1. An even more dramatic turnabout has come in the refining business, the middle step between pumping oil from the ground and pumping gas into car. 2. Certainly more capacity is needed, for pumping oil and gas, generating electricity and refining gasoline. 3. Ecuador is expected to resume pumping oil through Colombia today after a three-day suspension that followed a Colombian rebel dynamite attack, state oil company Petroecuador said. 4. For instance, pumping underground oil and water to the surface can cause the ground to sink over wide areas. 5. Iraq started pumping oil for export again after receiving United Nations approval, Agence France-Presse reported, citing Iraqi Oil Minister General Amer Rashid. 6. Iraq can start pumping oil as soon as that report is made, Gharekhan said. 7. Iraq will begin pumping oil again just as supplies from outside OPEC are expected to rise. 8. Many refiners kept their inventories low through most of the year speculating that prices would fall after Iraq agreed to terms with the United Nations and started pumping oil. 9. New ways of pumping oil from ever-greater ocean depths at lower cost have boosted recoverable reserves. 10. Preparations also will begin Wednesday that could lead to pumping oil out of the ship and into containers on the shore. |