Oil Futures

Some experts believe the age of oil is near its end. Others insist that there are trillions of untapped barrels left -- and that the future of oil depends more on what happens above ground than below.

By Drake Bennett
February 26, 2006

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ACCORDING TO ''The Prize," Daniel Yergin's Pulitzer Prize-winning 1991 history of the oil industry, the dawning of the automotive age was a time of deep pessimism about America's oil supply. World War I had just ended and few new fields had been discovered. Crude was in such short supply that some refineries were running at half capacity. ''Leading geologists," wrote ... (Full article: 1725 words)

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