Tagged with Oil

“Earlier this week, Linc Energy released two reports estimating the amount of oil in the Arckaringa Basin near Coober Pedy in South Australia. Independent reports from Gustavson Associates and DeGolyer and MacNaughton put the untapped basin, located in South Australia at between 233 billion and 103 billion barrels of oil equivalent respectively.”   This is […]

The United States will overtake Saudi Arabia as the world’s leading oil producer by about 2017 and will become a net oil exporter by 2030, the International Energy Agency (IEA) recently predicted. According to the IEA, increased oil production, combined with new American policies to improve energy efficiency, means that the United States will become […]