The ABC of oil
The Government still has a small window of opportunity to reduce New Zealand’s dependence on oil before price rises really start to hurt.
High oil price not due to hedge funds, traders-EIA
As U.S. crude oil prices soared past $56 a barrel to an all-time high on Wednesday, the government said that hedge funds and speculative traders were not to blame for rising crude costs.
Oil Rises to a Record on Concern Demand Is Outpacing Supply
Crude oil rose to a record $56.69 a barrel as a promise of increased output from OPEC failed to ease concern that demand for fuels is rising faster than supply.
Gazprom’s Dream Pipeline to Europe
In northern Russia, where vast deposits of natural gas lie waiting to be tapped, Gazprom, the state-owned Russian energy giant, is hatching a multibillion-dollar strategy that would lock a swath of Europe from Germany to Britain into long-term delivery contracts, in a move that would bypass Ukraine and Belarus and anchor Russia to Europe more closely over time.
Union of Russia’s Oil and Gas Producers Says Oil Exports in Danger
The president of the Russian Union of Oil and Gas Producers said on Wednesday, March 16, that the country’s oil exports are in danger unless a program of geological exploration of new oil deposits is introduced.
Could wind generators slow climate mixing and the arctic thaw?
Thought-provoking comments from an alert Newfoundland reader, following on from the ‘methane-burps’ fears covered previously. Could suitably placed wind turbines reduce climate mixing, slow the warming of arctic regions, and so avoid catastrophic methane emissions from thawing tundra?
Secret US plans for Iraq’s oil
The Bush administration made plans for war and for Iraq’s oil before the 9/11 attacks, sparking a policy battle between neo-cons and Big Oil, BBC’s Newsnight has revealed.
Putin controls end oil gusher
A five-year oil boom is ending in Russia, the world’s second-largest oil exporter, as President Vladimir Putin increases government control over the industry, curtailing investment in new wells, rigs and pipelines.
OPEC says it’s lost control of oil prices
Cartel producers say they can’t keep up with strong global demand. ‘This is their claim. But the fact of the matter is that nobody knows what their capacity is.’
— Sen. Ron Wyden
Dem. – Oregon
Overshoot in a nutshell (Malthus was an optimist)
It is implicit in Malthus’s writings that uncontrolled population growth, failing “moral restraint”, would stall near the natural limits of the food supply. Like many who have commented on population growth, Malthus did not understand overshoot.
New-world fundamentals hold sway in oil markets
Over the past two years, though, oil markets have been sending a clear message, reinforced during the past two months as prices have surged as high as $55 a barrel.
The gnawing concern about Hubbert’s Peak, the theory that worldwide oil production may be in permanent decline, is colliding with increased demand from emerging markets such as China. The result is an oil market that defies convention.
OPEC Agrees to Raise Production, Seeking to End Oil-Price Rally
The Organization of Petroleum Exporting Countries agreed to increase production for the fourth time in less than a year. “What will happen after the OPEC meeting is that they will all be producing at capacity,” said Kenneth Deffeyes
