Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.
Africa is becoming the top choice for North American oil companies looking to diversify, and the East African Rift is the hottest of the hot. Here, Alberta Oil Sands discusses how to get in elephant-sized plays in the East African Rift among other topics.
Today we find the world's central banks mystified as to why trillions and trillions of freshly-printed fiat units, be they dollars or euros or yen, are not resuscitating the world economic system. The answer might just be grounded in the observation that we are out of cheap and easy oil.
Energy expert Dr. Michael J. Economides spoke at the New York 2006 Hard Assets Conference last month on what might be the most important economic consideration for the next 10 years. Herein is the full presentation.