“Global Demand for Oil to Plummet,” screams a recent Financial Times headline.   Huh?  No it won’t.  Who are they trying to kid?

Global oil demand is not going to “plummet.”  And for the FT to say so is just plain silly, if not irresponsible.  OK, I know.  There’s an old saying that they teach in journalism schools.  “You have to sell newspapers.”  But this declaration by the FT highlights the perils of letting a headline-writer do your thinking for you.  It’s what I call “arguing a screaming conclusion.”  And a wrong conclusion at that.

Oil Demand – Down, Then Up

But let’s move past the headlines.  The Financial Times article explains that the World Bank has just issued a new study.  The World Bank believes that the world is entering into the toughest economic times “since the Great Depression.”  Thus overall world oil demand may fall by about half a million barrels per

Ameriwest Energy is a domestic oil company with one very specific goal: to decrease foreign oil dependency by targeting pre-existing yet underdeveloped American oil reserves.

Vast stores of oil still remain all over our country’s western regions, left unrecovered after traditional extraction methods have run their course. More than half of the oil originally discovered in and around the Rocky Mountains, in particular, is still untouched to this day. The volume of these reserves is estimated to be 23 billion barrels, and Ameriwest intends to capitalize on this overlooked resource by using cutting-edge recovery techniques.

The company’s tertiary (oil recovery from pre-existing wells through the underground application of heat and chemicals) focus is currently vested in three main areas, defined as low-risk, historically-producing properties. Part of Ameriwest’s tertiary recovery program, the South Glenrock plot, contains just under 5 million barrels of recoverable crude, and the potential for about 2.5 million