it's completed soil cleanup from Arkansas pipeline spill
Dallas Business Journal - 2014-03-17

Crimea Claims Ownership to Ukrainian Black Sea Oil and Gas - Sofia News Agency - 2014-03-17

Iraq returns as world's fastest-growing oil exporter
Reuters - 2014-03-05

Global Resources News stories

Fossil Fuels: Warming vs Jobs

Badra Oil Field in Iraq Opens Production

Labor Day, 2014, Gasoline Cheapest in Years

Algeria Re-Elects President to Fourth Term. Energy Sector Growing.

Libyan Rebels in Control of US Embassy Site in Tripoli

US: There is Evidence of Russia Firing Into Ukraine

Oil Assets Change Hands in MENA Conflicts

Fragile States Index Tracks A Decade
Of Resource, Political Conflict

Iraqi Refinery Attacked By Militants

Ukrainian Energy at Crossroads

Ukraine Energy Future Remixed Due to Crisis

Smog Spreads in Southeast Asia

US Plans Arms for Syrian Rebels

Pipeline Spills Becoming More Costly

Fossil Fuel Subsidies Targeted in Budget

Pegasus Pipeline Spill in Arkansas

Kenyan Vote Held Valid

KXL Pipeline Comments Due in April

Iraq Charts Oil Future Amidst Challenges

Pipelines Protested by Native Americans

Kenyan Elections Test Country's Future

Algerian Gas Plant Raid Has Deadly Impact

Offshore Problems Beset Shell in North

April Oil Deficit at $11.4 Billion

Winter Fuel Spending to Rise: EIA

Offshore Drilling Safety After Macondo

Arctic Drilling Continues Despite Test Failure

Isaac Hits Gulf. Venezuelan Refinery Smolders

US Oil Suppliers Assessed

Canada Clears China's $15.1B Bid for Nexen Oil Firm

Pipeline Attack Reduces Iraq Oil Exports

Mineral-Rich States Among the Least Stable

OPEC Spare Capacity Drops, But Now Prices Fall

Marcellus Shale Impacts Pennsylvania Economy

Oil Ends Week Lower, Gasoline Dropping

Oil Report Lowers Price of Nymex Contracts

South Sudan Takes Sudanese Oil Town of Heglig

Tight Oil Adds Energy Security, Has Local Impact

Oil Ends Week, Starts December Above $100

Keystone XL Opposed as Decision Nears

Conference in DC Addresses Peak Oil

Oil Stays in $90 Range Despite Big Inventory

Libya's Gaddafi Killed in Rebellion

Oil Markets Watch Libyan End Game

New Geopolitics of Clean Energy Emerging

UN Forecasts Growth in Clean Energy Jobs

Gas Prices Keep Rising, Oil Nears $100

Libyan Revolt Grows, Oil Reserves High

Obama Seeks to Cut Oil, Gas, Coal Subsidies

Oil Slips Slightly As Mideast Talks Continue

Natural Gas Shortages Hit New Mexico, Arizona

Brent Crude Oil Still Above $100, US Gas $3.10

Bingaman: Energy Policy Must Be World-Class

Oil and Politics Mix Uneasily in Strife-Prone Middle East

Congressional Committees Look at Offshore Drilling Safety and Economics

Obama: End Oil Subsidies, Finance Alternatives

World Celebrates Peace, Goodwill to All Creation on Christmas 2010

Political Power Holds Within Corn States

Chu Calls for Research on New Energy Sources

Pennsylvania Gears Up for More Shale Gas

Ecology Ranks High in Online News Awards

Alaska National Oil Reserve Estimate Cut by 90%

Highlights From 2012 and 2011 Winter Fuel Outlooks

BP Report Looks at Deepwater Horizon Disaster

$1 Million Prize for the Best Ocean Oil Cleanup

Studies Look at Links Between Oil and Congress

Gulf Oil Spill Preoccupies World Oceans Day

Offshore Oil From Gulf Spill Washing Ashore

Experts: Green Jobs Growing, But Policy Must Keep Pace

E-Cars' Impact Assessed In Hundreds of Billions of Dollars

Obama to Open New Areas to Offshore Drilling

Solar-Powered Water Purifier Can Clean 6,500 Gallons a Day

Gasoline Prices

Gulf Oil Spill Cleanup

Expert Commentary on the Gulf Oil Spill

Map of Brega Oil Terminal

Detroit Bankruptcy

Bioswales Channel Rainwater to Sustain a Garden

Climate Change: Human versus Natural Causes

CIA Cover Story Gives Birth to Deep Ocean Mining

Stability, Freedom Status of Oil Suppliers

Table of the Freedom, Stability, Corruption & Peace Status of US Oil Suppliers

Maps of Shale Gas and Oil

Externalities and Hidden Costs of Economic Activity

DOE International Energy Outlook Sees Big Energy Use Increase by 2035

Unified, Long-Term Renewable Energy Policy Needed, says Sen. Murkowski

Oil Production in Middle East and North Africa (MENA)

Maps of Libya Oil Fields, Pipelines and Terminals

Condos, Co-ops Save Energy with Good Studies

New Clean Energy Geopolitics Emerging

UN Security Council Resolution 1973
Establishing No-Fly Zone over Libya
and Authorizing All Necessary Actions to Protect Civilians in that Conflict

Green Jobs Will Grow with Investment of 2% of Global GDP: UN Forecast

Marcellus Shale - Facts, Figures, Maps

Charts, Graphs and Images
Explaining Commodities

Good Jobs, Green Jobs Conference 2010

British Industry Group Examines Peak Oil

Renewable Energy Technology 2010 Conference

Social Media Activity of Global Resources News

Chevron Refinery Fire of Mon. Aug. 6, 2012 Channel

Saudi Arabia's Giant Ghawar Oil Field Channel

Food Trade Channel

Conflict over Oil Channel

Winter Fuel Channel

Food Waste: Causes, Ramifications, Solutions Channel

Pipeline Spills Becoming More Costly Channel

Syria Channel Channel

Commodity News Channel

Conservation News Channel

Keystone XL Channel Channel

Algeria Oil, Gas & Pipelines Channel

Fuel Shortages Channel

Libya, Conflict over Oil, Gas and Politics Channel

Permaculture Channel Channel

Arctic Drilling Channel

Celine Cousteau on the world's oceans.
Click for more videos.

John Hofmeister, ex-CEO of Shell Oil, forecasts $5/gallon gasoline by 2012 His Platts Energy Week interview is above. Here are his comments on the CNN Parker Spitzer Web site.

Links for the search term: Oil

Infographic of Food Waste, by type of food and phase of supply chain
This database shows how food types, such as grains, fruits & vegetables and oils, go to waste before reaching human consumers.

For instance, fruits & vegetables are most likely to go to waste (44% is lost), but most of the lost occurs after the foodstuff leaves the field. But much is lost during the growing phase, unlike fishing or oil and bean production, where very little is lost during growing, or grains where lesser amounts are lost during growing. The information comes from a 2011 United Nations study.

Syria's Energy Situation, by the US DOE

Cross-sector analysis of the impacts of climate change
Abstracts of presenters at the May 2013 International Conference on Climate Change Effects in Postsdam.

Risk of ecosystem shift under climate change, a multi-model analysis, Lila Warszawski, Germany
Assessing simulations of climate change impacts on terrestrial ecosystems, Tim Rademacher, UK
Statistical evaluation of uncertainties in future projection of global soil carbon dynamics relevant to sensitivities of global temperature and precipitation changes, Kazuya Nishina, Japan
Impact of future sea-level rise on global risk of coastal floods, Jochen Hinkel, Germany
Multi-model assessment of water scarcity under climate change, Jacob Schewe, Germany
Climate change and malaria: intercomparison of global malaria models, Sari Kovats, UK
Assessing agricultural risks of climate change in the 21st century in a global gridded crop model intercomparison, Cynthia Rosenzweig, USA
Crop responses to elevated CO2 concentration: How certain are we?, Delphine Deryng, UK
Comparing projections of future changes in runoff and water resources from hydrological and ecosystem models in ISI-MIP, Pete Falloon, UK
A global multi-model perspective on the potential and limitations of irrigation for climate change adaptation, Joshua Elliott, USA
Leaving the world as we know it: Hotspots of global climate change impacts, Franziska Piontek, Germany
Impact cascades of climate change, Katja Frieler, Germany

The conversion factors cover calculation between weight, volume and calorific measures. They provide data for crude oil, products, natural gas, LNG, electricity and solid fuels
1 billion cubic feet of LNG = 0.021 million metric tons

myspace hit counters