Another Day, Another Oil Field in Decline

Despite what you might have heard from the Beatles, it's not 'getting better all the time.' In fact, in the oil world, it's only getting worse.

As we quickly advance towards the end of cheap oil the world is faced with many increasingly complex issues.

Conflicts in Iran, Iraq, Nigeria and Venezuela, booming economies is China and India, as well as globalization and hurricanes have all taken their toll on the global oil market.

Now a new monster has come from under the bed: super-fast oil depletion.

( Full story here )