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Topic: Oil price increases of 2005

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	Oil Price Increases of 2004 and 2005 Encyclopedia Articles @ 216.92.85.60 () (Site not responding. Last check: 2007-11-02)
		Despite this there is increasing discussion of peak oil and the possibility that the future may see a reduced supply of oil.
		Even if oil supplies themselves are not reduced, some experts feel the easily accessible sources of light sweet crude are almost exhausted and in the future the world will depend on more expensive sources of heavy oil and alternatives.
		Despite the rapid increase in the price of oil, neither the stock markets nor the growth of the global economy have been noticeably affected.
	216.92.85.60 /encyclopedia/Oil_price_increases_of_2004_and_2005 (2606 words)

	Encyclopedia :: encyclopedia : Oil price increases of 2004 and 2005 (Site not responding. Last check: 2007-11-02)
		The price of light, sweet crude oil on NYMEX was under $25/barrel in September 2003.
		The short term price of oil is partially controlled by the OPEC cartel and the oligopoly of major oil companies.
		Some see these increases in the price of oil leading to a recession comparable to those that followed the 1973 and 1979 energy crises or a potentially worse situation such as a global oil crash.
	www.hallencyclopedia.com /Oil_price_increases_of_2004_and_2005 (2603 words)

	NationMaster - Encyclopedia: Petroleum
		Petroleum (from Greek petra – rock and elaion – oil or Latin oleum – oil) or crude oil is a thick, dark brown or greenish liquid.
		Petroleum (burning water) was known in Japan in the 7th century, whilst in Europe the gas springs of the north of Italy led to the adoption in 1226 by the municipality of Salsomaggiore of a salamander surrounded by flames as its emblem.
		As early as 1804, Humboldt expressed the opinion that petroleum was producen by distillation from deep-seated strata, and Karl Reichenbach in 1834, suggested that it was derived from the action of heat on the turpentine of pine-trees, whilst Brunet, in 1838, adumbrated a similar theory of origin on the ground of certain laboratory experiments.
	www.nationmaster.com /encyclopedia/Petroleum (844 words)

	Oil price increases of 2004 and 2005 - Voyager, the free encyclopedia (Site not responding. Last check: 2007-11-02)
		[2] While oil prices are considerably higher than a year ago, they are still roughly 25$ from exceeding the inflation-adjusted "peak of the 1980 shock, when prices were over $90 a barrel in today’s prices" [3].
		A more fundamental problem that some believe is causing the price to raise is the probability of peak oil already or soon to be reached.
		While total consumption has increased [21], the western economies are less reliant on oil than they were twenty-five years ago, due to substantial growths in productivity.
	www.voyager.in /Oil_price_increases_of_2004_and_2005 (2535 words)

	The Ultimate Petroleum Dog Breeds Information Guide and Reference
		Oil extraction is costly and sometimes environmentally damaging, although Dr. John Hunt from Woods Hole pointed out in a 1981 paper that over 70% of the reserves in the world are associated with visible macroseepages, and many oil fields are found due to natural leaks.
		The oil is landed at Sullom Voe terminal in the Shetlands.
		Oil production from Europe, Africa and Middle Eastern oil flowing West tends to be priced off the price of this oil, which forms a benchmark.
	www.dogluvers.com /dog_breeds/Petroleum (2251 words)

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