Are we running out of oil? While a case can easily be made in the affirmative when there's a shortage of oil in the market, a wide variety of political, economic, and geological factors prove there may be enough left to go around. http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorThu, 28 Aug 2008 7:59:25 CDThttp://www.newser.com/story/35420/why-you-should-stop-worrying-about-oil-shortages.html?refid=rss_all_defaultEnergy security has become a matter of major public hand-wringing, but everyone ought to calm down, write Eugene Gholz and Daryl G. Press in the New York Times . Our oil supplies are perfectly safe—the US, its businesses, and its allies have more than enough oil to weather any short-term disruption in supplies. No matter the trouble in Iran, Venezuela or Nigeria, America will be fine.http://www.newser.com/story/35420/why-you-should-stop-worrying-about-oil-shortages.html?refid=rss_all_defaultThu, 21 Aug 2008 6:39:20 CDThttp://www.newser.com/story/35214/supplies-drop-as-big-oils-power-shrivels.html?refid=rss_all_defaultA rapidly changing world order has left the giant oil companies all monied up with nowhere to drill, the New York Times reports. The Western oil giants' share of production has plummeted from over half in the 1970s to just 13% today. Production is falling as oil supplies remain in the hands of foreign state-owned firms which lack expertise.http://www.newser.com/story/35214/supplies-drop-as-big-oils-power-shrivels.html?refid=rss_all_defaultMon, 18 Aug 2008 23:49:52 CDThttp://www.newser.com/story/34700/us-ship-joins-race-for-arctic-resources.html?refid=rss_all_defaultA Coast Guard cutter will this week begin mapping Alaska’s continental shelf, Reuters reports, in a first step toward mining data that could be used to establish rights to oil exploration in the Arctic. Melting ice caps, which one scientist calls "bad for the Arctic, but very very good for mapping," are believed to hold the next big energy bonanza.http://www.newser.com/story/34700/us-ship-joins-race-for-arctic-resources.html?refid=rss_all_defaultTue, 12 Aug 2008 8:40:52 CDThttp://www.newser.com/story/33231/pickens-drills-into-mccain-campaign.html?refid=rss_all_defaultThe reinvention of oil billionaire T. Boone Pickens as an environmentalist represents a huge political about-face, writes Timothy Egan in the New York Times . Four years ago, Pickens bankrolled the Swift Boat campaign that derailed John Kerry's presidential bid. Now Pickens, "looking a bit like the John Huston character from Chinatown ," is attacking the efficacy of new drilling just when John McCain is pressing for it.http://www.newser.com/story/33231/pickens-drills-into-mccain-campaign.html?refid=rss_all_defaultThu, 24 Jul 2008 7:23:00 CDThttp://www.newser.com/story/33228/arctic-holds-3-years-of-oil.html?refid=rss_all_defaultEnough oil is believed to lie under the rapidly thawing Arctic to last the world 3 years, Reuters reports. The USGS released a forecast yesterday estimating the region has 90 billion recoverable barrels of oil and vast natural gas reserves. The agency's director said the information was vital in order to weigh the potential destruction caused by drilling versus the benefits.http://www.newser.com/story/33228/arctic-holds-3-years-of-oil.html?refid=rss_all_defaultThu, 24 Jul 2008 2:52:48 CDThttp://www.newser.com/story/33108/corn-hungry-texas-calls-for-cuts-in-biofuel-mandates.html?refid=rss_all_defaultThe EPA is considering a proposal from the governor of Texas to slash the amount of ethanol that oil companies are required to blend into gasoline to meet quotas, the New York Times reports. Gov. Rick Perry is calling for the EPA to cut the ethanol mandate in half, from 9 billion to 4.5 billion gallons, arguing that billions of bushels of corn should be used to feed livestock instead.http://www.newser.com/story/33108/corn-hungry-texas-calls-for-cuts-in-biofuel-mandates.html?refid=rss_all_defaultTue, 22 Jul 2008 22:39:30 CDThttp://www.newser.com/story/32882/bush-is-botching-411-just-like-he-did-911.html?refid=rss_all_defaultIf a "crisis is a terrible thing to waste," then George Bush's reactions to 9/11 and the $4.11 average gas cost make him a doubly terrible leader, writes Tom Friedman in the New York Times . Instead of using rising gas costs to spur the nation to energy independence, "Our Decider decided to lift the executive orders banning (offshore) drilling—even though he knew this was a meaningless gesture," because of a Congressional moratorium.http://www.newser.com/story/32882/bush-is-botching-411-just-like-he-did-911.html?refid=rss_all_defaultSun, 20 Jul 2008 8:55:29 CDThttp://www.newser.com/story/30639/saudis-may-boost-oil-supply-even-higher.html?refid=rss_all_defaultA hastily organized summit meeting in Saudi Arabia today offered little relief to oil consumers, Bloomberg reports. The Saudis did vow to increase production if needed, but OPEC blamed speculators and the credit crisis, not markets, for surging oil prices. "Saudi Arabia is prepared and willing to produce additional barrels of crude above and beyond the 9.7 million barrels per day," a Saudi minister said.http://www.newser.com/story/30639/saudis-may-boost-oil-supply-even-higher.html?refid=rss_all_defaultSun, 22 Jun 2008 12:16:47 CDThttp://www.newser.com/story/30497/mccain-pander-on-drilling-disappoints.html?refid=rss_all_defaultIt's nothing new for the Bush administration to blame environmentalists for energy shortages, writes Paul Krugman in the New York Times . As early as 2001, Dick Cheney blamed green laws rather than rapacious energy companies for the California electricity shortage. But it's disappointing that John McCain has joined the bandwagon—especially as he, unlike Barack Obama, voted against Bush's "really terrible, special-interest-driven" 2005 energy bill.http://www.newser.com/story/30497/mccain-pander-on-drilling-disappoints.html?refid=rss_all_defaultFri, 20 Jun 2008 7:12:36 CDT