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Mexico Needs Calderón’s Proposed Fiscal Reforms
Mexidata.info - San Diego,CA,USA
(Mexico’s oil fields, particularly the once gargantuan but rapidly dwindling Cantarell Field, supply the federal government with about 40 percent of its …

How do I figure this is good news? Simply because I recall about a year ago all sorts of analysts were calling for $100 barrel by the end of the year. Thats why.

right here,

WORLD oil prices breached $US76 again in
London and hit 73 dollars in New York overnight, approaching record
highs as more kidnappings in Nigeria added to global supply concerns.

Brent North Sea crude for August delivery touched
$US76.34 per barrel, a level last reached on August 10, 2006. The
contract is about $US2 from the record $US78.65 hit the same month.

This hardly comes as a surprise. I’m guessing that this has something to do with the recent declines in Cantarell production.

True to the lackluster journalistic nature of this blog, we can’t be bothered to sign up for a WSJ account. If anyone ever reads this blog post, could you take a peek at what they have in their article and maybe post a summary in the comments. Thanks!

Once again let’s score one up for good news!

The Problem’s Not Peak Oil, It’s Politics

“The oil is in the ground, but serious doubts are being raised about
whether countries have the desire and means to produce it,” says Leo
Drollas, deputy director of the Center for Global Energy Studies, a
London think tank.

Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths in Iraq

This isn’t really good news in terms of the deaths in Iraq, it seems to be good news in that there is another big oil giant
comparable to Ghawar

Once known as Baba Gurgur, Kurdish for “father of fire,” Kirkuk is a coveted prize in the oil wars. It holds reserves second only to the Ghawar field in Saudi Arabia, according to the U.S. Department of Energy.

That there is no mention of decline on this one, lets file it under good news!