Oil Trends Blog

U.S. natural gas production grew by 9% between the first 7 months of 2007 and the first 7 months in 2008. To put this growth in perspective, U.S. natural gas production was essentially flat for 9 years from 1998 through 2006, before rising by 4% in 2007. Thus, the growth in 2008 so far appears [...]

There has been much discussion lately regarding the need to increase off-shore drilling. In an earlier blog, The Great Oil Shortage Myth, we discussed the fact that there is no short term oil shortage that allegedly accounted for the rapid price increases this year. However, there will come a time when we will see a [...]