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Topaz Resources Start Multi Well Drilling on Shallow Oil Project, Ecopetrol Initial In Meta Province

Topaz Resources Inc announced that it has commenced the first phase of its multi well drilling program on its North Texas shallow oil project, which comprises 543.69 acres with a history of proved producing oil wells, located in Wichita County. Topaz expects to drill and complete these three wells during December and January. Ecopetrol S.A [...]

Saturday, December 4th, 2010

Tags: akacias-1 exploratory, colombia oil company, crude oil project, ecopetrol sa, independent oil company, meta province oil, oil well drilling, talisman cpo 9, topaz resources Gas, Oil

Oil Price Prediction 2011 in barrel after high in 2009 and 2010

Oil prices predicted $100 per barrel in 2011 by analisyst after oil prices hits two year high, raising fears of a return to $100 per barrel crude and consumer goods inflation. Then how analyst predicted oil prices in 2012? Brent crude oil, traded in London, hit $88.80 before falling back to $88, which is slightly [...]

Saturday, December 4th, 2010

Tags: gas price prediction, oil prediction 2012, oil price 2009, oil price per barrel, oil prices 2011, prediction price of oil Crude Oil, Oil

Crude Oil Price History Analysis

Crude oil prices history ranged between $2.50 and $3.00 from 1948 through the end of the 1960s. The price oil rose from $2.50 in 1948 to about $3.00 in 1957. When viewed in 2008 dollars an entirely different story emerges with crude oil prices fluctuating between $17 and $19 during most of the period. The [...]

Saturday, October 2nd, 2010