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Energy Information Administration

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Analysis
/ 27 January 2008

Oil peak: A crude ruse?

‘We’re running out of oil!” We’ve been hearing this warning at least since the 1970s oil shocks, but recently it has been proclaimed with increasing insistence. The idea goes back to 1956, when Shell geologist M King Hubbert declared that the world had enough oil for only about 50 more years, writes Carmelo Ruiz-Marrero.

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Article
/ 29 November 2007

Oil jumps more than $1 on US pipeline fire

Oil prices rebounded by over a barrel on Thursday, after an explosion and fire at an oil terminal in Minnesota shut down most of the main pipeline that delivers Canadian crude to United States Midwest refineries. US crude rose by ,11 to ,73 a barrel by 4.35am GMT, recouping some of the previous session’s loss of ,80, or 4%.

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Article
/ 7 November 2007

Oil crosses $98 a barrel

Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the Petroleum Exporting Countries’s apparent reluctance to pump more crude into the market also boosted prices.

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Article
/ 20 September 2007

Oil prices stay above $82 a barrel

Oil prices kept rising on Thursday after reaching record highs in the previous session on United States refinery outages and declines in US oil inventories. A decline earlier in the day was reversed in part by worries over a potential tropical-storm threat to oil and gas installations in the Gulf of Mexico, analysts said.

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