Building a world of
resilient communities.



Energy producers - May 20

Click on the headline (link) for the full text.

Many more articles are available through the Energy Bulletin homepage

Bush to Arab nations: You're running out of oil

Tristan Stewart-Robertson and Mike Theodoulou, The Scotsman
PRESIDENT George Bush yesterday told leaders of the oil-rich states of the Middle East that they must face up to a future without their precious hydrocarbons.
In a stark warning, he said their supplies were running out and urged them to reform and diversify their economies. The outgoing United States president told the World Economic Forum, meeting in the Egyptian resort of Sharm el-Sheikh, that it was time to "prepare for the economic changes ahead".

Mr Bush's family name is inextricably linked to the oil industry, and this was his strongest statement yet on the future of global supplies.

... Analysts warned last night that few in the Middle East, which has two-thirds of the world's oil reserves, are likely to heed Mr Bush. Many have already started diversifying their economies and do not like being preached to by someone so unpopular in the region.

Gerald Butt, editor of the authoritative Middle East Economic Survey, said: "The Gulf states have been trying to diversify their economies away from oil for years, so they'll say, 'This is like teaching your grandmother to suck eggs'.

"Arab states don't like being told what to do by outsiders, and especially by America, whose standing in the region is very low. Bush's comments will be dismissed as unwarranted interference."
(19 May 2008)

Russian energy chief urges gas export rethink

Sarah Laitner and Nikki Tait , Financial Times
Gazprom, the Russian state-controlled gas monopoly and the main supplier to the EU, should concentrate on supplying its domestic market to avoid shortages at home, one of the country's leading liberals has argued.

Anatoly Chubais, architect of Russia's 1990s privatisation programme and now the head of its former electricity monopoly, said: "I think that, in strategic terms, our priorities should not be Europe or China.

"We have this western stream, northern stream, south stream . . . ." he added, referring to pipeline projects such as Nord Stream and South Stream to export Russian gas to western Europe. "What I believe we need is a Russian stream. The Russian domestic demand is growing a lot. I think that Russia needs to restructure its strategy in this sector."
(19 May 2008)

The King Versus The Radicals

Zvika Krieger, Newsweek
Saudi Arabia's monarch is using Aramco-the crack state oil company-to build a Western-style university in a bid to outflank the repressive clergy.
... Aramco has always been different. Since it was created by Standard Oil in 1933, and continuing through the company's takeover by the Saudi government in the '70s, Aramco has functioned as a state within a state, operating by its own set of laws and standards and maintaining a remarkable level of freedom from the fundamentalist Wahhabi clergy that dominates the rest of Saudi society. This freedom, and Aramco's impressive managerial efficiency, have helped it become the richest company in the world: a new study by McKinsey and the Financial Times put its net worth at $781 billion.

But the company's splendid isolation may be about to end. Saudi Arabia's reformist King Abdullah recently thrust Aramco into the spotlight by charging it with building a $10 billion Western-style university on the country's western coast.

It's a high-risk gamble. The project is part of Abdullah's attempt to wrest control of his country from the repressive clerics, using the one Saudi institution that's free of their influence.
(26 May 2008 issue)

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Open Streets Cape Town: Reconnecting the Post-Apartheid City

Not only do streets connect places, but they also connect people.

Largest Civil Disobedience in History of the Environmental Movement Begins Today

Starting today, a global wave of peaceful direct actions lasting for 12 days …

To Remember Jane Jacobs, You’ve Got to Get Out and Walk

In 2007, a year after Jacobs died, some of her close friends in Toronto took …

Why you can't argue with a "modern"

The modern's outlook demands nothing of us except acquiescence to the …

Is it Time to Change the Story? Let's Start Writing the Future.

Our stories hold energy. They can keep us focused on the content and energy …

Where On The Titanic Would You Like Your Deck Chair, Ma’am?

Every human society without exception gives some members more say in making …

Reply to Erik Lindberg’s thoughts on modernity, ecomodernism and Ted Trainer

My “The Simpler Way” project is about persuading people that it …