tight gas n.— «Shell has agreed to pay almost C$6bn ( £3bn) for a small Canadian gas company heavily involved in the production of difficult-to- exploit gas reserves. The price for Calgary-based Duvernay Oil, founded just seven years ago...
worm n.— «“Everyone thinks they’re going to go to college, but we’re all back in the oil fields doing what our dads did,” says one rookie, called a “worm” in roughneck parlance. “I was going to do big things and...
London loop n.— Note: ICE is a futures exchange. «The proposals are intended to stop traders from evading position limits in the US by trading on ICE—a method known as the “London loop.”» —“Oil traders fear for London’s...
podbusting n.— «The stars of the CMT network’s top series “Trick My Truck” appear in a series of spots featuring tips on how to maintain your tricked-out truck, including the timely use of oil from Exxon. At its upfront, MTV will be...
tundra daisy n.— «Like many residents of the North, I’ve found that the easiest and cheapest of all materials to recycle are 55-gallon drums, five-gallon (Blazo) gas cans and Blazo shipping crates. These versatile objects have been put to...
peaknik n.— «Many of the new, nontraditional preparedness converts are “Peakniks,” Mr. Rawles said, referring to adherents of the “Peak Oil” theory. This concept holds that the world will soon, or has already, reached a peak in oil...