Comments on: Energy Watch, February, 2008 http://blog.onwardoregon.org/energy-watch-february-2008/ Here are snippets from the three most-recent postings. Click an article title below to read more. Thu, 14 Feb 2008 00:19:20 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Lloyd Gordon http://blog.onwardoregon.org/energy-watch-february-2008/comment-page-1/#comment-55933 Lloyd Gordon Sun, 10 Feb 2008 17:21:30 +0000 http://blog.onwardoregon.org/energy-watch-february-2008/#comment-55933 Exxon's profits can only grow. Production from existing fields cost perhaps 2 to 3 percent more, while the price increased by 57 percent. There are predictions that gas could hit $4 a gallon this spring. It's the cost of locating new fields to replace the exhaustion of older fields where the cost factor hits the oil companies. As it becomes increasingly more difficult to find new oil, the price per gallon for simple exploration increases exponentially. Exxon’s profits can only grow. Production from existing fields cost perhaps 2 to 3 percent more, while the price increased by 57 percent. There are predictions that gas could hit $4 a gallon this spring.

It’s the cost of locating new fields to replace the exhaustion of older fields where the cost factor hits the oil companies. As it becomes increasingly more difficult to find new oil, the price per gallon for simple exploration increases exponentially.

]]> By: J.D. Adams http://blog.onwardoregon.org/energy-watch-february-2008/comment-page-1/#comment-55875 J.D. Adams Thu, 07 Feb 2008 03:08:40 +0000 http://blog.onwardoregon.org/energy-watch-february-2008/#comment-55875 And yet, Exxon's profits reached an all time high last year, a glaring indictment of the oil industry. And yet, Exxon’s profits reached an all time high last year, a glaring indictment of the oil industry.

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