Leonardo Maugeri

What Lies Below?

How much oil lies beneath the Earth's crust? The only thing we know for sure is that history is littered with estimates so far off the mark--usually below the mark--that they border on the comical.

That Falling Feeling

Understanding the oil market is difficult. making reasonable forecasts is almost impossible. That's why most analysts were surprised by the dip in prices from the Aug. 8 historic high of $79 per barrel to below $60 in recent days.

HYBRID FICTION

Is the internal-combustion engine dead? listening to all the voices calling hybrid vehicles the future of transportation, you might think so. Alternative energy is back in style among the chattering classes.

The Price Is Wrong

Is the internal-combustion engine dead? listening to all the voices calling hybrid vehicles the future of transportation, you might think so. Alternative energy is back in style among the chattering classes.

THE VIRGIN OILFIELDS OF IRAQ

When it comes to oil, Iraq is--believe it or not--largely virgin territory. Though much of the talk about rebuilding Iraqi fields focuses on bringing production back up to prewar levels of about 3 million barrels a day, Iraq is the only Middle Eastern oil power other than Saudi Arabia with huge reserves that are untapped, even unexplored.