Insight and inspiration in turbulent times.
Olivera — a shoe factory worker by trade — says oil and gas are vital to the sort of country the people are creating. “We want a different country,” he says, “and for that we need an economic base.” He sees Bolivia’s oil and gas reserves — second only to Venezuela on the continent — as the obvious economic foundation.
An empirical challenge to USGS/USDOE forecasts of future Saudi oil production, with some important comments from industry figures at the end, e.g. “..Billions of barrels of oil calculated to be part of world reserves by the US government include nearly unusable pitch..”
Canada’s known natural gas reserves continue to decline even though a record number of wells were drilled in 2003, the energy industry announced Thursday.
Oman, which has battled to halt a drop in oil production, is estimating a lower daily output of 750,000 barrels next year, the national economy minister said in remarks published Sunday.
Nobody – not even George Bush and Dick Cheney – believes that the
Earth is producing more petroleum, at least not within an interval of
time or at a scale to be of any use to us or to our successors.
Member nations of the Organization of the Petroleum Exporting Countries have cut the proportion of their deposits denominated in dollars by more than 13 percentage points in the past three years, mainly to the advantage of the euro, the Bank for International Settlements said Sunday.
They are the three scariest words in U.S. industry. Cut your price at least 30% or lose your customers. Nearly every manufacturer is vulnerable — from furniture to networking gear. The result: A massive shift in economic power is under way
India has oil reserves to last only till 2016, if no new discovery is made, the Petroleum Minister, Mr Mani Shankar Aiyar, said today.
The most recent announcement from Saudi Arabia’s oil minister says its production is set to rise, but many in the industry feel the thoughts from Ali al-Naimi are based more on political fiction than energy reality.
If President Bush is looking for a legacy, I have just the one for him – a national science project that would be our generation’s moon shot: a crash science initiative for alternative energy and conservation to make America energy-independent in 10 years.
Amanullah Khan Jadoon, the Pakistani minister for petroleum and natural resources, said on Friday that the Prime Minister is due to visit Iran next month where final talks over the Pakistan-Iran-India gas pipeline project would be held.
Ronald R. Cooke, author of Oil, Jihad and Destiny clarifies some of the curiosities of how the stated price of oil is calculated, and the price projections of the international energy agencies.
