Tag Archives: Oil Production

OPEC slashes production; crude continues to tumble

OPEC slashes production; crude continues to tumble VIENNA, Austria (AP) - OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the “dramatic collapse” of oil prices, but crude prices plunged … Continue reading

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Ever heard of the Bakken Oil Formation?

Ever heard of the Bakken Oil Formation? I did a search on Bakken starting with Wikipedia and apparently the info below is true. How it has remained silent during this period of oil costing up to $150 a barrel is … Continue reading

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Ike destroys a number of Gulf platforms

Ike destroys a number of Gulf platforms HOUSTON (AP) - Hurricane Ike appears to have destroyed a number of production platforms and damaged some of the pipelines in the Gulf of Mexico, federal officials said Sunday. Fly-overs revealed that at … Continue reading

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