posts tagged as oil reserves

Canadian Crude Oil Sells at Record Discounts

Canadian crude oil is selling below U.S. West Texas Intermediate crude oil by a record $52.50 per barrel based on records that go...

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BP Predicts Global Oil Demand Will Peak in 2042

BP predicts that global oil demand will peak in 2042 due to the penetration of electric vehicles, the slowing economic growth in...

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U.S. Oil Reserves Reach Former Highs; Natural Gas Reserves Fall Slightly

The Energy Information Administration recently reported that U.S. crude oil proved reserves[1] rose for the fourth consecutive year in 2012, increasing by...

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IER's Mary Hutzler Testifies before Congress

Distinguished Senior Fellow at IER Mary Hutzler testifies before the House Energy & Commerce committee and reveals new data from the study...

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USGS Reserve Estimates Still Grossly Undervalue Total Resource Worth

The U.S. Geological Survey (USGS) recently released new estimates showing that 32 billion barrels of oil and 291 trillion cubic feet of...

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Exposing the 2 percent oil reserves myth

“The United States holds only 2% of the planet’s proven oil reserves,” President Barack Obama[i] According to President Obama, the United States...

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