Oil prices push UK manufacturing costs up
British manufacturers’ raw materials costs rose at their sharpest pace in four and a half years in January as the price of crude oil and imported goods surged.
China Says Oil to Exceed 50 Percent of Its Energy by 2010
China will rely on oil for more than half of its energy by 2010, when net imports will rise to between 180 million tons and 200 million tons of oil a year, a Chinese official said.
Oil reporting must be more ‘transparent’
Oil companies must be forced to report more fully and transparently about their oil and gas reserves within annual reports and financial statements, according to Big Four firm Deloitte.
Loopholes in Kyoto protocol create headaches
In 15 year’s time — and much sooner if the economy continues to explode — China will overtake the US as the world’s largest single emitter of greenhouse gases. Now, this does not mean that by 2020 it will be a rich country with most people owning cars or using air conditioning like in the US or Europe.
Peak Oil: Time to Get Serious
The skeptics think that it is already too late. Isn’t time to get serious about peak oil and global warming? About navigating The Bottleneck? About imminent global societal collapse?
Climate fears prompt energy U-turn in China
China has abruptly slowed and halted work on building 22 major dams
and power stations in a dramatic greening of the policies of the
world’s most populous nation.
India and China battle over Russian oil
India is fighting China in the battle for Russian oil by angling for a supply deal and a stake in Yuganskneftegaz, the oil unit that was seized from Yukos and is now owned by Rosneft, the state oil company.
Oil bulls shrug off winter discontent
Oil and stocks both finished higher last week. They may not be able to move in tandem for ever. But the long-term oil bulls aren’t backing off.
Rig Game
HOUSTON – Want to drill an oil or gas well? Get in line. After a stunning 2004, this year looks to be even better for drilling companies. And 2006 could top them both, if prices stay high.
Russia bans foriegn control of resources – rest of BRIC to follow?
Foreign-controlled companies in Russia will no longer be allowed to develop major natural resource deposits, Russian Natural Resources Minister Yuri Trutnev said on Feb. 10.
The Precautionary Principle
On the energy front, policy makers don’t know about, have forgotten about, have deliberately ignored, or decided to throw out The Precautionary Principle. And in doing so, they are jeopardising the future of the planet
Big Oil’s Burden of Too Much Cash
Even as fears of shortages grow throughout the world and prices remain high, the cash-rich oil companies are not pouring a large portion of their money into their basic business: drilling for oil. Indeed, oil executives, in their second straight year of rising profits, are finding that too much money is chasing too few oil fields.
