The Age Of Cheap Oil Is Over By Dan Steffens - Jan 13, 2015, ... In fact, the DOE reported a draw from storage of more than 3 million barrels for the week ended January 2, 2015.

2 days Surprise Crude Oil Inventory Build Ends 5-Week Draw Streak. ... Why the Age of Oil May Soon End Even Though It Has Only Just Begun By Al Fin - Nov 10, 2010, 11:56 AM CST.

What Really Caused The EIA Oil Draw? By Matt Smith - Mar 15, 2017, 12:40 PM CDT. Crude prices are rebounding today, bouncing off the trampoline of price support at $48 for WTI and $50 for Brent.

Of course the most obvious sign that the age of oil is not near at an end is the price. ... it is important to draw a distinction between natural gas reserves and natural gas infrastructure.

And, while Americans are paying the price at the pump, the big five oil companies are having banner years for profits. In 2011, these companies had a combined profit of over $137 billion. At the ...

Crude oil prices today moved slightly higher, after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 26.

A few defend the coal age. Many more defend the oil age. It's often implied that switching over to one of the newer ages is almost, like instant.

For the fourth age of oil, starting in the early 2010s, cheap money and technology advancements allowed previously uneconomic oil to be recovered. The US resurrected its oil industry in the form ...

Could the Age of Oil End by 2040? May 25, 2010 4:04 AM ET OIL-OLD, USO 14 Comments. Bob van der Valk. 97 Followers. Follow.

This compared with a crude oil inventory draw of 3 million barrels estimated by the EIA for the previous week and analyst expectations for a draw of 2.83 million barrels.

While the point of “peak oil” may or may not have been reached, what Michael Klare, a professor at Hampshire College, has dubbed the Age of Tough Oil has clearly begun.