TheOilDrum.com - PRWeb Press Release Account Feed http://www.rsspad.com/rss2a/283903.xml TheOilDrum.com - Press Releases en xml@emediawire.com xml@emediawire.com 30 Oil Price Closed Above $100 a Barrel; World Leaders Ignore this Signal of Impending Shortages, According to TheOilDrum.com http://www.prweb.com/releases/peak/oil/prweb711394.htm The price for West Texas Intermediate (WTI) oil closed above $100 for the first time on February 19, 2008. "Rising oil prices have been giving a clear signal of pending shortages for over five years now," according to TheOilDrum.com. By ignoring this signal, world leaders are steering the world toward an energy disaster characterized by shortages, high energy prices, inflation, civil unrest and famine. (PRWeb Feb 20, 2008)

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]]> http://www.prweb.com/releases/peak/oil/prweb711394.htm President Bush Questions Saudi Ability to Raise Oil Supply, According to TheOilDrum.com http://www.prweb.com/releases/peak/oil/prweb635891.htm In an ABC Nightline interview, President Bush recently said of Saudi Arabia, "If they don't have a lot of additional oil to put on the market, it is hard to ask somebody to do something they may not be able to do." According to TheOilDrum.com, this statement seems to indicate that George W. Bush, like many others, is skeptical of Saudi oil production claims. Forecasts of future world oil production by official organization like the IEA and the EIA assume OPEC can increase production by any desired amount; if OPEC's capability is limited, official production forecasts are optimistic because they are based on false assumptions. (PRWeb Jan 18, 2008)

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]]> http://www.prweb.com/releases/peak/oil/prweb635891.htm Oil Price Touches $100 a Barrel; Signal of Pending Oil Shortages Ignored, According to TheOilDrum.com http://www.prweb.com/releases/2008/01/prweb598922.htm The price for West Texas Intermediate (WTI) oil touched $100 on January 2, 2008, a new milestone. According to TheOilDrum.com, WTI oil price has been giving a very clear signal of pending shortage for over five years now, and in breaching the symbolic $100 a barrel mark, continues to do so. Those driving the world economy have steadfastly ignored this red warning light. In doing so, they are steering the world toward an energy disaster characterized by shortages, high energy prices, inflation, growing inequity, civil unrest and famine. (PRWeb Jan 4, 2008)

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]]> http://www.prweb.com/releases/2008/01/prweb598922.htm TheOilDrum.com Responds to Wall Street Journal Peak Oil Article http://www.prweb.com/releases/100/barrel/prweb571112.htm On November 19, the Wall Street Journal published an article titled "Oil Officials See Limit Looming on Production." In our view, the WSJ article omits several key points regarding future oil production, including the fact that world oil production has stagnated in the last two years, despite rising prices. Our response to the WSJ article can be found here: http://www.theoildrum.com/node/3265#more[WSJ Article Response]. (PRWeb Nov 21, 2007)

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