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Former Saudi Aramco executive says oil reserves claims wrong

All sorts of people have been weighing in on the price-of-oil situation lately. Could the current price be a bubble waiting to burst or is it reflective of flat production levels mixed with the rising demand from India and China? If former Saudi Aramco executive, Sadad Al-Husseini, is right, $130 oil might be a bargain-basement price in the near future. It's his contention that the "proven" reserves that are claimed to exist by oil-producing countries are substantially inflated with "probable" reserves being added to the former figure, as well ... Read more →

ExxonMobil $pending ten$ of billion$ to locate more oil Jeremy Korzeniewski

While the amount of energy the world demands every year is tremendous, the cost of finding and purchasing that energy is just as staggering. According to this article, ExxonMobil plans to spend ...

Former Saudi Aramco executive says oil reserves claims wrong 1 year ago on Autoblog Green

ExxonMobil $pending ten$ of billion$ to locate more oil 1 year ago on Autoblog Green

While the amount of energy the world demands every year is tremendous, the cost of finding and purchasing that energy is just as staggering. According to this article, ExxonMobil plans to spend between $25 and $35 billion every year for the foreseeable future in search of more oil. Even as ...

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CAFE – Corporate Average Fuel Economy. A system used in the U.S. to define mileage requirements of new vehicles.

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