That excitement is likely to last as long as oil prices remain above $30 a barrel, a bottom-line benchmark once cited by leaseholder Royal Dutch Shell. With commercial production at least a decade away, the company has since backed away from that number even as a barrel of oil remains near $100.
September 30th, 2008:
Economies of shale
OPEC: Good is Bad – Bad is Good
The first famous cartel in the oil industry - the Seven Sisters - came in the 1920s and lasted until the early 1970s. This famous cartel dissolved only to be replaced by another.
Oil’s Plunge Is Biggest In Dollars Since 1991
Crude-oil futures plummeted more than $10 a barrel Monday after the House voted down a plan to rescue financial markets, magnifying doubts about demand growth.
Ministers meet locals on Corrib project
TWO GOVERNMENT Ministers have described as "very constructive" a series of discussions on the controversial Corrib gas project held with politicians and community groups in Ballina, Co Mayo.