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June 2, 2010

Despite Offshore Oil Drilling Moratorium Due To BP Oil Spill, Permits Being Issued

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It wasn’t too long ago that Interior Secretary Ken Salazar said that an extended moratorium of 6 months on deep water drilling was needed while the Feds reviewed and investigated.  So, it’s not surprising that folks are up in arms that the agency issued a new offshore oil drilling permit to Bandon Oil & Gas [...]

Filed under Uncategorized by admin on Jun 2nd, 2010. Comment. #

April 22, 2010

Geothermal Industry Faces Same Challenges As Oil Industry

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Igor Kocis, CEO of Geothermal Anywhere in Slovakia, discusses the emerging UltraDrill technology in order to drill to greater depths, where the energy and heat is greater which is needed for electricity generation.  In Slovakia, the technology isn’t yet there to extract geothermal energy in mass quantities for electricity generation.  It’s the billion dollar question [...]

Tags: geothermal energy, oil drilling, oil extraction.

Filed under Uncategorized by admin on Apr 22nd, 2010. Comment. #

April 6, 2010

Crude Oil Price Breaks To New 52 Week High.. $100 Barrel Next?

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The price of crude broke out to a new 52 week high last week and looks poised to test $100 in the coming weeks.  The 82 – 84 level had been a tough level of resistance for several months, but this firm breakout means that this level of previous resistance now acts as support and [...]

Filed under Uncategorized by admin on Apr 6th, 2010. Comment. #


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