Insight and inspiration in turbulent times.
The recent peak in oil prices was due to the depletion of the world’s reserves rather than temporary supply problems in a number of countries, Feasta, an Irish-based research organisation claimed at the COP-10 climate conference in Buenos Aires.
Apart from pure avarice and ego, the actions of the Bush Administration have the appearance of incredible desperateness. It is that desperateness – their desperado-like, passionate, furious recklessness – which must cause us to ask, does the Bush Administration know something that we do not know? What do they know that makes them act like desperadoes?
Head of the Russian Federation`s Atomic Energy Agency Alexander
Rumyantsev said on Saturday that Russia may construct seven other
nuclear power plants in Iran.
Qatar has reached a 12-billion-dollar deal with ExxonMobil, the world’s biggest oil company, to supply liquefied natural gas to Britain by 2007, Energy Minister Abdullah bin Hamad al-Attiyah said.
“After reaching an absolute post-Soviet peak of 9.49 million b/d in September, Russia’s average daily production has been falling for 2 consecutive months, and November’s drop was the largest single-month decline since January 1999,” said Yulia Woodruff, ESAI’s Russian analyst.
Hundreds of flights by subsidized airlines in Europe are endangering the global climate and the ozone layer. For now, they fly free of environmental regulations.
An audio tape said to have been recorded by al-Qaeda leader Osama Bin Laden has called on his supporters to attack Gulf oil supplies.
Matthew Simmons, energy banker and former advisor to President Bush, speaks candidly with Julian Darley about ASPO 2004, the media, and more.
An office of the US Department of Energy addresses – and supports – Peak Oil research in this unusually frank document, Strategic Significance of America’s Oil Shale Resource. An essential reference.
Washington, DC—One of the central issues facing policy makers in
Washington and around the globe in 2005 is the prospect of further
instability in world oil markets. This new reality carries both
economic and security risks. Another oil shock could tip the world
economy into a premature recession, while the massive flow of oil
revenues into the Persian Gulf and Russia threatens to derail
economic reforms and foment political unrest.
The world’s biggest energy consumer hopes the African region will provide up to a quarter of its oil imports within a decade, up from 14 percent now, and is working to guarantee stability in one of the most volatile parts of the planet.
The huge economic growth in the world’s two most populous nations has already started to put extra strains on the oil market. Could the newly voracious Chinese and Indian thirst for oil also have dangerous strategic implications?
