A letter from oil exploration insider
A letter to Urbansurvival.com that debunks two of the favouite myths of peak oil sceptics: that oil discovery will or can increase, and that higher prices will ‘find’ or make exploitable ‘new’ oil.
Washington’s Interest in Ukraine: Democracy or Energy Geopolitics?
The results of the third round of elections in Ukraine in which Viktor Yushchenko has just been proclaimed the final winner, far from being grounds for jubilation in Ukraine and beyond, ought to give concern for the future of Ukraine to many. The story has major implications for the dollar, oil and gold.
Imperial Entropy: Collapse of the American Empire
It is quite ironic: only a decade or so after the idea of the United States as an imperial power came to be accepted by both right and left, and people were actually able to talk openly about an American empire, it is showing multiple signs of its inability to continue.
Will LNG Save America’s Oil-Addicted Economy?
Later this year, Americans will likely hear the acronym LNG and see new tankers carrying LNG sailing into some U.S. ports. LNG is intended to save the heart and core of American civilization — to save our automotive civilization from possible rust and decay, and the Republicans from political decline.
Exxon rises above GE to the market’s highest peak
EXXONMOBIL has seized the mantle of the world’s largest public company, in terms of stock market value, from General Electric.
Selling the world on a less dependent lifestyle
An electric car in the driveway, solar panels on the roof, a clothes line in the back yard and a bicycle for every family member. Could this be the definition of cool in the 21st century?
Running into a ‘BRIC wall’ with Eurasia?
In response to the bold moves by the Bush Administration to move its NATO and direct US military presence into the vital energy choke points of Eurasia, the major Eurasian powers are taking definite steps aimed at self-survival in energy, even military defense. (Considers Peak Oil.)
Oil exporters’ shift to euros behind dollar’s fall: Soros
Moves by Middle East oil exporters and Russia to switch some revenue from dollars to euros lie behind the U.S. currency’s weakness, and a further rise in crude prices could prompt more declines, the billionaire investor George Soros said on Monday.
Saudi Aramco to boost oil production
Saudi Aramco is planning to carry out two new projects by the end of the decade aimed at boosting the country’s oil production.
Expert says Saudi oil may have peaked
Energy investment banker Matthew Simmons, of Simmons & Co International, has been outspoken in his warnings about peak oil before. His new statement is his strongest yet, “we may have already passed peak oil”.
2 Big Appetites Take Seats at the Oil Table
India, sharing a ravenous thirst for oil, has joined China in an increasingly naked grab at oil and natural gas fields that has the world’s two most populous nations bidding up energy prices and racing against each other and global energy companies.
Kill me and oil stops: Chavez
Venezuelan President Hugo Chavez has threatened to suspend oil exports to the US if someone tries to assassinate him, saying US President George W. Bush would be to blame.
