Chinese VP in Caracas to sign deals
Venezuela has hailed the visit of Chinese Vice President Zeng Qinghong as a productive trip that will yield several multi-billion trade deals, mainly in the oil and gas sectors.
Japan vows to protect gas field from China
Japan says it will protect its offshore energy resources after its navy spotted two Chinese destroyers near a disputed gas field in the East China Sea.
The scramble for oil is globalizing the G-7
The Group of 7 leading industrialized nations is not what it used to be. That was amply demonstrated during the energy scare last year, when the most powerful economies stood impotent in the face of surging energy costs that threatened global growth.
Cherished oil myths: OPEC overcapacity
The myth or belief in OPEC overcapacity is a key cheap oil myth. The opposite myth, or rather belief is increasingle easy to prove: both OPEC and non-OPEC suppliers are not able to keep pace with world demand, their own domestic oil consumption, and ward off depletion losses.
Venezuela sidelines US oil companies
Access to some of the most coveted oil reserves in the Western Hemisphere is at stake, with Venezuela exporting about 1.2 million barrels of oil a day to the United States, or nearly 15 percent of American imports. But the overtures to the Chinese, Russians and Iranians have added to worries among private oil companies that Venezuelan policies toward them are becoming increasingly unpredictable.
Under-informed, over here
The climate change denial lobby – funded by the US oil industry – has now moved to the UK, warns Bob May
Tehran Bomb Threats – China To The Rescue?
(Op-Ed) It seems rather unlikely that China would stand idly by and see Iran bombed ‘for the good of humanity’ and other strange reasons advanced from the deep and dark recesses of Washington think tanks.
Professor talks at exponential rate
Albert Bartlett has given the same presentation, “Arithmetic, Population and Energy” 1,540 times.
Another 10 years of high oil prices?
Talk to traders about oil prices and they only look a few months ahead. But a new book from George Soros’ former colleague Jim Rogers, ‘Hot Commodities’ points to a much more long-term outlook, and the news for oil is very good.
U.S. tab for war closes in on $300B – six times original estimate
U.S. President George W. Bush will ask Congress for another $80 billion for the war in Iraq, bringing the price tag for that invasion and ongoing operations in Afghanistan close to $300 billion, six times the original White House estimate.
When oil peaks …
Fertilizer, DVDs, rubber, cheap flights, plastics and metals. None of these things have anything in common, right? Think again. An ingredient in all of them, in one form or another, is oil.
Deffeyes on Current Events
My interpretation is that the uptick [in world oil production] is part of the normal up-and-down jitter in the production curve. Worldwide, there have not been major discoveries or innovations that would put a permanent dogleg in the long-term trend.
