Oil Drilling Technologies The nature of Oil drilling technology varies depending on the topographic situation of the drilled place. With time, several technologies have been applied and are all geared towards achieving the best product at the limited time possible. Most of the technologies are now over a century old and are applied differently. Currently, the technologies have developed to integrate superior orientations like computer-aided simulation. In fact, the technologies have

Oil Market & U.S. Economy In June 2008, when the price of oil had crossed $120 per barrel, the predictions for the impacts on the U.S. economy were dire. Whereas just months previous, prices were expected to top out at $100 before returning to a more reasonable equilibrium point (Schoen, 2007), now the potential of $200 barrel oil came to pass, bringing with it economic catastrophe (Biderman, 2008). The short version

In only six of the 16 months studied did petroleum prices move in the same direction as troop casualties, a month after those casualties occurred (See Table 1 and Graph 1). When we consider the three months with the largest increases (145.2% in April 2006; 60% in December 2006; and 51.2% in August 2006), only once (May 2006) did the following month post increased refined petroleum prices. If we

Tax Law Oil and Gas is currently at the core of Russia's economy, even though there has been talk at the head of the Russian federation of intentions to attempt to move the economy from one which is based solely in these natural resources, to one which is based on rapidly evolving technology. Of course it will be at least a decade before movements and developments in this fashion are

This invariably means reducing the profit margin for the producers, which economists feel has long-term implications. That is the lack of smooth inflationary shock transmission leads not only to reduction in production output but also contributes to reduction in future investments. Thus, inflationary shocks due to oil price hikes are more long lasting in China. [Tang et.al, 2009] Sub-Saharan Countries The impact of Oil price explosion is nowhere as pronounced as

price of oil has fallen from around $120 per barrel about a year and half ago to around $50 per barrel. This has resulted in a sharp fall in revenues for all oil companies and specially the smaller companies that have a limited cash or revenue reserve. IN this condition this paper studies the possible strategies that can adopted by smaller oil companies to tide over the situation. For this