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US boom transforming global oil trade

NEW YORK - The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market.The threat of chronic oil shortages is all but gone, U.S. dependence...

http://chronicle.augusta.com/news/business/2013-05-14/us-boom-transforming-globa
Oil prices fall as fears are eased

...companies to idle between 500,000 and 750,000 barrels per day of production, or less than 1 percent of global daily oil consumption. That's roughly half of what Italy's Eni, Libya's largest oil producer, estimated earlier Thursday.IEA...

http://chronicle.augusta.com/news/business/2011-02-24/oil-prices-fall-fears-are-
Business
Gas demand still high as oil climbs

...with the crisis in Japan. The earthquake and tsunami hammered the world's third-largest economy, and Japan's oil consumption was expected to shrink while it picks up the pieces. That lasted for only a week, however, and oil prices rose...

http://chronicle.augusta.com/news/business/2011-03-23/gas-demand-still-high-oil-
Business
Oil rises as OPEC maintains output

...oil -- about 29.7 million barrels per day -- it has the unique ability to crank up production as needed.Global oil consumption is expected to increase by 2 percent this year to an average of 88.4 million barrels per day.The oil market has...

http://chronicle.augusta.com/news/business/2011-06-08/oil-rises-opec-maintains-o
Oil jumps to 9-month high above $105 in Europe as Iran cuts supply to Britain, France

...announcement will likely have minimal impact on supplies, analysts said, because only about 3 percent of France's oil consumption is from Iranian sources. Britain had not imported oil from Iran in six months."The price rise is more a reflection...

http://chronicle.augusta.com/news/2012-02-21/oil-jumps-9-month-high-above-105-eu
Gasoline hits average $3.80 a gallon on supply dip in April

...production has increased to an eight-year high under his watch. He also stressed that America must find ways to reduce oil consumption."With only 2 percent of the world's oil reserves, we can't just drill our way to lower gas prices," Obama...

http://chronicle.augusta.com/news/business/2012-03-12/gasoline-hits-average-380-
How to defeat U.S.-hating OPEC

...slowdown triggered by the credit squeeze and collapse of equities. When slowed economic activity resulted in reduced oil consumption, OPEC unexpectedly found it had overproduced. Now the cartel plans to boost prices again by cutting back on production...

http://chronicle.augusta.com/stories/2008/10/24/edi_480632.shtml
Editorials
GM speeds up work on plug-in battery car

...Automotive systems, Mr. Wagoner said. "Given the huge potential that the Volt and its E-flex system offers to lower oil consumption, lower oil imports and reduce carbon gas emissions, this is for sure a top priority program for GM," said Mr...

http://chronicle.augusta.com/stories/2007/06/06/bus_131163.shtml
Business
With oil prices rising, Asia is turning to plants for fuel

...Most experts also believe that, using current technologies, there isn't enough land to make a serious dent in oil consumption. Some scientists say production will consume more conventional energy than it will save, and environmentalists came...

http://chronicle.augusta.com/stories/2006/05/01/bus_79208.shtml
Business
Fish oil doesn't seem to reduce cancer risk

...prostate. The 38 studies are too heterogeneous - involving different population groups and different levels of fish oil consumption - to provide a definitive conclusion about whether fish oil reduces cancer risks, said Julie Buring, a chronic disease...

http://chronicle.augusta.com/stories/2006/01/31/liv_50793.shtml
Life & style