New and Old Beam Pumps

Somertimes when we think that something is a "modern" invention, it turns out to have been around a lot longer. Take for example, the beam pump, a staple of oilfield production since the early 20th century. The pump jack is used to bring oil from the reservoir below the surface to the surface.

How High Will Prices Go?

With crude oil prices in the $90 range, the average motorist is wondering how high gasoline prices will go. Crude oil spot prices were $94.16/B (West Texas Intermediate at Cushing, OK on 10/31/07) and average retail gasoline prices were $2.872/gallon (10/29/07).